- NPK Compound Fertilizers,
- Water Soluble NPK Fertilizers (Fertigation Grade),
- Seaweed Bio-stimulants,
- Amino Acid-based Bio-stimulants,
- Slow & Controlled Release Fertilizers,
- Liquid Micronutrients Fertilizer,
- Chelated Trace Elements
NPK Compound And Specialty Fertilizers Market size was valued at USD 38,967.5 million in 2022 and is expected to grow at a significant CAGR of 2.3% over 2023-2029. The expansion of the agricultural sector is driving the global NPK fertilizer market. The innovation of new technology and higher crop yield also increases the demand for NPK fertilizers across the globe. The demand for food in major dominating regions such as North America and the Asia Pacific region has paved the way for opportunities in the growth of the NPK fertilizer market. The NPK compounds & specialty fertilizer market is fueled by the growth in the agriculture sector worldwide. However, the demand for fruits and vegetables later created a demand for increased cultivation. The Powder segment has a higher value than all the other segments. Powdered NPK fertilizers (food-grade) have a longer shelf life than liquid NPK fertilizers (food-grade), and they are also easier to apply and transport. These elements influence the powder segment of NPK fertilizers (food-grade).
NPK Compound And Specialty Fertilizers Market Developments:
- In September 2021, Yara announced the acquisition of Ecolan Oy, a Finnish producer of recycled fertilizers. This is Yara's first acquisition in the organic fertilizer segment and reflects their commitment to play a bigger role in organic farming and in contributing to the circular economy.
- In February 23, 2022, EuroChem Group (hereafter EuroChem, or the Group), a leading global fertilizer producer, announced that it had completed the acquisition of the Serra do Salitre phosphate project in Brazil.
Npk Compound And Specialty Fertilizers Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
2.3%
Largest Market
Asia-Pacific
Fastest Growing Market
North America
NPK Compound And Specialty Fertilizers Market Dynamics
The increase in the demand for food and food products because of the rapid growth in the population is one of the major driving forces to increase the Market Size. Furthermore, the advancement of new technology, the awareness of the quality food products, and new ideas in agricultural farming are the most important drivers of the NPK Fertilizers Market. Moreover, stringent regulation by the government and fluctuation in price, storage, and handling costs may hamper the growth of NPK fertilizer in the global market.
Asia-Pacific Got Significant Share
NPK Compound And Specialty Fertilizers Market
The Asia-Pacific NPK compound & specialty fertilizers market is expected to have the highest share of the revenue in 2021, and it is expected to grow rapidly in the following years. Furthermore, Europe is the fastest-growing market in terms of demand, adoption, and introduction of new technology. Moreover, increasing demand for NPK compound fertilizers and other specialty fertilizers from paddy, maize, palm oil, rubber, sugar cane, fruits, and vegetable crops.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Npk Compound And Specialty Fertilizers Market Segmentation
By Fertilizer
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
Frequently Asked Questions
The NPK Compound And Specialty Fertilizers Market size was valued at USD 38,967.5 million in 2022
Nutrien Ltd., Israel Chemicals Ltd. (ICL) The Mosaic Company, CF Industries Holdings Inc., EuroChem Group AG, Kingenta Ecological Engineering Group Co.Ltd., Yara International ASA
The NPK Compound And Specialty Fertilizers Market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 1. Executive Summary |
| 2. Global NPK Compound And Specialty Fertilizers Introduction |
| 2.1.Global NPK Compound And Specialty Fertilizers - Taxonomy |
| 2.2.Global NPK Compound And Specialty Fertilizers - Definitions |
| 2.2.1.By Fertilizer |
| 2.2.2. By Geography |
| 2.2.3.Region |
| 3. Global NPK Compound And Specialty Fertilizers Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global NPK Compound And Specialty Fertilizers Analysis, 2018 - 2022 and Forecast 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global NPK Compound And Specialty Fertilizers By By Fertilizer, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 5.1. NPK Compound Fertilizers, |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Water Soluble NPK Fertilizers (Fertigation Grade), |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Seaweed Bio-stimulants, |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Amino Acid-based Bio-stimulants, |
| 5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Slow & Controlled Release Fertilizers, |
| 5.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Liquid Micronutrients Fertilizer, |
| 5.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Chelated Trace Elements |
