The "Specialty Fertilizer Market, Size, Global Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Crop, Type, Countries, Mode of Application, Swot, Companies Analysis" report has been added to ResearchAndMarkets.com's offering.
The global specialty fertilizer market is poised for substantial growth, as detailed in the latest industry research publication. The study predicts the market to significantly exceed US$ 52.74 billion by the year 2030, driven by advanced agricultural practices and the escalating necessity for high-efficiency fertilizers.
Emerging Trends and Growth Dynamics in Specialty Fertilizers
The comprehensive market analysis indicates a compound annual growth rate (CAGR) of 6.98% for the specialty fertilizers industry from 2024 to 2030. A remarkable surge is noted in the fruits and vegetables segment owing to the increasing demand for high-quality produce and the transition towards sustainable agricultural methods. The report further segments the market based on fertilizer types, including products such as urea-ammonium nitrate (UAN), calcium ammonium nitrate, monoammonium phosphate, potassium sulfate, and potassium nitrate. The versatility and effectiveness of UAN place it at the forefront of the market share.
Key Insights into Application Methods and Regional Performance
In terms of application, fertigation – the process of applying fertilizer alongside irrigation – is emerging as the dominant sector, reflecting modern farming's lean toward precision and maximum nutrient utility. On a global scale, China's specialty fertilizer sector shows the fastest growth. This development signifies the continuous evolution of the agricultural facilities and practices in responding to the growing demand for efficient crop production in the world's most populous country.
- Fruits and Vegetables: A Rapidly Expanding Segment
- Water-soluble Fertilizers: Dominant Contributor by Type
- Fertigation: Leading Mode of Application
- China: Catalyst for Regional Market Expansion
The industry trends are further analyzed alongside the growth rates, market shares, and the impact of technological advancements and environmental concerns. The research addresses the critical need for specialty fertilizers, the versatility of their applications, and the essential roles of primary nutrients to sustain a growing global population and increasing food demand.
Companies Featured
- CF Industries Holdings Inc
- Israel Chemicals
- Yara International ASA
- Kingenta Ecological Engineering Group Co., Ltd
- Nagarjuna Fertilizers and Chemicals Limited
- The Mosaic Company
- BASF SE
- OCI Global
For more information about this report visit https://www.researchandmarkets.com/r/xefab3
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View source version on businesswire.com: https://www.businesswire.com/news/home/20240403934107/en/
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