"Explosive Growth Projected: Specialty Fertilizers Market Set to Reach $42.57 Billion by 2030"

Meticulous Research®, a leading global market research company, has published a comprehensive research report titled "Specialty Fertilizers Market by Type (Specialty NPK Fertilizers, Slow-release Fertilizers, Controlled-release Fertilizers), Form (Dry, Liquid), Mode of Application (Fertigation, Foliar), and Crop Type (Cereals & Grains, Fruits & Vegetables) - Global Forecast to 2030". According to this latest publication, the specialty fertilizers market is projected to reach a value of $42.57 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.9% from 2023 to 2030.

Download Free Research PDF @ https://www.meticulousresearch.com/download-sample-report/cp_id=5667

The growth of the specialty fertilizers market is fueled by several factors, including the decreasing availability of arable land, increasing food demand, rising environmental concerns, and favorable government policies and regulations. However, challenges such as high production costs pose restraints to market growth.

One of the key opportunities for market growth lies in the increasing adoption of precision farming technologies. Nevertheless, overcoming the lack of awareness among farmers remains a challenge for stakeholders. Additionally, the integration of nanotechnology in agriculture represents a significant trend in this market.

Request Free Research Report Sample @ https://www.meticulousresearch.com/request-sample-report/cp_id=5667

The specialty fertilizers market features a moderately competitive landscape with the presence of numerous global, regional, and local players. Key players in the market include Nutrien Ltd., Coromandel International Limited, Haifa Group, Yara International ASA, ICL Group Ltd., EuroChem Group AG, Kingenta Ecological Engineering Group Co., Ltd, The Mosaic Company, Deepak Fertilisers and Petrochemicals Corporation Ltd. (DFPCL), Sociedad Química y Minera de Chile S.A., and Kugler Company.

The market is segmented based on type, form, mode of application, crop type, and geography. The report highlights that in 2023, specialty NPK fertilizers accounted for the largest share of the global specialty fertilizers market, driven by factors such as population growth, the need for improved crop yields, and the adoption of precision farming techniques.

Regionally, Asia-Pacific is expected to dominate the market, attributed to the presence of major specialty fertilizers suppliers, extensive agriculture production, increasing demand for high-yield crop products, and government support for crop cultivation enhancement.

Browse in depth @ https://www.meticulousresearch.com/product/specialty-fertilizers-market-5667

Contact Us:
Meticulous Market Research Pvt Ltd
Office No-202, 203,204,205,206
2nd Floor, Pushpak Business Hub,
Wakad, Pimpri-Chinchwad,
411057, India.
Phone: +9102066394988

About Us:
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

This release was published on openPR.