Global Specialty Fertilizers Market Report 2021: Market to Reach $52.3 Billion by 2027 - U.S. Market is Estimated at $9.9 Billion, While China is Forecast to Grow at 8.1% CAGR - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Apr 12, 2021--
The “Specialty Fertilizers - Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Global Specialty Fertilizers Market to Reach $52.3 Billion by 2027
Amid the COVID-19 crisis, the global market for Specialty Fertilizers estimated at US$36.5 Billion in the year 2020, is projected to reach a revised size of US$52.3 Billion by 2027, growing at a CAGR of 5.2% over the analysis period 2020-2027.
Cereals & Grains, one of the segments analyzed in the report, is projected to record a 5.6% CAGR and reach US$22.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fruits & Vegetables segment is readjusted to a revised 5.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $9.9 Billion, While China is Forecast to Grow at 8.1% CAGR
The Specialty Fertilizers market in the U.S. is estimated at US$9.9 Billion in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$10.9 Billion by the year 2027 trailing a CAGR of 8.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.
Oilseeds & Pulses Segment to Record 4.6% CAGR
In the global Oilseeds & Pulses segment, USA, Canada, Japan, China and Europe will drive the 4.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$4.6 Billion in the year 2020 will reach a projected size of US$6.2 Billion by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$7 Billion by the year 2027, while Latin America will expand at a 5.6% CAGR through the analysis period.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS (Total 34 Featured):
- CF Industrial Holdings Inc.
- Coromandel International Ltd
- Eurochem Group AG
- Everris NA Inc.
- Haifa Chemicals Ltd
- Israel Chemicals Ltd
- Nutrien Limited
- Sinochem Group
- Sociedad Quimica y Minera de Chile
- The Mosaic Company
- Yara International ASA
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- United States
- United Kingdom
- Rest Of Europe
- South Korea
- Rest Of Asia-Pacific
- Latin America
- Rest Of Latin America
- Middle East
- Saudi Arabia
- United Arab Emirates
- Rest Of Middle East
- Total Companies Profiled: 34
For more information about this report visit https://www.researchandmarkets.com/r/8fuv6j
View source version on businesswire.com:https://www.businesswire.com/news/home/20210412005735/en/
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INDUSTRY KEYWORD: CHEMICALS/PLASTICS AGRICULTURE NATURAL RESOURCES MANUFACTURING
SOURCE: Research and Markets
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PUB: 04/12/2021 11:54 AM/DISC: 04/12/2021 11:54 AM