Market Research Future (Food and Beverages) Specialty Fertilizers Market Research Report | Page 3

Specialty Fertilizers Market Research Report- Forecast till 2023
2 Market Overview
Specialty fertilizers are the fertilizers diversified to get high yield and high-quality product by providing plant nutrition
for the soil. Their use increases the grower’s return, helps meet the market demand for quality crops, and enables
higher margins than those normally achieved with high-volume fertilizers. The most commonly used specialty
fertilizers include nitrogen fertilizers, phosphate fertilizers, potash fertilizers, and others. They are applicable to
cereals & oilseeds, fruits & vegetables, turf & ornamentals, and others.
Specialty fertilizers are used to promote plant health and increase agriculture productivity. They have gained status
globally, as they help in increasing the quantity as well as improving the quality of the produce. The continuous rising
population is increasing the demand for high agricultural productivity and driving the growth of global specialty
fertilizers market.
Change in farming practices and technology leading to increasing acceptance of modern farming and protected
agriculture is boosting the growth of the specialty fertilizers market. Moreover, limited availability of cultivable land
due to increasing soil erosion and land pollution is further boosting the need for specialty fertilizers to increase farm
productivity. However, growing trend for organic foods is restraining the growth of the market. Nevertheless, the
market for organic specialty fertilizers can act as an opportunity for specialty fertilizers market.
Segments
Specialty fertilizers market is segmented on the basis of a type such as nitrogen fertilizers, phosphate
fertilizers, potash fertilizers, and others. Among all, the potash fertilizers segment is holding the major
market share. Moreover, in potash fertilizers, potassium chloride is dominating the market. However, the
nitrogen fertilizers segment is experiencing a decent growth over the forecast period.
Based on the crop type, the specialty fertilizers market is segmented into cereals & oilseeds, fruits &
vegetables, turf & ornamentals, and others. Among all, the turf & ornamentals segment is witnessed to
be dominating the specialty fertilizers market. However, the cereal and oilseeds segment is expanding at
a high rate during the given period of time.
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