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The Global Specialty Fertilizers Market is segmented by action into controlled-release (CRF) fertilizers, slow-release (SRF) fertilizers and micronutrient fertilizers, by crop type into cereals, pulses and oilseeds, commercial crops, fruits and vegetables, turf and ornamentals and other crop types and by geography.
Fastest Growing Market:
The global market for specialty fertilizers was estimated at USD 17.2 billion in 2018 and is projected to grow at a CAGR of 7.5% during the forecast period (2019 – 2024).The drivers identified in the market are increasing global area under precision farming, increasing incidence of fertilizer leaching, need for improvement of fertilizer use efficiency and favourable government policies.The restraints identified in the market lack of affordable product options for farmers and slow pace of research and development.
Specialty Fertilizers are small fertilizer particles that help to prevent the moisture and helps release the fertilizer nutrients into the crops which helps in the proper growth of the crops.The report defines the specialty fertilizer market in terms of end-users.
|Slow-release (SRF) Fertilizers|
|Pulses and Oilseeds|
|Fruits and Vegetables|
|Turf and Ornamentals|
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Over the past two decades, PF (precision farming) has successfully made the transition from being an academic research topic to a highly beneficial practice in the field of agriculture. Around 70-80% of the new equipment purchases has been deemed to contain some form of PF tools. An important component of precision farming is the provision of right dosage of nutrients to crops, at the right time. Specialty fertilizers serve as important inputs in precision farming, satisfying this need.
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The North American region accounts for the largest market share of the global specialty fertilizers market, with the US being its fastest-growing market in the region. From the beginning, specialty fertilizers’ high cost with respect to other nitrogenous fertilizers has restricted their utilization in large-scale production of commodity crops, such as corn, sorghum, wheat, and canola. However, they are commonly used in specialty, high-value crops, such as vegetables, orchards, nurseries, seed production, etc. Today, their use is limited but is increasing in row crops, primarily due to higher grain prices, environmental concerns, and regulations.
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Companies in the global fertilizer market are not only competing based on product quality and promotion but also are focused on strategic moves aimed at occupying larger market shares.Acquisitions, new product launches, and expansions are some of the major strategies opted by the market leaders in this domain. Many players in the US are well-established and are the market leaders in specialty fertilizers.Some of the major players are Yara International,Mosaic Company, ICL Fertilizers, and Israel Chemical Limited, among others.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.4 Market Restraints
4.5 Industry Attractiveness - Porter's Five Force Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.1 Controlled-release (CRF) Fertilizers
220.127.116.11 Nitrogen Stabilizers
18.104.22.168 Nitrification Inhibitors
22.214.171.124 Urease Inhibitors
5.1.2 Slow-release (SRF) Fertilizers
5.1.3 Micronutrient Fertilizers
5.1.4 Customized Fertilizers
5.2 Crop Type
5.2.2 Pulses and Oilseeds
5.2.3 Commercial Crops
5.2.4 Fruits and Vegetables
5.2.5 Turf and Ornamentals
5.3.1 North America
126.96.36.199 United States
188.8.131.52 Rest of North America
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
5.3.3 Asia Pacific
18.104.22.168 Rest of Asia-Pacific
5.3.4 South America
22.214.171.124 Rest of South America
126.96.36.199 South Africa
188.8.131.52 Rest of Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Nutrien Ltd
6.3.2 The Mosaic Company
6.3.3 Eurochem Group AG
6.3.4 Israel Chemicals Ltd
6.3.5 Yara International ASA
6.3.6 Haifa Chemicals Ltd
6.3.7 CF Industrial Holdings Inc.
6.3.8 Sociedad Química y Minera de Chile
6.3.9 Coromandel International Ltd
6.3.10 Everris NA Inc.
6.3.11 Sinochem Group
7. MARKET OPPORTUNITIES AND FUTURE TRENDS