1h Free Analyst Time
The Specialty Fertilizers Market size was estimated at USD 36.76 billion in 2022, USD 40.86 billion in 2023, and is expected to grow at a CAGR of 11.26% to reach USD 86.39 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
Specialty fertilizers are a rapidly-growing and diverse group of products with various characteristics containing one or more essential primary, secondary, or micro-nutrients. There are around nearly 12 plant nutrients, including nitrogen (N), phosphorus (P), and potassium (K), which are essential for maximizing plant yield. Although secondary nutrients such as calcium (Ca), magnesium (Mg), sulfur (S) and micronutrients such as iron (Fe), zinc (Zn), manganese (Mn), copper (Cu), boron (B), molybdenum (Mo) are required in smaller quantities than the primary nutrients. Specialty fertilizers are distinct from the commodity fertilizer products, such as urea, diammonium phosphate (DAP), and muriate of potash (MOP) or blends of these with less commoditization and higher unit value. The specialty fertilizer market is progressive with the rising demand due to precision farming technology and protected agriculture that increases the requirement of water-soluble fertilizers, neem-coated urea, fortified fertilizers, and customized fertilizers (CFs). However, the rising prices of micronutrients and customized fertilizers and the limited availability of specialty fertilizer products are challenging for market manufacturers. Additionally, the increasing advancements in specialty fertilizers with novel product launch strategies and supportive government initiatives to ensure sustainable food production by implementing resilient and skilled agricultural practices are promoting the adoption of specialty fertilizers among farmers. Thereby awareness programs for sustainable farming and food security create the opportunity for the market vendors to invest and reach the maximum consumer base.
Regional Insights
The market for specialty fertilizers is significantly dominating in the North American region due to the increasing trend of using crop-specific fertilizers, rising demand for organic fertilizers due to their environmental advantages over synthetic fertilizers, and growing awareness about sustainable agricultural practices concerning soil health. Additionally, various government initiatives, such as the U.S. Farm Bill 2018 and the grants of USD 29 million issued by the U.S. Department of Agriculture (USDA) in March 2023 for expanding in-house production and conservation efforts on fertilizer products, are also driving the market growth in North America. In Europe, the market for specialty fertilizers can be attributed to an increased focus on sustainable agriculture practices and public policies promoting reduced use of synthetic inputs, such as nitrogenous fertilizers, and organic inputs, such as animal manure or green manure. In Asia-Pacific, the market for specialty fertilizers is progressively growing, primarily attributed to high demand from China and India, which accounts for more than half of the total revenue generated in this region. The high demand for specialty fertilizers due to its large population base, coupled with growing awareness about organic farming techniques among farmers, is driving the growth of the market in APAC. Overall, the increased consumer demand and government initiatives for specialty fertilizers are leading to the significant growth of the specialty fertilizers market across all regions.FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Specialty Fertilizers Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Specialty Fertilizers Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Key Company Profiles
The report delves into recent significant developments in the Specialty Fertilizers Market, highlighting leading vendors and their innovative profiles. These include Acron Group, AgroLiquid, BASF SE, Bayer AG, Bioceres Crop Solutions Corp., Biomaxnaturals, Brandt, Inc., CF Industries Holdings, Inc., Coromandel International Limited, Deepak Fertilizers and Petrochemicals Corporation Limited, EuroChem Group AG, Grupa Azoty S.A., Gujarat State Fertilizers & Chemicals Ltd., Haifa Negev technologies Ltd., ICL Group Ltd., J.M. Huber Corporation, Jordan Phosphate Mines Co. PLC, K+S Aktiengesellschaft, Kingenta Ecological Engineering Group Co., Ltd., Koch Industries, Inc., Kugler Company, Lallemand Inc., Mitsui & Co., Ltd., Novozymes A/S, Nufarm Ltd., Nutrien Ltd., OCI Global, OCP Group, PhosAgro, Plant Food Company, Inc., ProPHOS Chemicals S.r.l., Rashtriya Chemicals & Fertilizers Ltd., Saudi Basic Industries Corporation, Sinochem Holdings, SQM S.A., The Mosaic Company, Valagro S.P.A, Wesfarmers Ltd., Wilbur-Ellis Holdings, Inc., Yara International ASA, and Zuari Agro Chemicals Ltd.Market Segmentation & Coverage
This research report categorizes the Specialty Fertilizers Market to forecast the revenues and analyze trends in each of the following sub-markets:- Type
- Controlled Release Fertilizers
- Customized Fertilizers
- Micronutrient Fertilizers
- Slow Release Fertilizers
- Crop Type
- Commercial Crops
- Fruits & Vegetables
- Grains & Cereals
- Pulses & Oilseeds
- Form
- Flakes
- Liquid
- Powder/Solid
- Application Method
- Band Application
- Broadcasting
- Fertigation
- Foliar Application
- Injection
- Seed Placement
- Sidedress
- Surface Broadcast
- Topdress
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as
- What is the market size and forecast of the Specialty Fertilizers Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Specialty Fertilizers Market?
- What are the technology trends and regulatory frameworks in the Specialty Fertilizers Market?
- What is the market share of the leading vendors in the Specialty Fertilizers Market?
- Which modes and strategic moves are suitable for entering the Specialty Fertilizers Market?
Please note: For this report, the purchase of an Enterprise license allows up to ten worldwide users of an organization access to the report
Please note: This report can be updated on request. Please contact our Customer Experience team using the Ask a Question widget on our website.
With the purchase of this report at the Multi-user License or greater level, you will have access to one hour with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This will need to be used within three months of purchase.
This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.
Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Specialty Fertilizers Market, by Type
7. Specialty Fertilizers Market, by Crop Type
8. Specialty Fertilizers Market, by Form
9. Specialty Fertilizers Market, by Application Method
10. Americas Specialty Fertilizers Market
11. Asia-Pacific Specialty Fertilizers Market
12. Europe, Middle East & Africa Specialty Fertilizers Market
13. Competitive Landscape
14. Competitive Portfolio
15. Appendix
List of Figures
List of Tables
Companies Mentioned
- Acron Group
- AgroLiquid
- BASF SE
- Bayer AG
- Bioceres Crop Solutions Corp.
- Biomaxnaturals
- Brandt, Inc.
- CF Industries Holdings, Inc.
- Coromandel International Limited
- Deepak Fertilizers and Petrochemicals Corporation Limited
- EuroChem Group AG
- Grupa Azoty S.A.
- Gujarat State Fertilizers & Chemicals Ltd.
- Haifa Negev technologies Ltd.
- ICL Group Ltd.
- J.M. Huber Corporation
- Jordan Phosphate Mines Co. PLC
- K+S Aktiengesellschaft
- Kingenta Ecological Engineering Group Co., Ltd.
- Koch Industries, Inc.
- Kugler Company
- Lallemand Inc.
- Mitsui & Co., Ltd.
- Novozymes A/S
- Nufarm Ltd.
- Nutrien Ltd.
- OCI Global
- OCP Group
- PhosAgro
- Plant Food Company, Inc.
- ProPHOS Chemicals S.r.l.
- Rashtriya Chemicals & Fertilizers Ltd.
- Saudi Basic Industries Corporation
- Sinochem Holdings
- SQM S.A.
- The Mosaic Company
- Valagro S.P.A
- Wesfarmers Ltd.
- Wilbur-Ellis Holdings, Inc.
- Yara International ASA
- Zuari Agro Chemicals Ltd.
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 191 |
| Published | March 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 40.86 Billion |
| Forecasted Market Value ( USD | $ 86.39 Billion |
| Compound Annual Growth Rate | 11.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 41 |
