According to a new market report by Lucintel, the future of the specialty fertilizers market looks promising with opportunities in the cereals & oilseeds, fruits & vegetables, turf & ornamentals, and pulses farming. The specialty fertilizers market is expected to grow with a CAGR of 7% from 2019 to 2024. The major drivers for this market are growing population, increasing demand for food, and growing awareness regarding health.
In this market, monoammonium phosphate, monopotassium phosphate, potassium nitrate, potassium chloride, potassium sulfate, urea, ammonium nitrate, and phosphoric acid are the major specialty fertilizers. These specialty fertilizers are used in cereals & oilseeds, fruits & vegetables, turf, and ornamentals production. Turf and ornamentals will remain the largest segment. Lucintel predicts that cereals and oilseeds are expected to witness highest growth during forecast period.
North America will remain the largest region and Asia Pacific (APAC) is expected to witness the highest growth over the forecast period due to increasing population, increasing purchasing power, rising health concerns, and growth in environment-friendly agri-inputs.
Yara International, Agrium Inc., Mosaic Company, ICL Fertilizers, Israel Chemical Limited, and Honeywell are among the major manufacturers of specialty fertilizers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the specialty fertilizers market by fertilizer type, crop type, and region. Lucintel has prepared a comprehensive research report titled "Specialty Fertilizers Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the specialty fertilizers market by fertilizer type, crop type, and region as follows:
By Fertilizer Type [$M shipment analysis for 2013 – 2024]:
• Water Soluble
• Slow & Controlled Released Fertilizers
• Micronutrient & Secondary Nutrient Fertilizers
• Stabilized Fertilizers
By Intermediate Type [$M shipment analysis for 2013 – 2024]:
• Monoammonium Phosphate
• Monopotassium Phosphate
• Potassium Nitrate
• Potassium Chloride
• Potassium Sulfate
• Ammonium Nitrate
• Phosphoric acid
By Crop Type [$M shipment analysis for 2013 – 2024]:
• Cereals & Oilseeds
• Fruits & Vegetables
• Turf & Ornamentals
• Others (pulses, sugar crops, fiber crops, and plantation crops)
By Region [$M shipment analysis for 2013 – 2024]:
• North America
• Asia Pacific
• Rest of the World (RoW)
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link………[email protected]
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1.What are some of the most promising potential, high-growth opportunities for the specialty fertilizers market by fertilizer type (water soluble, fertilizers, slow & controlled released fertilizers, micronutrient & secondary nutrient fertilizers, bio-stimulant, fertilizers, and stabilized fertilizers), intermediate (monoammonium phosphate, monopotassium phosphate, potassium nitrate, potassium chloride, potassium sulfate, urea, ammonium nitrate, phosphoric acid, and others), crop type (cereals & oilseeds, fruits & vegetables, turf & ornamentals, and Others), and region (North America, Europe, Asia Pacific, and RoW)?
Q.2.Which segments will grow at a faster pace and why?
Q.3.Which regions will grow at a faster pace and why?
Q.4.What are the key factors affecting market dynamics? What are the drivers and challenges of the specialty fertilizers market?
Q.5.What are the business risks and threats to the specialty fertilizers market?
Q.6.What are the emerging trends in this specialty fertilizers market and the reasons behind them?
Q.7.What are some changing demands of customers in the specialty fertilizer market?
Q.8.What are the new developments in the specialty fertilizers market? Which companies are leading these developments?
Q.9.Who are the major players in this specialty fertilizer market? What strategic initiatives are being implemented by key players for business growth?
Q.10.What are some of the competitive products and processes in the specialty fertilizer market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities did take place in the last five years in the specialty fertilizer market?