Specialty Fertilizers Market Outlook: Poised For a Strong Growth


Posted October 4, 2021 by Absolute

Specialty Fertilizers Market forecast unveils appealing opportunities
 
The Global Specialty Fertilizers market is poised to grow at a CAGR of around +6% over the next decade to reach approximately $23.9 billion by 2025. Some of the key players profiled in the global Specialty fertilizers market are Mosaic Company, Agrium Inc, Yara International, Haifa Chemicals, Atlantic Gold Corp, Art Wilson Co., Eurochem

Synthetic fertilizers are not good for natural ecosystems, but they help to produce the crops necessary to feed the world's population with celestial populations. Since major chemical companies began to emphasize fertilizers, we are doing our best and expanding. But in the last twenty years it has become very accurate.

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The drivers identified in the market are increasing global area under precision farming, increasing incidence of fertilizer leaching, need for improvement of fertilizer use efficiency, and favorable government policies. The government is encouraging farmers to uptake the sustainable farming practice, in order to enhance productivity while minimizing environmental damage, the demand for specialty fertilizers is on the rise. ​

North America and Europe are the largest markets. The Netherlands and the United States are countries with major share in Europe and North America, respectively. Many horticulture industries, parks, landscapes, and golf associations are the prime segments of the market in those regions. Germany, France, Spain, and Canada are some of the leading controlled-release fertilizer consumers in Europe and North America.​ With increasing population growth, and increasing demand for food has exerted pressure on farmers in Asian countries who are progressively shifting to scientific techniques of farming.  This is boosting the demand for specialty fertilizers in the Asia Pacific.​

Since the COVID-19 outbreak, the fertilizer industry has been significantly affected in many parts of the world from the outset of pandemic. Due to the shortage of labor and the shutdown of a few fertilizer plants located in the integrated chemical complexes, shipments were affected in the initial lockdown process. China, being the epicenter of the pandemic and was greatly impacted in the beginning. However, the conditions in the country are stabilized and production rates have increased for all fertilizers.

Global Specialty Fertilizers Market Segmentation:

Specialty Fertilizers Market – By Crop Type

Cereals & Oilseeds
Fruits & Vegetables
Turfs & Ornamentals
Others (Pulses, Sugar Crops, Fiber Crops, and Plantation Crops)

Market – By Type

Water Soluble
Fertilizers
Slow & Controlled Released Fertilizers
Micronutrient & Secondary Nutrient Fertilizers
Bio-stimulant
Fertilizers
Stabilized Fertilizers 

Specialty Fertilizers Market – By Region

North America
U.S.
Rest of North America
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
Southeast Asia
Rest of Asia Pacific
Middle East and Africa
GCC Countries
Southern Africa
Rest of Middle East and Africa
Latin America
Brazil
Rest of Latin America

Before sowing, special fertilizers are mixed with the soil. This fertilizer contains essential nutrients and controls the amount of soil moisture, such as a protective layer. Special fertilizers accelerate the acceleration of nutrients, reduce the potential loss of nutrients and reduce the toxicity caused by high ion concentrations. They serve as binders to improve insecticide intake and prevent leaching. Various special fertilizers include potassium sulfate, DAP, phosphoric acid, mono ammonium phosphate, UAN, potassium nitrate, ammonium nitrate, monopotassium phosphate, calcium nitrate, urea, potassium chloride and ammonium sulfate.

The Specialty Fertilizers Market has some new trends that including the rise in continuous agriculture practices all across the world, and then increasing advantages of these fertilizers over the conventional fertilizers and growth in greenhouse vegetable production.

As the fastest growing Specialty Fertilizers Market in North America, North America is the largest market share in the world special fertilizer market. The high cost of special fertilizers has limited their use in mass production in connection with other nitrogen fertilizers such as corn, feed, wheat and canola. But despite its limitations, it is mainly used for crops of high value, such as vegetables, orchards, nurseries, seed production. Due to more grain prices, environmental issues and rules, crops are cut.

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Issued By AMI
Country India
Categories News , Research
Tags specialty fertilizers , specialty fertilizers market
Last Updated October 4, 2021