North America Specialty Fertilizer Market Size
| Icons | Lable | Value |
|---|---|---|
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 10.33 Billion |
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Market Size (2030) | USD 14.39 Billion |
|
Largest Share by Speciality Type | Water Soluble |
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CAGR (2024 - 2030) | 5.69 % |
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Largest Share by Country | United States |
|
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Market Concentration | High |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
North America Specialty Fertilizer Market Analysis
The North America Specialty Fertilizer Market size is estimated at 10.33 billion USD in 2024, and is expected to reach 14.39 billion USD by 2030, growing at a CAGR of 5.69% during the forecast period (2024-2030).
10.33 Billion
Market Size in 2024 (USD)
14.39 Billion
Market Size in 2030 (USD)
6.45 %
CAGR (2017-2023)
5.69 %
CAGR (2024-2030)
Largest segment by Speciality Type
47.65 %
value share, Water Soluble, 2023
The rising demand for fertigation techniques to ensure the efficient use of fertilizers across major countries such as the United States and Canada is driving the market
Fastest Growing Speciality Type
7.91 %
Projected CAGR, CRF, 2024-2030
Controlled-release fertilizers plays crucial role in ensuring that the crops receive the right dosage of nutrients, this making them essential component of precision farming.
Largest Segment by Crop Type
7.78 %
Projected CAGR, Horticultural Crops, 2024-2030
The rising production of fruits and vegetables along with increasing exports in the region may boost the demand for more specialty fertilizers for increased crop yield.
Largest segment by Country
65.24 %
value share, United States, 2023
United States of America accounts for about 69% of the total agricultural crop area in the region and one of the major producers of fertilizers in the North American region.
Leading Market Player
28.35 %
market share, CF Industries Holdings, Inc., Inc.
The company boasts a robust regional presence, with manufacturing facilities in the US and Canada, known for their cost-effectiveness, efficiency, and flexibility.
The market is dominated by water-soluble fertilizers due to the wide range of nutrient grades and different application methods
- In 2022, water-soluble fertilizers held the maximum share of the North American specialty fertilizers market, accounting for 47.9%. The demand for these fertilizers is influenced by nutrient grades and application modes, such as foliar or fertigation, based on specific needs. Notably, in 2022, foliar application accounted for 45.2% of the market, while fertigation claimed 54.8%.
- Liquid fertilizers secured the second-largest market share at 45.9% in 2022. Given the acidic nature of arable lands in the region, there's a growing preference for liquid-based specialty fertilizers like ammonium nitrate. These fertilizers not only help maintain soil pH levels but also address concerns about nitrogen leaching, a key issue for both environmentalists and farmers.
- Controlled-release fertilizers, with a modest 4.9% market share, play a pivotal role in precision farming. By ensuring crops receive precise nutrient dosages, they have become indispensable in modern agriculture.
- In 2022, the US accounted for a significant chunk, 67.1%, of the North American specialty fertilizer market. Water-soluble and liquid fertilizers were the dominant segments in the US market. Likewise, the study period revealed a strong preference for foliar and fertigation modes in the US, a trend attributed to the country's well-established irrigation infrastructure.
- With a well-developed irrigation system and growing demand for field crops, turfs, and ornamentals, the specialty fertilizer market in the US is poised for growth in the coming years.
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The United States dominates the market due to well-developed agricultural systems and larger cultivation area across the country
- In 2022, the United States held a dominant position in the North American specialty fertilizers market. Water-soluble fertilizers, liquid fertilizers, and CRF accounted for 48.0%, 46.3%, and 5.1% of the market share, respectively. Slow-release fertilizers had a smaller share of 0.6%, primarily due to limited adoption in major crops like wheat, maize, and cereals. However, the segment's growth is expected to be bolstered by the country's developing micro-irrigation system. In 2022, the total irrigated cropland in the US spanned 18.3 million hectares.
