Specialty Fertilizers Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Specialty Fertilizers Market
The Specialty Fertilizers market size was valued at USD 25.49 billion in 2023, and the market is now projected to grow from USD 27.02 billion in 2024 to USD 43.07 billion by 2032, exhibiting a CAGR of 7.31% during the forecast period of 2024-2032.
COVID-19 considerably disrupted the specialty fertilizers market growth, enforcing logistical constraints and labor shortages. Producers, notably SMEs, confronted manufacturing halts due to lockdowns and border closures. Elevated labor and uncooked cloth fees during the pandemic similarly escalated production fees, impacting the uniqueness fertilizers market adversely.
The growing cultivation of cereal vegetation and turf grass is driving the demand for specialised fertilisers designed to maximize yield and first-class. As greater farmers use these products to grow crop productivity, their market percentage rises, indicating their growing importance in modern-day agricultural practices and turf management. This growth inside the speciality fertilisers marketplace can be attributed to those factors.
Additionally, the growing focus on creative and affordable crop-nutrition solutions is driving growth in the specialty fertilisers industry. This significant trend not only increases the market share but also fuels the industry's overall growth, which is fueled by the growing need for affordable and environmentally friendly fertilisation solutions in agriculture.
Comprehensive Analysis of Specialty Fertilizers Market
The specialty fertilizers market is witnessing substantial growth because of its diversified segmentation. This expansion allows for a thorough study that takes into account all of the variables affecting the industry landscape. Segmented by type, the market encompasses Controlled-release Fertilizers, Water-Soluble Fertilizers, Agricultural Micronutrients, and Customized Fertilizers. Furthermore, assessment by application method includes Soil, Foliar, and Fertigation. Moreover, categorization by crop type comprises Row Crops, Fruits & Vegetables, Turf & Ornamentals, and Others. Such detailed segmentation facilitates a thorough understanding of market dynamics and consumer preferences, contributing to the market's robust growth trajectory.
Asia Pacific is leading this market because it possesses the largest agriculture sector, covering up to 30% of the global agricultural land. China has emerged as a big producer and consumer of agriculture inputs, and nations like India, China, and Thailand all play a vital role in this supremacy.
The market leaders in speciality fertilisers have a significant impact on how the industry develops and sets standards for the market, which in turn affects how the agriculture sector develops. These players include, Nutrien Ltd. (Canada), Yara International ASA (Norway), The Mosaic Company (U.S.), CF Industries Holdings, Inc. (U.S.), OCP SA (Morocco), SQM S.A. (Chile), Israel Chemicals Ltd. (Israel), OCI Global (Netherlands), K+S Aktiengesellschaft (Germany), Nouryon Chemicals Holding B.V. (Netherlands), Indian Farmers Fertiliser Cooperative Limited (IFFCO) (India), Grupa Azoty S.A. (Poland), Wilbur-Ellis Holdings, Inc. (U.S.), Nufarm Ltd (Australia), Coromandel International (India), Compass Minerals International, Inc. (U.S.), Deepak Fertilizers and Petrochemicals Corporation Limited (India), Zuari Agro Chemicals Ltd. (India), Kugler Company (U.S.), Kingenta Ecological Engineering Group Co., Ltd. (China), Brandt, Inc. (U.S.), Agro Liquid (U.S.), Plant Food Company, Inc. (U.S.), Koch Industries, Inc. ((U.S.), Helena Agri-Enterprises, LLC (U.S.), Valagro SpA (Italy), Hebei Monband Water Soluble Fertilizer Co., Ltd. (China), Haifa Group (Israel), Uralchem (Russia), EuroChem Group (Switzerland), these market players provide a level-playing competitive landscape.
In December 2022, Zuari Agro Chemicals Ltd. boosted market share and fostered market growth by expanding its ag-tech subsidiary, Zuari Farmhub Ltd., planning to triple its retail presence to 2,000 stores nationwide.
Segementation Table
Global Specialty Fertilizers Market Scope
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 7.31% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By type, By Application Method, By Crop Type, By Region
By Type Controlled-release Fertilizer
Water-Soluble Fertilizer
Agricultural Micronutrient
Customized Fertilizer
By Application Method
- Soil
- Foliar
- Fertigation
By Crop Type
- Row Crops
- Fruits & Vegetables
- Turf & Ornamentals
- Others
By Region
- North America (By Type, Application Method, Crop Type, and Country)
U.S. (By Type, Application Method, and Crop Type)
Canada (By Type, Application Method, and Crop Type)
Mexico (By Type, Application Method, and Crop Type)
- Europe (By Type, Application Method, Crop Type, and Country)
Germany (By Type, Application Method, and Crop Type)
France (By Type, Application Method, and Crop Type)
Italy (By Type, Application Method, and Crop Type)
Spain (By Type, Application Method, and Crop Type)
U.K. (By Type, Application Method, and Crop Type)
Romania (By Type, Application Method, and Crop Type)
Ukraine (By Type, Application Method, and Crop Type)
Rest of Europe (By Type, Application Method, and Crop Type)
- Asia Pacific (By Type, Application Method, Crop Type, and Country)
China (By Type, Application Method, and Crop Type)
India (By Type, Application Method, and Crop Type)
Japan (By Type, Application Method, and Crop Type)
Australia (By Type, Application Method, and Crop Type)
Malaysia (By Type, Application Method, and Crop Type)
Rest of Asia Pacific (By Type, Application Method, and Crop Type)
- South America (By Type, Application Method, Crop Type, and Country)Brazil (By Type, Application Method, and Crop Type)
Argentina (By Type, Application Method, and Crop Type)
Rest of South America (By Type, Application Method, and Crop Type)
- Middle East & Africa (By Type, Application Method, Crop Type, and Country)
South Africa (By Type, Application Method, and Crop Type)
Israel (By Type, Application Method, and Crop Type)
Rest of MEA (By Type, Application Method, and Crop Type)