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A growth in agricultural product demand is likely to promote innovation in specialised fertiliser manufacture, propelling the market during the forecast period.

The global specialty fertilizers market is expected to grow from $26.49 billion in 2022 to $28.50 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The global specialty fertilizers market size is expected to reach $37.03 billion in 2027 at a CAGR of 6.8%.

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Global Specialty Fertilizers Market Segments Include:

• By Type: Controlled Release Fertilizers, Water Soluble Fertilizers, Agricultural Micronutrients, Customized Fertilizers
• By Crop: Cereals, Pulses And Oil Seeds, Fruits And Vegetables, Trufs And Ornamentals, Other Crops
• By Form: Dry, Liquid
• By Technology: Slow-Release, N-Stabilizers, Coated And Encapsulated, Chelated
• By Application: Soil, Foliar, Fertigation
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global specialty fertilizers market in 2021.

Major Market Players in the specialty fertilizers market include Agrium Inc., Compo Expert GmbH, Coromandel International Limited, EuroChem Group, Haifa Group, ICL Group, Nutrien Ltd., Sociedad Quimica y Minera SA, The Mosaic Company.

Technological progress is a common trend in the specialised fertilisers industry. Companies in the specialised fertilisers market are embracing new technology in order to maintain their market position. For example, ICL Specialty Fertilisers, an Israel-based chemical firm that manufactures sustainable nutrition and plant protection solutions, will introduce Biodegradable Controlled Release Fertiliser (CRF) Technology for coating urea in September 2022. The method allows for higher yields while using less fertiliser.

The Specialty Fertilizers Global Market Report 2023  provides a specialty fertilizers market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The specialty fertilizers market forecast analyzes specialty fertilizers market size, specialty fertilizers market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Specialty fertilisers are fertilisers that are specifically designed to supply vital nutrients to plants such as iron, manganese, boron, zinc, copper, and others in a more targeted and effective manner than regular fertilisers.

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