- In North America, Canada has the second-largest specialty fertilizer market, followed by the United States. During 2023-2030, the country's specialty fertilizer market is anticipated to register a CAGR of 6.4%.
- Mexico held a 16.0% share of the North American specialty fertilizers market in 2022. Notably, Mexico's field crops saw a volume of 2.2 million metric tons in 2022, with an expected rise to 2.8 million metric tons by 2030.
- Specialty fertilizers experienced a notable decline in both value and volume in 2019 and 2020, primarily due to disruptions in the supply chain caused by the COVID-19 pandemic. However, the market rebounded in 2021, driven by rising raw material prices and increased demand.
- The growing adoption of precision technologies is expected to drive the demand for specialty fertilizers. Precision farming, which emphasizes optimal fertilizer application, aligns well with the characteristics of specialty fertilizers like controlled-release and slow-release variants. As a result, the North American specialty fertilizers market is projected to register a CAGR of 5.6% during 2023-2030.
North America Specialty Fertilizer Market Trends
Financial support by the government, such as subsidies, has contributed to the expansion of field crops
- A wide array of crops are grown on North American farms, mainly covering field crops. Corn, cotton, rice, soybean, and wheat are some of the dominating field crops across the region. The United States, Canada, and Mexico are major contributors to the region's agricultural output. In 2022, field crops covered around 97.6% of the overall cultivation in North America, with cereals and oilseeds dominating the market.
- By country, the United States dominates the market, covering 135.7 million hectares of the overall area under crop cultivation during the study period. Field crops and horticulture covered the majority of the area and accounted for shares of 97.2% and 2.8% in 2022. However, between 2018 and 2019, the country witnessed a significant dip in crop acreages majorly due to unfavorable environmental conditions resulting in heavy floods in areas like Texas and Houston.
- The largest crop cultivated is corn, the majority of which is grown in a region known as the 'Corn Belt,' It is a traditional area in the midwestern United States, roughly covering western Indiana, Illinois, Iowa, Missouri, eastern Nebraska, and eastern Kansas, in which corn (maize) and soybeans are the dominant crops. Also, it is the major rice exporter, and rice cultivation in the region is mainly concentrated within four regions, with three in the South and one in California. The increased market potential for the region's field crops, coupled with increased government funding and protection, is anticipated to positively drive the area under field crop cultivation in the region.
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Among all the primary nutrients, nitrogen is applied in a higher quantity to field crops, which is equivalent to 229.8 kg/hectare
- Field crops, such as rice, corn/maize, wheat, and rapeseed/canola, are some of the major primary nutrient-consuming crops in the region. In 2022, about 140.85 kg/hectare of primary nutrients were consumed by rice, followed by 118.40 kg/hectare consumed by rapeseed/canola. Cereals are anticipated to consume the maximum amount of nitrogen-based fertilizers. As they are grown intensively in the region, they deplete the nutrients in the soil and require more fertilizers to supplement growth.
- Among all the primary nutrients, nitrogen is applied in a higher quantity, accounting for about 74.0% in 2022, equivalent to 229.8 kg/hectare for field crops. Nitrogen deficiency, however, is one of the most prevalent crop nutrient problems in the region. Hence, most of the nitrogen supplement is provided through soil application. When applied to the soil, nitrogen is converted to mineral nitrate for the plants to absorb easily. Rapeseed, the major nitrogen-consuming crop, is widely grown in the United States.
- Rapeseed is used for extracting oil for industrial applications, like lubricants, hydraulic fluids, and plastics. While fertilizer usage is based on soil quality and rainfall potential, its nitrogen requirements range from 100 to 150 lbs./acre. Phosphorus and potassium fertility rates also vary from soil to soil. However, the recommended rates range from 0 to 80 lbs./acre and 0 to 140 lbs./acre, as per the AgMRC.
