Press release
Specialty Fertilizers Market is expected to grow at a CAGR of 6.10% during the forecasted period | Evolve Business Intelligence
• The global Specialty Fertilizers Market size was valued at USD 23.8 billion in 2022 growing at a CAGR of 6.10% from 2023 to 2033.
• Asia Pacific dominated the market in 2022
• North America is expected to grow at the highest CAGR from 2023 to 2033
As per the study initiated by Evolve Business Intelligence, the global Specialty Fertilizers Market size accounted for USD 23.8 billion in 2022, growing at a CAGR of 610% from 2023 to 2033.The specialty fertilizers market encompasses a range of fertilizers specifically formulated to meet the unique nutritional needs of certain crops, soil types, or growth conditions. These fertilizers often contain micronutrients, slow-release formulations, or specialized blends to enhance plant growth, yield, and quality. The market is driven by the increasing emphasis on precision farming, sustainable agriculture practices, and the growing demand for high-value crops. Specialty fertilizers play a crucial role in addressing nutrient deficiencies and optimizing nutrient delivery, contributing to improved agricultural productivity and environmental sustainability.
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The specialty fertilizers market is primarily driven by the rising demand for high-efficiency nutrient solutions to enhance crop yield and quality. With a focus on precision agriculture, these fertilizers cater to specific crop and soil requirements, optimizing nutrient delivery. Growing awareness of sustainable farming practices and the need for improved agricultural productivity are key factors propelling the specialty fertilizers market forward.
Key Players
Some of the major Specialty Fertilizers Market players holding high market shares include Mosaic Company (U.S.), Agrium Inc. (Canada), Yara International (Norway) and Haifa Chemicals (Israel). These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Atlantic Gold Corp (Canada), Art Wilson Co. (U.S.), Eurochem (Switzerland)
Report Description: https://evolvebi.com/report/specialty-fertilizers-market-analysis/
Segmental Analysis
Global Specialty Fertilizers Market By Form (Dry, Liquid, Others), By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Turf & Ornamentals, Others), By Application (Foliar, Fertigation, Soil, Others), By Technology (Slow-Release, N-Stabilizers, Coated & Encapsulated, Chelated, Others) And By Geography - Covid-19 Impact Analysis, Post Covid Analysis, Opportunities, Trends And Forecast From 2021 To 2028
Based on Crop Type, the Specialty Fertilizers market is segmented into cereals & oilseeds, fruits & vegetables, turf & ornamentals, and others in the crop type segment. The lawn and ornamentals segment is predicted to lead the market among all of these others. The increasing demand is driving the fast growth of the oilseeds and cereals market.
Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
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