Latin America Specialty Fertilizers Market was worth USD 1.91 billion in 2021 and estimated to be growing at a CAGR of 8.6%, to reach USD 2.88 billion by 2026. Speciality fertilizers are high analysis and completely water-soluble fertilizers. These are available in mono, double and multi nutrient combinations. They are available in liquid form and in crystalline state and can be applied to plants through fertigation or foliar application to maximize fertilizer use efficiency and crop productivity, minimize production cost and to improve quality of crop and its produce.
Speciality Fertilizers reduces the loss of nutrients, especially nitrates and loss of ammonia due to evaporation which subsequently decreases the risk of environmental pollution. The demand for these fertilizers is fast rising because of all the advantages they provide over the traditional fertilizers. They help reduce the environmental effects that traditional fertilizers pose to the earth.
Latin America Specialty Fertilizers Market Drivers:
The main driver of the Latin America Specialty Fertilizers market is rising demand for food. Latin American region consists of several countries with inadequate cultivable land to sustain its large population. This puts an added stress on the system to produce at more efficiency. Here specialty fertilizers are required to boost the soil fertility and improve food production rates. Other drivers of the industry include increasing health concerns due to use of conventional fertilizers, growing government support and less labour requirement. As for the constraints of the market, it is the lack of awareness about specialty fertilizers that make people still prefer conventional fertilizers. Also, the fact that specialty fertilizers are expensive compared to their conventional counterparts also doesn’t help its cause.
Latin America Specialty Fertilizers Market – By Action:
Controlled-Release Fertilizers
Latin America Specialty Fertilizers Market – By Product Types:
Latin America Specialty Fertilizers Market – By Application:
Geographical Analysis:
Based on geography, the Latin America market is divided into Mexico, Brazil, Argentina and Rest of South American countries. The Latin American market is only a minor player globally and is the second smallest market. The region though has an above average CAGR of 8.6% owing to the developing stature of the region.
Key Players:
Some of the major companies dominating the market, by their products and services include Sociedad Quimica y Minera S.A (Chile) which is native to the region as well as other global players such as Haifa Chemicals (Israel), Sinochem Group (China), Vardhaman Fertilizers and Seeds (India), Sungro Seeds (India), The Mosaic Company (USA), Verdesian Life Sciences (US), Agrium (Canada), Potash Corporation of Saskatchewan (Canada) and Yara International (Norway).
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5.1 Product Types
5.1.1 Introduction
5.1.2 Phosphatic
5.1.3 Potassic
5.1.4 Nitrogenous
5.1.5 Y-o-Y Growth Analysis, By Product Type
5.1.6 Market Attractiveness Analysis, By Product Type
5.1.7 Market Share Analysis, By Product Type
5.2 Action
5.2.1 Introduction
5.2.2 Controlled Release
5.2.3 Slow Release
5.2.4 Y-o-Y Growth Analysis, By Action
5.2.5 Market Attractiveness Analysis, By Action
5.2.6 Market Share Analysis, By Action
5.3 Crops Application
5.3.1 Introduction
5.3.2 Crop-Based Application
5.3.3 Non-Crop-Based Application
5.3.4 Y-o-Y Growth Analysis, By Crops Application
5.3.5 Market Attractiveness Analysis, By Crops Application
5.3.6 Market Share Analysis, By Crops Application
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product Types
6.1.3.3 By Action
6.1.3.4 By Crops Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product Types
6.1.4.3 By Action
6.1.4.4 By Crops Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product Types
6.1.5.3 By Action
6.1.5.4 By Crops Application
6.2 Brazil
6.3 Mexico
6.4 Rest of Latin America
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.1 Yara International
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Sociedad Quimica y Minera
8.3 Haifa Chemicals
8.4 Sinochem Group
8.5 Agrium
8.6 The Mosaic Company
8.7 Sungro Seeds
8.8 Vardhaman Fertilizers
8.9 Potash Corporation of Saskatchewan
8.10 Verdesian Life Sciences
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
Appendix
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