Specialty Fertilizers Market Size, Share & Trends Analysis Report By Type (Micronutrient Fertilizers, Slow-Release Fertilizers, Controlled-Release Fertilizers, Customized Fertilizers, Water-Soluble Fertilizers And Others), Crop Type (Pulses And Oilseeds, Grains And Cereals, Commercial Crops, Fruits And Vegetables And Others), By Region, And Segment Forecasts, 2023-2031

Report ID : 1527 | Published : 2023-02-20 | Pages: 180 | Format: PDF/EXCEL

The Global Specialty Fertilizers Market Size is valued at 40.23 billion in 2022 and is predicted to reach 75.27 billion by the year 2031 at an 7.38% CAGR during the forecast period for 2023-2031.

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.

Specialty Fertilizers Market

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.

Recent Developments:

  • In January 2020, Agrosema Comercial Agricola Ltda, a Brazilian agricultural retailer, will be acquired by Nutrien Ltd. This acquisition aims to increase market penetration in South America's traditional or niche fertilizer sector.
  • In June 2019, the specialty fertilizer sector pioneer EuroChem Group AG opened a new fertilizer blending facility in Brazil. The new facility has a storage capacity of 100 KMT and can generate 6,000 tonnes of fertilizer in a single day. 

Competitive Landscape:

Key players in the specialty fertilizers market are:

  • CF Industries Holdings, Inc
  • Coromandel International Limited
  • Deepak Fertilizers
  • EuroChem Group AG
  • ICL Group Ltd.
  • Israel Chemical Ltd.
  • K+S AG
  • Kingenta
  • Nufam
  • Nutiren, LTD.
  • OCI Nitrogen
  • OCP Group
  • Petrochemicals Corporation Limited
  • Sociedad Quimica y Minera de Chile (SQM)
  • SQM SA
  • The Mosaic Company
  • Yara International ASA
  • Zuari Agro Chemicals Ltd. 

Market Segmentation:

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.

Based on type, the water-soluble fertilizers segment is accounted as a major contributor to the specialty fertilizers market

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 segment witnessed growth at a rapid rate.

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 holds a significant revenue share in the region.

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.

Specialty Fertilizers Market Report Scope:

Report Attribute


Market size value in 2022

USD 40.23 billion

Revenue forecast in 2031

USD 75.27 billion

Growth rate CAGR

CAGR of 7.38% from 2023 to 2031

Quantitative units

Representation of revenue in US$ Million and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year


Report coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments covered

Type, Crop Type

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

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

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.

Customization scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and available payment methods

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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, 2019 & 2031
5.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 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, 2019 & 2031
6.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 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) Estimates and Forecasts by Product Type, 2023-2031
7.1.2. North America Specialty Fertilizers Market Revenue (US$ Million) Estimates and Forecasts by Crop Type, 2023-2031
7.1.3. North America Specialty Fertilizers Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

7.2. Europe

7.2.1. Europe Specialty Fertilizers Market revenue (US$ Million) by Product Type, 2023-2031
7.2.2. Europe Specialty Fertilizers Market revenue (US$ Million) by Crop Type, 2023-2031
7.2.3. Europe Specialty Fertilizers Market revenue (US$ Million) by country, 2023-2031

7.3. Asia Pacific

7.3.1. Asia Pacific Specialty Fertilizers Market revenue (US$ Million) by Product Type, 2023-2031
7.3.2. Asia Pacific Specialty Fertilizers Market revenue (US$ Million) by Crop Type, 2023-2031
7.3.3. Asia Pacific Specialty Fertilizers Market revenue (US$ Million) by country, 2023-2031

7.4. Latin America

7.4.1. Latin America Specialty Fertilizers Market revenue (US$ Million) by Product Type, 2023-2031
7.4.2. Latin America Specialty Fertilizers Market revenue (US$ Million) by Crop Type, 2023-2031
7.4.3. Latin America Specialty Fertilizers Market revenue (US$ Million) by country, 2023-2031

7.5. Middle East & Africa

7.5.1. Middle East & Africa Specialty Fertilizers Market revenue (US$ Million) by Product Type, 2023-2031
7.5.2. Middle East & Africa Specialty Fertilizers Market revenue (US$ Million) by Crop Type, 2023-2031
7.5.3. Middle East & Africa Specialty Fertilizers Market revenue (US$ Million) by country, 2023-2031

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

Segmentation of Specialty Fertilizers Market-

Specialty Fertilizers Market By Type

  • Micronutrient Fertilizers
  • Slow Release Fertilizers
  • Controlled Release Fertilizers
  • Customized Fertilizers
  • Water-soluble Fertilizers
  • Others

Specialty Fertilizers Market

Specialty Fertilizers Market By Crop Type

  • Pulses and Oilseeds
  • Grains and Cerals
  • Commercial Crops
  • Fruits and Vegetables
  • Others

Specialty Fertilizers Market By Region-

North America-

  • The US
  • Canada
  • Mexico


  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe


  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and 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:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

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: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

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.

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Specialty Fertilizers Market expected to grow at a 7.38% CAGR during the forecast period for 2023-203

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 Indus

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