| 5.7.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 6. Global NPK Compound And Specialty Fertilizers By By Geography, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 6.1. North America |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Europe |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Asia Pacific |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Latin America |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. MEA |
| 6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7. Global NPK Compound And Specialty Fertilizers By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8. North America NPK Compound And Specialty Fertilizers ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 8.1. By Fertilizer Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.NPK Compound Fertilizers, |
| 8.1.2.Water Soluble NPK Fertilizers (Fertigation Grade), |
| 8.1.3.Seaweed Bio-stimulants, |
| 8.1.4.Amino Acid-based Bio-stimulants, |
| 8.1.5.Slow & Controlled Release Fertilizers, |
| 8.1.6.Liquid Micronutrients Fertilizer, |
| 8.1.7. Chelated Trace Elements |
| 8.2. By Geography Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.North America |
| 8.2.2.Europe |
| 8.2.3.Asia Pacific |
| 8.2.4.Latin America |
| 8.2.5.MEA |
| 8.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9. Europe NPK Compound And Specialty Fertilizers ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 9.1. By Fertilizer Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.NPK Compound Fertilizers, |
| 9.1.2.Water Soluble NPK Fertilizers (Fertigation Grade), |
| 9.1.3.Seaweed Bio-stimulants, |
| 9.1.4.Amino Acid-based Bio-stimulants, |
| 9.1.5.Slow & Controlled Release Fertilizers, |
| 9.1.6.Liquid Micronutrients Fertilizer, |
| 9.1.7. Chelated Trace Elements |
| 9.2. By Geography Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.North America |
| 9.2.2.Europe |
| 9.2.3.Asia Pacific |
| 9.2.4.Latin America |
| 9.2.5.MEA |
| 9.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 9.3.6.Rest of EU |
| 10. Asia Pacific (APAC) NPK Compound And Specialty Fertilizers ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 10.1. By Fertilizer Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.NPK Compound Fertilizers, |
| 10.1.2.Water Soluble NPK Fertilizers (Fertigation Grade), |
| 10.1.3.Seaweed Bio-stimulants, |
| 10.1.4.Amino Acid-based Bio-stimulants, |
| 10.1.5.Slow & Controlled Release Fertilizers, |
| 10.1.6.Liquid Micronutrients Fertilizer, |
| 10.1.7. Chelated Trace Elements |
| 10.2. By Geography Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.North America |
| 10.2.2.Europe |
| 10.2.3.Asia Pacific |
| 10.2.4.Latin America |
| 10.2.5.MEA |
| 10.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11. Middle East and Africa (MEA) NPK Compound And Specialty Fertilizers ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 11.1. By Fertilizer Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.NPK Compound Fertilizers, |
| 11.1.2.Water Soluble NPK Fertilizers (Fertigation Grade), |
| 11.1.3.Seaweed Bio-stimulants, |
| 11.1.4.Amino Acid-based Bio-stimulants, |
| 11.1.5.Slow & Controlled Release Fertilizers, |
| 11.1.6.Liquid Micronutrients Fertilizer, |
| 11.1.7. Chelated Trace Elements |
| 11.2. By Geography Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.North America |
| 11.2.2.Europe |
| 11.2.3.Asia Pacific |
| 11.2.4.Latin America |
| 11.2.5.MEA |
| 11.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12. Latin America NPK Compound And Specialty Fertilizers ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 12.1. By Fertilizer Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.NPK Compound Fertilizers, |
| 12.1.2.Water Soluble NPK Fertilizers (Fertigation Grade), |
| 12.1.3.Seaweed Bio-stimulants, |
| 12.1.4.Amino Acid-based Bio-stimulants, |
| 12.1.5.Slow & Controlled Release Fertilizers, |
| 12.1.6.Liquid Micronutrients Fertilizer, |
| 12.1.7. Chelated Trace Elements |
| 12.2. By Geography Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.North America |
| 12.2.2.Europe |
| 12.2.3.Asia Pacific |
| 12.2.4.Latin America |
| 12.2.5.MEA |
| 12.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1. Nutrien Ltd. |
| 13.2.2. Israel Chemicals Ltd. (ICL) |
| 13.2.3. The Mosaic Company |
| 13.2.4. CF Industries Holdings Inc. |
| 13.2.5. EuroChem Group AG |
| 13.2.6. Hanfeng Evergreen |
| 13.2.7. Coromandel International Limited |
| 13.2.8. Sociedad Quimica y Minera de Chile S.A. (SQM) |
| 13.2.9. Haifa Group |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
- Nutrien Ltd.
- Israel Chemicals Ltd. (ICL)
- The Mosaic Company
- CF Industries Holdings Inc.
- EuroChem Group AG
- Hanfeng Evergreen
- Coromandel International Limited
- Sociedad Quimica y Minera de Chile S.A. (SQM)
- Haifa Group
- Kingenta Ecological Engineering Group Co.Ltd.
- Yara International ASA