Specialty Fertilizers Market worth $19,885 Million by 2020

The report “Specialty Fertilizers Market by Type (Monoammonium Phosphate, Monopotassiun phosphate, Potassium Nitrate, Potassium Chloride, Potassium Sulfate, Urea, UAN, and Others), Crop Type, & by Region - Global Trends & Forecast to 2020” defines and segments the specialty fertilizers market with analyses and projections of the size of the specialty fertilizers market. It also identifies the driving and restraining factors of the market with analyses of trends, opportunities, burning issues, and challenges.
Specialty Fertilizers Market by Type (Monoammonium Phosphate, Monopotassiun phosphate, Potassium Nitrate, Potassium Chloride, Potassium Sulfate, Urea, UAN, and Others), Crop Type, & by Region - Global Trends & Forecast to 2020

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A balanced supply of essential plant nutrients is critical for successful crop production. Traditionally, farmers used a combination of conventional fertilizers such as urea for nitrogen, DAP (diammonium phosphate) or MAP (monoammonium phosphate) for phosphate, MOP (muriate of potash), SOP (sulfate of potash) for potash or compound fertilizers such as NPKs for all three nutrients to grow their crops. Specialty fertilizer products (such as calcium nitrate and potassium nitrate) are targeted for growers of cash crops (fruits and vegetables).
The demand for specialty fertilizers is projected to continue to grow as they prove to be an efficient alternative to conventional fertilizers, owing to their environmental-friendly, resource-saving, and labor-saving characteristics. However, because of the high price of these fertilizers when compared to conventional fertilizers, their use is still limited primarily to ornamental, horticultural, and turf applications. As larger production scales for specialty fertilizers are achieved, costs will continue to decline, making them more attractive for commodity/open-field/broad-acre crops such as corn, wheat, soybean, and potatoes.
The global specialty fertilizers market is projected to grow at a CAGR of 7.0% between 2015 and 2020. The market was dominated by North America, which accounted for around 39.60% of the total share, in 2014. The Asia-Pacific region is projected to be the fastest-growing market, owing to the growing demand for food products and environment-friendly agri-inputs.
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China is projected to be the fastest-growing market for specialty fertilizers, followed by India. The turf & ornamentals segment is projected to be the biggest and fastest-growing market for specialty fertilizers, globally, from 2015 to 2020. The cereals & oilseeds and fruits & vegetables segments are projected to grow significantly, at a CAGR of 7.1% and 7.0%, respectively.
The global market is characterized by intense competition due to the presence of a large number of both, large- and small-scale firms. New product launches & development, expansions, investments, collaborations, acquisitions; agreements, partnerships & joint ventures were the key strategies adopted by market players to ensure their growth in the market. The market was dominated by players such as Yara International ASA (Norway), Sociedad Quimica y Minera S.A. (Chile), Sinochem Group (China), Haifa Chemicals (Israel), Agrium Inc. (Canada), The Mosaic Company (U.S.), and the Potash Corporation of Saskatchewan Inc. (Canada).
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Scope of the report
This research report categorizes the global market for specialty fertilizers based on type, crop type, and region.
The global market for specialty fertilizers has been segmented, based on type, as follows:
• Monoammonium phosphate
• Monopotassium phosphate
• Potassium nitrate
• Potassium chloride
• Potassium sulfate
• Urea
• UAN
• Ammonium nitrate
• Phosphoric acid
• Others (ammonium sulfate, calcium nitrate, DAP, and others such as N, P & K fertilizers)

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The global market has been segmented, based on crop type, as follows:
• Cereals & oilseeds
• Fruits & vegetables
• Turf & ornamentals
• Others (pulses, sugar crops, fiber crops, and plantation crops)
The global market has been segmented, based on region, as follows:
• North America
• Europe
• Asia-Pacific
• Rest of the World (RoW)

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