Market Size of brazil specialty fertilizer Industry
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2017 - 2030 |
|
Market Size (2024) | USD 1.88 Billion |
|
|
Market Size (2030) | USD 2.64 Billion |
|
Largest Share by Speciality Type | Liquid Fertilizer |
|
|
CAGR (2024 - 2030) | 5.85 % |
|
|
Fastest Growing by Speciality Type | CRF |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
Brazil Specialty Fertilizer Market Analysis
The Brazil Specialty Fertilizer Market size is estimated at 1.88 billion USD in 2024, and is expected to reach 2.64 billion USD by 2030, growing at a CAGR of 5.85% during the forecast period (2024-2030).
1.88 Billion
Market Size in 2024 (USD)
2.64 Billion
Market Size in 2030 (USD)
9.10 %
CAGR (2017-2023)
5.85 %
CAGR (2024-2030)
Largest segment by Speciality Type
53.80 %
value share, Liquid Fertilizer, 2023
Liquid fertilizers can penetrate the the soil easily allow plants to absorb nutrients more quickly, reduce fertilizer waste and can be applied to either ground or foliar.
Fastest Growing Speciality Type
7.10 %
Projected CAGR, CRF, 2024-2030
The main drivers propelling the Brazilian controlled-release fertilizer market are effective nutrient release, reduced leaching, and volatilization of the nutrients.
Largest Segment by Crop Type
5.89 %
Projected CAGR, Field Crops, 2024-2030
The domination of field crops in Fertilizers market is mainly due to its large cultivation area in the country. They account for more than 96% of total crop area.
Largest segment by Application Mode
49.81 %
value share, Fertigation, 2023
Brazil implemented strict actions against increasing farmland and its 50.0% of total agricultural land is irrigated land which drives fertgation segment's growth.
Leading Market Player
24.26 %
market share, Yara International ASA, 2022
Yara International involves in production and marketing of crop nutrition products and solutions. Which includes foliar, water soluble, micronutrient and other fertilizers.
Water soluble fertilizers dominated the Brazil specialty fertilizers market.
- The variety of nutrient grades and application options, including foliar, fertigation, and soil application, drive the demand for water-soluble fertilizers. These fertilizers' value increased by 67.5% during 2017-2022. The benefits of water-soluble fertilizers are they can distribute nutrients directly at the root zone and increase nutrient uptake. Using this strategy helps lower fertilizer application rates by 25.0%.
- The liquid fertilizer segment accounted for 53.8%, valued at USD 944.6 million in 2022, with a volume of 933.7 thousand metric tons. Since 2017, the consumption volume of liquid fertilizers has been steadily increasing because they give plants quicker access to nutrients than conventional fertilizers. They are particularly well suited for application to promote root growth early in the growing season.
- Polymer-coated fertilizers account for 1.6% of the CRF market in 2022. The coating material and coating process used in polymer-coated fertilizer technologies differ considerably between manufacturers. Depending on the crop requirements, the rate of nutrient release from a polymer-coated product can be controlled to some extent by varying the coating's characteristics and types, thickness, and the ratio of different coating materials.
- The rise in imported fertilizers is responsible for the decline in market value in 2020. The COVID-19 logistical and production crisis, followed by a labor shortage and a disturbance in the supply chain, also played a role in the drop in market value. However, the market grew significantly in the years that followed.
- Some factors driving the specialty fertilizers market are increased demand for high-efficiency fertilizers, ease of application, adoption of sustainable farming practices, and increased environmental safety.
Understand The Key Trends Shaping This Market
