Global Organic Fertilizers Market is expected to reach $15.9 billion by 2027, at a CAGR of 11.5% during the forecast period, 2020-2027.
Organic Fertilizers are different from chemical fertilizers, provide nutrients to the soil and also maintain soil health. The growing literacy rate and purchasing power of people have made them to shift their focus on healthy foods over more food. Organic fertilizers are formed from natural sources like animal matter, manure, vegetable matter, and human excreta. Organic fertilizers decompose very rapidly without any bad effects on the surface and groundwater; therefore, they are less risky to humans, animals, birds, and anything else that comes in contact with them.
The Qualiket Research report titled Global Organic Fertilizers Market offers detailed information & overview about the prominent factors required to make well informed business decision. This is latest report which includes the definition, key applications of the product as well as the manufacturing technology employed for such production. The Global Organic Fertilizers Market report has been examined in detail to gain an understanding of the competitive landscape recent trends covered in the relevant industry. This report also covers the price margins of the product, with risk factors which are associated with manufacturers.
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Market Restraints
There are several government compliances to be followed in several countries in order to address the data breach and security, which is limiting the growth of the market during the analysis period.
Impact of COVID-19 on IDP Market
COVID-19 has impacted all the major and small industries due to the presence of lockdown globally. However, the demand for IDP is expected to boost in the healthcare segment in order to maintain the record of the patients. After the outbreak of COVID-19, governments and concerned authorities are running the health checkup campaign for classifying the COVID-19 patients to control the pandemic condition. The large amount of patients’ data id requires to store into organized and structured data format. The IDP market as a result have been positively impacted by the spread of pandemic.
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Regional Analysis
Asia-pacific is projected to hold the highest share of the organic fertilizers market in 2020, followed by Europe and Latin America due to increasing health awareness, huge areas under organic cultivation, rapid population and income growth, increasing mechanization and irrigation facilities, and the presence of several organic operators. Europe also holds the major share of the worldwide organic fertilizers market as it has a large area under organic cultivation. Countries like Sweden, Austria, Denmark & Germany are the major markets for organic fertilizers.
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Market Segmentation
The Global Intelligent Document Processing Market is segmented into component such as Software, and Services. The Software segment is projected to hold the largest market size during the analysis period. It uses several AI (Artificial Intelligence) technologies to serve its client enabling it to segregate, group, and retrieve relevant information as well as authenticate the extracted data.
The report is also studied from the point of view of enterprises size. By enterprise size the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Small and medium enterprises are expected to grow at the highest growth rate due to the awareness of the technologies and the need of easy and quick data access of its employees as well as customers.
Intelligent Document Processing Market is segmented into end-user industry into various categories such as IT & Telecom, BFSI, Legal, Manufacturing, Pharmaceutical, Transportation & Logistics, Retail & E-Commerce, and Others. Pharmaceutical segment is expected to hold a significant market share owing to the use of various technologies along with the data processing in the industry which has enabled the use of intelligent document processing (IDP).
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