Specialty Fertilizers Market Report by Fertilizer (Urea-Ammonium Nitrate, Calcium Ammonium Nitrate, Monoammonium Phosphate, Potassium Sulfate, Potassium Nitrate,Others), Crop (Fruits and Vegetables, Commercial Crops, Others), Type (Water Soluble Fertilizers, Micronutrients, Controlled-release Fertilizers, Others), Mode of Application (Fertigation, Foliar, Soil),Country and Company Analysis 2025-2033
Buy NowSpecialty Fertilizers Market Size
The Specialty Fertilizers Market is expected to grow from US$ 37.78 billion in 2024 to US$ 64.81 billion by 2033, at a CAGR of 6.18% during the forecast period of 2025-2033. The growth of this market is driven by increasing demand for high-efficiency fertilizers in agriculture to improve crop yield and quality. Additionally, the trends in sustainable farming practices, eco-friendly products, and the requirement of fertilizer-specific soil and crop-based needs are fueling further growth in this market.
Specialty Fertilizers Industry Outlooks
These are a group of fertilizers that are exclusively produced to fulfill the selective needs of crops and plants in terms of nutrition. In distinction, conventional fertilizers essentially furnish the general nutrients of the trio of nitrogen, phosphorus, and potassium. It also comes with micronutrient content, controlled delivery methods, and specific element compositions.
Report Features | Details |
Base Year |
2024 |
Forecast Years |
2025 - 2033 |
Historical Years |
2020 - 2024 |
Market Size in 2024 |
US$ 37.78 Billion |
Market Forecast in 2033 |
US$ 64.81 Billion |
Market Growth Rate (2025-2033) |
6.18% |
Specialty fertilizers, although more effective and targeted to reach out maximum nutrient for plant growth and minimum wastage, are used for various applications, especially for high-value crops, greenhouse plants, and horticulture. Slow release, liquid fertilizers, water-soluble, and foliar sprays are used in these areas. The products help increase crop yield, improve health and quality of produce, thereby ensuring right nutrients at right time. Additionally, they are essential for precision farming, focusing on optimizing resource use and minimizing environmental impact. They play a crucial role in sustainable agriculture practices, supporting healthier crops while reducing nutrient runoff and waste.
Growth Driver in the Specialty Fertilizers Market
Increasing Demand for High-Quality Crops
The demand for high-quality and higher-yielding crops is a significant growth driver for this industry. Global food demand is increasing the pressure on farmers to improve crop quality and productivity. Specialty fertilizers, which are specially formulated with nutrient content, help improve crop health, disease resistance, and quality. They offer specific nutrients at the right time, resulting in optimal growth conditions and thereby better yields. The recent emphasis on food security and sustainable farming practices has boosted the use of specialty fertilizers.
Transition Towards Sustainable Farming Practices
Sustainable farming is being increasingly adopted by farmers and acts as a major driving factor for this industry. These fertilizers improve soil health, reduce nutrient wastage, and help to reduce the environmental impact. The eco-friendly alternatives to chemical fertilizers are specialty fertilizers such as slow-release and organic formulations. Rising demand for organic produce and awareness regarding the need for environmentally friendly farming has led to a wider adoption of specialty fertilizers, thus reducing environmental pollution and preventing over-fertilization to ensure sustainable agriculture. This is one of the growth factors in the market-a shift towards sustainability.
Advanced Technology in Fertilizer Formulations
The growth of this market owes much to the technological advancements happening in fertilizer formulations. Controlled release fertilizers, nano-fertilizers, and products micro-encapsulated are some of the innovations found in specialty fertilizers offering better efficiency and precise delivery of nutrients. These fertilizers lose less nutrient and provide proper nutrition to crops. The adoption of precision farming, aided by the advancements in satellite and sensor technologies, makes these fertilizers even more effective. This has increased demand since farmers are looking for ways that are more efficient and technologically advanced to increase crop yield while reducing costs.
Urea Ammonium Nitrate Industry
The industry will witness a wide spread growth over the next years, with the Urea Ammonium Nitrate (UAN) sector likely to continue holding the largest share in the market. This can be attributed to the flexibility of UAN, along with its ease of application that makes it a very popular among farmers. UAN is a liquid specialty fertilizer that has a composition of urea and ammonium nitrate, which provides a balanced combination of nitrogen and ammonium, making it suitable for all plants. UAN may be used as a soil drench or as a foliar application and offers the following benefits: rapid nutrient availability, minimal nutrient losses, and more efficient utilization of nutrients. UAN is widely used across North America, Europe, and Asia and is expected to continue as a key constituent of the global specialty fertilizers market.
