Pune, India, February 15, 2021 (GLOBE NEWSWIRE) – The universe market size special fertilizer ready to recover from the urgent need to support the growth of a wide range of crops and plants using effective fertilizers. This information is provided by Fortune Business Insights ™ in a new report, entitled, “Specific Fertilizer Market Sizes, Proportional Impact Analysis & COVID-19, by Type (controlled dispersed fertilizers, water-soluble fertilizers, agricultural micronutrients, and custom fertilizers), Application Method (Soil, Foliar, and Fertilization), Crop Type (Grains, Pulses & Oilseeds, Fruits & Vegetables, Turf & Ornamentals, etc.), and Regional Projections, 2020 – 2027. The report also states that the size of the market USD 24.26 billion in 2019. It is expected to arrive 39.37 billion USD in 2027, thus exhibiting a CAGR of 6.8% in the projected period.
A list of the leading companies profiled in the global specialty fertilizer market is:
- Mosaic Company (Florida, United States)
- Nutrien Ltd. (Saskatoon, Canada)
- ICL (Tel-Aviv Yafo, Israel)
- Yara International Yara (Oslo, Norway)
- Haifa Chemicals Limited (Haifa, Israel)
- EuroChem AG Group (Switzerland)
- Coromandel International Limited (Secunderabad, India)
- Sociedad Química Y Minera De Chile (Chile)
- PRO Group (Casablanca, Morocco)
- Compo Expert GmbH (Germany)
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COVID-19 Pandemic to Grow Hamper Supported by Halt of Production Processes
The COVID-19 pandemic has adversely affected the production of certain fertilizers by causing their scarcity. Several small and medium-sized enterprises (SMEs) across the globe have halted their production processes. The governments of several countries issue emergency calls to verify the circulation and transportation of agricultural products. This would ensure continued plowing and spring production. Our research reports provide in-depth information about the industry so you can make informed business decisions.
How has this report been improved?
We reference secondary data sources, such as end-user resource press releases, investor presentations, annual reports, and industry journals to gather real-world market information. Our unique bottom-up approach helps generate critical data on the competitive landscape and recent industry developments, such as new product launches, collaborations, agreements, collaborations. initiatives, partnerships, contracts, and construction. We also conduct extensive primary research to gather information on current trends in the specialty fertilizer industry.
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Top Drivers & Barriers-
Increasing soil pollution to Bolster growth
The world’s population is growing day by day. So it emphasizes food security. Special fertilizers are specially made, dense and effective. They can easily improve crop yields by providing great nutrition needed by several plants. In addition, soil pollution and declining arable land would drive the growth of a specific fertilizer market in the coming years. However, the expensive nature of custom and micronutrient fertilizers could hinder the demand for special fertilizers.
Main Section-
Soluble fertilizer in water Segment to Lead Fueled by Compatibility with New Technology
Depending on the type, water soluble fertilizers (WSFs) are expected to remain at the forefront for years to come. This growth is due to the low water requirements and efficient use of modern irrigation technology. The controlled fertilizer sector generated 10.34% of the specific fertilizer market share in 2019.
Regional Views-
North America to stay at the forefront maintained by high demand from the US & Canada
In terms of regionalization, North America maintained USD 7.56 billion in revenue in 2019. It is expected to maintain its prime position soon. The increase in meeting plant nutrition requirements in Canada and the US would drive the demand for specialty fertilizers in the region.
Asia Pacific is expected to have a market share of specialty fertilizers in the coming years. The region is expected to record a CAGR of 7.36% in the coming years. Governments of different countries offer subsidies to encourage the use of certain fertilizers. Coupled with this, the continued development in the agricultural sector, especially in India and China, has added to the demand for these fertilizers.
Key competitive landscape-
Key players focus on Building Strategy to compete in the global market
There are a number of prominent companies in the global market that are strongly focused on competing with their competitors by focusing on the merger and acquisition strategy. A few others are involved in new product development to gain a competitive advantage.
Below are the two latest business developments:
- October 2020: ICL signed an agreement to acquire Fertiláqua by investing around USD 120 million. It would improve the company’s customer base and expand the package of specialized plant nutrition.
- September 2018: Azoty Group bought COMPO EXPERT. The former would help to strengthen its position in the field of agricultural solutions for the benefit of the customers.
Browse TOC Audit Report Summary:
https://www.fortunebusinessinsights.com/industry-reports/specialty-fertilizers-market-100527
Detailed Contents:
- Introduction
- Scope of research
- Market view
- Research Methodology
- Explanations and assumptions
- Government Minutes
- Market dynamics
- Market drivers
- Market barriers
- Market opportunities
- Key views
- Overview of the fertilizer market
- Supply chain analysis
- Business SWOT Analysis
- Recent Business Developments – Policies, Mergers & Acquisitions, and
- Launch of new product
- Market analysis and vision (relationship to COVID-19)
- Market Impact of COVID-19
- Supply chain challenges as a result of the epidemic
- Potential opportunities due to COVID-19
- Global market analysis, vision and forecast, 2016-2027
- Main Findings / Summary
- Market size estimate and forecast
- By type (value)
- Fertilizers under release control
- Soluble fertilizer in water
- Agricultural micronutrients
- Custom Fertilizers
- By Application Method (Value)
- By crop type (value)
- Grains
- Pulses & Oilseeds
- Fruits & vegetables
- Turf & Ornamentals
- Others
- By area (Value)
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- By type (value)
TOC continues…!
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See related research insights:
Market size of water soluble fertilizers, Spread Impact Analysis & COVID-19, by Type (Nitrogenous, Phosphatic, Potassic, and Others), Application (Foliar and Fertilization), Crop Type (Field Crops, Horticulture, Turf & Ornamentals, and others), and Regional Projections, 2020 – 2027
Market size phosphate fertilizer size, Proportion & Industry Analysis, by Type (Diammonium Phosphate, Monoammonium Phosphate, Single Superphosphate, Triple Superphosphate, and others), by Crop Type (Grains, Pulses & Oilseeds, Fruits & Vegetables, and others) , and Regional Outlook, 2019-2026
Market size of nitrogenogenous fertilizers, Proportion & Industry Analysis, by type (Urea, Calcium Ammonium Nitrate, UAN, Ammonium Sulphate, and other nitrogen fertilizers), by crop type (grains, pulses & oilseeds, fruits & vegetables, and turf) & decorations), and regional outlook, 2019 – 2026
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