The global specialty fertilizer market size was estimated to be US$ 24.5 Billion in 2022 and is expected to reach US$ 47.7 Billion by 2032 at a CAGR of 6.9%.
The global specialty fertilizers market is anticipate to witness prominent growth owing to rising demand from fruit & vegetable and cereals & pulses farming across the globe. The demand for fertilizers is anticipated to escalate over coming years with rising demand for high quality food products and raw material to meet the requirements of rapidly growing population. Specialty fertilizers are completely water soluble and are rich source of nitrogen & other nutrients, thus are anticipated to be the widely used fertilizers across the globe to increase the yield of crops.
Moreover, with advancement in agriculture technology, irrigation equipment are being continually updated and are used for distribution of specialty fertilizers. Asia Pacific accounted for a major share of market owing to demand from China, India, South Korea, and Japan. Asian countries account for more than 70% of global cereal & pulses consumption, along with a prominent share in consumption of fruits & vegetables, thereby creating demand for specialty fertilizers. Additionally, demand from South American countries such as Brazil and Chile is anticipated to gain traction during forecast period.
Major players operating in the global specialty fertilizers market include AgroLiquid, Brandt Consolidated, Inc., CF Industries Holdings, Inc., COMPO EXPERT, Deepak Fertilizers and Petrochemicals Corporation Limited, EuroChem Group, Haifa Group, ICL Specialty Fertilizers, K+S AG, Kugler Company, Nutrien Ag Solutions, Inc., OCI Nitrogen, OCP, Coromandel International Limited, Plant Food Company, Inc., SQM S.A., The Mosaic Company, Wilbur-Ellis Holdings, Inc., and Yara.
The report titled “Specialty Fertilizers Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global specialty fertilizers market.
Furthermore, the report would reflect on the key developments, global & regional sales network, business strategies, security & exchange overview, research & development activities, production facilities, product portfolio, employee strength, and key executive, for all the players considered under the scope of study. For instance, K+S AG reported revenues of US$ 4.50 Billion in 2018 and the segment and geographic analysis of the company indicates that Potash and Magnesium Products business segment is the dominating segment of the company, with North America and Europe being the major revenue generating region.
The specialty fertilizers market study is segmented based on type, technology, method of application, crop type, form, and geography. Based on type the market is segmented into urea-ammonium nitrate (UAN), calcium ammonium nitrate (CAN), monoammonium phosphate (MAP), sulfate of potash or potassium sulfate (SOP), potassium nitrate, and others. Based on technology the market is segmented into coated & encapsulated, slow release fertilizer, chelated, and N-stabilizers. Based on method of application, the global specialty fertilizers market is segmented into fertigation, foliar, and soil. Based on crop type, the market is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, turf & ornamentals, and others. Based on form, the market is segmented into dry specialty fertilizers, and wet specialty fertilizers. Based on geography, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Additionally, the study provides in-depth analysis of individual company considered under the scope of study with a focus on all operating business segment, and would identify the segment of the company focusing on Specialty Fertilizers products. Further, market share of company in the global Specialty Fertilizers market would also be calculated. For instance, K+S AG operates through two business segments namely Potash and Magnesium Products business unit and Salt business unit. Moreover, Potash and Magnesium Products business unit of the company deals with Specialty Fertilizers products, with a revenue contribution of US$ 1973.0 Million.
The report study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the Specialty Fertilizers companies. Furthermore, the global Specialty Fertilizers market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution.
Product portfolio would focus on all the products under the Specialty Fertilizers market business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global specialty fertilizers marketplace.
For instance, K+S AG completed acquisition of MORTON Group, in December 2018 at an estimated amount €84.9 million to strengthen customer relationships. The Key players in the global specialty fertilizers market are focused on developing advanced, effective and ecofriendly fertilizers in order to gain competitive edge in the global market.
The specialty fertilizers market study is segmented:
Based on type
- urea-ammonium nitrate (UAN)
- calcium ammonium nitrate (CAN)
- monoammonium phosphate (MAP)
- sulfate of potash or potassium sulfate (SOP)
- potassium nitrate
- others
Based on technology
- coated & encapsulated
- slow release fertilizer
- chelated
- N-stabilizers
Based on method of application
Based on crop type
- cereals & grains
- oilseeds & pulses
- fruits & vegetables
- turf & ornamentals
- others
Based on form
- dry specialty fertilizers
- wet specialty fertilizers
By Geography
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
