DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/vw58p7/specialty) has announced the addition of the "Specialty Fertilizers Market by Type, by Crop Type & by Region - Global Trends & Forecast to 2020" report to their offering.
Growers involved in agriculture and horticulture face significant challenges in maximizing the returns on their investments. This requires efficient use of inputs. Income of farmers is dependent on crop quality and yield. Specialty fertilizers allow a slow or delayed release of nutrients into the root zone throughout the crop development period. The rate of release of the nutrients depends on the thickness of coating on the fertilizers and the environmental conditions such as temperature.
Specialty fertilizers reduce the toxicity that is caused due to high ionic concentration. They also help plants in meeting the full nutrient requirements and minimize the possibility of fertilizer wastage. Specialty fertilizers can also be used as binding agents to prevent leaching, and can be employed as an adhesive in order to increase pesticide intake. The use of specialty fertilizers has increased globally due to various factors such as ease of use, reduced application cost, and the reduced environmental impact.
The global specialty fertilizers market is projected to grow at a CAGR of 7.0% from 2015 to reach $19,885 million by 2020.. The market was dominated by North America, which accounted for around 39.60% of the total share, in 2014. The Asia-Pacific region is projected to be the fastest-growing market, owing to the growing demand for food products and environment-friendly agri-inputs.
China is projected to be the fastest-growing market for specialty fertilizers, followed by India. The turf & ornamentals segment is projected to be the biggest and fastest-growing market for specialty fertilizers, globally, from 2015 to 2020. The cereals & oilseeds and fruits & vegetables segments are projected to grow significantly, at a CAGR of 7.1% and 7.0%, respectively.
The global specialty fertilizers market is characterized by intense competition due to the presence of a large number of both, large- and small-scale firms. New product launches & development, expansions, investments, collaborations, acquisitions; agreements, partnerships & joint ventures were the key strategies adopted by market players to ensure their growth in the market.
Key Topics Covered
- Research Methodology
- Executive Summary
- Premium Insights
- Market Overview
- Industry Trends
- Specialty Fertilizers Market, By Type
- Specialty Fertilizers Market, By Crop Type
- Specialty Fertilizers Market, By Region
- Competitive Landscape
- Company Profiles
- Coromandel International
- Haifa Chemicals
- Israel Chemical
- Sinochem Group
- Sociedad Quimica Y Minera
- The Mosaic Company
- The Potash Corporation of Saskatchewan
- Yara International
For more information visit http://www.researchandmarkets.com/research/vw58p7/specialty