The global specialty fertilizers market is anticipated to grow at a CAGR of around 7.1% during the forecast period 2020 to 2027 and to reach around US$ 41.8 Bn by 2027.
Market Dynamics
Developing regulatory standards, high government spending on agriculture sector across the globe, coupled with demand for nutritional fertilizers from farmers are major factors expected to drive the growth of the global market. Government is spending high development of agriculture sector it is inclining towards increasing the regional production capacity. Government is focused in lowering the import of products such as urea it is offering various incentives and benefits in order to encourage the regional production.
- In 2020, Government of India announced that it would be providing incentive benefits to urea manufactures operating in the country. This initiative is to lower the import of urea and encourage and increase the regional production of urea. According to the announcement 30 urea factories will get fixed cost at a rate of Rs 350 per metric ton and the factories that are older than 30 years but are still producing urea, will get Rs 500 additional fixed cost.
Rapid technological advancements in farming technology, rising demand for high-efficiency fertilizers coupled with adoption of precision farming is another factors expected to support the growth of global market.
Major players focus on collaborative work in order to increase the R&D activities, reduce operational efficiency and increase the profit ration is impacting the growth of target market positively. In addition, approach towards business expansion through strategic merger and acquisitions are factors expected to further augment the growth of target market.
- In 2019, Belaruskali in collaboration with Migao a Chinese company established an enterprise in order to make potassium nitrate. Fertilizers will be made using Migao Corporation’s technology by converting ammonium nitrate and potassium chloride.
- In 2019, Nutrien Ltd. acquired Ruralco Holdings Limited an Australian company. This acquisition is focused on enhancing the delivery of products and services to Australian farmers. This acquisition is expected to help the company to increase the business presence.
However, factors such as inclination towards adoption of organic fertilizers and lack of awareness among the farmers about specialty fertilizers are factors expected to hamper the growth of global specialty fertilizers market. In addition, stringent government regulation related to product approval is another factor expected to challenge the growth of target market.
Rapid technological advancements in farming technology and major payers focus on emerging economies in order to increase the business presence are factors expected to create new opportunities for players over the forecast period.
Specialty Fertilizers Market Segment Analysis, 2019
The global specialty fertilizers market is segmented into type, crop type, and application. The type segment is bifurcated in to controlled-release fertilizer, water-soluble fertilizer, agriculture micronutrients, customized fertilizer, and others. Among application the fruits & vegetables segment is expected to account for significant revenue share.
Segment Analysis by Region
The market in North America is expected to account for significant revenue share owing to to rising environmental concern. In addition, presence of major players operating in the country along with focus on business expansion through strategic merger and acquisitions is expected to further support the growth of target market.
Asia Pacific is expected to witness faster growth in the near future owing to high government spending on agriculture sector. In addition, emergence of small and mid-size enterprises and availability of various government financial support is expected to further support the growth of target market.
Competitive Landscape
The market is highly competitive due to presence of large number of players. In addition, new product launches and high investment for R&D activities is expected to further increase the competition in the market.
Report coverage
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Market
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Global Specialty Fertilizers Market
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Analysis Period
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2016 – 2027
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Base Year
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2019
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Forecast Data
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2020 – 2027
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Market Stratification
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Type, Crop Type, Application and Geography
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Regional Scope
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North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
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Report Coverage
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Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
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The market research study on “Specialty Fertilizers Market (Type: Controlled-release Fertilizer, Water-soluble Fertilizer, Agriculture Micronutrients, Customized Fertilizer and Others; Crop Type: Cereals, Pulses & Oilseeds, Fruits & Vegetables, Turf & Ornamentals, Others; Application: Soil, Foliar, and Fertigation) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027”, offers a detailed insights on the global specialty fertilizers market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global specialty fertilizers market segment by type, crop type, application and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global specialty fertilizers market size and segment markets by type, crop type, application and geography along with the information on companies operating in the market. The specialty fertilizers market analysis is provided for major regional market including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report Nutrien, Ltd., Yara International Asa, Icl, K+S Aktiengesellschaft, Sociedad Química Y Minera De Chile (SQM), The Mosaic Company, Eurochem Group, CF Industries Holdings, Inc., Nufarm, OCI Nitrogen, OCP Group, and Coromandel International Limited.
