According to the recent research report titled ‘Global Specialty Fertilizers Market - Analysis By Product, Crop, Ingredients, By Region, By Country (2020 Edition): Market Insights and Outlook Post Covid-19 Pandemic (2020-2025)’, available with Market Study Report, global specialty fertilizers market was worth USD 36.63 billion with volume as 7445.56 tons in 2019 and is projected to record considerable growth during 2020-2025.
 

Cognizance regarding the benefits offered by the product and subsequent adoption, especially among farmers and gardeners, is primarily driving global specialty fertilizers market growth.
 

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Notably, specialty fertilizers are an efficient and easy way to provide garden or households plants with nutrients regularly. The intention of adding specialty fertilizers to soil is to supply adequate amount of nutrients to the crops and thus prevent soil toxifications due to over-fertilization. These fertilizers comprise of a wide range of ingredients with various characteristics consisting of one or more of vital primary, micro, or secondary nutrients.
 

Based on product type, the market is segmented into micronutrient fertilizers, controlled release fertilizers, slow release fertilizers, compound fertilizers, and others. The report cites that compound fertilizers segment is gaining traction owing to optimized yield, and consumer awareness about nutritional balance and soil profile.
 

Speaking of crop type, global specialty fertilizers market is divided into turf & ornaments, fruits & vegetables, cereals & oilseeds, and others. Among these, cereals & oilseeds segment dominates the overall market share on account of high consumption of liquid fertilizers for the crops, especially in North American and Asian countries. Nitrogen in these fertilizer solutions for cereals & oilseeds aids to enhance penetration of active ingredients and spray droplet retention in plant foliage.
 

Moving on to ingredients, the industry segmentation comprises potassium nitrate, potassium sulphate, MAP, CAN, and UAN. Of these, UAN segment holds major share in worldwide specialty fertilizers industry, attributable to it being brilliant irrigation fertilizer for irrigated plant cultivation and cereal production. Urea Ammonium Nitrate is generally used before ploughing the field, as it helps in improving degradation.
 

Citing the regional landscape, Asia Pacific presently holds significant industry share, creditable to China and India, which are agriculture-dependent nations. Surging demand for specialty fertilizers is due to governments subsidies on the product to enhance crop yield, which further boost the regional market outlook.
 

Leading organizations impacting global specialty fertilizers market trends are Wilbur-Ellis Company Inc., Haifa Group, OCP S.A., EuroChem Group AG, CF Industries Holdings Inc., The Mosaic Company, K+S AG, Israel Chemicals Ltd., Yara International ASA, and Nutrien.