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Specialty Fertilizers Market Share

Report ID: GMI7138
Published Date: Oct 2023
Report Format: PDF

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Specialty Fertilizers Market Share

Major players operating in the specialty fertilizers industry include:

Nutrien Ltd.
Yara International
The Mosaic Company
ICL Group
K+S Group
EuroChem Group
Haifa Chemicals
Sociedad Química y Minera de Chile (SQM)
Coromandel International Ltd.
Sinochem Group
CF Industries Holdings
Tessenderlo Group
The Andersons, Inc.
OCI Nitrogen
Zuari Agro Chemicals Ltd.

Nutrien Ltd. and Yara International have captured substantial market shares in the Asia pacific market, driven by companies in the Asia-Pacific region, driven by the surging demand for specialty fertilizers products, particularly in China and India. The Asia-Pacific region, the world's largest specialty fertilizers industry, is poised for continued growth due to rapid economic development, urbanization, and increasing demand across industries such as nuclear power, chemicals, ceramics, and aerospace. As leading producers, Nutrien Ltd. and Yara International are well-positioned to cater to this escalating demand in the region.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of specialty fertilizers was worth 25.30 billion in 2023 and is estimated to reach USD 44.7 billion by the end of 2032, due to increasing demand for high-efficiency fertilizers that optimize crop yield and reduce environmental impact.

Cereals & Grains segment held a dominant market share of around 45% in 2022 and is expected to grow at a lucrative pace by 2032, due to the rising global demand for staple crops as specialty fertilizers are tailored to the unique nutrient requirements of cereals & grains for crop yields and quality.

U.S. market size for specialty fertilizers was worth over USD 7 billion in 2022 and is anticipated to expand at a significant pace from 2023 to 2032 as there is a growing trend towards sustainable agriculture and environmental stewardship, leading to increased demand for nutrient-efficient and slow-release fertilizers.

Nutrien Ltd., Yara International, The Mosaic Company, ICL Group, K+S Group, EuroChem Group, Haifa Chemicals, Sociedad Química y Minera de Chile (SQM), Coromandel International Ltd., Sinochem Group, and CF Industries Holdings among others.