The global specialty fertilizers market size is expected to reach USD 58.98 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to rising demand for more effective fertilizers to maximize agricultural productivity and crop quality and yield, and to minimize environmental degradation and impact. Rising needs to minimize the use of chemical fertilizers as these cause accumulation of toxic chemicals, damage soil fertility, adversely affect crop productivity and quality, and deplete organic carbon content has been resulting in rising demand for specialty fertilizers. Increasing sustainable farming practices in various countries across the globe is also contributing to steady growth of the specialty fertilizers market.

Furthermore, the report is further updated with the latest market scenario pertaining to the aftereffects of the COVID-19 pandemic. The pandemic has affected every segment of life by inducing financial difficulties and disrupting supply chains, thereby dynamically affecting the business sphere. The report assesses the comprehensive impact of the pandemic on the Specialty Fertilizers market and the key segments of the industry. It also offers a current and future assessment of the impact of the pandemic on the Specialty Fertilizers market.

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Some Key Highlights From the Report

• Fruits and vegetables segment revenue is expected to expand at a rapid CAGR during the forecast period. Specialty fertilizers such as micronutrient fertilizers are increasingly being utilized to enhance quality and quantity of organic fruits and vegetables.
• Asia Pacific registered fastest revenue growth rate as compared to other regional markets in the global specialty fertilizers market in 2020. Increasing government initiatives encouraging adoption of sustainable farming practices to enhance crop productivity and reduce environmental impact is expected to boost growth of the specialty fertilizers market during the forecast period.
• Major players in the market include Nutrien, LTD., Yara International ASA, ICL Group Ltd., K+S AG, Sociedad Química y Minera de Chile (SQM), The Mosaic Company, EuroChem Group AG, CF Industries Holdings, Inc., Nufarm, and OCI Nitrogen.

Specialty Fertilizers Market Segmentation:

Emergen Research has segmented the global specialty fertilizers market on the basis of type, crop type, and region:

• Type Outlook (Revenue, USD Billion; 2018–2028)
  • Micronutrient Fertilizers
  • Slow Release Fertilizers
  • Controlled Release Fertilizers
  • Customized Fertilizers
  • Water-soluble Fertilizers
  • Others
• Crop Type Outlook (Revenue, USD Billion; 2018–2028)
  • Pulses and Oilseeds
  • Grains and Cereals
  • Commercial Crops
  • Fruits and Vegetables
  • Others

Key Geographical Segments:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Exhaustive Analysis of the Competitive Landscape of the Global Specialty Fertilizers Market:

• The global Specialty Fertilizers market report zeroes in on the overall competitive scope of this industry vertical.
• The study provides detailed product information, alongside their specifications and prime applications.
• The study entails various pricing models and profit returns accrued, outlined by the key contenders across the market.
• The report enlists a wide array of strategic initiatives, for example, recent business deals, collaborations, joint ventures, mergers & acquisitions, product launches, and technological upgradation.
• The inference of the report comprises an exhaustive study of the key players of the market.

Table of Content
Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope  
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Specialty Fertilizers Market Segmentation & Impact Analysis
    4.1. Specialty Fertilizers Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
                    4.2.2.1. Increasing need for productivity enhancement
                    4.2.2.2. Rising adoption of precision farming
                    4.2.2.3. Rising need for efficient fertilizers
                    4.2.2.4. Favorable government policies
          4.2.3. Market restraints analysis 
                    4.2.3.1. High price of specialty fertilizers
                    4.2.3.2. Growing trend for organic fertilizer
                    4.2.3.3. Present challenging economic conditions due to the pandemic
    4.3. Technological Insights 
    4.4. Regulatory Framework
    4.5. Porter’s Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

READ MORE…!

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