Market Size of south america specialty fertilizer Industry
| Icons | Lable | Value |
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Study Period | 2016 - 2030 |
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Market Size (2024) | USD 3.13 Billion |
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Market Size (2030) | USD 4.46 Billion |
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Largest Share by Speciality Type | Liquid Fertilizer |
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CAGR (2024 - 2030) | 6.08 % |
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Largest Share by Country | Brazil |
Major Players |
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*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.
