Market Size of global specialty fertilizer Industry
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2016 - 2030 |
|
Market Size (2024) | USD 43.35 Billion |
|
|
Market Size (2030) | USD 61.77 Billion |
|
|
CAGR (2024 - 2030) | 6.08 % |
|
Largest Share by Speciality Type | Water Soluble |
|
Largest Share by Region | Europe |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
Specialty Fertilizers Market Analysis
The Global Specialty Fertilizer Market size is estimated at USD 43.35 billion in 2024, and is expected to reach USD 61.77 billion by 2030, growing at a CAGR of 6.08% during the forecast period (2024-2030).
- Largest segment by Speciality Type - Water Soluble : Water-soluble fertilizers help in efficiently reducing fertilizer application by 25-30%. These fertilizers also help in providing an even distribution throughout the field.
- Fastest growing by Speciality Type - SRF : SRFs are safe for the soil and environment as they precisely release nutrients into the soil throughout the cropping season and reduce the leaching of nutrients.
- Largest Segment by Crop Type - Turf & Ornamental : The increasing area under cultivation with increasing concern over pollution and growing ecotourism across the globe has increased the fertilizer demand for such crops.
- Largest segment by Country - United States : The adoption of precision technologies in the country has boosted the need for specialty fertilizers, as it needs a modest application of recommended fertilizers.
