Effective utilization of fertilizers drives the growth of global specialty fertilizers market in the forecast period.  

The global specialty fertilizers market is anticipated to grow at a formidable CAGR during the forecast period, 2023-2027. Technological advancements in 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, 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 are also fueling the demand for specialty fertilizers. Furthermore, increasing innovation in crop nutrition industry and high demand for high-efficiency nutrition products for crop growth are 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 global specialty fertilizers market. Market players are increasingly investing to develop new products that are safer and efficient, which is expected to drive the growth of the global specialty fertilizers market in the coming years. The increased environment consciousness has led to a greater adoption of organic fertilizers to enhance crop growth and protect crops against environmental harms, 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 low rate of adoption of controlled-release technology might hinder the growth of the global specialty fertilizer market. Besides, farmers reply on conventional fertilizers due to their belief in high crop returns, which discourages farmers to adopt specialty fertilizers, which could pose a challenge for the global specialty fertilizers market growth.

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 & vegetables segment is expected to register the fastest growth in the global specialty fertilizers market owing to 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.

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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.

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Report Scope:

In this report, global specialty fertilizers market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Specialty Fertilizers Market, By Crop Type:
Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Turf & Ornamentals
Others
Specialty Fertilizers Market, By Form:
Dry
Liquid
Specialty Fertilizers Market, By Mode of Application:
Foliar
Fertigation
Soil
Specialty Fertilizers Market, By Technology:
Slow-Release
N-Stabilizers
Coated & Encapsulated
Chelated
Others
Specialty Fertilizers Market, By Region:
North America
United States
Mexico
Canada
Europe
France
Germany
United Kingdom
Italy
Spain
Asia-Pacific
China
India
Japan
South Korea
Australia
Middle East & Africa
South Africa
Saudi Arabia
UAE
Kuwait
South America
Brazil
Argentina
Colombia

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of global specialty fertilizers market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

Global specialty fertilizers service provider companies/partners
Suppliers/Distributers
End-Users
Government bodies such as regulating authorities and policy makers
Organizations, industry associations, forums and alliances related to global specialty fertilizers market

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, partners, end users, etc. besides allowing them in strategizing investments and capitalizing on market opportunities.

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