The global fertilizer sector has undergone a revolution, and a new category of fertilizer generally known as speciality fertilizers have emerged. Speciality fertilizers are a fast-growing and varied group of products with different characteristics containing essential primary, secondary, or micro-nutrients. These fertilizers products are applied at special conditions of soil or plant or to induce unique activity in plants. According to Renub Research, the Global Specialty Fertilizers Market was valued at US$ 29.29 Billion in 2020.
In the present context, globally, correcting the imbalance in the soil nutrients and improving soil health has become an utmost important issue. Additionally, the need to supply a growing population, with increasingly diverse and crop-intensive diets, with more food from limited land resources drives the market growth. Globally, the government is also implementing several policies for the expansion of the market.
Specialty Fertilizers Segments Analysis
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