Specialty Fertilizers Market by Type (Controlled-release Fertilizer, Water-Soluble Fertilizer, Agricultural Micronutrient, and Customized Fertilizer), by Application Method (Soil, Foliar, and Fertigation), by Crop Type (Row Crops, Fruits & Vegetables, Turf & Ornamentals, and Others), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), by Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), by MEA (Middle East, Africa) Forecast 2024-2032
The Specialty Fertilizers Market size was valued at USD 25.49 USD Billion in 2023 and is projected to reach USD 41.77 USD Billion by 2032, exhibiting a CAGR of 7.31 % during the forecast period. The Specialized Fertilizer Market is undergoing strong growth as the demand for high-efficiency fertilizers gets more intensive. Specially conceived for meeting the precise fertilizer requirements of crops, those fertilizers result in stronger growth, yield and product quality. These can be found in either liquid, granular, or powder form, hence aren’t difficult to use. They also have a slow-release mechanism, which ensures steady nutrient provision over time. Being applied in agriculture, horticulture, and turf management, particular fertilizers comprise controlled-release, water-soluble, and micronutrient fertilizers. By using superior techniques, others improve nutrient retention and reduce environmental impact. The application of speciality fertilizers enhances crop production, quality and yield and also as it minimizes environmental pollution and nutrient loss it contributes to sustainable agriculture and food security.
Type
Application Method
Crop Type
December 2022
February 2022
The market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. North America holds the largest market share, followed by Europe and Asia-Pacific. The Asia-Pacific region is expected to grow at the fastest rate during the forecast period due to the increasing adoption of speciality fertilizers in countries like India, China, and Australia.
Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of % from 2018-2032 |
Segmentation |
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