- Since primary nutrients are the major sources of nutrients for various crops, their application rates are anticipated to grow significantly over the years due to soil depletion, leaching, etc.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Agriculture extension services provided by the government to farmers are expected to drive the cultivation area under horticultural crops
- Micronutrient consumption is higher in cabbages
- Cabbage, tomato, and cauliflower are among the major nitrogen-consuming crops in North American countries
- Magnesium and sulfur are the major secondary macronutrients consumed by vegetable crops
- Increasing micronutrient deficiencies and crop losses are increasing the micronutrient application rates
- Among all the primary nutrients, nitrogen is applied in a higher quantity to field crops, which is equivalent to 229.8 kg/hectare
- Calcium is the most important nutrient required by crops as it helps strengthen cell walls and reduce bruising and diseases in field crops
- Government policies and financial support are increasing the irrigation area in the region
North America Specialty Fertilizer Industry Overview
The North America Specialty Fertilizer Market is fairly consolidated, with the top five companies occupying 81.11%. The major players in this market are CF Industries Holdings, Inc., ICL Group Ltd, The Andersons Inc., The Mosaic Company and Yara International ASA (sorted alphabetically).
North America Specialty Fertilizer Market Leaders
CF Industries Holdings, Inc.
ICL Group Ltd
The Andersons Inc.
The Mosaic Company
Yara International ASA
Other important companies include Haifa Group, Koch Industries Inc., Nutrien Ltd., Sociedad Quimica y Minera de Chile SA, Wilbur-Ellis Company LLC.
*Disclaimer: Major Players sorted in alphabetical order.
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North America Specialty Fertilizer Market News
- January 2023: ICL has entered into a strategic partnership agreement with General Mills, in which it will be the supplier of strategic specialty phosphate solutions to General Mills. The long-term agreement will also focus on international expansion.
- October 2022: The Andersons entered an agreement to acquire the assets of Mote Farm Service Inc. to expand its retail farm center network.
- May 2022: ICL launched three new NPK formulations of Solinure, a product with increased trace elements to optimize yields.
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Along with the report, We also offer a comprehensive and exhaustive data pack with 25+ graphs on area under cultivation and average application rate per hectare. The data pack includes Globe, North America, Europe, Asia-Pacific, South America, and Africa.
North America Specialty Fertilizer Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Acreage Of Major Crop Types
