Global Phosphate Rich Organic Manure (PROM) Market Forecast: Industry Size, Growth and Analysis Insights
Report ID : 1426315 | Published : February 2025 | Study Period : 2023-2033 | Format : PDF + Excel
The market size of the Phosphate Rich Organic Manure (PROM) Market is categorized based on Product Type (Granular PROM, Liquid PROM, Powdered PROM) and Application (Agricultural, Horticultural, Landscaping, Gardening, Forestry) and Formulation (Organic, Inorganic) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
Estimated at $1.2 billion in 2023, the Phosphate Rich Organic Manure (PROM) Market size is forecasted to reach $2.5 billion by 2033, exhibiting a CAGR of 7.8% between 2024 and 2033. The report includes various segments and analyzes key trends and factors that play a significant role in the market.
The demand for Phosphate Rich Organic Manure (PROM) is increasing, paralleling a rise in sustainable agriculture. PROM provides mineral and biological nutrients to soil thereby increasing productivity without negatively impacting soil quality - making it an ideal substitute to chemical fertilizers. The rising demand for organic farming is global, with strict policies and regulations to increase agricultural productivity while preserving nature. Together with its phosphorous rich content, this organic manure increases soil microbial activity which is essential for modern agriculture.
Agricultural and farming businesses are expected to increase consumption of PROM as awareness about the importance of organic farming spreads. A shift is already evident towards using sustainable farming practices. Additionally, tighter regulations on crops and fertilizers are a drive for industrial fertilizers, hence there is a greater need for increased crop production without harming the environment. This prompts further market competition and investments towards m ore sustainable PROM production to reach better agricultural outcomes.
| ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2023-2033 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2033 |
| HISTORICAL PERIOD | 2023-2024 |
| UNIT | VALUE (USD BILLION) |
| KEY COMPANIES PROFILED | Nutrient Ag Solutions, AgroCare, BioFlora, Nutrient Management Solutions, Sustainable Agriculture Solutions, Grow More, Green Agrochem, Earth Safe, Organic Advantage, Eco Fertilizers, BioGrow |
| SEGMENTS COVERED |
By Product Type - Granular PROM, Liquid PROM, Powdered PROM
By Application - Agricultural, Horticultural, Landscaping, Gardening, Forestry
By Formulation - Organic, Inorganic
By Geography - North America, Europe, APAC, Middle East Asia & Rest of World. |
Phosphate Rich Organic Manure (PROM) Market Dynamics
The Phosphate Rich Organic Manure (PROM) Market is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.
Market Drivers
- Technological Advancements
- Increasing Consumer Demand
- Regulatory Support
- Globalization
Market Restraints
- High Operational Costs
- Regulatory Challenges
- Market Saturation
Market Opportunities
- Emerging Markets
- Product Innovation
- Strategic Partnerships
Market Challenges
- Technological Disruptions
- Supply Chain Issues
- Changing Consumer Preferences
Phosphate Rich Organic Manure (PROM) Market Segmentations
Market Breakup by Product Type
- Overview
- Granular PROM
- Liquid PROM
- Powdered PROM
Market Breakup by Application
- Overview
- Agricultural
- Horticultural
- Landscaping
- Gardening
- Forestry
Market Breakup by Formulation
- Overview
- Organic
- Inorganic
Market Breakup by Region
North America
- United States of America
- Canada
- Mexico
Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Others
Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
Latin America
- Brazil
- Argentina
- Mexico
- Others
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Players in the Phosphate Rich Organic Manure (PROM) Market
This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.
- Nutrient Ag Solutions
- AgroCare
- BioFlora
- Nutrient Management Solutions
- Sustainable Agriculture Solutions
- Grow More
- Green Agrochem
- Earth Safe
- Organic Advantage
- Eco Fertilizers
- BioGrow
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