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Stock impact report

Organic Fertilizers Market worth $13.6 billion by 2029 - Exclusive Report by MarketsandMarkets™ [Yahoo! Finance]

Scotts Miracle-Gro Company (The) (SMG) 
Last scotts miracle-gro company (the) earnings: 1/29 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
billion by 2029, at a CAGR of 11.5% from 2024 to 2029 according to a report published by MarketsandMarkets™. Conventional farming's reliance on synthetic fertilizers poses significant risks to soil health, water quality, and biodiversity. In contrast, organic fertilizers sourced from natural origins offer a more sustainable alternative, reducing chemical runoff and environmental damage. As consumers increasingly prioritize sustainably produced goods without synthetic additives, the surge in demand for organic food directly impacts the need for organically cultivated crops, thus driving the market for organic fertilizers. This trend is underscored by the significant increase in organic food sales, with the Organic Trade Association reporting that organic food sales in the United States surpassed USD 60 billion in 2022, marking another milestone for the resilient organic sector. Total organic sales, inclusive of non-food organic products, reached a record-breaking USD 67.6 billion , hig Show less Read more
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