An Ultimate PDF Guide to Specialty Fertilizers

Specialty fertilizers are the special organic or inorganic chemical compound which is used for supplying extra amount of nutrients to the plants. The specialty fertilizers are applied in the soil which makes it more fertile and hence it enhances the growth of the plants. Moreover, the specialty fertilizers helps in retention of water and aeration along with providing nutrients. It is made up by mixture of many chemicals like nitrogen, phosphorous, potassium, calcium, molybdenum, zinc, etc. It is used by various industries such as food industry, agricultural industry, etc.

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MARKET DYNAMICS

The global specialty fertilizers market is growing at a significant pace owing to driving factors such as increasing demand from agricultural industry due to the shortage of fertile lands. Furthermore, Increasing manufacturing of food crops with the help of speciality fertlizers due to its high benefits like retaining the nutrients are likely to drive the demand for specialty fertilizers in the coming years. However, high capital cost and restrictions on usage of nitrogens by the government is projected to hinder the growth of specialty fertilizers market. Likewise, increase in funding on development of efficient techniques of farming may provide a lucrative opportunity for the market players in the near future.

MARKET SEGMENTATION

The global specialty fertilizers market is segmented on the basis ofaction and application. On the basis of action, the specialty fertilizers market is segmented into, controlled-release fertilizers (nitrogen stabilizers, nitrification inhibitor, urease inhibitors, stabilized fertilizers), slow-release fertilizers. On the basis of application, the market is bifurcated into, crop-based application (cereals & oilseeds, fruits & vegetables), non-crop-based application (turf & ornamentals,others).

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