Market Segmentation
Market By Type
- Controlled-release Fertilizer
- Water-soluble Fertilizer
- Agriculture Micronutrients
- Customized Fertilizer
- Others
Market By Crop Type
- Cereals
- Pulses & Oilseeds
- Fruits & Vegetables
- Turf & Ornamentals
- Others
Market by Application:
Market By Region
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest if Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Meddle East & Africa
Table Of Content:
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Specialty Fertilizers
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Specialty Fertilizers Market By Type
1.2.2.1. Global Specialty Fertilizers Market Revenue and Growth Rate Comparison By Type (2016-2027)
1.2.2.2. Global Specialty Fertilizers Market Revenue Share By Type in 2019
1.2.2.2.1. Controlled-release Fertilizer
1.2.2.2.2. Water-soluble Fertilizer
1.2.2.2.3. Agriculture Micronutrients
1.2.2.2.4. Customized Fertilizer
1.2.2.2.5. Others
1.2.3. Specialty Fertilizers Market By Crop Type
1.2.3.1. Global Specialty Fertilizers Market Revenue and Growth Rate Comparison By Crop Type (2016-2027)
1.2.3.1.1. Cereals
1.2.3.1.2. Pulses & Oilseeds
1.2.3.1.3. Fruits & Vegetables
1.2.3.1.4. Turf & Ornamentals
1.2.3.1.5. Others
1.2.4. Specialty Fertilizers Market By Application
1.2.4.1. Global Specialty Fertilizers Market Revenue and Growth Rate Comparison By Application (2016-2027)
1.2.4.2. Soil
1.2.4.3. Foliar
1.2.4.4. Fertigation
1.2.5. Specialty Fertilizers Market By Geography
1.2.5.1. Global Specialty Fertilizers Market Revenue and Growth Rate Comparison By Geography (2016-2027)
1.2.5.2. North America Specialty Fertilizers Market Revenue and Growth Rate(2016-2027)
1.2.5.3. Europe Specialty Fertilizers Market Revenue and Growth Rate(2016-2027)
1.2.5.4. Asia-Pacific Specialty Fertilizers Market Revenue and Growth Rate(2016-2027)
1.2.5.5. Latin America Specialty Fertilizers Market Revenue and Growth Rate(2016-2027)
1.2.5.6. Middle East and Africa (MEA)Specialty Fertilizers Market Revenue and Growth Rate(2016-2027)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2019
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Specialty Fertilizers Major Manufacturers in 2019
3.2. Manufacturing Plants Distribution of Global Specialty Fertilizers Major Manufacturers in 2019
3.3. R&D Status and Technology Source of Global Specialty Fertilizers Major Manufacturers in 2019
3.4. Raw Materials Sources Analysis of Global Specialty Fertilizers Major Manufacturers in 2019
CHAPTER 4. SPECIALTY FERTILIZERS MARKET BY TYPE
4.1. Global Specialty Fertilizers Revenue By Type
4.2. Controlled-release Fertilizer
4.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.3. Water-soluble Fertilizer
4.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.4. Agriculture Micronutrients
4.4.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.5. Customized Fertilizer
4.5.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.6. Others
4.6.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.6.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 5. SPECIALTY FERTILIZERS MARKET BY CROP TYPE
5.1. Global Specialty Fertilizers Revenue By Crop Type
5.2. Cereals
5.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.3. Pulses & Oilseeds
5.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.4. Fruits & Vegetables
5.4.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.5. Turf & Ornamentals
5.5.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.6. Others
5.6.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.6.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 6. SPECIALTY FERTILIZERS MARKET BY APPLICATION
