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Specialty Fertilizers Market Trends

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

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Specialty Fertilizers Market Trends

Current trends, including a shift towards bespoke nutrient formulations to improve crop yields while minimizing environmental impact in the specialty fertilizers industry. The change in this direction comes about due to rising sustainability consciousness and for more accuracy through modernization of agricultural practices. Moreover, there is increased use of sophisticated nutrients such as slow-release fertilizers and micronutrant products. Market dynamics are also being impacted in terms of sustainability concern and change of regulations as eco-friendly alternatives increase visibility.

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 Qu