Specialty Fertilizers Market Report 2026

The specialty fertilizers market size has grown strongly in recent years. It will grow from $32.07 billion in 2025 to $34.34 billion in 2026 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to need for higher crop productivity, micronutrient deficiencies, growth of horticulture, soil nutrient depletion, adoption of modern farming.

The specialty fertilizers market size is expected to see strong growth in the next few years. It will grow to $45.33 billion in 2030 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to precision agriculture growth, rising specialty crop cultivation, sustainable nutrient management demand, climate resilient farming, innovation in coated fertilizers. Major trends in the forecast period include rising adoption of controlled release fertilizers, growing use of micronutrient blends, expansion of customized fertilizer solutions, increasing demand for water soluble fertilizers, focus on precision nutrient delivery.

The rising fertilizer expenditure is expected to drive the growth of the specialty fertilizers market going forward. Fertilizer expenditure refers to the total amount farmers spend on nutrient inputs needed to maintain soil fertility and increase agricultural production. This spending is growing as producers intensify crop cultivation to meet rising food, feed, and industrial crop demands driven by population growth and expanding global markets. Specialty fertilizers support this trend by offering targeted nutrient delivery, improved nutrient-use efficiency, and crop-specific formulations that boost yields and minimize nutrient loss. For example, in August 2024, the U.S. Department of Agriculture (USDA), a U.S.-based federal agency, reported that fertilizer expenditures by U.S. farms reached $36.3 billion in 2023, up from $36 billion in 2022, indicating sustained multi-billion-dollar demand heading into the 2024-2025 period. Therefore, the rising fertilizer expenditure is contributing to the expansion of the specialty fertilizers market.

Major companies in the specialty fertilizers market are investing strategically, including establishing specialty crop nutrition production plants, to meet rising demand and expand their customer base. A specialty crop nutrition production plant is a facility designed to manufacture customized and targeted fertilizers tailored to the specific nutritional requirements of individual crops. For example, in May 2023, Yara International ASA, a Norway-based chemical company, began constructing a state-of-the-art global production facility for specialty crop nutrition products and biostimulants aimed at improving yields and overall crop quality. Positioned as one of the world’s largest facilities for these key agricultural products, the initiative reflects Yara’s commitment to addressing food security and climate challenges. Located near Yara’s existing Yorkshire, UK site, the plant is expected to double the production capacity of YaraVita products by the end of 2025, with room for further expansion as demand increases.

In November 2024, Tessenderlo Kerley Inc., a U.S.-based agricultural chemicals and crop-nutrition company, acquired Tiger-Sul Products, LLC for an undisclosed amount. This acquisition allows Tessenderlo Kerley to strengthen and expand its specialty fertilizer portfolio, particularly its sulfur-based crop-nutrition solutions, while enhancing soil-health offerings for farmers. Tiger-Sul Products, LLC is a U.S.-based fertilizer manufacturer specializing in sulfur-based fertilizers, including high-quality sulfur bentonite and micronutrient-enhanced sulfur products used to improve soil health and crop yields.

Major companies operating in the specialty fertilizers market are Koch Industries Inc., Nutrien Ltd., Yara International ASA, The Mosaic Company, CF Industries Holdings Inc., The OCP Group, EuroChem Group, Sociedad Quimica y Minera SA, Israel Chemicals Ltd., J.R. Simplot Company, K+S Aktiengesellschaft, Wilbur-Ellis Company, Nufarm Canada, Coromandel International Limited, Arab Potash Company, Haldor Topsoe A/S, Compo Expert GmbH, Sinochem Group, Valagro S.p.A., Haifa Group, Helena Agri-Enterprises LLC, Miller Chemical & Fertilizer LLC, Kugler Company, Suståne Natural Fertilizer Inc., Van Iperen International, Greenway Biotech Inc., Daymsa, Sapec Agro S.A., Rural Liquid Fertilisers.

North America was the largest region in the specialty fertilizers market in 2025. The regions covered in the specialty fertilizers market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the specialty fertilizers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The specialty fertilizers market consists of sales of potassium nitrate, mono-potassium phosphate, and urea phosphate. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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