Specialty Fertilizers Market To Rise To US$14,734.4 mn by 2025
There is no foreseeable decline in the escalation of demand for food ingredients as
developing nations’ populations continue to mount. However, arable land is limited and
consistently decreasing too. Coupled with changes to the environment that pollution has
caused, there is a strong requirement for measures that can increase the efficiency or yield of
limited arable land. Specialty fertilizers are a boon for agri-retailers and growers in order to
increment crop production as they supply necessary nutrients during seasons when
groundwater is low. Specialty fertilizers help soil to overcome deficiencies and attain greater
fertility, and their adoption is on the rise.
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Global Demand for Specialty Fertilizers to Increment at 5.7% CAGR during 2017-2025
A recent business intelligence report developed at Transparency Market Research (TMR) has
projected that the demand in the global specialty fertilizers market will expand at a notable
CAGR of 5.7% during the forecast period of 2017 to 2025. In terms of revenue, the analyst of
the report has estimated the market to attain a value of US$14,734.4 million, substantially
more than the market’s evaluated worth of US$8,987.3 million as of 2016.
The analyst of the report has highlighted a vendor landscape wherein the global specialty
fertilizers market shares are fairly consolidated among a handful of major players. Major
companies such as Coromandel International Limited, Haifa Chemicals Limited, Yara
International ASA, The Potash Corporation of Saskatchewan Inc., Sociedad Quimica Y
Minera S.A., Agrium Inc., and Israel Chemical Limited boast of their expansive geographical
presence and are consistently improving their product portfolio to stay ahead of the curve.
Most of these players are eyeing emerging economies in Asia Pacific that are prospering on
economic growth and have a strong