This report estimates and projects the size of the global specialty fertilizers market in terms of value ($million). In this report, the market is broadly segmented based on type, crop type, and region. Market drivers, restraints, and challenges, raw material, and product price trends are discussed in detail. Market share of key players in the overall market is discussed in detail. The global specialty fertilizers market has grown exponentially in the last few years and this growth is projected to continue. Factors such as high efficiency, ease of application, and reduced application costs are increasing the market for specialty fertilizers, globally.
The global specialty fertilizers market is projected to grow at a CAGR of 7.0% between 2015 and 2020. The market was dominated by North America, which accounted for around 39.60% of the total share, in 2014. The Asia-Pacific region is projected to be the fastest-growing market, owing to the growing demand for food products and environment-friendly agri-inputs.
China is projected to be the fastest-growing market for specialty fertilizers, followed by India. The turf & ornamentals segment is projected to be the biggest and fastest-growing market for specialty fertilizers, globally, from 2015 to 2020. The cereals & oilseeds and fruits & vegetables segments are projected to grow significantly, at a CAGR of 7.1% and 7.0%, respectively.
The global specialty fertilizers market is characterized by intense competition due to the presence of a large number of both, large- and small-scale firms. New product launches & development, expansions, investments, collaborations, acquisitions; agreements, partnerships & joint ventures were the key strategies adopted by market players to ensure their growth in the market. The market was dominated by players such as Yara International ASA (Norway), Sociedad Quimica y Minera S.A. (Chile), Sinochem Group (China), Haifa Chemicals (Israel), Agrium Inc. (Canada), The Mosaic Company (U.S.), and the Potash Corporation of Saskatchewan Inc. (Canada).
Scope of the report :
This research categorizes the global specialty fertilizers market based on type, crop type, and region.
The specialty fertilizers market has been segmented, based on type, as follows:
The specialty fertilizers market has been segmented, based on crop type, as follows:
- Monoammonium phosphate
- Monopotassium phosphate
- Potassium nitrate
- Potassium chloride
- Potassium sulfate
- Ammonium nitrate
- Phosphoric acid
- Others (ammonium sulfate, calcium nitrate, DAP, and others such as N, P & K fertilizers)
The specialty fertilizers market has been segmented, based on region, as follows:
- Cereals & oilseeds
- Fruits & vegetables
- Turf & ornamentals
- Others (pulses, sugar crops, fiber crops, and plantation crops)
- North America
- Rest of the World (RoW)