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Brazil Specialty Fertilizer Market Size

The Brazil Specialty Fertilizer Market is projected to experience growth over the forecast period, driven by the increasing demand for high-efficiency fertilizers and sustainable farming practices. The market's expansion is supported by the diverse nutrient grades and application methods, such as foliar and fertigation, which enhance nutrient uptake and reduce application rates. Despite challenges like the decline in market value due to imported fertilizers and supply chain disruptions, the market has rebounded, with liquid fertilizers gaining popularity for their quick nutrient delivery. The market's dynamics are further influenced by the characteristics and technology of polymer-coated fertilizers, which offer controlled nutrient release tailored to crop needs.

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Market Size of brazil specialty fertilizer Industry

Brazil Specialty Fertilizer Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 1.88 Billion
svg icon Market Size (2030) USD 2.64 Billion
svg icon Largest Share by Speciality Type Liquid Fertilizer
svg icon CAGR (2024 - 2030) 5.85 %
svg icon Fastest Growing by Speciality Type CRF
svg icon Market Concentration Medium

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Brazil Specialty Fertilizer Market Analysis

The Brazil Specialty Fertilizer Market size is estimated at 1.88 billion USD in 2024, and is expected to reach 2.64 billion USD by 2030, growing at a CAGR of 5.85% during the forecast period (2024-2030).

1.88 Billion

Market Size in 2024 (USD)

2.64 Billion

Market Size in 2030 (USD)

9.10 %

CAGR (2017-2023)

5.85 %

CAGR (2024-2030)

Largest segment by Speciality Type

53.80 %

value share, Liquid Fertilizer, 2023

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Liquid fertilizers can penetrate the the soil easily allow plants to absorb nutrients more quickly, reduce fertilizer waste and can be applied to either ground or foliar.

Fastest Growing Speciality Type

7.10 %

Projected CAGR, CRF, 2024-2030

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The main drivers propelling the Brazilian controlled-release fertilizer market are effective nutrient release, reduced leaching, and volatilization of the nutrients.

Largest Segment by Crop Type

5.89 %

Projected CAGR, Field Crops, 2024-2030

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The domination of field crops in Fertilizers market is mainly due to its large cultivation area in the country. They account for more than 96% of total crop area.

Largest segment by Application Mode

49.81 %

value share, Fertigation, 2023

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Brazil implemented strict actions against increasing farmland and its 50.0% of total agricultural land is irrigated land which drives fertgation segment's growth.

Leading Market Player

24.26 %

market share, Yara International ASA, 2022

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Yara International involves in production and marketing of crop nutrition products and solutions. Which includes foliar, water soluble, micronutrient and other fertilizers.

Water soluble fertilizers dominated the Brazil specialty fertilizers market.

  • The variety of nutrient grades and application options, including foliar, fertigation, and soil application, drive the demand for water-soluble fertilizers. These fertilizers' value increased by 67.5% during 2017-2022. The benefits of water-soluble fertilizers are they can distribute nutrients directly at the root zone and increase nutrient uptake. Using this strategy helps lower fertilizer application rates by 25.0%.
  • The liquid fertilizer segment accounted for 53.8%, valued at USD 944.6 million in 2022, with a volume of 933.7 thousand metric tons. Since 2017, the consumption volume of liquid fertilizers has been steadily increasing because they give plants quicker access to nutrients than conventional fertilizers. They are particularly well suited for application to promote root growth early in the growing season.
  • Polymer-coated fertilizers account for 1.6% of the CRF market in 2022. The coating material and coating process used in polymer-coated fertilizer technologies differ considerably between manufacturers. Depending on the crop requirements, the rate of nutrient release from a polymer-coated product can be controlled to some extent by varying the coating's characteristics and types, thickness, and the ratio of different coating materials.
  • The rise in imported fertilizers is responsible for the decline in market value in 2020. The COVID-19 logistical and production crisis, followed by a labor shortage and a disturbance in the supply chain, also played a role in the drop in market value. However, the market grew significantly in the years that followed.
  • Some factors driving the specialty fertilizers market are increased demand for high-efficiency fertilizers, ease of application, adoption of sustainable farming practices, and increased environmental safety.
Brazil Specialty Fertilizer Market

Brazil Specialty Fertilizer Industry Segmentation

CRF, Liquid Fertilizer, SRF, Water Soluble are covered as segments by Speciality Type. Fertigation, Foliar, Soil are covered as segments by Application Mode. Field Crops, Horticultural Crops, Turf & Ornamental are covered as segments by Crop Type.

