Thanks to the development in the form and application categories, the US Seaweed Fertilizers Market is expected to grow by $9.38 million by 2027. The report analyzes market dynamics by region and end-user industries.
U.S. Seaweed Fertilizers Market Overview:The U.S. Seaweed Fertilizers market was valued at US $6.92 Mn. in 2019, and it is expected to grow at US $9.38 Mn. by 2027 with a CAGR of 5.2% during the forecast period. Thousands of species of macroscopic, multicellular, marine algae are known as seaweed or macro-algae. It has been used for generations all over the world. Seaweed is essential for absorbing carbon and releasing up to 50% of the earth's oxygen. Dried seaweed is used as a fertilizer and soil conditioner, as well as an animal feed ingredient.
COVID–19 Influence on U.S. Seaweed Fertilizers Market:COVID-19 had a significant impact on the U.S. economy as well as public health. It caused chaos in the economy, and not a single country was protected. Businesses all over the U.S. have been driven to adjust their ways as a result of the virus. The report gives more details about the influence of each region, allowing users to plan their actions and take substantial steps toward recovery after an epidemic.
U.S. Seaweed Fertilizers Market Dynamics:Government agencies in the United States have imposed various laws and guidelines on the use of synthetic agrochemicals to protect the environment from their negative impact. Certain items harm the soil, damage water supplies, and pollute other components of the ecosystem, creating a risk to human health and crop production. Thus, the rising adoption of seaweed fertilizer as an alternative to synthetic chemicals is expected to act as a driver for the growth of the U.S. seaweed fertilizer market over the forecast period. Benefits such as better root development, the more dynamic growth of crops, improved resilience to environmental stress, and less frost damage have been observed by several researchers. It is the key factor that is expected to drive revenue growth in the seaweed fertilizer market over the forecast period. The market's expansion is expected to be hindered over the forecast period because of a shortage of raw materials. Increased research and product innovation focused on generating products that are suitable for large-scale applications are also expected to provide lucrative growth opportunities for the U.S. fertilizer market over the forecast period.
Market Segment Analysis:On the basis of Form, the U.S. Seaweed Fertilizers market is segmented into two types as follows, Powder form, and Liquid form. Liquid bio-fertilizers dominated the seaweed fertilizer market in terms of volume in 2019, with a share of 61.3%. This can be related to the product's ease of use and excellent effectiveness in plant development. Liquid seaweed products are becoming more popular thanks to their ease of use, with the liquid being added to irrigation systems and sprayed evenly on plants to stimulate growth, whereas the use of these fertilizer flakes is usual in farming. For best results, the powdered form of the product is sprinkled into plantation systems at regular intervals using irrigation systems. Thanks to features such as 99.9% solubility and resilience to drought, heat, and frost, flakes or powders are gaining popularity in the country. Furthermore, their application lowers plant shock, stimulates seed germination, and aids in increased nutrient uptake, all of which improve the fertilizer's efficiency. On the basis of Application, the U.S. Seaweed Fertilizers market is segmented into two types as follows, Farm, Garden, and Others. Farm applications dominated the U.S. market in 2019, accounting for more than xx% of total revenue. The growing demand for organic food and farming has encouraged farmers to use organic treatments like seaweed fertilizer. The need for it is expected to grow during the forecast period since it has a wide range of applications, including fruits, vegetables, and crops, and its use leads to higher yields, making it a suitable alternative to chemical fertilizers. The agricultural revolution in the United States is expected to favor a large number of fertilizer manufacturers, and industry participants market positioning strategy has led to the adoption of organic products over the forecast timeline. For example, seaweed fertilizer consumption in U.S. fields was the highest in terms of volume, with 1,179.31 tons used in 2019. The importance of using seaweed fertilizer in the horticulture sector has been understood by the farming community in the United States. With the increasing number of farms, the country's horticulture industry is steadily expanding. According to government sources, the contribution of these farms is remarkable, as around 96% of the farms have shown sales of more than US $100,000. The growing awareness of organic food has raised the importance of seaweed fertilizers not just on farms but also in gardens during the last decade. Gardeners like seaweed fertilizer because it includes essential elements for plant growth and is less expensive than other inorganic fertilizers. It also works against slugs and birds and prevents the growth of fungus. Other popular uses for seaweed fertilizer include encouraging the growth of saplings and turf maintenance. Organic lawn care is becoming more popular in the United States, thanks to government legislation, encouraging the use of environmentally friendly products and horticulture sectors’ players developing new products to meet the need. In the United States, household grass care has been important for centuries, and on average, residents spend over US $17000 million on outdoor turf development per year. Seaweed extracts are important in turf management since they give key trace elements to the lawn, such as zinc oxide, magnesium, and iron, which promote healthy grass growth, resistance to fungal diseases, and root development. To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2015 to forecast the market through 2027. 2019 is considered a base year however 2020’s numbers are on real output of the companies in the market. Special attention is given to 2020 and effect of lockdown on the demand and supply, and also the impact of lockdown for next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.
