Market Size of africa specialty fertilizer Industry
| Icons | Lable | Value |
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Study Period | 2016 - 2028 |
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Market Size (2024) | USD 5.11 Billion |
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Market Size (2028) | USD 6.63 Billion |
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Largest Share by Speciality Type | Liquid Fertilizer |
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CAGR (2024 - 2028) | 6.73 % |
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Largest Share by Country | South Africa |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Africa Specialty Fertilizer Market Analysis
The Africa Specialty Fertilizer Market size is estimated at USD 5.11 billion in 2024, and is expected to reach USD 6.63 billion by 2028, growing at a CAGR of 6.73% during the forecast period (2024-2028).
- Largest segment by Speciality Type - Liquid Fertilizer : The demand for liquid fertilizer in the Africa region keeps up, as the soils in the region are dry and liquid fertilizers ensures that easy absorbtion by the plants.
- Fastest growing by Speciality Type - Water Soluble : The watersoluble fertilizer absorption rate is more than double compared to conventional fertilizers reaching an efficiency of about 80-90% and reducing total fertilizer use.
- Largest Segment by Crop Type - Horticultural Crops : horticulture crops are cultivated year-round and have better irrigation systems like sprinkler and drip irrigation, which continue to require specialty fertilizers.
- Largest segment by Country - South Africa : Nigeria has large agricultural area in the region, it acccounts for about 35% of the total crop area in the region and has some of the largest fertilizer production units.
