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Market Expected to Grow at a CAGR of 11% to $ 16 Billion by 2026
Toronto, Ontario – (Newsfile Corp. – June 1, 2021) – SusGlobal Energy Corp. (OTCQB: SNRG) (“SusGlobal“or the”Company“), the developer of SusGro”, a revolutionary pathogen-free organic liquid fertilizer and CIRCULAR ECONOMY LEADERS® is pleased to be included in a comprehensive new market research report compiled and published by Lucintel, a global leader in market and management studies consulting firm. The report analyzes growth opportunities in the Organic Fertilizer Market by product type, form, end use, and region and is called “Global Organic Fertilizer Market 2021-2026”.
According to the new market report, the future of the global organic fertilizer market looks bright with opportunities in the dry and liquid forms segments. The organic fertilizer market is expected to grow at a compound annual growth rate (CAGR) of 11.2% during the forecast period 2021-2026 to reach US $ 15.894 billion. The main drivers of this market are the increase in consumption of food and organic products such as cannabis and wine and favorable government rules and regulations.
In this market, dry and liquid fertilizers are the main types of products. Based on its extensive research, Lucintel predicts the major organic fertilizer growth markets by form, from 2021 to 2026, along with their growth rates (CAGR), are estimated as follows:
- Dry: 11.0% in value
- Liquid: 11.8% in value
The advantages of organic fertilizers are as follows:
Soil structure: The soil structure is improved by the organic matter present in the organic fertilizer and increases the soil’s ability to retain water and nutrients.
Germs grow: Organic fertilizers are rich in organic matter which helps microbes to thrive. They contain carbon as well as nitrogen, phosphorus and potassium which nourish microbes and allow them to make nutrients available to plants in a natural biological process.
Environmentally friendly and sustainable: Organic fertilizers promote healthy soil and are considered a more environmentally friendly solution. They decompose very quickly without any negative effect on surface and groundwater; and are safer for humans, animals and birds.
Reduces chemical fertilizers and pesticides: Organic fertilizers reduce the need for pesticides and the overall need for nitrogen, phosphorus and potassium.
Threat of plant damage avoided: Organic fertilizers are less toxic and do not damage leaves and roots.
“We are pleased to have been included in this market report, as it validates our model and our growth initiatives, namely the production of regenerative products such as organic fertilizers,” said Marc Hazout, Executive Chairman, President and Chief Executive Officer of SusGlobal Energy Corp. “We will continue to introduce new biologics for several segments of our business in order to generate revenue and maximize shareholder value.”
About SusGlobal Energy Corp.
SusGlobal Energy Corp., the developer of SusGro, “a revolutionary pathogen-free organic organic liquid fertilizer, is a renewable energy company focused on the acquisition, development and monetization of a portfolio of proprietary technologies in the application of waste to energy and regenerative products on a global scale. Management’s objective is to make SusGlobal a leading supplier of sustainable waste in energy and regenerative products, as leaders in the circular economy ® For more information, please visit the company’s website at: https://susglobalenergy.com.
Lucintel, the world’s first Management consultancy and market research firm, creates winning strategies for growth. It offers market assessments, competitive analyzes, opportunity analyzes, Growth Consulting, M&A and Due diligence services to executives and key decision makers in a variety of industries. For more information visit www.lucintel.com.
Safe Harbor Declaration
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the objectives of the company. Forward-looking statements are statements which are not historical facts and which are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “believes”. “,” Plans “,” objectives “,” potential “,” goal “,” objective “,” prospective “and similar expressions, or that events or conditions” will “,” could “,” may “,” may “,” Could “or” should “occur. The Company cautions investors that the Company’s forward-looking statements are not guarantees of future results or performance, and that actual results may differ materially from those of the statements forward-looking due to various factors including, but not limited to, lack of sufficient financial resources; changes in market, currency and stock conditions; the Company’s ability to obtain all permits, approvals, consents or authorizations required for on its activities; the company’s ability to produce energy, biogas, compost or organic fertilizers from its properties successfully or profitably, to continue its projected growth or to be fully able to implement its strategies business and other risk factors described in documents filed by the Company with the U.S. Securities and Exchange Commission, which can be found at www.sec.gov.
SusGlobal Energy Corp.
Marc Hazout, President and CEO
(416) 223-8500 or toll free: 1-866-512-7374
Email: [email protected]
SOURCE: SusGlobal Energy Corp.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85898