South America Specialty Fertilizer Market Size
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2016 - 2030 |
|
Market Size (2024) | USD 3.13 Billion |
|
|
Market Size (2030) | USD 4.46 Billion |
|
Largest Share by Speciality Type | Liquid Fertilizer |
|
|
CAGR (2024 - 2030) | 6.08 % |
|
Largest Share by Country | Brazil |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
South America Specialty Fertilizer Market Analysis
The South America Specialty Fertilizer Market size is estimated at USD 3.13 billion in 2024, and is expected to reach USD 4.46 billion by 2030, growing at a CAGR of 6.08% during the forecast period (2024-2030).
- Largest segment by Speciality Type - Liquid Fertilizer : 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 by Speciality Type - Liquid Fertilizer : Increasing trend in mechanization of the irrigation systems in the region, directly increase the demand for liquid fertilizers that allow plants to absorb nutrients quickly.
- Largest Segment by Crop Type - Horticultural Crops : There is an increasing trend in the fertilizer use due to the shift of growers from field crop to horticultural crop, which led to a 1.46% increase in area between 2020-2021.
- Largest segment by Country - Brazil : Brazil alone accounts for about 61% of the total crop area in the South American region. Which is about 74.61 million hectares of agricultural land in the country.
South America Specialty Fertilizer Market Trends
This section covers the major market trends shaping the South America Specialty Fertilizer Market according to our research experts:
Liquid Fertilizer is the largest segment by Speciality Type.
- Water-soluble fertilizers in South America accounted for 41.98% of total specialty fertilizer value in 2021. Water-soluble fertilizers (WSF) simplify nutrition management as nutrient levels are not affected by leaching or erosion. Fertigation makes the most important component of modern agricultural systems, such as hydroponic and drip irrigation techniques, simple to use with minimal effort.
- Liquid fertilizers accounted for approximately 19.27% of the specialty fertilizer market in South America in 2021, as growers in South America are becoming more aware of the advantages of liquid fertilizers, which penetrate the soil easily and allow plants to absorb nutrients more quickly. They also help reduce fertilizer waste and can be applied to either ground or foliar. As a result, liquid fertilizers have a huge opportunity to expand in South America in the coming years.
- The controlled-release fertilizer market in the region grew by 50.1% during the study period. It is estimated to record a CAGR of 5.6% during the forecast period.
- The polymer-coated controlled-release fertilizers accounted for 56.96% of the total controlled-release market in 2021. Presently, the market is being driven by a growing interest in creating innovative and environmentally safe controlled-release fertilizers. The CRF market is expected to record a CAGR of 5.27% during the forecast period.
- Slow-release fertilizers continuously release a small number of nutrients over time. They accounted for 61.03% of the market value during the study period.
- Hence, with the growing market potential for specialty-type fertilizers, the segment is anticipated to grow significantly during the forecast period.
Understand The Key Trends Shaping This Market
Download Sample
Brazil is the largest segment by Country.
- Brazil is a growing market in terms of agriculture and is a major supplier of commodities like rice, maize, soybean, coffee, etc., to the international market. The specialty fertilizer market in Brazil was valued at USD 4.40 billion in 2021, with a volume consumption of 4.7 million metric tons.
- Agriculture in Argentina is fundamental for its economy, and the country is a major grower and exporter of important crops like wheat, corn, and soybean annually, which consume a high amount of fertilizers. For instance, the average application rate of primary nutrients in the country is 259.4kg/ha, and Argentina accounted for 8.0% of the total specialty fertilizer consumption in the region in 2021.
- There has been a growth in the consumption volume, which has increased from 15.8 million metric tons in 2017 to 18.3 million metric tons in 2021. The market value grew till 2019, when the COVID-19 outbreak globally caused trade and supply chain barriers. Since the region is highly import-dependent on fertilizers, the region saw a dip in 2020 to USD 3.00 billion.
- Rest of South American countries like Chile, Colombia, Peru, Bolivia, Paraguay, etc., together accounted for 52.0% of the total specialty fertilizer consumption in the region in 2021, with water-soluble fertilizers being the most consumed with a volume of 5.8 million metric ton.
- Hence, the market for specialty fertilizers in the region is anticipated to grow due to the increased area under cultivation and increasing climatic risks that pose agricultural threats like droughts and heatwaves, boosting the adoption of efficient fertilizers.
Get Analysis on Important Geographic Markets
Download Sample
South America Specialty Fertilizer Industry Overview
The South America Specialty Fertilizer Market is fragmented, with the top five companies occupying 9.92%. The major players in this market are Israel Chemicals Ltd, Mosaic, Sociedad Química y Minera (SQM), TIMAC Agro and Yara brasil (sorted alphabetically).
South America Specialty Fertilizer Market Leaders
Israel Chemicals Ltd
Mosaic
Sociedad Química y Minera (SQM)
TIMAC Agro
Yara brasil
*Disclaimer: Major Players sorted in no particular order
Need More Details on Market Players and Competitors?
Download Sample
South America Specialty Fertilizer Market News
- March 2022: EuroChem Group announced that it has completed the purchase of the share holding control of Brazilian distributor Fertilizantes Heringer SA, with 51.48% of the shares, further strengthening its production and distribution capacity in Brazil.
- February 2022: EuroChem Group completes Mergers & Acquisitions and takes over the Serra do Salitre phosphate project. The value of the deal was US$ 452 million and EuroChem will invest a similar amount to fully implement the project.
- January 2021: ICL group Ltd acquired Fertiláqua, one of Brazil's leading specialty plant nutrition companies to increase the sales of its controlled-released fertilizers, organic fertilizers and other specialty plant nutrition products.
South America Specialty Fertilizer Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
3.1. Study Assumptions & Market Definition
3.2. Scope of the Study
3.3. Research Methodology
4. KEY INDUSTRY TRENDS
4.1. Acreage Of Major Crop Types
4.2. Average Nutrient Application Rates
4.3. Regulatory Framework
4.4. Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION
5.1. Speciality Type
5.1.1. CRF
5.1.1.1. Polymer Coated
5.1.1.2. Polymer-Sulfur Coated
5.1.1.3. Others
5.1.2. Liquid Fertilizer
5.1.3. SRF
5.1.4. Water Soluble
5.2. Application Mode
5.2.1. Fertigation
5.2.2. Foliar
5.2.3. Soil
5.3. Crop Type
5.3.1. Field Crops
5.3.2. Horticultural Crops
5.3.3. Turf & Ornamental
5.4. Country
5.4.1. Argentina
5.4.2. Brazil
5.4.3. Rest Of South America
6. COMPETITIVE LANDSCAPE
6.1. Key Strategic Moves
6.2. Market Share Analysis
6.3. Company Landscape
6.4. Company Profiles
6.4.1. Compo Expert
6.4.2. EuroChem
6.4.3. Haifa Negev technologies LTD
6.4.4. Israel Chemicals Ltd
6.4.5. K+S AKTIENGESELLSCHAFT
6.4.6. Mosaic
6.4.7. Sociedad Química y Minera (SQM)
6.4.8. TIMAC Agro
6.4.9. Yara brasil
7. KEY STRATEGIC QUESTIONS FOR FERTILIZER CEOS
8. APPENDIX
8.1. Global Overview
8.1.1. Overview
8.1.2. Porter's Five Forces Framework
8.1.3. Global Value Chain Analysis
8.1.4. Market Dynamics (DROs)
8.2. Sources & References
8.3. List of Tables & Figures
8.4. Primary Insights
8.5. Data Pack
8.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- SOUTH AMERICA MARKET, AREA YOY GROWTH RATE, 2016 - 2021
- Figure 2:
- SOUTH AMERICA MARKET, AREA YOY GROWTH RATE, 2016 - 2021
- Figure 3:
- SOUTH AMERICA MARKET, VOLUME YOY GROWTH RATE, 2021 - 2021
- Figure 4:
- SOUTH AMERICA MARKET, VOLUME YOY GROWTH RATE, 2021 - 2021
- Figure 5:
- SOUTH AMERICA MARKET, VOLUME YOY GROWTH RATE, 2021 - 2021
- Figure 6:
- SOUTH AMERICA MARKET, VOLUME YOY GROWTH RATE, 2021 - 2021
- Figure 7:
- SOUTH AMERICA MARKET, VOLUME YOY GROWTH RATE, 2021 - 2021
- Figure 8:
- SOUTH AMERICA MARKET, VOLUME YOY GROWTH RATE, 2021 - 2021
- Figure 9:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, VOLUME, METRIC TON, 2016 - 2028
- Figure 10:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, VALUE, USD, 2016 - 2028
- Figure 11:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY SPECIALITY TYPE, VOLUME, METRIC TON, 2016 - 2028
- Figure 12:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY SPECIALITY TYPE, VALUE, USD, 2016 - 2028
- Figure 13:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, VOLUME SHARE(%), BY SPECIALITY TYPE, 2016 - 2028
- Figure 14:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY SPECIALITY TYPE, 2016 - 2028
- Figure 15:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY COATING TYPE, VOLUME, METRIC TON, 2016 - 2028
- Figure 16:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY COATING TYPE, VALUE, USD, 2016 - 2028
- Figure 17:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, VOLUME SHARE(%), BY COATING TYPE, 2016 - 2028
- Figure 18:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY COATING TYPE, 2016 - 2028
- Figure 19:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY COATING TYPE, POLYMER COATED, METRIC TON, 2016 - 2028
- Figure 20:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY COATING TYPE, POLYMER COATED, USD, 2016 - 2028
- Figure 21:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 22:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY COATING TYPE, POLYMER-SULFUR COATED, METRIC TON, 2016 - 2028
- Figure 23:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY COATING TYPE, POLYMER-SULFUR COATED, USD, 2016 - 2028
- Figure 24:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 25:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY COATING TYPE, OTHERS, METRIC TON, 2016 - 2028
- Figure 26:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY COATING TYPE, OTHERS, USD, 2016 - 2028
- Figure 27:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 28:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY SPECIALITY TYPE, LIQUID FERTILIZER, METRIC TON, 2016 - 2028
- Figure 29:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY SPECIALITY TYPE, LIQUID FERTILIZER, USD, 2016 - 2028
- Figure 30:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 31:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY SPECIALITY TYPE, SRF, METRIC TON, 2016 - 2028
- Figure 32:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY SPECIALITY TYPE, SRF, USD, 2016 - 2028
- Figure 33:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 34:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY SPECIALITY TYPE, WATER SOLUBLE, METRIC TON, 2016 - 2028
- Figure 35:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY SPECIALITY TYPE, WATER SOLUBLE, USD, 2016 - 2028
- Figure 36:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 37:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY APPLICATION MODE, VOLUME, METRIC TON, 2016 - 2028
- Figure 38:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY APPLICATION MODE, VALUE, USD, 2016 - 2028
- Figure 39:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, VOLUME SHARE(%), BY APPLICATION MODE, 2016 - 2028
- Figure 40:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY APPLICATION MODE, 2016 - 2028
- Figure 41:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY APPLICATION MODE, FERTIGATION, METRIC TON, 2016 - 2028
- Figure 42:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY APPLICATION MODE, FERTIGATION, USD, 2016 - 2028
- Figure 43:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY SPECIALITY TYPE, 2016 - 2028
- Figure 44:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY APPLICATION MODE, FOLIAR, METRIC TON, 2016 - 2028
- Figure 45:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY APPLICATION MODE, FOLIAR, USD, 2016 - 2028
- Figure 46:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY SPECIALITY TYPE, 2016 - 2028
- Figure 47:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY APPLICATION MODE, SOIL, METRIC TON, 2016 - 2028
- Figure 48:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY APPLICATION MODE, SOIL, USD, 2016 - 2028
- Figure 49:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY SPECIALITY TYPE, 2016 - 2028
- Figure 50:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY CROP TYPE, VOLUME, METRIC TON, 2016 - 2028
- Figure 51:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY CROP TYPE, VALUE, USD, 2016 - 2028
- Figure 52:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, VOLUME SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 53:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 54:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY CROP TYPE, FIELD CROPS, METRIC TON, 2016 - 2028
