Global Seaweed Fertilizer
Market is expected to grow at a significant CAGR in the upcoming years as the
scope and its applications are rising enormously across the globe. The seaweed
fertilizer contains micronutrients, mineral nutrients, and vitamins that
improve the plant growth. As an organic nutrition source, these fertilizers
could be directly applied to the soil or be directly used as a foliar spray.
Fertilizers obtained from seaweeds contain a high level of organic matter,
hormones for plant growth, micro and macro elements, fatty acids, and vitamins.
Moreover, they could be used without chemical fertilizers.
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These fertilizers are mainly
preferred for organic farming as they are known to improve soil quality by
achieving higher crop production. These fertilizers are used for all types of
trees, crops, and grasses. Seaweed Fertilizer Market is segmented based on
product type, application, and region. Product types such as Powder Seaweed
Fertilizer and Liquid Seaweed Fertilizer classify Seaweed Fertilizer Market.
Applications into Green House, Farm, and others classify Seaweed Fertilizer
Market. Seaweed Fertilizer Market is segmented, geographically into Americas
(North America, South America), Europe (Eastern Europe, Western Europe), Asia
Pacific, Latin America, Middle East and Africa.
Globally, North American
market accounts for the largest share of Seaweed Fertilizer Market and is
leading the overall market at present; the reason being, technological
advancements and high level of recognition and awareness among people. Europe
and Asia Pacific follow suit. On the other hand, Asia Pacific is estimated to
grow at the fastest pace in the years to come. Developing countries like China,
India, and Japan are the major consumers of Seaweed Fertilizer Market in this
region.
The key players of Seaweed
Fertilizer Market are Hailfeng, Dr. Earth, Technaflora, Kelpak, Maxsea,
FoxFarm, Maxicrop, Espoma, Philpot, TransworldBiofertilizer,Dankk, Leili Group,
Jingling Group, and Hydrofarm.These players are concentrating on inorganic
growth to sustain themselves amongst fierce competition. As such, mergers,
acquisitions, and joint ventures are the need of the hour.
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