Specialty Fertilizers Market To Reach $53,383.72 Million By 2030

Specialty Fertilizers Market Growth & Trends

The global specialty fertilizers market size is anticipated to reach USD 53,383.72 million by 2030 and is projected to grow at a CAGR of 5.8% from 2025 to 2030, according to a new report by Grand View Research, Inc. The increasing adoption of specialty fertilizers is due to the increasing concern over the environment, which is expected to drive the market during the forecast period.

Specialty fertilizers are known for their precise and localized application, which leads to high nutrient use efficiency. This, in turn, reduces the dependency of growers on commercial fertilizers. In addition, the use of specialty fertilizers helps achieve higher-quality crops while causing a lower environmental impact. This trend is expected to drive market growth, particularly in terms of value sales during the study period.

The global market can be classified into two categories: dry and liquid specialty fertilizers. In 2023, the dry specialty fertilizers segment is predicted to have the largest global market share. This is primarily due to the increasing use of controlled-release and slow-release fertilizers and the simplicity of application and high efficiency of dry specialty fertilizers. In addition, their cost-effectiveness, extended shelf life, ability to provide long-term nutrient release, and high efficacy in all weather conditions compared to their counterparts further contribute to the market growth.

The market is witnessing remarkable growth owing to the rising demand for grains and cereals. As per the Ministry of Agriculture of India, the country produced 102.36 million tons of rice in the 2020-2021 fiscal year, nearly 6.70 million tons higher than the average production of 95.66 million tons in the previous five years. This surge in rice production presents significant opportunities for market growth.

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Specialty Fertilizers Market Report Highlights

• Based on application, the fertigation segment led the market with the largest revenue share of over 54.11% in 2024. The application of fertilizers through irrigation systems is a precise and efficient method that aligns with the trends of sustainable agriculture and environmental goals

• Based on technology, the water soluble fertilizers segment is expected to grow at the fastest CAGR over the forecast period. The need for sustainable agriculture practices and the rising global population

• Based on type, the micronutrient fertilizers segment is expected to grow at the fastest CAGR during the forecast period, due to the increasing demand for high-efficiency fertilizers that address specific nutrient deficiencies in soils

• The specialty fertilizers market in Central and South America is anticipated to grow at a significant CAGR during the forecast period, due to rising adoption of agrochemicals, advancement in farming techniques in Brazil & Argentina, and extensive distribution channels of global agrochemicals player are projected to drive the market growth

Specialty Fertilizers Market Segmentation

Grand View Research has segmented the global specialty fertilizers market report based on technology, type, crop type, application, and region:

Specialty Fertilizers Technology Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

• Controlled-release Fertilizers

• Water-soluble Fertilizers

• Liquid Fertilizers

• Micronutrients

• Others

Specialty Fertilizers Type Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

• Urea Ammonium Nitrate

• Calcium Ammonium Nitrate

• Monoammonium Phosphate

• Sulfate of Potash

• Potassium Nitrate

• Urea Derivatives

• Blends of NPK

• Others

Specialty Fertilizers Crop-Type Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

• Cereals & Grains

• Frutis & Vegetables

• Oilseeds & Pulses

• Other

Specialty Fertilizers Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

• Fertigation

• Foliar

• Soil

Specialty Fertilizers Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Central & South America

  • Brazil

  • Argentina

• Middle East and Africa

  • Saudi Arabia

  • South Africa

List Of Key Players in the Specialty Fertilizers Market

• Nutrien Ltd

• Yara

• ICL

• The Mosaic Company

• CF Industries and Holdings, Inc.

• Nufarm

• SQM SA

• OCP Group

• K+S Aktiengesellschaft

• Eurochem Group

• Sociedad Quimica y Minera de Chile SA