U.S. Seaweed Fertilizers Market Regional Insights:California held the largest market share of approximately 18% in 2019 and is likely to continue to do so throughout the forecast period. California has the largest farming area in the United States. Sectors like dairy products, steer raising, and the growth of grapes, almonds, pistachios, strawberries, lettuce, gardens, tomatoes, and oranges are driving the industry respectively. According to the California Department of Food and Agriculture, dairy products brought in USD 6370 million in 2018, followed by grape production (USD 6250 million), almond production (USD 5470 million), and strawberry production (USD 2340 million). California is by far the major user of the product, owing to the state's strict restrictions prohibiting the use of synthetic agrochemicals and growing public awareness of the advantages of eating organically gathered farm products over chemically-derived agricultural products.
Effect of Seaweed Fertilizer On Crop Yield:The use of seaweed fertilizer increases the crop yield. The objective of the report is to present a comprehensive analysis of the U.S. Seaweed Fertilizers market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the U.S. Seaweed Fertilizers market dynamics, structure by analyzing the market segments and project the U.S. Seaweed Fertilizers market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the U.S. Seaweed Fertilizers market make the report investor’s guide.
U.S. Seaweed Fertilizers Market Scope: Inquire before buying
U.S. Seaweed Fertilizers Market, by Region• North America • South America
U.S. Seaweed Fertilizers Market Key Players• SeaNutri LLC • Kelpak • Plan B Organics • Dr. Earth Inc. • FoxFarm Fertilizers, LLC • Espoma • Grow More Inc. • Hydrofarm LLC • Maxicrop USA, Inc. • KIS Organics • Others
Frequently Asked Questions:1. What is the forecast period considered for U.S. Seaweed Fertilizers market report? Ans. The forecast period for the U.S. Seaweed Fertilizers market is 2021-2027. 2. Which key factors are hindering the growth of U.S. Seaweed Fertilizers market? Ans. Shortage of raw materials is the key factors expected to hinder the growth of the U.S. Seaweed Fertilizers market during the forecast period. 3. What is the compound annual growth rate (CAGR) of U.S. Seaweed Fertilizers market for the next 6 years? Ans. The U.S. Seaweed Fertilizers market is expected to grow at a CAGR of 5.2% during the forecast period (2021-2027). 4. What are the key factors driving the growth of U.S. Seaweed Fertilizers market? Ans. Strict rules and regulations on the use of synthetic fertilizers is the key factors expected to drive the growth of the U.S. Seaweed Fertilizers market during the forecast period. 5. Which are the worldwide major key players covered for U.S. Seaweed Fertilizers market report? Ans. SeaNutri LLC, Kelpak, Plan B Organics, Dr. Earth Inc., FoxFarm Fertilizers LLC, Espoma, Grow More Inc., Hydrofarm LLC, Maxicrop USA, Inc., KIS Organics, and others.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 188.8.131.52. Secondary data 184.108.40.206. Secondary Sources 2.3.2. Primary Research 220.127.116.11. Data from Primary Sources 18.104.22.168. Breakdown of Primary Sources 3. Executive Summary: U.S. Seaweed Fertilizers Market Size, by Market Value (US $ Mn.) 3.1. U.S. Seaweed Fertilizers Market Segmentation 3.2. U.S. Seaweed Fertilizers Market Segmentation Share Analysis, 2019 3.2.1. By Region (North America, South America) 3.3. Geographical Snapshot of the U.S. Seaweed Fertilizers Market 3.4. Geographical Snapshot of the U.S. Seaweed Fertilizers Market, By Manufacturer share 4. U.S. Seaweed Fertilizers Market Overview, 2019-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.2. Restraints 4.1.3. Opportunities 4.1.4. Challenges 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 22.214.171.124. Threat of New Entrants 126.96.36.199. Bargaining Power of Buyers/Consumers 188.8.131.52. Bargaining Power of Suppliers 184.108.40.206. Threat of Substitute Products 220.127.116.11. