Specialty Fertilizers Market Scenario
Uniform nutrient application, rising environmental concerns to encourage the adoption of specialty fertilizers and increasing adoption of precision-farming technology are some of the major factors propelling the specialty fertilizers market globally. Furthermore, the need for high-efficiency fertilizers are also some of the factor propelling the growth of specialty fertilizers market. However, growth of the organic fertilizers Industry is one of the major factor expected to hamper the global growth of the specialty fertilizers market.
Specialty Fertilizers Market Segmentation
The specialty fertilizers market is segmented by Type, Technology, Form, Application Method and Geography. Various Types in the specialty fertilizers market are Urea-Ammonium Nitrate (UAN), Calcium Ammonium Nitrate (CAN), Monoammonium Phosphate (MAP), Sulfate of Potash (SOP) (Potassium Sulfate), Potassium Nitrate and Others. Furthermore, the Technology comprises of Coated & Encapsulated, Slow Release Fertilizer, Chelated and N-Stabilizers. Likewise, the Form comprises of Dry and Liquid. In addition, major Application Method of specialty fertilizers market are Fertigation, Foliar and Soil. Based on Geography, the Specialty fertilizers Market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW.
Specialty Fertilizers Market by Geography
Geographically, the specialty fertilizers market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW. APAC accounts for the largest market share in the specialty fertilizers industry. India and China, two of the largest countries in terms of population are majorly contributing to the growth of specialty fertilizers industry in this region. China is holding the major share in specialty fertilizers market followed by India in Asia Pacific.
Specialty Fertilizers Market Key Players
Some of the major players operating in the global specialty fertilizers market includes Nutrien, Ltd., Yara International Asa, Icl, K+S Aktiengesellschaft, Sociedad Química Y Minera De Chile (SQM), The Mosaic Company, Eurochem Group, CF Industries Holdings, Inc., Nufarm, OCI Nitrogen, OCP Group, Coromandel International Limited, Deepak Fertilizers and Petrochemicals Corporation Limited, Kugler, Haifa Group, Compo Expert GmbH, Wilbur-Ellis Company LLC, Brandt, Agroliquid and Plant Food Company, Inc.. These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the specialty fertilizers industry.
Specialty Fertilizers Market Report Key Benefits