Specialty fertilizers refer to the full water soluble-solid and have a high content of primary nutrients with a low salt index. Speciality fertilizers are fast-growing and diverse group of products with different characteristics with one or more essential primary, secondary, or micronutrients.

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The factors driving the growth of the global speciality fertilizer market include the increasing demand for high-efficiency fertilizers, adoption of precision farming, and protected agriculture. Additionally, the growing adoption of tailored fertilizer products to address specific crop nutrition requirements is another factor that is creating various opportunities for the growth of the market in the coming years. The speciality fertilizer market is growing at a significant rate, driven by the surging demand for high-efficiency nutrition products at the global level.

The increasing requirement for effective fertilizers to support a variety of plant and crop growth is accelerating the demand for innovative agricultural solutions such as speciality fertilizers. The leading organizations and governments of the developing economies are emphasizing on cutting down the production cost and retail price of these fertilizers in order to make it available for farmers having different economic abilities. Furthermore, the increasing rate of the global population has surged the demand for food, which in turn, is encouraging the farmers to opt for highly-efficient, concentrated, and tailor-made fertilizers to improve the crop yield. On the other edge of the spectrum, the high cost of certain speciality fertilizers, such as micronutrient fertilizers and customized fertilizers is a major factor that will hamper the growth of the market in the coming years. 

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Based on the type, urea-ammonium nitrate segment is anticipated to grow at a higher CAGR during the forecast period. The urea-ammonium nitrate is considered to be an excellent fertilizer for cereal production and irrigated plant cultivation. Moreover, the increasing usage of UAN as a source of nitrogen for plant nutrition is another factor that is boosting the demand of the segment. The UAN is often used before ploughing the field area and helps in improving its degradation.

On the basis of application method, the fertigation segment is projected to witness a faster CAGR in the specialty fertilizer market during the forecast period. Fertigation is an agricultural technique, which includes water and fertilizer application through irrigation. This process provides an opportunity to maximize the yield and minimize environmental pollution. Moreover, through fertigation, a farmer can uniformly apply nutrients throughout the field, whenever required. This mode of application is gaining importance due to its high reliability and efficiency. All these factors are contributing to the growth of the segment in the market.

Based on the crop type, the fruits & vegetable segment is anticipated to grow at a higher CAGR in the specialty fertilizer market during the forecast period. The emerging trend of consuming fruits is a key driver that is boosting the growth of the segment. According to FAO, China is the largest producer of fresh fruits and vegetables and has surpassed the production and growth of the US and India in 2018. The growing exports of fruits & vegetables have led to an increase in the crop plantation area, which has resulted in a rise in their production levels. These factors are responsible for the growth of the segment during the forecast period.

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Based on the region, the Asia-Pacific region is anticipated to lead the speciality fertilizers market during the forecast period. The increasing demand for various crops in the Asia Pacific regions is driving the growth of the market in this region. Moreover, the growing agricultural practices and requirements of high-quality farm produce are projected to drive the growth of nitrogenous fertilizers in this region. Major crops produced in Asia include rice, sugar beet, fruits & vegetables, cereals, and grains and the Asian countries consume 90% of the global rice produced. Countries such as Korea, China, Japan, and recently Vietnam are applying nitrogenous fertilizers per hectare for both short-term and perennial crops. Hence, the demand for specialty fertilizers is high in the region, which in turn, is supporting the market growth in this region.  

Various notable players operating in the market include Nutrien, Ltd., Yara International ASA, Israel Chemical Ltd., K+S Aktiengesellschaft, Sociedad Química Y Minera De Chile (SQM), The Mosaic Company, EuroChem Group, CF Industries Holdings, Inc., OCP Group, and OCI Nitrogen, among others. 

Key Developments: 

• • In September 2019, Nutrien, Ltd. acquired Ruralco Holdings Limited (Ruralco) in Australia. Through this acquisition, Nutrien provided significant benefits to its stakeholders and enhanced the delivery of its products and services to the Australian farmers.
  • In June 2019, EuroChem Group expanded its fertilizer production facility by opening a third new fertilizer blending plant in Brazil. The production center has a new 27,000 m2 facility at Araguari in Minas Gerais, which was another step in the continued expansion of EuroChem’s subsidiary, Fertilizantes Tocantins (FTO). It is a significant fertilizer distribution business in Brazil.s

The global Speciality Fertilizer market has been segmented on the basis of technology, type, crop type, application method, form, and key regions. Based on technology, the market is segmented into slow release fertilizers, coated & encapsulated, N-stabilizers, and chelated. Based on type, the market is segmented into Calcium Ammonium Nitrate (CAN), Urea-Ammonium Nitrate (UAN), Sulfate of Potash (SOP), Monoammonium Phosphate (MAP), potassium nitrate, and others.  Based on crop type, the market is segmented into oilseeds & pulses, cereals & grains, turf & ornamentals, fruits & vegetables, and others. The oilseeds & pulses segment is further categorized into canola, soyabean, and others. The cereals & grains segment is further categorized into wheat, rice, corn, and others. The fruits & vegetables segment is further categorized into citrus fruits, roots & tubers, brassicas, and others. Based on application method, the market is segmented soil, foliar, and fertigation. Based on the form, the market is segmented into dry and liquid. 