Fruits and Vegetables Specialty Fertilizers Market
The market is going to surge heavily in the Fruits and Vegetables segment during the forecast period. This thriving growth is attributed to the growing demand for organic food produce and the adoption of advanced farming techniques that require nutrient-wealthy soil. The specialty fertilizers in this category are formulated to cater to the particular nutritional requirements of fruits and vegetables, further improving the produce's growth and high quality. This trend is anticipated to continue as more farmers shift toward sustainable and eco-friendly farming practices.
Water-soluble Specialty Fertilizer Market
Farmers always employ water-soluble fertilizers to enhance crop first-class and yield. In addition to NPK, potassium nitrate, monopotassium phosphate, monoammonium phosphate, and urea phosphate, these fertilizers have a rapid dissolution in water and are widely used for foliar feeding and fertigation in precision agriculture. Due to low salt index and high use performance, water-soluble fertilizers are highly sought after by farmers. They also address issues such as nutrient fixation in soil, nutrient immobilization, and nutrient loss due to volatilization, like nitrogen. The category of water-soluble fertilizers holds the highest revenue percentage and is expected to maintain this position in future years.
Fertilization Specialty Fertilizers Market
The Fertigation Mode of Application segment is likely to take over the global specialty fertilizers market. This leading status represents the need for efficiency and performance in nutrient application. Fertigation or using fertilizers through the irrigation system is increasingly becoming an advanced practice. The popularity of the Fertigation Mode of Application industry proves that it plays a pivotal role in forming the developing requirements of innovative, high-yield farming by shaping the direction of the global specialty fertilizers market.
North America Specialty Fertilizer Market Outlooks
The North American specialty fertilizer market is growing at a huge rate, mainly due to the increased demand for crops of high quality and sustainable agriculture. The major consumer markets in the region are U.S. and Canada with increasing adoption of advanced farming technology and precision agriculture.
Specialty Fertilizer Market in United States
The United States specialty fertilizer market is highly growing with high-efficiency and environmentally sustainable agricultural solutions. As North America's largest consumer of fertilizers, the U.S. agricultural sector increasingly adopts specialty fertilizers to meet the rising demand for higher crop yields and quality. Some specialty fertilizers, such as controlled-release and slow-release fertilizers, and micronutrient fertilizers, improve soil health and optimize nutrient uptake and reduce waste and environmental impact. The growth of precision farming techniques further boosts the market, as technologies like GPS and sensor-aided fertilizer application technique maximize crop productivity and avoid excessive nutrient application. The increasing focus on organic and sustainable farming methods is also a major push factor since U.S. farmers are seeking ways to fulfill consumer demand for environmentally friendly and organically grown produce. ICL introduced a new range of water-soluble fertilizers for the North American market in June 2023. The Nova brand features Nova FINISH™, Nova PULSE™, Nova ELEVATE™, and Nova FLOW.
Europe Specialty Fertilizer Market
The European specialty fertilizer market is growing steadily with a focus on high-efficiency, sustainable farming solutions. Some of the key consumer markets include Russia, France, Spain, Italy, Germany, the United Kingdom, Poland, the Netherlands, Ukraine, Turkey, and other European countries. The key regional drivers of growth in the specialty fertilizer market include increasing adoption of precision farming technologies and growing focus on improving crop yields and quality. Specialty fertilizers like slow-release, controlled-release, and micronutrient fertilizers are more in demand to enhance the efficiency of nutrient use and to minimize the environmental impact.
Germany Specialty Fertilizer Market
Germany specialty fertilizer market is witnessing rapid growth. The reason behind this is the robust agricultural sector in the country and the growing interest in sustainable farming. This includes increasing demand for specialty fertilizers like slow-release, micronutrient, and controlled-release fertilizers from farmers. These are now more into optimizing crop yields, soil health, and reduction in negative environmental impacts. All of these are driven forward through Germany's state-of-the-art agricultural technology and advanced uses of precision farming, combined with digital tools. With the increasing focus on organic agriculture and sustainable practices, Germany's specialty fertilizer market is poised for continued expansion, supported by government policies promoting eco-friendly agriculture. ICL unveiled this biodegradable coating technology for CRF in September 2022. The coating will meet the European fertilizer standards that take effect in 2026. ICL has started product deliveries using eqo.x to customers in the Netherlands and Switzerland.
