Agriculture Market 2019 - By Future Growth, Trends Plans, Top Key Players, Business Opportunities, Region, Pricing Analysis, Opportunities and Forecast to 2023

The Specialty Fertilizers Market Report 2019-2023 focuses on the global Specialty Fertilizers status, future forecast, growth opportunity, key market, and key players. 

The Specialty Fertilizers Market report studies the global market size of Specialty Fertilizers in key regions like North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa focuses on the consumption of Specialty Fertilizers in these regions. This research report categorizes the global Specialty Fertilizers market by players/brands, region, type, and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porter’s Five Forces Analysis.

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The various contributors involved in the value chain of Specialty Fertilizers include manufacturers, suppliers, distributors, intermediaries, and customers.

The Key Players covered in this study:-

• AGRIUM INC.
• ART WILSON CO.
• ATLANTIC GOLD CORP
• BEHN MEYER
• BOREALIS
• BRANDT
• CLARIANT
• COROMANDEL FERTILIZERS
• EVER GROW
• EVERRIS FERTILIZERS
• HAIFA CHEMICALS
• HELENA CHEMICAL
• HELIOS PRODOTTI & TECNOLOGIE
• HONEYWELL
• ICL FERTILIZERS
• ISRAEL CHEMICAL LIMITED
• ITALPOLLINA
• MOSAIC COMPANY
• SINOCHEM GROUP
• SOCIEDAD QUIMICA Y MINERA
• YARA INTERNATIONAL

Overview of Specialty Fertilizers Market Research Report 2019-2023:-

The global market for specialty fertilizers was estimated at USD 14.9 billion in 2016 and is expected to register a CAGR of 7.5% during the forecast period. Water-soluble fertilizers are considered the fastest growing segment while slow and controlled release fertilizers constitute a major portion of the market. North America is the largest market by revenue, followed by Asia-Pacific and Europe. Asia-Pacific is the fastest growing market due to growing prevalence of crop diseases, increasing population, rising health, environmental concerns, growing focus of market players, and increasing government initiatives.

Decreasing Land Availability and Increasing Demand for Higher Yield Driving the Market
With a decline in arable land per-person and population expansion, crop-yields need to be increased to meet the food production requirements, thus, driving the demand for specialty fertilizers. Technology is also expected to continue playing a major role in this progress. Use of specialty fertilizers helps in reducing the usage of nitrogen by 15-20% and increases the yield by 10-15%. Specialty fertilizers help in reducing the possible loss of nutrients, and help in the uptake of nutrients by gradual nutrient release and therefore, they are being increasingly adopted.

North America Dominates the Market
The North American region accounts for the largest market share of the global specialty fertilizers market, with the US being its fastest-growing country-level market. From the beginning, specialty fertilizers’ high cost with respect to other N fertilizers has constrained their utilization in large-scale production of commodity crops such as corn, sorghum, wheat, and canola. However, they are commonly used in specialty, high value crops such as vegetables, orchards, nurseries, seed production, etc. Today, their use is limited but increasing in row crops, primarily due to higher grain prices, environmental concerns and regulations. Many players in the US are well-established and are the market leaders in specialty fertilizers. Major companies such as Agrium Inc. and the Scotts Company are considered the major producers of specialty fertilizers in North America.

Major Players: YARA INTERNATIONAL, AGRIUM INC., MOSAIC COMPANY, ICL FERTILIZERS, ISRAEL CHEMICAL LIMITED, AND HONEYWELL, among others.

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