6.1. Global Specialty Fertilizers Revenue By Application
6.2. Soil
6.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
6.3. Foliar
6.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
6.4. Fertigation
6.4.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
6.4.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 7. NORTH AMERICA SPECIALTY FERTILIZERS MARKET BY COUNTRY
7.1. North America Specialty Fertilizers Market Revenue and Growth Rate, 2016 - 2027 ($Million)
7.2. North America Specialty Fertilizers Market Revenue Share Comparison, 2016 & 2027 (%)
7.3. U.S.
7.3.1. U.S. Specialty Fertilizers Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
7.3.2. Market Revenue and Forecast By Crop Type, 2016 - 2027 ($Million)
7.3.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
7.4. Canada
7.4.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
7.4.2. Market Revenue and Forecast By Crop Type, 2016 - 2027 ($Million)
7.4.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
CHAPTER 8. EUROPE SPECIALTY FERTILIZERS MARKET BY COUNTRY
8.1. Europe Specialty Fertilizers Market Revenue and Growth Rate, 2016 - 2027 ($Million)
8.2. Europe Specialty Fertilizers Market Revenue Share Comparison, 2016 & 2027 (%)
8.3. UK
8.3.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
8.3.2. Market Revenue and Forecast By Crop Type, 2016 - 2027 ($Million)
8.3.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
8.4. Germany
8.4.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
8.4.2. Market Revenue and Forecast By Crop Type, 2016 - 2027 ($Million)
8.4.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
8.5. France
8.5.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
8.5.2. Market Revenue and Forecast By Crop Type, 2016 - 2027 ($Million)
8.5.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
8.6. Spain
8.6.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
8.6.2. Market Revenue and Forecast By Crop Type, 2016 - 2027 ($Million)
8.6.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
8.7. Rest of Europe
8.7.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
8.7.2. Market Revenue and Forecast By Crop Type, 2016 - 2027 ($Million)
8.7.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
CHAPTER 9. ASIA-PACIFIC SPECIALTY FERTILIZERS MARKET BY COUNTRY
9.1. Asia-Pacific Specialty Fertilizers Market Revenue and Growth Rate, 2016 - 2027 ($Million)
9.2. Asia-Pacific Specialty Fertilizers Market Revenue Share Comparison, 2016 & 2027 (%)
9.3. China
9.3.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
9.3.2. Market Revenue and Forecast By Crop Type, 2016 - 2027 ($Million)
9.3.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.4. Japan
9.4.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
9.4.2. Market Revenue and Forecast By Crop Type, 2016 - 2027 ($Million)
9.4.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.5. India
9.5.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
9.5.2. Market Revenue and Forecast By Crop Type, 2016 - 2027 ($Million)
9.5.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.6. Australia
9.6.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
9.6.2. Market Revenue and Forecast By Crop Type, 2016 - 2027 ($Million)
9.6.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.7. South Korea
9.7.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
9.7.2. Market Revenue and Forecast By Crop Type, 2016 - 2027 ($Million)
9.7.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.8. Rest of Asia-Pacific
9.8.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
9.8.2. Market Revenue and Forecast By Crop Type, 2016 - 2027 ($Million)
9.8.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
CHAPTER 10. LATIN AMERICA SPECIALTY FERTILIZERS MARKET BY COUNTRY
10.1. Latin America Specialty Fertilizers Market Revenue and Growth Rate, 2016 - 2027 ($Million)
10.2. Latin America Specialty Fertilizers Market Revenue Share Comparison, 2016 & 2027 (%)
10.3. Brazil
10.3.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
10.3.2. Market Revenue and Forecast By Crop Type, 2016 - 2027 ($Million)
10.3.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
10.4. Mexico
10.4.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
10.4.2. Market Revenue and Forecast By Crop Type, 2016 - 2027 ($Million)
10.4.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
10.5. Rest of Latin America
10.5.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
10.5.2. Market Revenue and Forecast By Crop Type, 2016 - 2027 ($Million)
10.5.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
CHAPTER 11. MIDDLE EAST & AFRICA SPECIALTY FERTILIZERS MARKET BY COUNTRY
11.1. Middle East & AFRICA Specialty Fertilizers Market Revenue and Growth Rate, 2016 - 2027 ($Million)
11.2. Middle East & AFRICA Specialty Fertilizers Market Revenue Share Comparison, 2016 & 2027 (%)
11.3. GCC
11.3.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
11.3.2. Market Revenue and Forecast By Crop Type, 2016 - 2027 ($Million)
11.3.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
11.4. South Africa
11.4.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
11.4.2. Market Revenue and Forecast By Crop Type, 2016 - 2027 ($Million)
11.4.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
11.5. Rest of Middle East & AFRICA
11.5.1. Market Revenue and Forecast By Type, 2016 - 2027 ($Million)
11.5.2. Market Revenue and Forecast By Crop Type, 2016 - 2027 ($Million)
11.5.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
CHAPTER 12. COMPANY PROFILE
12.1. Nutrien, Ltd.
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Type Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. Yara International Asa, Icl
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Type Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. K+S Aktiengesellschaft
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Type Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. Sociedad Química Y Minera De Chile (SQM)
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Type Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. The Mosaic Company
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Type Portfolio
12.5.5. Key Developments
12.5.6. Strategies
12.6. Eurochem Group
12.6.1. Company Snapshot
12.6.2. Overview
12.6.3. Financial Overview
12.6.4. Type Portfolio
12.6.5. Key Developments
12.6.6. Strategies
12.7. CF Industries Holdings, Inc.
12.7.1. Company Snapshot
12.7.2. Overview
12.7.3. Financial Overview
12.7.4. Type Portfolio
12.7.5. Key Developments
12.7.6. Strategies
12.8. Nufarm
12.8.1. Company Snapshot
12.8.2. Overview
12.8.3. Financial Overview
12.8.4. Type Portfolio
12.8.5. Key Developments
12.8.6. Strategies
12.9. OCI Nitrogen
12.9.1. Company Snapshot
12.9.2. Overview
12.9.3. Financial Overview
12.9.4. Type Portfolio
12.9.5. Key Developments
12.9.6. Strategies
12.10. OCP Group
12.10.1. Company Snapshot
12.10.2. Overview
12.10.3. Financial Overview
12.10.4. Type Portfolio
12.10.5. Key Developments
12.10.6. Strategies
12.11. Others
12.11.1. Company Snapshot
12.11.2. Overview
12.11.3. Financial Overview
12.11.4. Type Portfolio
12.11.5. Key Developments
12.11.6. Strategies
CHAPTER 13. RESEARCH APPROACH
13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope