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Key questions answered in this research report:

• • At what pace is global Speciality Fertilizer market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Speciality Fertilizer market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Speciality Fertilizer market?
  • Which crop type generated maximum revenues in 2019 and identify the most promising crop type during the forecast period?
  • What are the various technologies of global Speciality Fertilizer market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Technology, By Type, By Crop Type, By Application Method, By Form, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Nutrien, Ltd., Yara International ASA, Israel Chemical Ltd., K+S Aktiengesellschaft, Sociedad Química Y Minera De Chile (SQM), The Mosaic Company, EuroChem Group, CF Industries Holdings, Inc., OCP Group, and OCI Nitrogen, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Speciality Fertilizer Market by Technology

• • Slow-Release Fertilizers
  • Coated & Encapsulated
  • N-Stabilizers
  • Chelated

Global Speciality Fertilizer Market by Type

• • Calcium Ammonium Nitrate (CAN)
  • Urea-Ammonium Nitrate (UAN)
  • Sulfate of Potash (SOP)
  • Monoammonium Phosphate (MAP)
  • Potassium Nitrate
  • Others

Global Speciality Fertilizer Market by Crop Type

• • OilSeeds & Pulses
    • Canola
    • Soyabean
    • Others
  • Cereals & Grains
    • Wheat
    • Rice
    • Corn
    • Others
  • Turf & Ornamentals
  • Fruits & Vegetables
    • Citrus fruits
    • Roots & tubers
    • Brassicas
    • Others
  • Others

Global Speciality Fertilizer Market by Application Method

• • Soil
  • Foliar
  • Fertigation

Global Speciality Fertilizer Market by Form

• • Dry
  • Liquid

Global Speciality Fertilizer Market by Region

• • North America Speciality Fertilizer Market (Option 1: As a part of the free 25% customization)
    • North America Speciality Fertilizer Market by Technology
    • North America Speciality Fertilizer Market by Type
    • North America Speciality Fertilizer Market by Crop Type
    • North America Speciality Fertilizer Market by Application Method
    • North America Speciality Fertilizer Market by Form
    • US Speciality Fertilizer Market All-Up
    • Canada Speciality Fertilizer Market All-Up
  • Europe Speciality Fertilizer Market (Option 2: As a part of the free 25% customization)
    • Europe Speciality Fertilizer Market by Technology
    • Europe Speciality Fertilizer Market by Type
    • Europe Speciality Fertilizer Market by Crop Type
    • Europe Speciality Fertilizer Market by Application Method
    • Europe Speciality Fertilizer Market by Form
    • UK Speciality Fertilizer Market All-Up
    • Germany Speciality Fertilizer Market All-Up
    • France Speciality Fertilizer Market All-Up
    • Spain Speciality Fertilizer Market All-Up
    • Rest of Europe Speciality Fertilizer Market All-Up
  • Asia-Pacific Speciality Fertilizer Market (Option 3: As a part of the free 25% customization)

• • • Asia-Pacific Speciality Fertilizer Market by Technology
    • Asia-Pacific Speciality Fertilizer Market by Type
    • Asia-Pacific Speciality Fertilizer Market by Crop Type
    • Asia-Pacific Speciality Fertilizer Market by Application Method
    • Asia-Pacific Speciality Fertilizer Market by Form
    • China Speciality Fertilizer Market All-Up
    • India Speciality Fertilizer Market All-Up
    • Japan Speciality Fertilizer Market All-Up
    • Rest of APAC Speciality Fertilizer Market All-Up

• • RoW Speciality Fertilizer Market (Option 4: As a part of the free 25% customization)

• • • RoW Speciality Fertilizer Market by Technology
    • RoW Speciality Fertilizer Market by Type
    • RoW Speciality Fertilizer Market by Crop Type
    • RoW Speciality Fertilizer Market by Application Method
    • RoW Speciality Fertilizer Market by Form
    • Brazil Speciality Fertilizer Market All-Up
    • South Africa Speciality Fertilizer Market All-Up
    • Saudi Arabia Speciality Fertilizer Market All-Up
    • UAE Speciality Fertilizer Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Speciality Fertilizer Market All-Up

Major Players Operating in the Speciality Fertilizer Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Nutrien Ltd.
  • Yara International ASA
  • Israel Chemical Ltd.
  • K+S Aktiengesellschaft
  • Sociedad Química Y Minera De Chile (SQM)
  • The Mosaic Company
  • EuroChem Group
  • CF Industries Holdings, Inc.
  • OCP Group
  • OCI Nitrogen