- Figure 55:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY CROP TYPE, FIELD CROPS, USD, 2016 - 2028
- Figure 56:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY SPECIALITY TYPE, 2016 - 2028
- Figure 57:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY CROP TYPE, HORTICULTURAL CROPS, METRIC TON, 2016 - 2028
- Figure 58:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY CROP TYPE, HORTICULTURAL CROPS, USD, 2016 - 2028
- Figure 59:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY SPECIALITY TYPE, 2016 - 2028
- Figure 60:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY CROP TYPE, TURF & ORNAMENTAL, METRIC TON, 2016 - 2028
- Figure 61:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY CROP TYPE, TURF & ORNAMENTAL, USD, 2016 - 2028
- Figure 62:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY SPECIALITY TYPE, 2016 - 2028
- Figure 63:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY COUNTRY, VOLUME, METRIC TON, 2016 - 2028
- Figure 64:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY COUNTRY, VALUE, USD, 2016 - 2028
- Figure 65:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, VOLUME SHARE(%), BY COUNTRY, 2016 - 2028
- Figure 66:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY COUNTRY, 2016 - 2028
- Figure 67:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY COUNTRY, ARGENTINA, METRIC TON, 2016 - 2028
- Figure 68:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY COUNTRY, ARGENTINA, USD, 2016 - 2028
- Figure 69:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 70:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY COUNTRY, BRAZIL, METRIC TON, 2016 - 2028
- Figure 71:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY COUNTRY, BRAZIL, USD, 2016 - 2028
- Figure 72:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 73:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY COUNTRY, REST OF SOUTH AMERICA, METRIC TON, 2016 - 2028
- Figure 74:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, BY COUNTRY, REST OF SOUTH AMERICA, USD, 2016 - 2028
- Figure 75:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, VALUE SHARE(%), BY CROP TYPE, 2016 - 2028
- Figure 76:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
- Figure 77:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
- Figure 78:
- SOUTH AMERICA SPECIALTY FERTILIZER MARKET SHARE(%), BY MAJOR PLAYERS, 2021
South America Specialty Fertilizer Industry Segmentation
CRF, Liquid Fertilizer, SRF, Water Soluble are covered as segments by Speciality Type. Fertigation, Foliar, Soil are covered as segments by Application Mode. Field Crops, Horticultural Crops, Turf & Ornamental are covered as segments by Crop Type. Argentina, Brazil are covered as segments by Country.| Speciality Type | |||||
| |||||
| Liquid Fertilizer | |||||
| SRF | |||||
| Water Soluble |
| Application Mode | |
| Fertigation | |
| Foliar | |
| Soil |
| Crop Type | |
| Field Crops | |
| Horticultural Crops | |
| Turf & Ornamental |
| Country | |
| Argentina | |
| Brazil | |
| Rest Of South America |
Need A Different Region Or Segment?
Customize Now
Market Definition
- AVERAGE NUTRIENT APPLICATION RATE - This refers to the average volume of nutrient consumed per hectare of farmland in each country.
- CROP TYPES COVERED - Field Crops: Cereals, Pulses, Oilseeds, Fiber Crops, and Forage Crops, Horticulture: Fruits, Vegetables, Plantation Crops and Spices, Turf Grass and Ornamentals
- MARKET ESTIMATION LEVEL - Market Estimations for various types of fertilizers has been done at the product-level and not at the nutrient-level.
- NUTRIENT TYPES COVERED - Primary Nutrients: N, P and K, Secondary Macronutrients: Ca, Mg and S, Micronutients: Zn, Mn, Cu, Fe, Mo, B, and Others
Need More Details on Market Definition?
Ask a Question
Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
Get More Details On Research Methodology
Download Sample
80% of our clients seek made-to-order reports. How do you want us to tailor yours?
