Specialty Fertilizer Application Industry Size Analytical Overview, Growth Factors, Trends and Forecast to 2030

Market Predicts

The Market Research Future (MRFR) reports that the global Specialty Fertilizer Application Industry is expected to register a CAGR of 6.23% from 2022 to 2030. The report on the global specialty chemicals also states that the market can touch a lucrative valuation by 2030.  

Market Boosters and Pitfalls

The growing need for nutrient intact food is expected to surge the specialty chemical market. The ability of specialty fertilizers to steadily release nutrients into the targeted root zone of the plant, maximizes its effects. This elevates the productivity of agriculture. Moreover, specialty chemicals are used in personal gardening activities. As the world takes strides towards profound advancements of all description, specialty fertilizers are also experiencing an increase in their adoption. Hence, specialty fertilizers are observed to be inclusive of modern farming techniques. Other sites like municipal parks, greenhouses, nurseries, lawns, golf courses, cemeteries, and flowers also use specialty fertilizers. These factors are expected to hold great potential to shoot up the growth curve of the Specialty Fertilizer Application Industry expansion. The increase in merger and acquisitions among giant companies concerning agricultural   and emergence of new companies can also boost the Specialty Fertilizer Application Industry growth.

However, prices of specialty chemicals can interfere with the global Specialty Fertilizer Application Industry growth. MRFR also states other factors that can impede the Specialty Fertilizer Application Industry expansion.

What are the major tailwinds pushing the growth of the global specialty fertilizers market?

Growing demand for food and to increase agricultural productivity, ever-increasing population, and limited availability of cultivable land, are major tailwinds pushing the growth of the global specialty fertilizers market.

Key Vendors

On an exhaustive study of the Specialty Fertilizer Application Industry, MRFR has enlisted the key vendors operating in the global Specialty Fertilizer Application Industry. They are; Eurochem (Switzerland), Agrium Inc. (Canada), Atlantic Gold Corp (Canada), Yara International (Norway), Haifa Chemicals (Israel), Art Wilson Co. (U.S.), and Mosaic Company (U.S.).  

Segmental Overview

The global Specialty Fertilizer Application Industry has been segmented on the basis of type and crop type. The segmental analysis offers a comprehensive understanding of the global Specialty Fertilizer Application Industry expansion.

Based on the type, the global Specialty Fertilizer Application Industry has been segmented into potash fertilizers, phosphate fertilizers, nitrogen fertilizers, and others. While the potash fertilizer segment is expected to hold the largest market share, the nitrogen fertilizer segment is likely to demonstrate a rapid growth.   

On the basis of crop type, the Specialty Fertilizer Application Industry has been segmented into turf and ornamentals, fruits and vegetables, oilseeds and cereals, and others. The turf and ornamentals segment is expected to lead the Specialty Fertilizer Application Industry. The cereal and oilseeds segment is observed to grow with a substantial CAGR over the assessment period. 

Regional Outlook

Based on the region, the global specialty fertilizer Market has been studied across Europe, Asia Pacific, North America, and the Rest of the World (RoW). The regional outlook briefs on the regional progress of the Specialty Fertilizer Application Industry over the assessment period.

The Specialty Fertilizer Application Industry in the Asia Pacific region is accounted for an impressive growth over the evaluation period. The extensive amount of agricultural practices taking place in India and China, is expected to boost the Specialty Fertilizer Application Industry in APAC.

The Specialty Fertilizer Application Industry in the North America region is expected to be bolstered by the presence of strong economies like the U.S. The growing trend for organic food is likely to surge the Specialty Fertilizer Application Industry expansion. Likewise is anticipated to be noted in Europe.  

The strict environmental regulations in Europe and North America are anticipated to register a sluggish growth of the Specialty Fertilizer Application Industry these regions. The high in expected to restrain the market growth in these regions.

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