Specialty Fertilizers Market

Specialty Fertilizers Market by Types (Customized Fertilizers, Slow Release Fertilizers, Controlled Release Fertilizers, Micronutrient Fertilizers, and Others), Crop Types (Pulses and Oilseeds, Fruits and Vegetables, Grain and Cereals, Commercial Crops, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-1343
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 2
  • No. Of Pages: 175
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The global specialty fertilizers market size was valued at USD 24.85 billion in 2020 and is projected to surpass USD 39.37 billion by 2028, expanding at a CAGR of 6.8% during the forecast period, 2021–2028. Growth of the market is attributed to wide application & ease use and high efficiency of fertilizers.

Specialty fertilizers are used to grow better plants and crops with less water, reduce usage of fertilizer, and optimizing the yields properly. Increasing demand for the nutritious foods, fruits, and vegetables is raising the demand for specialty fertilizers. Growing trend for healthy food habits is boosting the market.

Specialty Fertilizers Market Key Takeaways

The Covid-19 pandemic affected the demand and supply of global specialty fertilizers market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising demand for high efficiency fertilizers is anticipated to fuel the market in the coming years.
  • Rapid growth of agriculture industry is major factor propelling the market during the forecast period.
  • Growing population is expected to drive the market in the coming years.
  • High cost of fertilizers is estimated to hamper the market growth.
  • Lack of awareness about the controlled release technology act as a major challenge that can hinder the market expansion.
  • Lack of awareness about the advantages of specialty fertilizes to farmers act as a challenge that can restrict the market growth during the forecast period.
  • Growing importance of specialty nutrients is projected to offer lucrative opportunities for the market players.

Scope of the Report

The report on the global specialty fertilizers market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Specialty Fertilizers Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (Customized Fertilizers, Slow Release Fertilizers, Controlled Release Fertilizers, Micronutrient Fertilizers, and Others), Crop Types (Pulses and Oilseeds, Fruits and Vegetables, Grain and Cereals, Commercial Crops, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

OCP Group, Nutrien Ltd., EuroChem Group AG, Compo Expert Gmbh, Yara International ASA, ICL Specialty Fertilizer, Ekompany, Haifa Chemicals Ltd., and The Mosaic Company

Market Segment Insights:

The controlled release fertilizer segment is projected to hold a major market share

Based on types, the global specialty fertilizers market is segmented into customized fertilizers, slow release fertilizers, controlled release fertilizers, micronutrient fertilizers, and others. The controlled release segment is expected to constitute a key share of the market during the forecast period. It is vital input in precision farming which is mostly dependent on the controlled release fertilizers. It is important for preventing issues including fertilizer drain-off, excessive fertilizer leaching, and subsequent rise in biological oxygen demand of water bodies.

Specialty Fertilizers Market By Types

The fruits and vegetables segment is projected to hold a major market share

In terms of crop types, the global specialty fertilizers market is segregated into pulses and oilseeds, fruits and vegetables, grain and cereals, commercial crops, and others. The fruits and vegetables segment is expected to account for a key share of the market in the coming years due to high nutrient value and rising demand for organic fruits and vegetables. The production of fruits and vegetables has increased owing to the rising exports of fruits and vegetables.

Specialty Fertilizers Market By Crop Type

North America is anticipated to dominate the market

On the basis of regions, the global specialty fertilizers market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North America is anticipated to expand at a high CAGR during the forecast period. The regional market growth can be attributed to rising adoption of quality crop nutrition products. However, the market of Asia Pacific is expected to exhibit a rapid growth rate in the coming years owing to rising agricultural practices requires good quality fertilizers.

Specialty Fertilizers Market By Regions

Segments

Segments Covered in the Report
The global specialty fertilizers market has been segmented on the basis of

Type
  • Customized Fertilizers
  • Slow Release Fertilizers
  • Controlled Release Fertilizers
  • Micronutrient Fertilizers
  • Others
Crop Type
  • Pulses and Oilseeds
  • Fruits and Vegetables
  • Grain and Cereals
  • Commercial Crops
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • OCP Group, Nutrien Ltd.
  • EuroChem Group AG
  • Compo Expert Gmbh
  • Yara International ASA
  • ICL Specialty Fertilizer
  • Ekompany
  • Haifa Chemicals Ltd.
  • The Mosaic Company

Competitive Landscape

Key players competing in the global specialty fertilizers market include OCP Group, Nutrien Ltd., EuroChem Group AG, Compo Expert Gmbh, Yara International ASA, ICL Specialty Fertilizer, Ekompany, Haifa Chemicals Ltd., and The Mosaic Company. Some of these players are engaged in several business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares. For instance,

In January 2020, Nutrien Ltd announced the deal of acquiring Brazilian Ag retailer to mark its footprint in the market of South America.