2.1.1. Field Crops
2.1.2. Horticultural Crops
2.2. Average Nutrient Application Rates
2.2.1. Micronutrients
2.2.1.1. Field Crops
2.2.1.2. Horticultural Crops
2.2.2. Primary Nutrients
2.2.2.1. Field Crops
2.2.2.2. Horticultural Crops
2.2.3. Secondary Macronutrients
2.2.3.1. Field Crops
2.2.3.2. Horticultural Crops
2.3. Agricultural Land Equipped For Irrigation
2.4. Regulatory Framework
2.5. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
3.1. Speciality Type
3.1.1. CRF
3.1.1.1. Polymer Coated
3.1.1.2. Polymer-Sulfur Coated
3.1.1.3. Others
3.1.2. Liquid Fertilizer
3.1.3. SRF
3.1.4. Water Soluble
3.2. Application Mode
3.2.1. Fertigation
3.2.2. Foliar
3.2.3. Soil
3.3. Crop Type
3.3.1. Field Crops
3.3.2. Horticultural Crops
3.3.3. Turf & Ornamental
3.4. Country
3.4.1. Canada
3.4.2. Mexico
3.4.3. United States
3.4.4. Rest of North America
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles
4.4.1. CF Industries Holdings, Inc.
4.4.2. Haifa Group
4.4.3. ICL Group Ltd
4.4.4. Koch Industries Inc.
4.4.5. Nutrien Ltd.
4.4.6. Sociedad Quimica y Minera de Chile SA
4.4.7. The Andersons Inc.
4.4.8. The Mosaic Company
4.4.9. Wilbur-Ellis Company LLC
4.4.10. Yara International ASA
5. KEY STRATEGIC QUESTIONS FOR FERTILIZER CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- CULTIVATION OF FIELD CROPS IN HECTARE, NORTH AMERICA, 2017 - 2022
- Figure 2:
- CULTIVATION OF HORTICULTURAL CROPS IN HECTARE, NORTH AMERICA, 2017 - 2022
- Figure 3:
- CONSUMPTION OF MICRONUTRIENTS BY FIELD CROPS IN KG/HECTARE, NORTH AMERICA, 2022
- Figure 4:
- CONSUMPTION OF MICRONUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, NORTH AMERICA, 2022
- Figure 5:
- CONSUMPTION OF PRIMARY NUTRIENTS BY FIELD CROPS IN KG/HECTARE, NORTH AMERICA, 2022
- Figure 6:
- CONSUMPTION OF PRIMARY NUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, NORTH AMERICA, 2022
- Figure 7:
- CONSUMPTION OF SECONDARY MACRONUTRIENTS BY FIELD CROPS IN KG/HECTARE, NORTH AMERICA, 2022
- Figure 8:
- CONSUMPTION OF SECONDARY MACRONUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, NORTH AMERICA, 2022
- Figure 9:
- AGRICULTURAL LAND EQUIPPED FOR IRRIGATION IN HECTARE, NORTH AMERICA, 2022
- Figure 10:
- SPECIALITY FERTILIZER CONSUMPTION IN METRIC TON, NORTH AMERICA, 2017 - 2030
- Figure 11:
- SPECIALITY FERTILIZER CONSUMPTION IN USD, NORTH AMERICA, 2017 - 2030
- Figure 12:
- FERTILIZER CONSUMPTION BY SPECIALITY TYPE IN METRIC TON, NORTH AMERICA, 2017 - 2030
- Figure 13:
- FERTILIZER CONSUMPTION BY SPECIALITY TYPE IN USD, NORTH AMERICA, 2017 - 2030
- Figure 14:
- FERTILIZER CONSUMPTION VOLUME BY SPECIALITY TYPE IN %, NORTH AMERICA, 2017 VS 2023 VS 2030
- Figure 15:
- FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, NORTH AMERICA, 2017 VS 2023 VS 2030
- Figure 16:
- CRF FERTILIZER CONSUMPTION BY COATING TYPE IN METRIC TON, NORTH AMERICA, 2017 - 2030
- Figure 17:
- CRF FERTILIZER CONSUMPTION BY COATING TYPE IN USD, NORTH AMERICA, 2017 - 2030
- Figure 18:
- CRF FERTILIZER CONSUMPTION VOLUME BY COATING TYPE IN %, NORTH AMERICA, 2017 VS 2023 VS 2030
- Figure 19:
- CRF FERTILIZER CONSUMPTION VALUE BY COATING TYPE IN %, NORTH AMERICA, 2017 VS 2023 VS 2030
- Figure 20:
- POLYMER COATED CRF FERTILIZER CONSUMPTION IN METRIC TON, NORTH AMERICA, 2017 - 2030
- Figure 21:
- POLYMER COATED CRF FERTILIZER CONSUMPTION IN USD, NORTH AMERICA, 2017 - 2030
- Figure 22:
