International Specialty Fertilizer Market – SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

The International Specialty Fertilizer Market is projected to register a CAGR of 5.93%. Key Highlights. Largest phase by Speciality Kind – Water Soluble : Water-soluble fertilizers assist in effectively lowering fertilizer software by 25-30%.

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These fertilizers additionally assist in offering a good distribution all through the sector.
Quickest rising by Speciality Kind – SRF : SRFs are protected for the soil and atmosphere as they exactly launch vitamins into the soil all through the cropping season and scale back the leaching of vitamins.
Largest Phase by Crop Kind – Turf & Decorative : The growing space below cultivation with growing concern over air pollution and rising ecotourism throughout the globe has elevated the fertilizer demand for such crops.
Largest phase by Nation – United States : The adoption of precision applied sciences within the nation has boosted the necessity for specialty fertilizers, because it wants a modest software of really helpful fertilizers.

Specialty Fertilizer Market Traits

Water Soluble is the most important phase by Speciality Kind.

The worldwide specialty fertilizers market accounts for about 48.0% of the general international fertilizer market worth. It was valued at about USD 74.96 billion in 2021. The market grew by about 23.0% within the examine interval. The growing adoption of specialty fertilizers is because of the growing concern over the atmosphere, which is anticipated to drive the specialty fertilizer market in the course of the forecast interval.
Water-soluble fertilizers dominate the worldwide specialty fertilizer market, accounting for about 40.5% of the market worth. Asia-Pacific and Center East & Africa dominate the water-soluble fertilizers market. Each areas accounted for greater than 50.0% of the worldwide water-soluble fertilizer market worth in 2021.
Liquid fertilizers occupy the second-largest market within the international specialty fertilizer market and account for about 35.5% of the market worth. Within the liquid fertilizers market, Europe is the second-largest market, adopted by Asia-Pacific. The big micro-irrigated space in Europe is driving the expansion of the liquid fertilizers market.
The managed/slow-release fertilizers account for the remaining market worth of specialty fertilizers. Nevertheless, controlled-release fertilizers have penetrated extra into the market than slow-release fertilizers. Managed-release fertilizers accounted for about 16.8% of the worldwide specialty fertilizer market worth in 2021.
Components like excessive fertilizer-use effectivity, the elevated adoption of specialty fertilizers, and the growing development within the general space below sprinklers or micro-irrigation techniques are anticipated to drive the worldwide specialty fertilizer market in the course of the forecast interval.

Europe is the most important phase by Area.

Europe dominates the worldwide specialty fertilizer market, accounting for about 31.75% of the whole market worth, valued at about USD 20.1 billion in 2021. The European specialty fertilizer market was dominated by discipline crops, accounting for 86.8% of consumption quantity, adopted by turf and decorative crops for 7.6% and horticultural crops for six.2% of the market share in 2021.
The Asia-Pacific area is the second-largest marketplace for specialty fertilizers, and it accounted for about 21.32% of the whole market worth in 2021. The Asia-Pacific specialty fertilizers market was dominated by discipline crops, accounting for 84.98% of the consumption quantity, adopted by horticultural crops for 14.37% and turf and decorative crops for lower than 1% in 2021.
China leads the sector crops phase when it comes to complete specialty fertilizer market worth with 43.04%, adopted by India with 17.15%, Japan with about 16.35%, and Indonesia with 5.67%. Australia occupied 4.07% of the Asia-Pacific specialty fertilizer market worth in 2021.
South America accounted for about 18.48% of the market worth, valued at about USD 11.7 billion in 2021. Brazil dominates the South American specialty fertilizer market. The specialty fertilizer market in Brazil was valued at USD 4.40 billion in 2021, with a quantity consumption of 4.7 million metric ton in the identical 12 months.
There was an growing development noticed within the general specialty fertilizer market, each when it comes to quantity and worth, apart from a lower in market worth in 2020 as a consequence of provide chain disruptions brought on by the COVID-19 pandemic.
The growing concern over fertilizer air pollution prompted as a consequence of overuse of fertilizers all over the world could drive the worldwide specialty fertilizer market in the course of the forecast interval.

Specialty Fertilizer Market Aggressive Evaluation

The International Specialty Fertilizer Market is fragmented, with the highest 5 firms occupying 32.33%. The main gamers on this market are Coromandel Worldwide Ltd., EuroChem Group, Sociedad Quimica y Minera de Chile SA, The Mosaic Co. and Yara Worldwide ASA (sorted alphabetically).

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