United States Specialty Fertilizers Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DM2112 | Last Updated On: Nov 07 2022 | Available Formats

> United States Specialty Fertilizers Market Expected to reach a high CAGR of ~3.98% By 2029: DataM Intelligence

United States Specialty Fertilizers Market is segmented by Class (Nutrient Specialty Fertilizers (Micronutrients, Nitrification and Urease Inhibitors, Others), Bio Stimulants, Biological Fertilizers/Stimulants), By Compound Type (Phosphate Fertilizers (Monoammonium Phosphate (MAP), Diammonium Phosphate, Others), Nitrogen Compounds (Ammonium Nitrate, Calcium Nitrate (CN), Urea, Others), Potash Compounds (Potassium Sulfate (SOP), Potassium Nitrate (NOP), Others), Others), By Crop Type (Cereals & Oilseeds, Fruits & Vegetables, Turf & Ornamental, Others), and By Region – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The "United States Specialty Fertilizers Market" is expected to grow at a CAGR of 3.98% during the forecasting period (2022-2029).

United States Specialty Fertilizers Market Scope

Metrics

Details

Market CAGR

3.98%

Segments Covered

By Class, By Compound Type,By Crop Type and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

Get A Free Sample Click Here

Specialty fertilizers are materials that help enhance the water and nutrient efficiency in farming practices. These chemicals are formulated to cater to the unique nutrient needs of a particular plant or soil. The application of these materials prolongs the availability of nutrients to plants by controlling the amount of moisture contact with the plant. Specialty fertilizers also contain a considerable amount of primary, secondary, and micronutrients essential for the growth of plants and thus evolved as an integral part of crop nutrition. The increasing need for a high yield is driving the U.S specialty fertilizers market. Optimized crop nutrition is a better approach, which enables the crop to improve its yield. Specialty Fertilizers are the best source of crop nutrition.

Market Dynamics:

Specialty fertilizers are materials that help enhance the water and nutrient efficiency in farming practices. These chemicals are formulated to cater to the unique nutrient needs of a particular plant or soil. The application of these materials prolongs the availability of nutrients to plants by controlling the amount of moisture contact with the plant. Specialty fertilizers also contain a considerable amount of primary, secondary, and micronutrients essential for the growth of plants and thus evolved as an integral part of crop nutrition. The increasing need for a high yield is driving the U.S specialty fertilizers market. Optimized crop nutrition is a better approach, which enables the crop to improve its yield. Specialty Fertilizers are the best source of crop nutrition.

However, High and low profitability for farmers and decreasing number of farms in the U.S are the primary hindering the growth of U.S Specialty Fertilizers Market during the forecast period.

Market Segmentation

U.S Specialty Fertilizers Market is segmented on the basis of compound type into phosphate fertilizers, nitrogen compounds, potash compounds, and others.

Growth of the potassium chloride market is gaining traction by the surge in demand for potash specialty fertilizers owing to its properties which supports the improvement in flavors, color, and texture to crops. Potassium is the third major plant and crop nutrient after nitrogen and phosphorous. Potash is important for agriculture because it improves water retention, yield, nutrient value, taste, color, texture, and disease resistance of food crops. It has wide application to fruit and vegetables, rice, wheat and other grains, sugar, corn, soybeans, palm oil, and cotton, all of which benefit from the nutrient’s quality enhancing properties. The rise in the country’s population has spurred the demand for food grains which in turn has increased the demand for potassium fertilizers.

Competitive Analysis

The United States specialty fertilizers market is moderately consolidated. The majority of market share hold by five companies such as Nutrien Ltd., The Mosaic Company, Yara, K+S, and ICL Fertilizers. Among these five companies, Nutrien Ltd holds a major share owing to its wide product portfolio and a greater number of production plants in the US and Canada. Nutrien Ltd majorly produces potash fertilizer in the country. The company accounted for approximately 63% of potash production capacity in total North American potash production capacity.

Companies are focusing on the expansion of business and mergers and acquisitions to improve their market share and contribute to the growth of their entities.

For instance, in February 2019, Haifa Group announced the opening of a new trading company in China. The establishment of the new Haifa subsidiary in China will enable the group to significantly expand its offerings to the developing Chinese agricultural sector.

Some of the key players in the U.S Specialty Fertilizers Market include Yara International, Graco Fertilizer Company, K+S Group, and many others.

Why Purchase the Report?

  • Visualize the composition of the U.S Specialty Fertilizers Market in terms of various class, compound type,s and crop types highlighting the key commercial assets and players.

  • Identify commercial opportunities in U.S Specialty Fertilizers Market by analyzing trends and co-development deals.

  • Excel data sheet with thousands of data points of U.S Specialty Fertilizers Market - level 4/5 segmentation.

  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

  • Product mapping in excel for the key product of all major market players

**The U.S. Specialty Fertilizers report will provide access to approximately 36 market data tables, 29 figures, and 98 pages.

Target Audience

Frequently Asked Questions

What is the Projected CAGR value of the United States Specialty Fertilizers Market?

United States Specialty Fertilizers Market is expected to grow at a CAGR of 3.98% during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

North America region Controls the United States Specialty Fertilizers Market during 2022-2029.

Which is the fastest growing region in theUnited States Specialty Fertilizers Market?

Among all regions, Asia Pacific is the fastest growing market share during the forecast period.

Did not find what you were looking for?Every 7 out of 10 customers request tailored reports. Get yours today!
We collate your requirements.
Our global research team is put into action.
We deliver, and make sure your endeavour is a success!

Buy This Report

20% Discount Applied*



Note*: For "Bundle/Bulk" Subscription of Reports,
please contact: [email protected]

Get your free sample proposal with a single click!

linkedinpinterest