Global Specialty Fertilizers Market Size is valued at USD 26.6 Billion in 2024 and is predicted to reach USD 49.8 Billion by the year 2034 at an 6.6% CAGR during the forecast period for 2025-2034.
Fertilizers used in unique soil and plant conditions are referred to as specialty fertilizers. Specialized fertilizers are used for specialized action in plants to increase production levels. Specialty fertilizers release essential nutrients. The rising demand for high-efficiency fertilizers is a key factor anticipated to propel the growth of the specialty fertilizers market during the forecast period. The consistent application of nutrients is also projected to fuel the market for specialized fertilizers.
Moreover, it is predicted that the market for specialty fertilizers will expand more slowly due to the increased adoption of precision agricultural technology. On the other hand, it is anticipated that the development of the organic fertilizer industry will hamper the expansion of the market for specialty fertilizers.
In addition, as economies continue to advance, there may be more chances for the market for specialty fertilizers to expand in the years to come. However, the market for specialized fertilizers may face further challenges soon due to the rise in nutrient insufficiency and the growing significance of specialty nutrients.
The specialty fertilizers market is segmented on the type and crop type. Based on type, the market is segmented into micronutrient fertilizers, slow-release fertilizers, controlled-release fertilizers, customized fertilizers, water-soluble fertilizers and others. Based on crop type, specialty fertilizers market is segmented into pulses and oilseeds, grains and cereals, commercial crops, fruits and vegetables and others.
The water-soluble fertilizers category grabbed the highest revenue share, and it is anticipated that they will continue to hold that position during the anticipated time. Many farmers are using water-soluble fertilizers due to their effectiveness in improving crop yields' quality and quantity. NPK, potassium nitrate, monopotassium phosphate, monoammonium phosphate, and urea phosphate are commonly used water-soluble fertilizers. Precision agriculture is aided by the growing use of water-soluble fertilizers for foliar feeding and fertigation. Due to the low salt index and high fertilizer use efficiency (almost 80–85%), there is a comparatively foremost demand for water-soluble fertilizers. Farmers are using more and more highly water-soluble fertilizers because they improve crop production and quality metrics and solve problems like nutrient fixation in soil, nutrient immobilization, and nutrient loss due to volatilization, such as nitrogen.
The grains and cereals category is anticipated to grow significantly over the forecast period. Most of the nutrients consumed by humans are thought to be obtained from cereals and grains. Cereals and grains are the main sources of calories and nutrients in many underdeveloped nations. Around the world, the production of cereals and grains has been influenced by various cultural, environmental, economic, and water supply variables. Corn, wheat, rice, barley, and sorghum are the cereals and grains that are most widely produced worldwide.
The Asia Pacific, specialty fertilizers market, is expected to register the highest market share in revenue in the near future due to the expansion of innovation in the agricultural industry. Further, it is projected that in the upcoming years, the market for speciality fertilizers in the region will expand due to the government's increased efforts to promote innovative and formulated fertilizers by providing subsidies. In addition, North America is projected to increase in the global specialty fertilizers market due to the expansion of row crops. During the anticipated term, rising grain prices will also contribute to an increase in the area's specialty fertilizer market.
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Report Attribute |
Specifications |
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Market size value in 2024 |
USD 26.6 Billion |
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Revenue forecast in 2034 |
USD 49.8 Billion |
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Growth rate CAGR |
CAGR of 6.6% from 2025 to 2034 |
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Quantitative units |
Representation of revenue in US$ Mn, Volume (Kiloton) and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments covered |
Type, Crop Type |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
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Competitive Landscape |
Nutiren LTD, Yara International ASA, ICL Group Ltd., K+S AG, Sociedad Quimica y Minera de Chile (SQM), The Mosaic Company, EuroChem Group AG, CF Industries Holdings, Inc, Nufam and OCI Nitrogen. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Specialty Fertilizers Market Snapshot
Chapter 4. Global Specialty Fertilizers Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis
5.1. by Product Type & Market Share, 2024 & 2034
5.2. Market Size Value (US$ Mn) & Volume (KT) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Product Type:
5.2.1. Micronutrient Fertilizers
5.2.2. Slow-Release Fertilizers
5.2.3. Controlled Release Fertilizers
5.2.4. Customized Fertilizers
5.2.5. Water-soluble Fertilizers
5.2.6. Others
Chapter 6. Market Segmentation 2: by Crop Type Estimates & Trend Analysis
6.1. by Crop Type & Market Share, 2024 & 2034
6.2. Market Size Value (US$ Mn) & Volume (KT) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Crop Type:
6.2.1. Pulses and Oilseeds
6.2.2. Grains and Cerals
6.2.3. Commercial Crops
6.2.4. Fruits and Vegetables
6.2.5. Others
Chapter 7. Specialty Fertilizers Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America Specialty Fertilizers Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Product Type, 2021-2034
7.1.2. North America Specialty Fertilizers Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Crop Type, 2021-2034
7.1.3. North America Specialty Fertilizers Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2021-2034
7.2. Europe
7.2.1. Europe Specialty Fertilizers Market Revenue (US$ Million) & Volume (KT) by Product Type, 2021-2034
7.2.2. Europe Specialty Fertilizers Market Revenue (US$ Million) & Volume (KT) by Crop Type, 2021-2034
7.2.3. Europe Specialty Fertilizers Market Revenue (US$ Million) & Volume (KT) by country, 2021-2034
7.3. Asia Pacific
7.3.1. Asia Pacific Specialty Fertilizers Market Revenue (US$ Million) & Volume (KT) by Product Type, 2021-2034
7.3.2. Asia Pacific Specialty Fertilizers Market Revenue (US$ Million) & Volume (KT) by Crop Type, 2021-2034
7.3.3. Asia Pacific Specialty Fertilizers Market Revenue (US$ Million) & Volume (KT) by country, 2021-2034
7.4. Latin America
7.4.1. Latin America Specialty Fertilizers Market Revenue (US$ Million) & Volume (KT) by Product Type, 2021-2034
7.4.2. Latin America Specialty Fertilizers Market Revenue (US$ Million) & Volume (KT) by Crop Type, 2021-2034
7.4.3. Latin America Specialty Fertilizers Market Revenue (US$ Million) & Volume (KT) by country, 2021-2034
7.5. Middle East & Africa
7.5.1. Middle East & Africa Specialty Fertilizers Market Revenue (US$ Million) & Volume (KT) by Product Type, 2021-2034
7.5.2. Middle East & Africa Specialty Fertilizers Market Revenue (US$ Million) & Volume (KT) by Crop Type, 2021-2034
7.5.3. Middle East & Africa Specialty Fertilizers Market Revenue (US$ Million) & Volume (KT) by country, 2021-2034
Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles
8.2.1. CF Industries Holdings, Inc
8.2.2. Coromandel International Limited
8.2.3. Deepak Fertilizers
8.2.4. EuroChem Group AG
8.2.5. ICL Group Ltd.
8.2.6. Israel Chemical Ltd.
8.2.7. K+S AG
8.2.8. Kingenta
8.2.9. Nufam
8.2.10. Nutiren, LTD.
8.2.11. OCI Nitrogen
8.2.12. OCP Group
8.2.13. Petrochemicals Corporation Limited
8.2.14. Sociedad Quimica y Minera de Chile (SQM)
8.2.15. SQM SA
8.2.16. The Mosaic Company
8.2.17. Yara International ASA
8.2.18. Zuari Agro Chemicals Ltd.
8.2.19. Other Prominent Players
Specialty Fertilizers Market By Type
Specialty Fertilizers Market By Crop Type
Specialty Fertilizers Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
