According to the latest study titled ‘Global Specialty Fertilizers Market - Analysis By Product, Crop, Ingredients, By Region, By Country: Market Insights and Outlook Post Covid-19 Pandemic (2020-2025)’, available with Market Study Report, global specialty fertilizers market was appraised at USD 36.63 billion in 2019 and is projected to grow substantially through 2025.
 

Rising trend of indoor gardening among millennials, and emphasis among farmers to enhance yield to meet ever-growing food demand are primarily propelling the growth of global specialty fertilizers market. Notably, specialty fertilizers contain primary and secondary micro-nutrients which provide adequate nourishment to the plants and crops with the risk of over-fertilization and soil toxification.
 

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Speaking of product terrain, worldwide specialty fertilizers marketplace is classified into micronutrient fertilizers, controlled release fertilizers, slow release fertilizers, and compound fertilizers among others. The report cites that compound fertilizers segment is gaining substantial traction in recent years, owing to improved cognizance of soil profile and nutritional balance, along with focus on optimizing yield and fertilizer use intensity.
 

Moving on crop type, the industry sphere is categorized into turf & ornaments, fruits & vegetables, cereals & oilseeds, and others, wherein the latter segment is slated to account of modest market share by the year 2025. Adoption of nitrogen based liquid fertilizer across North America and Asia pertaining to enhanced spray droplet retention and active ingredient penetration is boosting the segmental growth.
 

Based on ingredient ambit, global specialty fertilizers industry share from UAN segment is poised to grow considerably through 2025, as the product is known for its ability to provide excellent irrigation. It is used while ploughing of field and facilitates degradation.
 

From the regional frame of reference, Asia Pacific specialty fertilizers market size is reckoned to register strong CAGR over 2020-2025, led by agriculture dependent nations like India and China. Heavy subsidization of fertilizers by government to bolster crop yield is the major growth propellant.
 

Established companies profiled in the global specialty fertilizers market report are Wilbur-Ellis Company Inc., Haifa Group, OCP S.A., EuroChem Group AG, CF Industries Holdings Inc., The Mosaic Company, K+S AG, ICL Group Ltd. (previously Israel Chemicals Ltd.), Yara International ASA, and Nutrien Ltd.