Organic Fertilizers Market | Government Initiatives The growing need for food has prompted farmers to boost crop production. Nevertheless, the rising reliance on synthetic fertilizers harms the soil and affects agricultural yields. As a result, there is a global trend toward the adoption of organic fertilizers. According to Inkwood Research, the global organic fertilizers market is expected to project a CAGR of 9.24% during 2023-2032 and garner a revenue of $20.42 billion by 2032. Concurrently, governments around the world are implementing initiatives to encourage the adoption of organic farming methods and biofertilizers for crop production. The goal is to preserve soil health, minimize the reliance on chemical inputs, and enhance the use of biological & organic inputs. For instance, in India, the Ministry of Agriculture and Farmers’ Welfare, the Department of Biotechnology (DBT), and the Ministry of Science and Technology actively encourage the research, development, and commercialization of biofertilizers and biopesticides.
Examines the latest initiatives taken by governments worldwide to foster organic fertilizer use –
● The USDA’s National Organic Program (NOP) Strengthening Organic Enforcement (SOE) Final Rule On 18th January 2023, the USDA National Organic Program (NOP) provided a preview of the final rule for Strengthening Organic Enforcement (SOE). This regulatory update aims to enhance the supervision and enforcement of organic product production, handling, and sales under USDA organic regulations. The implementation of this final rule aligns with the mandates outlined in the 2018