Dublin, May 06, 2022 (GLOBE NEWSWIRE) -- The "Global Specialty Fertilizers Market, By Crop Type, By Form, By Mode of Application, By Technology, By Region, 2017-2027" report has been added to ResearchAndMarkets.com's offering.
Global specialty fertilizers market is anticipated to grow at a formidable CAGR during the forecast period, 2023-2027. Technological advancements in the agriculture sector and rising demands for enhanced high-efficiency fertilizers are propelling the growth of the global specialty fertilizers market. Specialty fertilizers are used to condition soils and plants to achieve results like enhanced crop yield while preventing the toxification of soil due to over fertilization.
Besides, the rising adoption of precision farming practices and enhanced focus on sustainable agriculture are some of the factors driving the growth of the global specialty fertilizers market. Additionally, increasing demand for organic fruits & vegetables with minimal use of fertilizers is also fueling the demand for specialty fertilizers.
Furthermore, increasing innovation in the crop nutrition industry and high demand for high-efficiency nutrition products for crop growth is expected to drive the global specialty fertilizers market in the coming years. Growing demand for higher-yielding crops to feed the rapidly increasing global population is also contributing to the growth of the global specialty fertilizers market. Market players are increasingly investing in developing new products that are safer and more efficient, which is expected to drive the growth of the global specialty fertilizers market in the coming years.
The increased environmental consciousness has led to greater adoption of organic fertilizers to enhance crop growth and protect crops against environmental harm, which is supporting the growth of the global specialty fertilizers market. The high cost of production of specialty fertilizers due to complex production processes and the low rate of adoption of controlled-release technology might hinder the growth of the global specialty fertilizer market. Besides, farmers rely on conventional fertilizers due to their belief in high crop returns, which discourages farmers from adopting specialty fertilizers, which could pose a challenge for the growth of the global specialty fertilizers market.
The global specialty fertilizers market is segmented on the basis of crop type, form, mode of application, technology, competitional landscape, and regional distribution. Based on crop type, the market is further fragmented into cereals & grains, oilseeds & pulses, fruits & vegetables, turf & ornamentals, and others. The fruits & vegetable segment is expected to register the fastest growth in the global specialty fertilizers market owing to the increasing trend of consuming fruits due to increased health consciousness.
Major players operating in the global specialty fertilizers market include Nutrien, Ltd., Yara International ASA, Israel Chemical Ltd., K+S Aktiengesellschaft, The Mosaic Company, CF Industries Holdings, Inc., EuroChem Group, Deepak Fertilizers & Petrochemicals Corporation Ltd., Coromandel International Ltd, Plant Food Company, Inc., Haifa Group, OCP Group, OCI Nitrogen, Wilbur-Ellis Company Inc., COMPO Expert GmbH, among others.
Years Considered for This Report:
- Historical Years: 2017-2020
- Base Year: 2021
- Estimated Year: 2022
- Forecast Period: 2023-2027
Objective of the Study:
- To analyze the historical growth in the market size of global specialty fertilizers market from 2017 to 2021
- To estimate and forecast the market size of global specialty fertilizers market from 2022 to 2027 and growth rate until 2027
- To classify and forecast global specialty fertilizers market based on product type, application, fuel type, region, and competitive Landscape
- To identify dominant region or segment in the global specialty fertilizers market
- To identify drivers and challenges for global specialty fertilizers market
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc, in global specialty fertilizers market
- To identify and analyze the profile of leading players operating in global specialty fertilizers market
- To identify key sustainable strategies adopted by market players in global specialty fertilizers market
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
5. Impact of COVID-19 on Global Specialty Fertilizers Market
6. Global Specialty Fertilizers Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Turf & Ornamentals, Others)
6.2.2. By Form (Dry v/s Liquid)
6.2.3. By Mode of Application (Foliar, Fertigation, Soil)
6.2.4. By Technology (Slow-Release, N-Stabilizers, Coated & Encapsulated, Chelated, Others)
6.2.5. By Region
6.2.6. By Company (2021)
6.3. Market Map
7. North America Specialty Fertilizers Market Outlook
8. Europe Specialty Fertilizers Market Outlook
9. Asia-Pacific Specialty Fertilizers Market Outlook
10. South America Specialty Fertilizers Market Outlook
11. Middle East and Africa Specialty Fertilizers Market Outlook
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends & Developments
14. Competitive Landscape
14.1. Competition Outlook
14.2. Company Profiles (Including SWOT Analysis of Top 5 Players Profiled)
14.2.1. Nutrien, Ltd.
14.2.2. Yara International ASA
14.2.3. Israel Chemical Ltd.
14.2.4. K+S Aktiengesellschaft
14.2.5. The Mosaic Company
14.2.6. CF Industries Holdings, Inc.
14.2.7. EuroChem Group
14.2.8. Deepak Fertilizers & Petrochemicals Corporation Ltd.
14.2.9. Coromandel International Ltd
14.2.10. Plant Food Company, Inc.
14.2.11. Haifa Group
14.2.12. OCP Group
14.2.13. OCI Nitrogen
14.2.14. Wilbur-Ellis Company Inc.
14.2.15. COMPO Expert GmbH
15. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/71ipgq
