Specialty Fertilizers Market 2020 Recent Industry Developments, Various Important Aspects of COVID 19 Outbreak and Growth Strategies Adopted by Top Key Players Worldwide and Assessment to 2025

2020 August, Magarpatta SEZ, Pune, “ReportsnReports”, one of the world’s prominent market research firms has released a new report on Global Specialty Fertilizers Market. The report contains crucial insights on the market which will support the clients to make the right business decisions. This research will help both existing and new aspirants for Specialty Fertilizers Market to figure out and study market needs, market size, and competition. The report talks about the supply and demand situation, the competitive scenario, and the challenges for market growth, market opportunities, and the threats faced by Top key players.

The report also includes the impact of ongoing global crisis i.e. COVID-19 on the Specialty Fertilizers Market and what the future holds for it. The published report is designed using a vigorous and thorough research methodology and ReportsnReports is also known for its data accuracy and granular market reports.

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The specialty fertilizers market is projected to grow at a CAGR of 6.4% from 2020 to 2025.

The global specialty fertilizers market is estimated to be valued at USD 37.6 billion in 2020 and is projected to reach USD 51.3 billion by 2025, recording a CAGR of 6.4%. Factors such as the growing demand for high-efficiency fertilizers, the adoption of precision farming and protected agriculture, increasing environmental concerns, and rapid growth in greenhouse vegetable production are projected to drive the growth of this market.

The urea-ammonium nitrate (UAN) segment is projected to be the largest segment, by type, in the specialty fertilizers market during the forecast period.

UAN is gaining more popularity among liquid fertilizers, as it can be mixed with pesticides, herbicides, growth regulators, and other nutrients, thereby allowing farmers to reduce costs. Solutions of UAN are widely used as a source of nitrogen for plant nutrition. These solutions are extremely versatile as a source of plant nutrition. Due to its chemical properties, UAN is compatible with many other nutrients and agricultural chemicals and is frequently mixed with solutions containing phosphorus, potassium, and other essential plant nutrients.

The cereals & grains segment is projected to account for the largest market during the forecast period.

By crop type, the specialty fertilizers market is segmented into cereals & grains, oil seeds & pulses, fruits & vegetables, turf & ornamentals, and other segments. The dominance of the cereals & grains segment is attributed to the increasing consumption of liquid fertilizers for these crops, particularly in the Asian and North American countries. In addition, due to the increasing demand for crops, such as corn, wheat, rice, and sorghum, across various industries, the consumption of crop protection chemicals is projected to increase for improving the yield of these cereals. Due to these factors, the segment is projected to grow at the highest CAGR during the forecast period. Asia Pacific accounted for the largest share in the specialty fertilizers market for the cereals & grains segment, majorly due to the high production of crops, including corn, wheat, and rice, in the US, China, India, and Japan.

The coated & encapsulated segment is projected to grow at the highest CAGR during the forecast period.

By technology, the specialty fertilizers market is segmented into slow-release, N-stabilizers, coated & encapsulated, and chelated. Coated & encapsulated specialty fertilizers are conventional soluble fertilizer materials with increasingly available nutrients, which after granulation, prilling, or crystallization, are given a protective (water-insoluble) coating to control the water penetration, thereby affecting the rate of dissolution and the nutrient release. The adoption of these fertilizers is increasing in the global market, particularly in China, the US, Japan, Canada, and Western Europe, due to the growing awareness about the benefits associated with coated fertilizers and government support provided by the nation, in terms of subsidies and policy amendments. Due to these factors, the segment is projected to grow at the highest CAGR during the forecast period.

The Asia Pacific market is estimated to account for the largest market share due to the rapid adoption of advanced technologies for improving the yield of crops in the region.

According to the FAOSTAT, the Asia Pacific region contributed to more than 60% of the global population in 2017, with China and India being two of the most populous countries in the world. Hence, the increase in food demand from this region has led to a surge in the use of specialty fertilizers. The growth rate of the Japanese market is also projected to be high as compared to that of the other regions, due to the adoption of precise and advanced systems for farming, as well as controlled-environment agriculture. There are more global players in the market that are focusing on entering the Asia Pacific region through the adoption of strategies, such as mergers & acquisitions or partnerships. The Asia Pacific market is projected to grow at the highest rate due to the increase in demand from countries, such as India and China. The high cost of these fertilizers is a key factor inhibiting the growth of the Asia Pacific market.

Break-up of Primaries

By Company Type: Tier 1- 70%, Tier 2 - 11%,and Tier 3 -19%
By Designation: C-level -35%,Director level - 40%, and Others*-25%
By Region: Asia Pacific -35%, South America - 15%, North America -20%, Europe -15%, Rest of the World (RoW)**-15%

*Others include sales managers, marketing managers, and product managers.

**RoW includes the Middle East and Africa.

Leading players profiled in this report

Nutrien, Ltd. (Canada)
Yara International ASA (Norway)
Israel Chemical Ltd. (Israel)
K+S Aktiengesellschaft (Germany)
Sociedad Química y Minera de Chile (SQM) (Chile)
The Mosaic Company (US)
EuroChem Group (Switzerland)
CF Industries Holdings, Inc.(US)
OCP Group (Morocco)
OCI Nitrogen (Netherlands)
Wilbur-Ellis (US), Compass Minerals (US)
Kugler (US), Haifa Group (Israel)
COMPO Expert GmbH (Germany)
AgroLiquid (US)
Plant Food Company, Inc. (US)
Coromandel International Ltd (India)
Deepak Fertilizers & Petrochemicals Corporation Ltd. (India)
Nufarm (Australia), and Brandt (US)
ZuariAgro Chemicals Ltd (India)
Valagro spa (Italy)
AgrozonAgro (India)
Koch Industries (US)
KIngenta (China)

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The global Specialty Fertilizers Market is expected to witness a promising growth in the next few years. The rising level of competition among the leading players and the rising focus on the development of new products are likely to offer promising growth opportunities throughout the forecast period. The research study on the global Specialty Fertilizers Market offers a detailed overview, highlighting the key aspects that are expected to enhance the growth of the market in the near future. The key segmentation and the competitive landscape of the market have also been mentioned at length in the research study.

This report studies the Specialty Fertilizers Market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Specialty Fertilizers Market by product type and applications/end industries. These details further contain a basic summary of the company, merchant profile, and the product range of the company in question. The report analyzes data regarding the proceeds accrued, product sales, gross margins, price patterns, and news updates relating to the company.

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The report helps to identify the main Specialty Fertilizers Market players. It assists in analyzing Specialty Fertilizers Market competitive environment, including company overview, company total revenue, market opportunities, value, production sites and facilities, SWOT analysis, product details. The study also reveals the sales, revenue and market share for each market player included in this report for the period of 2015-2020. It also helps to ascertain the growth drivers and future prospects for the forecast timeline.

Conclusively, this report is a one stop reference point for the industrial stakeholders to get Specialty Fertilizers Market forecast of till 2025. This report helps to know the estimated market size, market status, future development, growth opportunity, challenges, growth drivers of by analyzing the historical overall data of the considered market segments.

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