U.S. Specialty Fertilizers Market - 2019-2026

United States Specialty Fertilizers The United States Specialty Fertilizers Market is expected to grow at a CAGR of 3.98% during the forecasting period (2024-2031).

Specialty fertilizers are materials that help enhance water and nutrient efficiency in farming practices. These chemicals are formulated to cater to the unique nutrient needs of a particular plant or soil. The application of these materials prolongs the availability of nutrients to plants by controlling the amount of moisture contact with the plant. Specialty fertilizers also contain a considerable amount of primary, secondary, and micronutrients essential for the growth of plants and thus evolved as an integral part of crop nutrition. The increasing need for a high yield is driving the U.S. specialty fertilizers market. Optimized crop nutrition is a better approach, which enables the crop to improve its yield. Specialty Fertilizers are the best source of crop nutrition.

United States Specialty Fertilizers Market Dynamics and Trends

Specialty fertilizers are materials that help enhance water and nutrient efficiency in farming practices. These chemicals are formulated to cater to the unique nutrient needs of a particular plant or soil. The application of these materials prolongs the availability of nutrients to plants by controlling the amount of moisture contact with the plant. Specialty fertilizers also contain a considerable amount of primary, secondary, and micronutrients essential for the growth of plants and thus evolved as an integral part of crop nutrition. The increasing need for a high yield is driving the U.S. specialty fertilizers market. Optimized crop nutrition is a better approach, which enables the crop to improve its yield. Specialty Fertilizers are the best source of crop nutrition.

However, High and low profitability for farmers and decreasing number of farms in the U.S. are the primary hindering the growth of the U.S. Specialty Fertilizers Market during the forecast period.

United States Specialty Fertilizers Market Segmentation Analysis

U.S. Specialty Fertilizers Market is segmented based on compound type into phosphate fertilizers, nitrogen compounds, potash compounds, and others.

Growth of the potassium chloride market is gaining traction by the surge in demand for potash specialty fertilizers owing to its properties which support the improvement in flavors, color, and texture of crops. Potassium is the third major plant and crop nutrient after nitrogen and phosphorous. Potash is important for agriculture because it improves water retention, yield, nutrient value, taste, color, texture, and disease resistance of food crops. It has wide application to fruit and vegetables, rice, wheat, and other grains, sugar, corn, soybeans, palm oil, and cotton, all of which benefit from the nutrient’s quality-enhancing properties. The rise in the country’s population has spurred the demand for food grains which in turn has increased the need for potassium fertilizers.

United States Specialty Fertilizers Companies and Competitive Analysis

The United States specialty fertilizers market is moderately consolidated. The majority of the market share is held by five companies such as Nutrien Ltd., The Mosaic Company, Yara, K+S, and ICL Fertilizers. Among these five companies, Nutrien Ltd holds a major share owing to its wide product portfolio and a greater number of production plants in the US and Canada. Nutrien Ltd majorly produces potash fertilizer in the country. The company accounted for approximately 63% of potash production capacity in total North American potash production capacity.

Companies are focusing on expanding business and mergers and acquisitions to improve their market share and contribute to the growth of their entities.

For instance, in February 2019, Haifa Group announced the opening of a new trading company in China. The establishment of the new Haifa subsidiary in China will enable the group to significantly expand its offerings to the developing Chinese agricultural sector.

Some of the key players in the U.S. specialty Fertilizers Market include Yara International, Graco Fertilizer Company, K+S Group, and many others.

Why Purchase the Report?
• Visualize the composition of the U.S. specialty Fertilizers Market in terms of various classes, compound types, and crop types highlighting the key commercial assets and players.
• Identify commercial opportunities in U.S. specialty Fertilizers Market by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of U.S Specialty Fertilizers Market - level 4/5 segmentation.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in Excel for the critical product of all major market players

**The U.S. Specialty Fertilizers report will provide access to approximately 36 market data tables, 29 figures, and 98 pages.

Target Audience
• Investors/Investment Bankers
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