Global Specialty Fertilizers Market Report 2020-2025: Rising Environmental Concerns to Encourage the Adoption of Specialty Fertilizers
The global specialty fertilizers market is estimated to be valued at USD37.6 billion in 2020 and is projected to reach USD 51.3 billion by 2025, recording a CAGR of 6.4%.
- The global specialty fertilizers market is estimated to be valued at USD37.6 billion in 2020 and is projected to reach USD 51.3 billion by 2025, recording a CAGR of 6.4%.
- The urea-ammonium nitrate (UAN)segment is projected to be the largest segment, by type, in the specialty fertilizers market during the forecast period.
- Hence, the increase in food demand from this region has led to a surge in the use of specialty fertilizers.
- The high cost of these fertilizers is a key factor inhibiting the growth of the Asia Pacific market.