Specialty Fertilizers Market by Type, Application Method, Crop Type, and Region - Global Forecast to 2025

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MarketsandMarkets Presents
Specialty Fertilizers Market - Forecast to 2025
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pecialty-fertilizer-market-57479139.html
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The report "Specialty Fertilizers Market by Type
(UAN, CAN, MAP, Potassium Sulfate, and Potassium
Nitrate), Application Method (Soil, Foliar, and
Fertigation), Form (Dry and Liquid), Crop Type,
Technology, and Region - Global Forecast to
2025" The global specialty fertilizers market is
estimated to be valued at USD 36.1 billion in
2019 and is projected to reach a value of USD
52.4 billion by 2025, growing at a CAGR of 6.4
during the forecast period. Factors such as the
rise in demand for high-efficiency fertilizers
and an increase in crop varieties are projected
to drive the growth of the specialty fertilizers
market. Browse 109 Market Data Tables and 50
Figures spread through 220 Pages and in-depth TOC
on "Specialty Fertilizers Market Global
Forecast to 2025 South America is projected to
grow at the highest CAGR during the forecast
period. The market for specialty fertilizers in
the South America region is projected to grow at
the highest CAGR from 2019 to 2025. According to
FAOSTAT, Brazil is the largest producer of
agricultural products due to the availability of
abundant land and rural labor force, followed by
Argentina. The growth in South America is majorly
attributed to the increase in the adoption of
agrochemicals and advancements in farming
techniques in Brazil and Argentina with
distribution channels established by global
agrochemical players. Due to these factors, the
market in the South America region is projected
to record the highest growth from 2019 to
2025. Download PDF Brochure https//www.markets
andmarkets.com/pdfdownloadNew.asp?id57479139
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• Report Objectives
• To define, segment, and project the global market
  size of the specialty fertilizers market.
• To understand the specialty fertilizers market by
  identifying its various subsegments
• To provide detailed information about the key
  factors influencing the growth of the market
  (drivers, restraints, opportunities, and
  industry-specific challenges)
• To analyze the micromarkets with respect to
  individual growth trends, future prospects, and
  their contribution to the total market
• To project the size of the market and its
  submarkets, in terms of value, with respect to
  the regions (along with their respective key
  countries)
• To profile the key players and comprehensively
  analyze their core competencies.
• To understand the competitive landscape and
  identify major growth strategies adopted by
  players across key regions.
• To analyze the competitive developments such as
  expansions investments, mergers acquisitions,
  new product launches, partnerships, joint
  ventures, collaborations, divestments,
  disinvestments, and agreements.
• Key Market Players
• Key players in this market include Nutrien, Ltd.
  (Canada), Yara International ASA (Norway), Israel
  Chemical Ltd. (Israel), KS Aktiengesellschaft
  (Germany), Sociedad Química y Minera de Chile
  (SQM) (Chile), The Mosaic Company (US), and
  EuroChem Group (Switzerland).
• Make an Inquiry https//www.marketsandmarkets.com
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By crop type, the fruits vegetables segment is
projected to be the fastest-growing segment in
the specialty fertilizers market during the
forecast period. The trend of consuming fruits
has witnessed a growth in the past two decades,
and this trend is projected to continue in the
coming years. According to the FAO, China is the
largest producer of fresh fruits and vegetables,
which has surpassed the production and growth in
the US and India in 2018. The increasing exports
of fruits vegetables have also led to an
increase in the crop plantation area, which has
resulted in a rise in their production levels.
Hence, the specialty fertilizers market for
fruits vegetables is projected to witness
significant growth. By application method, the
fertigation segment is projected to be the
fastest-growing segment in the specialty
fertilizers market during the forecast
period. Fertigation is an agricultural
technique, which includes water and fertilizer
application through irrigation. This process
provides an opportunity to maximize the yield and
minimize environmental pollution. Moreover,
through fertigation, a farmer can uniformly apply
nutrients throughout the field, whenever
required. This market is projected to grow due to
the adoption of efficient irrigation systems
globally.  The advantage of fertigation is that
it requires less labor, time, energy, and water.
This mode of application is gaining importance
due to its reliability and efficacy. However, to
get the desired results using this method, proper
knowledge of the system and efficient management
are required. Fertigation is used in fields of
row crops, horticultural crops, fruit crops,
vegetable crops, and ornamental flowering
crops. Speak to Analyst https//www.marketsandm
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• Recent Developments
• In September 2019, Nutrien, Ltd. acquired Ruralco
  Holdings Limited (Ruralco) in Australia. Through
  this acquisition, Nutrien would be able to
  provide significant benefits to its stakeholders,
  as well as enhance the delivery of its products
  and services to the Australian farmers.
• In June 2019, EuroChem Group expanded its
  fertilizer production facility by opening a third
  new fertilizer blending plant in Brazil. This
  production center was a new 27,000 m2 facility at
  Araguari in Minas Gerais, which was another step
  in the continued expansion of EuroChems
  subsidiary, Fertilizantes Tocantins (FTO). It is
  a major fertilizer distribution business in
  Brazil.
• In March 2019, Yara International ASA launched
  Yaralix, a tool for precision farming, allowing
  the farmers to measure crop nitrogen requirements
  using their smartphones. The system consisted of
  a free-to-download-app that was designed to use
  the smartphone camera to determine nitrogen
  requirements for different crops in the early
  growth stages.
• Key questions addressed by the report
• What are the new application areas for the
  specialty fertilizers market that companies are
  exploring?
• What kind of competitors and stakeholders would
  be interested in this market? What will be their
  go-to-market strategy, and which emerging market
  will be of significant interest?
• How are the current RD activities and MAs in
  the specialty fertilizers market projected to
  create a disrupting environment in the coming
  years?
• Customization on this Report https//www.marketsa
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  139

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