Specialty Fertilizers Market size worth $ 64.62 Billion, Globally, by 2028 at 7.2% CAGR: Verified Market Research®
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202 - Pages
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Global Specialty Fertilizers Market Overview
Specialty fertilizers are defined as fertilizers that are applied in the special condition of soil & plant. Specialty fertilizers are applied for specialized action in plants in order to increase production levels. Specialty fertilizers release essential nutrients. These nutrients are insufficient amounts and are completely absorbed by the plants. It controls the amount of moisture contact. Specialty fertilizers also help to enhance the uptake of nutrients, minimizes possible loss of nutrients, and reduce the toxicity caused due to high ionic concentration.
The trend of the adoption of specialty fertilizers across the global agriculture sector is increasing to improve the quality and production levels of various crops. An increase in the region under precision farming led to the drive the market for specialty fertilizers. The requirement of high-quality crops has helped in market growth. Also, increasing the export of foods and vegetables, the growing trend of consuming foods among people, resulted in an increasing crop plantation area. Therefore, the Specialty Fertilizers Market is expected to grow significantly during the forecasted period. However, specialty fertilizers are expensive therefore might hamper the market up to a certain extent.
Key Developments
Key Players
The major players in the market are Yara International ASA, Nutrien, Ltd., K+S Aktiengesellschaft, Israel Chemical Ltd., The Mosaic Company, Sociedad Química Y Minera De Chile, EuroChem Group, CF Industries Holdings, Inc., OCI Nitrogen, and OCP Group.
Verified Market Research has segmented the Global Specialty Fertilizers Market On the basis of Crop Type, Form, Technology, Application Method, and Geography.
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