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the U.S. Seaweed Fertilizers Products Market 5. Supply Side and Demand Side Indicators 6. U.S. Seaweed Fertilizers Market Analysis and Forecast, 2019-2027 6.1. U.S. Seaweed Fertilizers Products Market Size & Y-o-Y Growth Analysis. 7. U.S. Seaweed Fertilizers Market Analysis and Forecasts, 2019-2027 7.1. Market Size (Value) Estimates & Forecast By Form, 2019-2027 7.1.1. Powder form 7.1.2. Liquid form 7.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 7.2.1. Farm 7.2.2. Garden 7.2.3. Others 8. U.S. Seaweed Fertilizers Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2019-2027 8.1.1. North America 8.1.2. South America 9. North America Market Analysis and Forecasts, 2019-2027 9.1. Market Size (Value) Estimates & Forecast By Form, 2019-2027 9.1.1. Powder form 9.1.2. Liquid form 9.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 9.2.1. Farm 9.2.2. Garden 9.2.3. Others 10. North America Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2019-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Market Analysis and Forecasts, 2019-2027 11.1. Market Size (Value) Estimates & Forecast By Form, 2019-2027 11.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 12. Canada Market Analysis and Forecasts, 2019-2027 12.1. Market Size (Value) Estimates & Forecast By Form, 2019-2027 12.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 13. Mexico Market Analysis and Forecasts, 2019-2027 13.1. Market Size (Value) Estimates & Forecast By Form, 2019-2027 13.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 14. South America Market Analysis and Forecasts, 2019-2027 14.1. Market Size (Value) Estimates & Forecast By Form, 2019-2027 14.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 15. South America Market Analysis and Forecasts, by Country 15.1. Market Size (Value) Estimates & Forecast by Country, 2019-2027 15.1.1. Brazil 15.1.2. Argentina 15.1.3. Rest of South America 16. Brazil Market Analysis and Forecasts, 2019-2027 16.1. Market Size (Value) Estimates & Forecast By Form, 2019-2027 16.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 17. Argentina Market Analysis and Forecasts, 2019-2027 17.1. Market Size (Value) Estimates & Forecast By Form, 2019-2027 17.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 18. Rest of South America Market Analysis and Forecasts, 2019-2027 18.1. Market Size (Value) Estimates & Forecast By Form, 2019-2027 18.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 19. Competitive Landscape 19.1. Geographic Footprint of Major Players in the U.S. Seaweed Fertilizers Products Market 19.2. Competition Matrix 19.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 19.2.2. New Product Launches and Product Enhancements 19.2.3. Market Consolidation 18.104.22.168. M&A by Regions, Investment and Verticals 22.214.171.124. M&A, Forward Integration and Backward Integration 126.96.36.199. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 19.3. Company Profile : Key Players 19.3.1. SeaNutri LLC 188.8.131.52. Company Overview 184.108.40.206. Financial Overview 220.127.116.11. Geographic Footprint 18.104.22.168. Product Portfolio 22.214.171.124. Business Strategy 126.96.36.199. Recent Developments 19.3.2. Kelpak 19.3.3. Plan B Organics 19.3.4. Dr. Earth Inc. 19.3.5. FoxFarm Fertilizers LLC 19.3.6. Espoma 19.3.7. Grow More Inc. 19.3.8. Hydrofarm LLC 19.3.9. Maxicrop USA Inc. 19.3.10. KIS Organics 19.3.11. Others 20. Primary Key Insights