Report ID: UCMIG15C2040
Report ID:
UCMIG15C2040 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global specialty fertilizers industry, with a market value of $24.16 billion in 2022, is set to experience substantial growth, reaching an estimated $25.49 billion in 2023 and further expanding to $41.78 billion by 2030. This growth is characterized by a steady compound annual growth rate (CAGR) of 7.31% over the forecast period. Specialty fertilizers, including controlled-release, water-soluble, agricultural micronutrients, and tailored options, find application across various crops like row crops, fruits and vegetables, turf and ornamentals, using methods such as soil application, foliar spraying, and fertigation. Leading consumer nations driving this growth include the United States, China, India, Brazil, Spain, Canada, Japan, the United Kingdom, Turkey, and Australia, primarily due to their significant agricultural production.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Fertilizers & Agricultural Chemicals by segment aggregation, the contribution of the Fertilizers & Agricultural Chemicals in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG15C2040