The Global Specialty Fertilizers Market Report is a compilation of comprehensive research studies of various aspects of the Specialty Fertilizers Market. With accurate data and highly authentic information, a brilliant attempt is made to paint a true, transparent picture of the current and future situations of the global Specialty Fertilizers market. Market participants can use this powerful tool when creating effective business plans or making major changes to their strategies. The report discusses the growth of the global as well as regional markets. It also throws light on high-growth segments of the global Specialty Fertilizers market and how they will evolve in the years to come.
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In terms of revenue, the specialty fertilizers market was valued at US$ 16.05 Bn in 2022 and is expected to reach US$ 22.15 Bn by 2030.. Key Players: PotashCorp, The Mosaic Company, EuroChem, CF Industries, Agrium Inc., Israel Chemicals Limited, Coromandel International Limited, Haifa Chemicals ltd., Sinochem Corporation, Sociedad Quimica Y Minera S.A., and Tessenderlo Group, among others.
Specialty fertilizers are the granular fertilizers which enhances the quality of available plant supplements and the chemical and physical attributes of the soil, which directly or indirectly aids in the plant growth, yield, and quality. Specialty fertilizers are successfully used in vegetable crops with well-developed root system and the soil application of the fertilizers effect on rapid improvement of plant nutrition. They are considered as a source of nutrients after plant growth regulators, herbicides and pesticides to achieve crop productivity. Specialty fertilizers restrict the amount of moisture contact and help gradually release fertilizer nutrients, usually over a few weeks or a few months. Three main soil supplements required are nitrogen (N), phosphorus (P) and potassium (K). These fertilizer components help in increasing the sturdiness and quality of the horticultural land.
Growing acceptance of modern farming is adding to the development of the market. The market participants are putting resources into research and development, which is further boosting the development of the entire industry. The various initiatives taken by the government of different countries also assists the overall specialty fertilizers market.
It has been reported that the demand for the overall market is expected to witness high growth as compared to conventional fertilizers. Specialty fertilizers require less labor, and provide consistent nutrients to plants. The nutrients are absorbed by the plants in an adequate amount and thus, the nutrients are utilized by the plants completely. The risk of loss associated with the traditional fertilizers are higher and is available in excess quantity. However, specialty fertilizers are expensive as compared to the conventional products and have a limited use in the mainstream agriculture. This can impact the growth of the total market growth critically over the future years.
The demand for the specialty fertilizers market keeps on developing as they turn out to be an efficient alternative to regular manures on account of their low impact on the ecosystem, resource-saving, and labor-saving qualities. In addition, rising urban green spaces coupled with high-quality horticultural products along with sporting and recreational arenas especially require special fertilizers to protect the environment. Such factors has not only aided the global market in recent past but is also anticipated to follow a similar trend over the forecast period.
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Specialty Fertilizers Market By Application (Water Soluble Fertilizers, Slow & Controlled Released Fertilizers, Micronutrient & Secondary Nutrient Fertilizers, Bio-Stimulant Fertilizers, Stabilized Fertilizers); By Crop Type (Cereals & Oilseeds, Fruits & Vegetables, Turfs & Ornamentals, Others); By Regional Outlook (U.S., Rest Of North America, France, UK, Germany, Spain, Italy, Rest Of Europe, China, Japan, India, Southeast Asia, Rest Of Asia Pacific, GCC Countries, Southern Africa, Rest Of MEA, Brazil, Rest Of Latin America) – Global Insights, Industry Trends, Price Trends, Growth, Size, Supply, Demand, Comparative Analysis, Competitive Market Share And Forecast, 2022-2030
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