Specialty Fertilizers Market
Segments - 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
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.
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 Specialty Fertilizers Market 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.
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Attributes |
Details |
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Report Title |
Specialty Fertilizers Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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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) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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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 |
Specialty Fertilizers Market Segment Insights
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.
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.
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.
Segments
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
- Yara International ASA
- Compo Expert Gmbh
- 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.
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
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
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