Asia Pacific Specialty Fertilizer Market
The Asia Pacific specialty fertilizer market is highly growth-oriented, primarily based on increased agricultural productivity demand and a growing demand among consumers for high-quality crops. Key markets in the region include China, India, Indonesia, Pakistan, Japan, Thailand, Bangladesh, Vietnam, Philippines, Korea, Malaysia, Australia, and other countries in the Asia Pacific region. The key reasons why these countries are accepting specialty fertilizers, including slow-release, controlled-release, and micronutrient fertilizers, include optimizing nutrient use efficiency while minimizing the potential harmful impact on the environment.
China Specialty Fertilizer Market
China is the world's most populous country and the 1/3 most oversized by area, with diverse climatic situations, topographies, and soil types. China is expected to witness the fastest growth in the global specialty fertilizer market in the next few years. This projection underscores the fact that the country plays a crucial role in determining the industry landscape, as agricultural activities grow, technology improves, and more focus is placed on sustainable farming practices. As China continues to play a huge role in worldwide agriculture, its specialty fertilizer market's rapid growth underlines the country's commitment to enhancing agricultural productiveness and efficiency, reflective of a broader trend toward innovative and environmentally aware strategies for crop control. In August 2024, ICL partnered with AMP Holdings Group Co. Ltd., one of the top Chinese agricultural distributors, in a five-year deal worth about $170 million. This alliance aims at boosting ICL's Growing Solutions business and entering key markets, with it further reiterating its position in the agriculture sector.
Middle East & Africa Specialty Fertilizer Market
Specialty fertilizers are becoming more in demand in the Middle East and Africa (MEA) region to address its agricultural challenges by providing effective farming solutions. Large markets exist in Nigeria, Egypt, Ethiopia, Kenya, Saudi Arabia, and other countries within MEA. The primary driving factors of the increasing demand for specialty fertilizers include the fast-growing population and the growing need for increased food security, which the specialty fertilizers facilitate through the enhancement of soil health and improved nutrient uptake in crops and crop yields.
Saudi Arabia Specialty Fertilizer Market
The Saudi Arabia specialty fertilizer market is growing as the demand for efficient farming solutions increases in the face of limited arable land and water resources. The use of advanced farming technologies, including precision agriculture, is driving the use of specialty fertilizers such as slow-release and micronutrient fertilizers. These fertilizers allow for optimal nutrient use, increases crop yields, and contributes to reduced environmental impact -- very important in a region experiencing arid conditions. Second, government initiatives that involve promoting sustainable agriculture and maximizing food security drive the demand for specialty fertilizers, propelling market growth in Saudi Arabia. In August 2024, Nongshim Co., South Korea's food and beverage giant, was selected for the Smart Farm Export Promotion Project by the Ministry of Agriculture, Food, and Rural Affairs, organized by KOAT.
Specialty Fertilizer Market Key Player
The distinguished players in the Global Specialty Fertilizer Market are CF Industries Holdings Inc, Israel Chemicals, Yara International ASA, Kingenta Ecological Engineering Group Co., Ltd., Nagarjuna Fertilizers and Chemicals Limited, The Mosaic Company, BASF SE, and OCI Global.
By Fertilizer Segments market has been covered from 6 viewpoints:
1. Urea-Ammonium Nitrate
2. Calcium Ammonium Nitrate
3. Monoammonium Phosphate
4. Potassium Sulfate
5. Potassium Nitrate
6. Others
By Crop market has been covered from 3 viewpoints:
1. Fruits and Vegetables
2. Commercial Crops
3. Others
By Type market has been covered from 4 viewpoints:
1. Water Soluble Fertilizers
2. Micronutrients
3. Controlled-release Fertilizers
4. Others
By Mode of Application market has been covered from 3 viewpoints:
1. Fertigation
2. Foliar
3. Soil
Country – This report covers the 40 countries:
1. North America
1.1 United States
1.2 Canada
2. Europe
2.1 Russia
2.2 France
2.3 Spain
2.4 Italy
2.5 Germany
2.6 United Kingdom
2.7 Poland
2.8 Netherlands
2.9 Ukraine
2.10 Turkey
2.11 Other European Countries
3. Asia-Pacific
3.1 China
3.2 India
3.3 Indonesia
3.4 Pakistan
3.5 Japan
3.6 Thailand
3.7 Bangladesh
3.8 Vietnam
3.9 Philippines
3.10 Korea
3.11 Malaysia
3.12 Australia
3.13 Other Asia-Pacific Countries
4. South America
4.1 Brazil
4.2 Mexico
4.3 Venezuela
4.4 Argentina
4.5 Colombia
4.6 Peru
4.7 Chile
4.8 Other South American Countries
5. Middle East & Africa
5.1 Nigeria
5.2 Egypt
5.3 Ethiopia
5.4 Kenya
5.5 Saudi Arabia
5.6 Other MEA Countries
Company Insights:
• Overview
• Recent Development
• Financial Insight
Companies Covered:
1. CF Industries Holdings Inc
2. Israel Chemicals
3. Yara International ASA
4. Kingenta Ecological Engineering Group Co., Ltd
5. Nagarjuna Fertilizers and Chemicals Limited
6. The Mosaic Company
7. BASF SE
8. OCI Global
Report Details:
Report Features | Details |
Base Year |
2024 |
Historical Period |
2020 - 2024 |
Forecast Period |
2025 - 2033 |
Market |
US$ Billion |
Segment Covered |
Crop, Type, Mode of Application, and Countries |
Countries Covered |
|
Companies Covered |
|
Customization Scope |
20% Free Customization |
Post-Sale Analyst Support |
1 Year (52 Weeks) |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on request) |
Customization Services available
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1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Specialty Fertilizers Market
6. Market Share
6.1 By Fertilizer
6.2 By Crop
6.3 By Type
6.4 By Mode of Application
6.5 By Countries
7. Fertilizer
7.1 Urea-Ammonium Nitrate
7.2 Calcium Ammonium Nitrate
7.3 Monoammonium Phosphate
7.4 Potassium Sulfate
7.5 Potassium Nitrate
7.6 Others
8. Crop
8.1 Fruits and Vegetables
8.2 Commercial Crops
8.3 Others
9. Type
9.1 Water Soluble Fertilizers
9.2 Micronutrients
9.3 Controlled-release Fertilizers
9.4 Others
10. Mode of Application
10.1 Fertigation
10.2 Foliar
10.3 Soil
11. Country
11.1 North America
11.1.1 United States
11.1.2 Canada
11.2 Europe
11.2.1 Russia
11.2.2 France
11.2.3 Spain
11.2.4 Italy
11.2.5 Germany
11.2.6 United Kingdom
11.2.7 Poland
11.2.8 Netherlands
11.2.9 Ukraine
11.2.10 Turkey
11.2.11 Other European Countries
11.3 Asia-Pacific
11.3.1 China
11.3.2 India
11.3.3 Indonesia
11.3.4 Pakistan
11.3.5 Japan
11.3.6 Thailand
11.3.7 Bangladesh
11.3.8 Vietnam
11.3.9 Philippines
11.3.10 Korea
11.3.11 Malaysia
11.3.12 Australia
11.3.13 Other Asia-Pacific Countries
11.4 South America
11.4.1 Brazil
11.4.2 Mexico
11.4.3 Venezuela
11.4.4 Argentina
11.4.5 Colombia
11.4.6 Peru
11.4.7 Chile
11.4.8 Other South American Countries
11.5 Middle East & Africa
11.5.1 Nigeria
11.5.2 Egypt
11.5.3 Ethiopia
11.5.4 Kenya
11.5.5 Saudi Arabia
11.5.6 Other MEA Countries
12. Porter’s Five Forces Analysis
12.1 Bargaining Power of Buyers
12.2 Bargaining Power of Suppliers
12.3 Degree of Rivalry
12.4 Threat of New Entrants
12.5 Threat of Substitutes
13. SWOT Analysis
13.1 Strength
13.2 Weakness
13.3 Opportunity
13.4 Threat
14. Company Analysis
14.1 The Mosaic Company
14.1.1 Overview
14.1.2 Recent Development
14.1.3 Revenue
14.2 CF Industries Holdings Inc.
14.2.1 Overview
14.2.2 Recent Development
14.2.3 Revenue
14.3 Israel Chemicals
14.3.1 Overview
14.3.2 Recent Development
14.3.3 Revenue
14.4 Yara International ASA
14.4.1 Overview
14.4.2 Recent Development
14.4.3 Revenue
14.5 Kingenta Ecological Engineering Group Co., Ltd.
14.5.1 Overview
14.5.2 Recent Development
14.5.3 Revenue
14.6 Nagarjuna Fertilizers and Chemicals Limited
14.6.1 Overview
14.6.2 Recent Development
14.6.3 Revenue
14.7 BASF SE
14.7.1 Overview
14.7.2 Recent Development
14.7.3 Revenue
14.8 OCI Global
14.8.1 Overview
14.8.2 Recent Development
14.8.3 Revenue
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