The specialty fertilizers market refers to a subset of the broader fertilizer market, which focuses on the production and distribution of fertilizers that have specific nutrient compositions or modes of action. Specialty fertilizers may be used to address specific soil deficiencies, improve crop yields, or promote specific growth characteristics in plants.
The global specialty fertilizers market is expected to grow significantly in the coming years, driven by a number of factors including increasing demand for high-quality, high-yield crops; growing concerns over soil degradation and nutrient depletion; and the development of innovative new fertilizer technologies.
Some of the key players in the specialty fertilizers market include companies such as Yara International ASA, Israel Chemicals Ltd., The Mosaic Company, and SQM, among others. These companies are involved in the production and distribution of a wide range of specialty fertilizers, including nitrogen-based fertilizers, phosphorous-based fertilizers, potassium-based fertilizers, and micronutrient-based fertilizers.
The South American market includes Brazil, Argentina, Chile, and the Rest of South America. According to USDA, Brazil is one of the few nations in the world with the ability to boost agricultural yields and area. The rising adoption of agrochemicals, advancements in farming techniques in Brazil & Argentina, and extensive distribution channels of global agrochemical players are projected to drive market growth.
Brazil and Argentina occupied the major market share for specialty fertilizers in South America in 2021. However, according to FAO, these countries also depend on other nations for fertilizers since domestic production could not meet the rising demand in 2020. The climatic conditions of these countries help in the cultivation of diverse crops. Soybean, sugarcane, corn, rice, fruits, and vegetables are the major crops cultivated in this region.
Other growth drivers include the use of new techniques and technologies to bring unusable and barren lands into productivity. Crop production in South America has risen dramatically in recent decades and is expected to rise further as growers expand the planted area and push for higher yields. This will support specialty fertilizer consumption.
In addition to traditional chemical fertilizers, the specialty fertilizers market is also seeing growth in organic and bio-based fertilizers, which are derived from natural sources such as plant and animal waste. These products are becoming increasingly popular as consumers and farmers seek more sustainable and environmentally friendly alternatives to traditional chemical fertilizers.
Overall, the specialty fertilizers market is expected to continue to grow in the coming years, driven by increasing demand for high-quality crops, sustainable agricultural practices, and innovative new fertilizer technologies.
However, arable land is limited and consistently decreasing too.
Coupled with changes to the environment that pollution has caused, there is a strong requirement for measures that can increase the efficiency or yield of limited arable land.
Specialty fertilizers help soil to overcome deficiencies and attain greater fertility, and their adoption is on the rise.Global Demand for Specialty Fertilizers to Increment at 5.7% CAGR during 2017-2025A recent business intelligence report developed at Transparency Market Research (TMR) has projected that the demand in the global specialty fertilizers market will expand at a notable CAGR of 5.7% during the forecast period of 2017 to 2025.
Grab an exclusive PDF sample of this report hereThe analyst of the report has highlighted a vendor landscape wherein the global specialty fertilizers market shares are fairly consolidated among a handful of major players.
Major companies such as Coromandel International Limited, Haifa Chemicals Limited, Yara International ASA, The Potash Corporation of Saskatchewan Inc., Sociedad Quimica Y Minera S.A., Agrium Inc., and Israel Chemical Limited boast of their expansive geographical presence and are consistently improving their product portfolio to stay ahead of the curve.
Most of these players are eyeing emerging economies in Asia Pacific that are prospering on economic growth and have a strong agriculture community.Based on product type, the TMR report has segmented the specialty fertilizers market into micro nutrient fertilizers, nitrification and urea inhibitors, controlled release fertilizers, and slow release fertilizers.Is something restraining your company’s growth in the Specialty Fertilizers Market market?
However, arable land is limited and consistently decreasing too.
Coupled with changes to the environment that pollution has caused, there is a strong requirement for measures that can increase the efficiency or yield of limited arable land.
Specialty fertilizers help soil to overcome deficiencies and attain greater fertility, and their adoption is on the rise.
Take a detailed overview - https://www.transparencymarketresearch.com/specialty-fertilizers-market.htmlGlobal Demand for Specialty Fertilizers to Increment at 5.7% CAGR during 2017-2025A recent business intelligence report developed at Transparency Market Research (TMR) has projected that the demand in the global specialty fertilizers market will expand at a notable CAGR of 5.7% during the forecast period of 2017 to 2025.
In terms of revenue, the analyst of the report has estimated the market to attain a value of US$14,734.4 million, substantially more than the market’s evaluated worth of US$8,987.3 million as of 2016.The analyst of the report has highlighted a vendor landscape wherein the global specialty fertilizers market shares are fairly consolidated among a handful of major players.
Major companies such as Coromandel International Limited, Haifa Chemicals Limited, Yara International ASA, The Potash Corporation of Saskatchewan Inc., Sociedad Quimica Y Minera S.A., Agrium Inc., and Israel Chemical Limited boast of their expansive geographical presence and are consistently improving their product portfolio to stay ahead of the curve.
