Market Overview:

Speciality fertilizers are blended with the soil prior to sowing. These fertilizers release essential

nutrients and control the amount of moisture contact. In addition to that, speciality fertilizers

improve the uptake of nutrients, minimizes possible loss of nutrient, and reduce the toxicity

caused owing to high ionic concentration. They enhance the intake of pesticide and acts as

binding agents to prevent leaching. Different speciality fertilizers include potassium sulfate,

DAP, phosphoric acid, mono-ammonium phosphate, UAN, potassium nitrate, ammonium

nitrate, monopotassium phosphate, calcium nitrate, urea, potassium chloride, and ammonium

sulfate. The world speciality fertilizers market was valued USD 17.33 billion in 2018 and

expected to be growing at a CAGR of 7.5%, to reach USD 24.88 billion by 2023.

Market drivers and restraints:

Sustainable agriculture practices are gaining popularity across the globe; the focus is on reducing

the price of farming in order to meet environmental safety measures, all these factors are

boosting the market growth. The market is growing owing to the rising advantages of these

fertilizers over the traditional fertilizers. These fertilizers constantly assist in providing nutrients

to plants, they are more efficient and it also helps in minimizing the labour. The nutrients

released by these fertilizers are in sufficient amounts and are completely absorbed by the

plants. The utilization of speciality fertilizers is restricted in mainstream agriculture and they are

expensive, these factors are mainly restraining the growth of the market.

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Report segmented as:

By type:

Urea

potassium nitrate

ammonium nitrate

mono ammonium phosphate

UAN

monopotassium phosphate

potassium sulfate

phosphoric acid

potassium chloride

others

By crop type:

fruits & vegetables

cereals & oilseeds

turf & ornamentals

Others

Geographical analysis:

Regionally, the speciality fertilizers market is segregated into North America, Europe, Asia-

Pacific, Latin America, and the Middle East & Africa. The majority of the market share is held by

the North America region, which is followed by Asia-Pacific and Western Europe. The U.S. is the

quickest growing region for speciality fertilizers in North America.

Important market players:

Key market players leading the speciality fertilizers market are Agrium Inc., Yara International

ASA, Sociedad Quimica Y Minera S.A., and Haifa Chemicals. Other influencing players include

Mosaic Company, Sinochem Group, and Potash Corporation of Saskatchewan Inc.

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Fertilizers-Market/request-sample

The Scope of the report:

This report offers the current product and services market evaluation and the future estimation

of the market. It helps us understand the market better through size anticipation and CAGR

calculation to estimate the next market. It has a broader segmentation for better

understanding of the enterprising of the market at a low level by segregating the market into

smaller sectors.

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