What is the Historical Analysis of the Specialty Fertilizers Market Size?
The specialty fertilizers market has seen considerable growth due to a variety of factors.
• Over the past few years, there has been a significant increase in the specialty fertilizers market size. This market is expected to expand from $30.4 billion in 2024 to $32.51 billion in 2025, with a compound annual growth rate (CAGR) of 6.9%.
Factors contributing to this growth during the historical period include a consciousness of soil health, efforts to optimize crop yield, government assistance and subsidies, a transition to precision agriculture, the spread of horticulture and floriculture sectors, and concerns about environmental sustainability.
What Are the Future Growth Projections for the Specialty Fertilizers Market?
The specialty fertilizers market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the specialty fertilizers market is predicted to experience significant expansion. The market value is projected to reach $43.34 billion by 2029, with a compound annual growth rate (CAGR) of 7.5%.
The expected growth during this forecast period is due to factors including population growth, concerns regarding food safety, focus on environmentally friendly farming methods, adaptation to climate change, and the increase in organic farming. The entry of new competitors into the market also contributes to this growth. The forecast period also anticipates trends such as investment in research and development, precision agriculture technologies, evolutionary leaps in fertilizer production, increased desire for controlled-release fertilizers, and customized fertilizer mixtures.
What Are The Essential Drivers Behind The Growth Of The Specialty Fertilizers Market?
The upswing in the requirement for farming products is anticipated to boost the specialty fertilizers market's growth. Farming commodities are items that are cultivated, gathered, or reared on agricultural land or farms. The escalating requirement for food and other farming goods can be attributed to the surging global population. To enhance their production levels using crucial nutrients, plants are treated with specialized activity through specialty fertilizers. For instance, a report released by the Organization for Economic Co-operation and Development, an intergovernmental organization based in France, posited in June 2022 that agricultural productivity would need to surge by 28% within the next decade to reach the zero-hunger goal. Moreover, global crop yield is projected to rise by 87% come 2030. Hence, the upswing in the demand for farming goods is fueling the expansion of the specialty fertilizers market.
What Are The Major Segments Within The Specialty Fertilizers Market?
The specialty fertilizers market covered in this report is segmented –
1) By Type: Controlled Release Fertilizers, Water Soluble Fertilizers, Agricultural Micronutrients, Customized Fertilizers
2) By Crop: Cereals, Pulses And Oil Seeds, Fruits And Vegetables, Trufs And Ornamentals, Other Crops
3) By Form: Dry, Liquid
4) By Technology: Slow-Release, N-Stabilizers, Coated And Encapsulated, Chelated
5) By Application: Soil, Foliar, Fertigation
Subsegments:
1) By Controlled Release Fertilizers: Coated Fertilizers, Encapsulated Fertilizers
2) By Water Soluble Fertilizers: Nitrogen-Phosphorus-Potassium (NPK) Solutions: Specialty Nutrient Solutions (Calcium, Magnesium), Foliar Fertilizers
3) By Agricultural Micronutrients: Boron, Zinc, Iron, Manganese
4) By Customized Fertilizers: Blended Fertilizers, Tailored Nutrient Solutions, Fertilizers For Specific Crop Requirements
Pre-Book The Specialty Fertilizers Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
Which Trends Are Expected To Transform The Specialty Fertilizers Market?
The progress in technology is a prevailing trend gaining traction in the specialty fertilizers market. To maintain their market standing, companies in the specialty fertilizers market are embracing novel technologies. For example, in September 2022, ICL Specialty Fertilizers, a chemical business from Israel that manufactures sustainable nutritional and plant protection solutions, launched Biodegradable Controlled Release Fertilizer (CRF) Technology for urea coating. This technology promotes enhanced yields using smaller amounts of fertilizer.
Who Are the Key Players in the Specialty Fertilizers Market?
Major companies operating in the specialty fertilizers market include:
• Koch Industries Inc.
• Nutrien Ltd.
• Yara International ASA
• The Mosaic Company
• CF Industries Holdings Inc.
• The OCP Group
• EuroChem Group
• Sociedad Quimica y Minera SA
• Israel Chemicals Ltd.
• J.R. Simplot Company
• K+S Aktiengesellschaft
• Wilbur-Ellis Company
• Nufarm Canada
• Coromandel International Limited
• Arab Potash Company
• Haldor Topsoe A/S
• Compo Expert GmbH
• Sinochem Group
• Valagro S.p.A.
• Haifa Group
• Helena Agri-Enterprises LLC
• Miller Chemical & Fertilizer LLC
• Kugler Company
• Suståne Natural Fertilizer Inc.
• Van Iperen International
• Greenway Biotech Inc.
• Daymsa
• Sapec Agro S.A.
• Rural Liquid Fertilisers
What Is The Most Dominant Region In The Specialty Fertilizers Market?
North America was the largest region in the specialty fertilizers market in 2024. The regions covered in the specialty fertilizers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
