January 21, 2025 | 12:24 GMT +7

  • Click to copy
Monday- 10:01, 22/04/2024

North America specialty fertilizer market projected to surpass USD 14 billion by 2030

(VAN) The 'North America Specialty Fertilizer - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2016 - 2030' report has been added to ResearchAndMarkets.com's offering.

The latest report on the North America Specialty Fertilizer Market provides insight into market share analysis, industry trends, and statistics. Experts predict significant growth in the sector, with the market size estimated to increase from around USD 10.33 billion in 2024 to an expected USD 14.39 billion by 2030. This indicates a strong compound annual growth rate (CAGR) of 5.68%.

Liquid Fertilizer Dominates as the largest segment by Specialty Type in the market, with its vital role in maintaining soil pH and preventing nitrogen leaching, especially given the acidic soil nature prevalent in North American regions. As a cornerstone of advanced agriculture, liquid fertilizers have shown a substantial increase in demand.

SRF Emerges as Fastest Growing Segment, advocating a secure and environmentally friendly approach to soil nutrition. The capability of Slow-Release Fertilizers (SRF) to dispense nutrients precisely throughout the cropping season has highlighted its importance in the reduction of nutrient leaching, providing a significant growth trajectory.

Turf & Ornamental Leads Crop Type Segment, requiring year-round maintenance that specialty fertilizers facilitate. The trend reflects the need for ease of application and efficiency in fertilizer usage for these high-maintenance crops.

Market Trends and Drivers

  • The integration of fertigation practices, leveraging well-developed irrigation systems, less labor, and shorter timeframes for uptake by plants, is fueling market growth.

  • Precision agriculture advancements are catalyzing the demand for specialty fertilizers, with controlled-release and slow-release variants playing a pivotal role.

  • Novel cultivation approaches like hydroponics and aquaponics are gaining traction, augmenting demand for water-soluble and liquid fertilizers.

  • With a burgeoning population and diminishing arable land, the push for higher yields is set to spur market expansion.

The report underscores that the North America Specialty Fertilizer Market is moderately consolidated, with the leading players controlling a significant market fraction. As market intelligence indicates progressive strides within the industry, stakeholders anticipate a robust period of growth and innovation in specialty fertilizers in the North American region.

The findings and projections of this report lay the groundwork for understanding current market dynamics, the competitive landscape, and the potential for future developments, offering crucial insight to industry players, policymakers, and investors.

H.D

(Finance)

Corn, soybean futures rally on USDA data

Corn, soybean futures rally on USDA data

(VAN) Bringing the bulls to market was the USDA’s downward revision of 2024-25 forecasts for US corn and soybean carryover, production and yields.

Cinnamon leaves have become an export commodity to India

Cinnamon leaves have become an export commodity to India

(VAN) A cooperative has processed cinnamon leaves for export to India, creating regular employment for dozens of workers who have a stable income from this byproduct.

Wood and wood products exports set a new record

Wood and wood products exports set a new record

(VAN) Wood and wood products exports in 2024 have surpassed the record set in 2022, establishing a new milestone in export revenue.

USDA raises soybean oil exports for a third time

USDA raises soybean oil exports for a third time

(VAN) The US Department of Agriculture seems to have had a difficult time projecting US soybean oil exports for this marketing year.

U.S. egg industry sees record chicken deaths from bird flu outbreak

U.S. egg industry sees record chicken deaths from bird flu outbreak

(VAN) Data from the USDA shows more than 20 million egg-laying chickens in the U.S. died last quarter because of bird flu.

The first farm in Dak Nong exports vegetables to Singapore

The first farm in Dak Nong exports vegetables to Singapore

(VAN) DNo Farm is the first entity to cultivate vegetables and fruits that meet GlobalGAP standards, and it is also the first and only entity in Dak Nong to export these products to Singapore.

Will USDA data dump spoil the bullish party for corn?

Will USDA data dump spoil the bullish party for corn?

(VAN) If anything can derail a price rally, it is a curveball from the U.S. Department of Agriculture.

Read more