Specialty Fertilizers Market – Industry Size, Development Strategy, Historical Analysis

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.

The impact of the COVID-19 pandemic has been observed across all the sectors in all the industries. The economic landscape has been dynamically altered owing to the crisis, and a change in the demands and trends has also been observed. The report studies the impact of COVID-19 on the market and analyses the key changes in the trends and growth patterns. It also provides an estimation of the current and future impact of COVID-19 on the overall growth of the industry.

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Some Key Highlights From the Report

· In February 2020, ICL, which is a leading special chemicals and specialty minerals company announced the acquisition of Growers Holdings, Inc., which is an innovator in the field of process and data-driven farming. With this acquisition, ICL will further enhance its digital service offering and accelerate its global development road map.

· 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)

o Micronutrient Fertilizers

o Slow Release Fertilizers

o Controlled Release Fertilizers

o Customized Fertilizers

o Water-soluble Fertilizers

o Others

· Crop Type Outlook (Revenue, USD Billion; 2018–2028)

o Pulses and Oilseeds

o Grains and Cereals

o Commercial Crops

o Fruits and Vegetables

o 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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Key Benefits of the Global Specialty Fertilizers Market Report:

· Comprehensive analysis of the changing competitive landscape

· Assists in decision making processes for the businesses along with detailed strategic planning methodologies

· The report offers an 8-year forecast estimation and assessment of the Global Specialty Fertilizers Market

· Helps in understanding the key product segments and their estimated growth rate

· In-depth analysis of market drivers, restraints, trends, and opportunities

· Comprehensive regional analysis of the Global Specialty Fertilizers Market

· Extensive profiling of the key stakeholders of the business sphere

· Detailed analysis of the factors influencing the growth of the Global Specialty Fertilizers 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

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