- POLYMER COATED CRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, NORTH AMERICA, 2023 VS 2030
- Figure 23:
- POLYMER-SULFUR COATED CRF FERTILIZER CONSUMPTION IN METRIC TON, NORTH AMERICA, 2017 - 2030
- Figure 24:
- POLYMER-SULFUR COATED CRF FERTILIZER CONSUMPTION IN USD, NORTH AMERICA, 2017 - 2030
- Figure 25:
- POLYMER-SULFUR COATED CRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, NORTH AMERICA, 2023 VS 2030
- Figure 26:
- OTHERS CRF FERTILIZER CONSUMPTION IN METRIC TON, NORTH AMERICA, 2017 - 2030
- Figure 27:
- OTHERS CRF FERTILIZER CONSUMPTION IN USD, NORTH AMERICA, 2017 - 2030
- Figure 28:
- OTHERS CRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, NORTH AMERICA, 2023 VS 2030
- Figure 29:
- LIQUID ALL FERTILIZER CONSUMPTION IN METRIC TON, NORTH AMERICA, 2017 - 2030
- Figure 30:
- LIQUID ALL FERTILIZER CONSUMPTION IN USD, NORTH AMERICA, 2017 - 2030
- Figure 31:
- LIQUID ALL FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, NORTH AMERICA, 2023 VS 2030
- Figure 32:
- SRF FERTILIZER CONSUMPTION IN METRIC TON, NORTH AMERICA, 2017 - 2030
- Figure 33:
- SRF FERTILIZER CONSUMPTION IN USD, NORTH AMERICA, 2017 - 2030
- Figure 34:
- SRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, NORTH AMERICA, 2023 VS 2030
- Figure 35:
- WATER SOLUBLE FERTILIZER CONSUMPTION IN METRIC TON, NORTH AMERICA, 2017 - 2030
- Figure 36:
- WATER SOLUBLE FERTILIZER CONSUMPTION IN USD, NORTH AMERICA, 2017 - 2030
- Figure 37:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, NORTH AMERICA, 2023 VS 2030
- Figure 38:
- SPECIALITY FERTILIZER CONSUMPTION BY APPLICATION MODE IN METRIC TON, NORTH AMERICA, 2017 - 2030
- Figure 39:
- SPECIALITY FERTILIZER CONSUMPTION BY APPLICATION MODE IN USD, NORTH AMERICA, 2017 - 2030
- Figure 40:
- SPECIALITY FERTILIZER CONSUMPTION VOLUME BY APPLICATION MODE IN %, NORTH AMERICA, 2017 VS 2023 VS 2030
- Figure 41:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY APPLICATION MODE IN %, NORTH AMERICA, 2017 VS 2023 VS 2030
- Figure 42:
- FERTIGATION APPLICATION OF SPECIALITY FERTILIZER IN METRIC TON, NORTH AMERICA, 2017 - 2030
- Figure 43:
- FERTIGATION APPLICATION OF SPECIALITY FERTILIZER IN USD, NORTH AMERICA, 2017 - 2030
- Figure 44:
- FERTIGATION APPLICATION OF SPECIALITY FERTILIZER IN VALUE BY CROP TYPE IN %, NORTH AMERICA, 2023 VS 2030
- Figure 45:
- FOLIAR APPLICATION OF SPECIALITY FERTILIZER IN METRIC TON, NORTH AMERICA, 2017 - 2030
- Figure 46:
- FOLIAR APPLICATION OF SPECIALITY FERTILIZER IN USD, NORTH AMERICA, 2017 - 2030
- Figure 47:
- FOLIAR APPLICATION OF SPECIALITY FERTILIZER IN VALUE BY CROP TYPE IN %, NORTH AMERICA, 2023 VS 2030
- Figure 48:
- SOIL APPLICATION OF SPECIALITY FERTILIZER IN METRIC TON, NORTH AMERICA, 2017 - 2030
- Figure 49:
- SOIL APPLICATION OF SPECIALITY FERTILIZER IN USD, NORTH AMERICA, 2017 - 2030
- Figure 50:
- SOIL APPLICATION OF SPECIALITY FERTILIZER IN VALUE BY CROP TYPE IN %, NORTH AMERICA, 2023 VS 2030
- Figure 51:
- SPECIALITY FERTILIZER CONSUMPTION BY CROP TYPE IN METRIC TON, NORTH AMERICA, 2017 - 2030
- Figure 52:
- SPECIALITY FERTILIZER CONSUMPTION BY CROP TYPE IN USD, NORTH AMERICA, 2017 - 2030
- Figure 53:
- SPECIALITY FERTILIZER CONSUMPTION VOLUME BY CROP TYPE IN %, NORTH AMERICA, 2017 VS 2023 VS 2030
- Figure 54:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, NORTH AMERICA, 2017 VS 2023 VS 2030
- Figure 55:
- FERTILIZER CONSUMPTION BY FIELD CROPS IN METRIC TON, NORTH AMERICA, 2017 - 2030
