Market Research Report
Speciality Fertilizers - Global Market Outlook (2019 -2027)
|Published by||Stratistics Market Research Consulting||Product code||969503|
|Published||Content info||150+ Pages
Delivery time: 2-3 business days
|Speciality Fertilizers - Global Market Outlook (2019 -2027)|
|Published: October 1, 2020||Content info: 150+ Pages||
According to Stratistics MRC, the Global Speciality Fertilizers Market is accounted for $31.62 billion in 2019 and is expected to reach $60.28 billion by 2027 growing at a CAGR of 8.4% during the forecast period. Increasing adoption of precision farming technology and uniform nutrient application are some of the major factors propelling the growth of the market. However, the growth of the organic fertilizers industry and cost ineffectiveness is hampering the growth of the market.
Specialty fertilizers are the fertilizers diversified to get high yield and high-quality product by providing plant nutrition for the soil. Their use increases the grower's return, helps meet the market command for quality crops, and enables higher margins than those normally achieved with high-volume fertilizers. The most regularly used specialty fertilizers include nitrogen fertilizers, phosphate fertilizers, and others.
Based on the crop type, the fruits & vegetables is expected to grow at a significant market share during the forecast period due to the increasing exports of fruits & vegetables have also led to an increase in the crop plantation area, which has resulted in a rise in their production levels. According to FAO, China is the largest producer of fresh fruits and vegetables, which has surpassed the production and growth in the US and India.
By geography, North America is anticipated to hold considerable market share during the forecast period due to the higher grain prices, environmental concerns, and regulations. From the beginning, specialty fertilizers' high cost concerning other nitrogenous fertilizers has restricted their utilization in large-scale production of commodity crops, such as corn, sorghum, wheat, and canola. However, they are commonly used in specialty, high-value crops, such as vegetables, orchards, nurseries, seed production, etc.
Some of the key players profiled in the Speciality Fertilizers Market include Yara International ASA, Haifa Chemicals Ltd., EuroChem Group AG, Coromandel International Limited, The Mosaic Company, Sociedad Quimica Y Minera De Chile, OCP Group, Compo Expert GmbH, BASF SE, Israel Chemicals Ltd., Soiltech, Sinochem Corporation, Kingenta Ecological Engineering Co., LTD., Everris NA Inc., CF Industrial Holdings Inc.
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End Users Covered:
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Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.