Global Blood Meal Fertilizers Market, By Source (Porcine Blood, Poultry Blood and Ruminant Blood), Application (Fruits and Vegetables, Cereals and Grains, Pulses and Oilseeds, and Turf and Ornamentals and Others), Process (Solar Drying, Drum Drying, Ring and Flash Drying and Spray Drying), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Blood Meal Fertilizers Market
Data Bridge Market Research analyses that the blood meal fertilizers market will project a compound annual growth rate (CAGR) of 7.70% during the forecast period of 2021-2028. Growing demand to control various crop related diseases, rising demand for new and mechanized techniques for farming or agriculture especially in the developing countries, growing demand for meat products especially in the developing economies, rising integration of advanced technology with the agricultural equipment and increasing industry competitiveness are the major factors attributable to the growth of blood meal fertilizers market. This means that the blood meal fertilizers market value, which was USD 5.40 billion in 2020 will climb up to USD 9.77 billion by the year 2028.
A large amount of blood is wasted when the animals are slaughtered. Blood meal is a rich source of nitrogen and protein. Therefore, blood meal can be utilized as nitrogen amendment to improve the soil health. In other words, blood meal fertilizers are used to raise the level of nitrogen which in turn improves the agricultural productivity and crop health.
Growing prevalence of parasitic infections and other crop related diseases, rising production of feed, growing preferences towards aquaculture products and increased focus on the research and development proficiencies will emerge as the major factors fostering the growth of the market. Also, growing demand for effective and efficient crop protection tools to improve the crop productivity coupled with growing awareness regarding protein and nitrogen supplements is another important factor fostering the growth of the market. Growth in the demand for fruit and vegetable food items, cereals and grains and others owing to ever-rising population and rising globalization will further create lucrative and remunerative growth opportunities for the market.
However, rising concerns in regards to the conservation of environment coupled with growing awareness about the harmful effects on soil health owing to excessive use of agrochemicals is a major factor that will pose a major challenge to the growth of the market. Also, stringent regulations imposed by the government on the use of agrochemicals and volatility in the prices of raw materials will further slowdown the market growth rate.
This blood meal fertilizers market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on blood meal fertilizers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Blood Meal Fertilizers Market Scope and Market Size
The global blood meal fertilizers market is segmented on the basis of source, application, and process. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of source, the blood meal market is segmented into porcine blood, poultry blood, and ruminant blood.
- Based on application, the blood meal market is segmented into fruits and vegetables, cereals and grains, pulses and oilseeds, and turf and ornamentals and others.
- Based on the process, the blood meal market is segmented into solar drying, drum drying, ring and flash drying, and spray drying.
Blood Meal Fertilizers Market Country Level Analysis
The global blood meal fertilizers market is analyses and market size, volume information is provided by country by source, application, and process as referenced above.
The countries covered in the blood meal fertilizers market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America region dominates the blood meal fertilizers market and will continue to flourish its dominance during the forecast period owing to the rising land under agricultural domain. Asia-Pacific region will score the highest CAGR during the forecast period. Growing awareness in regards to maintaining the soil health, increasing personal disposable income and surge in the expenditure for research and development proficiencies are some other important factors fostering the growth of this region.
The country section of the blood meal fertilizers market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Blood Meal Fertilizers Market Share Analysis
The global blood meal fertilizers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to blood meal fertilizers market.
The major players covered in the blood meal fertilizers market report are Darling Ingredients Inc., Terramar, West Coast Reduction Ltd., Valley Proteins, Inc., Ridley Corporation Limited, Allanasons Pvt Ltd, The Boyer Valley Company, Inc., FASA, Sanimax Industries Inc., APC Company, Inc., Apelsa Guadalajara, The Fertrell Company, Agro-industrial Complex Backa Topola LTD, BASF SE, DuPont., Dow, among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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