- Figure 56:
- FERTILIZER CONSUMPTION BY FIELD CROPS IN USD, NORTH AMERICA, 2017 - 2030
- Figure 57:
- FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, NORTH AMERICA, 2023 VS 2030
- Figure 58:
- FERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN METRIC TON, NORTH AMERICA, 2017 - 2030
- Figure 59:
- FERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN USD, NORTH AMERICA, 2017 - 2030
- Figure 60:
- FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, NORTH AMERICA, 2023 VS 2030
- Figure 61:
- FERTILIZER CONSUMPTION BY TURF & ORNAMENTAL IN METRIC TON, NORTH AMERICA, 2017 - 2030
- Figure 62:
- FERTILIZER CONSUMPTION BY TURF & ORNAMENTAL IN USD, NORTH AMERICA, 2017 - 2030
- Figure 63:
- FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, NORTH AMERICA, 2023 VS 2030
- Figure 64:
- SPECIALITY FERTILIZER CONSUMPTION BY COUNTRY IN METRIC TON, NORTH AMERICA, 2017 - 2030
- Figure 65:
- SPECIALITY FERTILIZER CONSUMPTION BY COUNTRY IN USD, NORTH AMERICA, 2017 - 2030
- Figure 66:
- SPECIALITY FERTILIZER CONSUMPTION VOLUME BY COUNTRY IN %, NORTH AMERICA, 2017 VS 2023 VS 2030
- Figure 67:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY COUNTRY IN %, NORTH AMERICA, 2017 VS 2023 VS 2030
- Figure 68:
- FERTILIZER CONSUMPTION IN METRIC TON, CANADA, 2017 - 2030
- Figure 69:
- FERTILIZER CONSUMPTION IN USD, CANADA, 2017 - 2030
- Figure 70:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, CANADA, 2023 VS 2030
- Figure 71:
- FERTILIZER CONSUMPTION IN METRIC TON, MEXICO, 2017 - 2030
- Figure 72:
- FERTILIZER CONSUMPTION IN USD, MEXICO, 2017 - 2030
- Figure 73:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, MEXICO, 2023 VS 2030
- Figure 74:
- FERTILIZER CONSUMPTION IN METRIC TON, UNITED STATES, 2017 - 2030
- Figure 75:
- FERTILIZER CONSUMPTION IN USD, UNITED STATES, 2017 - 2030
- Figure 76:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, UNITED STATES, 2023 VS 2030
- Figure 77:
- FERTILIZER CONSUMPTION IN METRIC TON, REST OF NORTH AMERICA, 2017 - 2030
- Figure 78:
- FERTILIZER CONSUMPTION IN USD, REST OF NORTH AMERICA, 2017 - 2030
- Figure 79:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, REST OF NORTH AMERICA, 2023 VS 2030
- Figure 80:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, NORTH AMERICA, 2017 - 2030
- Figure 81:
- NORTH AMERICA SPECIALTY FERTILIZER MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
- Figure 82:
- MARKET SHARE OF MAJOR PLAYERS IN %, NORTH AMERICA, 2022
North America 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. Canada, Mexico, United States are covered as segments by Country.
- In 2022, water-soluble fertilizers held the maximum share of the North American specialty fertilizers market, accounting for 47.9%. The demand for these fertilizers is influenced by nutrient grades and application modes, such as foliar or fertigation, based on specific needs. Notably, in 2022, foliar application accounted for 45.2% of the market, while fertigation claimed 54.8%.
- Liquid fertilizers secured the second-largest market share at 45.9% in 2022. Given the acidic nature of arable lands in the region, there's a growing preference for liquid-based specialty fertilizers like ammonium nitrate. These fertilizers not only help maintain soil pH levels but also address concerns about nitrogen leaching, a key issue for both environmentalists and farmers.