  • The variety of nutrient grades and application options, including foliar, fertigation, and soil application, drive the demand for water-soluble fertilizers. These fertilizers' value increased by 67.5% during 2017-2022. The benefits of water-soluble fertilizers are they can distribute nutrients directly at the root zone and increase nutrient uptake. Using this strategy helps lower fertilizer application rates by 25.0%.
  • The liquid fertilizer segment accounted for 53.8%, valued at USD 944.6 million in 2022, with a volume of 933.7 thousand metric tons. Since 2017, the consumption volume of liquid fertilizers has been steadily increasing because they give plants quicker access to nutrients than conventional fertilizers. They are particularly well suited for application to promote root growth early in the growing season.
  • Polymer-coated fertilizers account for 1.6% of the CRF market in 2022. The coating material and coating process used in polymer-coated fertilizer technologies differ considerably between manufacturers. Depending on the crop requirements, the rate of nutrient release from a polymer-coated product can be controlled to some extent by varying the coating's characteristics and types, thickness, and the ratio of different coating materials.
  • The rise in imported fertilizers is responsible for the decline in market value in 2020. The COVID-19 logistical and production crisis, followed by a labor shortage and a disturbance in the supply chain, also played a role in the drop in market value. However, the market grew significantly in the years that followed.
  • Some factors driving the specialty fertilizers market are increased demand for high-efficiency fertilizers, ease of application, adoption of sustainable farming practices, and increased environmental safety.
Speciality Type
CRF
Polymer Coated
Polymer-Sulfur Coated
Others
Liquid Fertilizer
SRF
Water Soluble
Application Mode
Fertigation
Foliar
Soil
Crop Type
Field Crops
Horticultural Crops
Turf & Ornamental
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Brazil Specialty Fertilizer Market Size Summary

The Brazil Specialty Fertilizer Market is experiencing a robust growth trajectory, driven by the increasing demand for high-efficiency fertilizers and the adoption of sustainable farming practices. The market is characterized by a diverse range of nutrient grades and application methods, such as foliar, fertigation, and soil application, which are particularly popular due to their ability to enhance nutrient uptake and reduce application rates. The liquid fertilizer segment holds a significant share of the market, offering quicker nutrient access to plants, which is crucial for early root growth. Despite challenges such as the decline in market value due to increased imports and supply chain disruptions during the COVID-19 pandemic, the market has rebounded strongly, supported by Brazil's transition from a major food grain importer to a leading exporter of key crops like soybean, rice, maize, and cotton.

Brazil's agricultural landscape is dominated by soybean and corn, with significant areas under cultivation, which has been expanding due to the growing domestic and international demand for field crops. This expansion is expected to positively impact the specialty fertilizer market in the coming years. The market is moderately consolidated, with major players like K+S Aktiengesellschaft, Sociedad Quimica y Minera de Chile SA, The Mosaic Company, TIMAC Agro, and Yara International ASA holding substantial shares. Recent strategic acquisitions and product developments by companies such as ICL Group Ltd and Haifa Group indicate a focus on enhancing market presence and expanding product offerings in advanced plant nutrition. The emphasis on primary nutrients, particularly nitrogen, phosphorus, and potassium, underscores their critical role in supporting crop growth and resilience, further driving the demand for specialty fertilizers in Brazil.

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Brazil Specialty Fertilizer Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 Speciality Type

      1. 1.1.1 CRF

        1. 1.1.1.1 Polymer Coated

        2. 1.1.1.2 Polymer-Sulfur Coated

        3. 1.1.1.3 Others

      2. 1.1.2 Liquid Fertilizer

      3. 1.1.3 SRF

      4. 1.1.4 Water Soluble

    2. 1.2 Application Mode

      1. 1.2.1 Fertigation

      2. 1.2.2 Foliar

      3. 1.2.3 Soil

    3. 1.3 Crop Type

      1. 1.3.1 Field Crops

      2. 1.3.2 Horticultural Crops

      3. 1.3.3 Turf & Ornamental

Brazil Specialty Fertilizer Market Size FAQs

The Brazil Specialty Fertilizer Market size is expected to reach USD 1.88 billion in 2024 and grow at a CAGR of 5.85% to reach USD 2.64 billion by 2030.

In 2024, the Brazil Specialty Fertilizer Market size is expected to reach USD 1.88 billion.

Brazil Specialty Fertilizer Market Report Snapshots

Brazil Specialty Fertilizer Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030