Specialty Fertilizers Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Monopotassium Phosphate, Monoammonium Phosphate, Potassium Nitrate, Potassium Sulphate, Potassium Chloride, Urea, Ammonium Nitrate, UAN, Phosphoric Acid, Others), By Crop (Fruits and Vegetables, Cereals and Oilseeds, Turf and Ornamentals, Others), By Applications (Agriculture, Horticulture, Aquaculture, Fertigation, Nutrition, Foliar), and Region.

Specialty Fertilizers Market size was valued at US$ 37.42 billion in 2023 and is expected to reach US$ 63.31 billion by 2030, at a CAGR of 6.8% from 2024-2030. specialty fertilizers market is expected to expand at tremendous growth rates due to its wide range of benefits over traditional fertilizers. Fertilizers that are applied in specific soil and plant conditions are known as specialty fertilizers. To boost production levels, specialty fertilizers are administered to plants for specialized activity.

Essential nutrients are released by specialty fertilizers. These nutrients are in insufficient quantities and are absorbed fully by the plants. It regulates the quantity of moisture that comes into touch with it. Furthermore, technological advancements, an increase in support of governments, a growing population pool, a growing demand for food, and growing awareness regarding health care concerns further fuel the growth of specialty fertilizers. On the other hand, factors like complexity in production, and high costs of specialty fertilizers are expected to hinder the growth of the specialty fertilizers market.

The granulated fertilizers that supply nutrients to soil and crops gradually are known as specialty fertilizers. These are classified into three types, slow-release fertilizers, controlled-release fertilizers, and fertilizers associated with the enzymatic processes inhibitors. Slow-release fertilizers release the nutrients at a low predictable rate and controlled-release fertilizers release the nutrients at predictable rates in a specific period.