- Controlled-release fertilizers, with a modest 4.9% market share, play a pivotal role in precision farming. By ensuring crops receive precise nutrient dosages, they have become indispensable in modern agriculture.
- In 2022, the US accounted for a significant chunk, 67.1%, of the North American specialty fertilizer market. Water-soluble and liquid fertilizers were the dominant segments in the US market. Likewise, the study period revealed a strong preference for foliar and fertigation modes in the US, a trend attributed to the country's well-established irrigation infrastructure.
- With a well-developed irrigation system and growing demand for field crops, turfs, and ornamentals, the specialty fertilizer market in the US is poised for growth in the coming years.
| Speciality Type | |||||
| |||||
| Liquid Fertilizer | |||||
| SRF | |||||
| Water Soluble |
| Application Mode | |
| Fertigation | |
| Foliar | |
| Soil |
| Crop Type | |
| Field Crops | |
| Horticultural Crops | |
| Turf & Ornamental |
| Country | |
| Canada | |
| Mexico | |
| United States | |
| Rest of North America |
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Market Definition
- MARKET ESTIMATION LEVEL - Market Estimations for various types of fertilizers has been done at the product-level and not at the nutrient-level.
- NUTRIENT TYPES COVERED - Primary Nutrients: N, P and K, Secondary Macronutrients: Ca, Mg and S, Micronutients: Zn, Mn, Cu, Fe, Mo, B, and Others
- AVERAGE NUTRIENT APPLICATION RATE - This refers to the average volume of nutrient consumed per hectare of farmland in each country.
- CROP TYPES COVERED - Field Crops: Cereals, Pulses, Oilseeds, and Fiber Crops Horticulture: Fruits, Vegetables, Plantation Crops and Spices, Turf Grass and Ornamentals
| Keyword | Definition |
|---|---|
| Fertilizer | Chemical substance applied to crops to ensure nutritional requirements, available in various forms such as granules, powders, liquid, water soluble, etc. |
| Specialty Fertilizer | Used for enhanced efficiency and nutrient availability applied through soil, foliar, and fertigation. Includes CRF, SRF, liquid fertilizer, and water soluble fertilizers. |
| Controlled-Release Fertilizers (CRF) | Coated with materials such as polymer, polymer-sulfur, and other materials such as resins to ensure nutrient availability to the crop for its entire life cycle. |
| Slow-Release Fertilizers (SRF) | Coated with materials such as sulfur, neem, etc., to ensure nutrient availability to the crop for a longer period. |
| Foliar Fertilizers | Consist of both liquid and water soluble fertilizers applied through foliar application. |
| Water-Soluble Fertilizers | Available in various forms including liquid, powder, etc., used in foliar and fertigation mode of fertilizer application. |
| Fertigation | Fertilizers applied through different irrigation systems such as drip irrigation, micro irrigation, sprinkler irrigation, etc. |
| Anhydrous Ammonia | Used as fertilizer, directly injected into the soil, available in gaseous liquid form. |
| Single Super Phosphate (SSP) | Phosphorus fertilizer containing only phosphorus which has lesser than or equal to 35%. |
| Triple Super Phosphate (TSP) | Phosphorus fertilizer containing only phosphorus greater than 35%. |
| Enhanced Efficiency Fertilizers | Fertilizers coated or treated with additional layers of various ingredients to make it more efficient compared to other fertilizers. |
| Conventional Fertilizer | Fertilizers applied to crops through traditional methods including broadcasting, row placement, ploughing soil placement, etc. |
| Chelated Micronutrients | Micronutrient fertilizers coated with chelating agents such as EDTA, EDDHA, DTPA, HEDTA, etc. |
| Liquid Fertilizers | Available in liquid form, majorly used for application of fertilizers to crops through foliar and fertigation. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: IDENTIFY KEY VARIABLES: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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