Specialty Fertilizers Market By Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Specialty Fertilizers Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Specialty Fertilizers Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Specialty Fertilizers Market - Supply Chain
  4.5. Global Specialty Fertilizers Market Forecast
     4.5.1. Specialty Fertilizers Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Specialty Fertilizers Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Specialty Fertilizers Market Absolute $ Opportunity
5. Global Specialty Fertilizers Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Specialty Fertilizers Market Size and Volume Forecast by Types
     5.3.1. Customized Fertilizers Slow Release Fertilizers Controlled Release Fertilizers Micronutrient Fertilizers Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Specialty Fertilizers Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Specialty Fertilizers Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Specialty Fertilizers Demand Share Forecast, 2019-2026
7. North America Specialty Fertilizers Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Specialty Fertilizers Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Specialty Fertilizers Market Size and Volume Forecast by Types
     7.4.1. Customized Fertilizers Slow Release Fertilizers Controlled Release Fertilizers Micronutrient Fertilizers Others
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Specialty Fertilizers Demand Share Forecast, 2019-2026
8. Latin America Specialty Fertilizers Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Specialty Fertilizers Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Specialty Fertilizers Market Size and Volume Forecast by Types
     8.4.1. Customized Fertilizers Slow Release Fertilizers Controlled Release Fertilizers Micronutrient Fertilizers Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Specialty Fertilizers Demand Share Forecast, 2019-2026
9. Europe Specialty Fertilizers Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Specialty Fertilizers Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Specialty Fertilizers Market Size and Volume Forecast by Types
     9.4.1. Customized Fertilizers Slow Release Fertilizers Controlled Release Fertilizers Micronutrient Fertilizers Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Specialty Fertilizers Demand Share Forecast, 2019-2026
10. Asia Pacific Specialty Fertilizers Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Specialty Fertilizers Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Specialty Fertilizers Market Size and Volume Forecast by Types
     10.4.1. Customized Fertilizers Slow Release Fertilizers Controlled Release Fertilizers Micronutrient Fertilizers Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Specialty Fertilizers Demand Share Forecast, 2019-2026
11. Middle East & Africa Specialty Fertilizers Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Specialty Fertilizers Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Specialty Fertilizers Market Size and Volume Forecast by Types
     11.4.1. Customized Fertilizers Slow Release Fertilizers Controlled Release Fertilizers Micronutrient Fertilizers Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Specialty Fertilizers Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Specialty Fertilizers Market: Market Share Analysis
  12.2. Specialty Fertilizers Distributors and Customers
  12.3. Specialty Fertilizers Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. OCP Group, Nutrien Ltd. EuroChem Group AG Compo Expert Gmbh Yara International ASA ICL Specialty Fertilizer Ekompany  
Segments Covered in the Report
The global specialty fertilizers market has been segmented on the basis of

Type
  • Customized Fertilizers
  • Slow Release Fertilizers
  • Controlled Release Fertilizers
  • Micronutrient Fertilizers
  • Others
Crop Type
  • Pulses and Oilseeds
  • Fruits and Vegetables
  • Grain and Cereals
  • Commercial Crops
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • OCP Group, Nutrien Ltd.
  • EuroChem Group AG
  • Compo Expert Gmbh
  • Yara International ASA
  • ICL Specialty Fertilizer
  • Ekompany
  • Haifa Chemicals Ltd.
  • The Mosaic Company

Key players competing in the global specialty fertilizers market include OCP Group, Nutrien Ltd., EuroChem Group AG, Compo Expert Gmbh, Yara International ASA, ICL Specialty Fertilizer, Ekompany, Haifa Chemicals Ltd., and The Mosaic Company. Some of these players are engaged in several business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares. For instance,

In January 2020, Nutrien Ltd announced the deal of acquiring Brazilian Ag retailer to mark its footprint in the market of South America.

Specialty Fertilizers Market By Key Players

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