According to a new market report published by Lucintel, the future of the specialty fertilizer market looks promising with opportunities in farming of cereals & grains, oilseeds & pulses, and fruits & vegetables. The global specialty fertilizer market is expected to grow with a CAGR of 6% from 2020 to 2025. The major drivers for this market are increasing crop plantation area and growing need for high-efficiency fertilizers.
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Specialty fertilizers are a fast growing and diverse group of products with different characteristics containing one or more of the essential primary, secondary or micro-nutrients. In this market, soil, foliar, and fertigation are the major application methods of specialty fertilizers. Lucintel forecasts that fertigation will remain the largest application method segment over the forecast period, as it requires less labor, time, energy, and water.
Within this market, fruits & vegetables will remain the largest crop type segment over the forecast period due to increasing exports of fruits & vegetables and increasing crop plantation areas.
Asia Pacific will remain the largest region, and it is also expected to witness the highest growth over the forecast period due to increasing agricultural practices and requirement of high quality agricultural produce and growing usage of nitrogenous fertilizers in this region.
Nutrien, Yara International, Israel Chemical, K+S Aktiengesellschaft, Sociedad Química Y Minera De Chile, The Mosaic, EuroChem, CF Industries, OCP, and OCI Nitrogen are among the major suppliers in the global specialty fertilizer market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global specialty fertilizer market by type, application method, crop type, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Specialty Fertilizer Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global specialty fertilizer market by type, application method, crop type, and region as follows:
By Type [Value ($ Million) shipment analysis for 2014 – 2025]:
(UAN (Urea Ammonium Nitrate)
CAN (Calcium Ammonium Nitrate)
MAP (Monoammonium Phosphate)
Potassium Sulfate
Potassium Nitrate
By Application Method [Value ($ Million) shipment analysis for 2014 – 2025]:
By Crop Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Root and Tubors
Citrus Fruits
Brassicus
Others
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This more than 150-pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.