AgroPages-The global specialty fertilizers market to grow at a CAGR of 7.0% during 2015-2020-Agricultural news

The global specialty fertilizers market to grow at a CAGR of 7.0% during 2015-2020

According to the report “Specialty Fertilizers Market by Type, by Crop Type, by Region - Global Trends & Forecast to 2020”,The global specialty fertilizers market is projected to grow at a CAGR of 7.0% between 2015 and 2020.

The market was dominated by North America, which accounted for around 39.60% of the total share, in 2014. The Asia-Pacific region is projected to be the fastest-growing market, owing to the growing demand for food products and environment-friendly agri-inputs.

China is projected to be the fastest-growing market for specialty fertilizers, followed by India. The turf & ornamentals segment is projected to be the biggest and fastest-growing market for specialty fertilizers, globally, from 2015 to 2020. The cereals & oilseeds and fruits & vegetables segments are projected to grow significantly, at a CAGR of 7.1% and 7.0%, respectively.

The market was dominated by players such as Yara International ASA (Norway), Sociedad Quimica y Minera S.A. (Chile), Sinochem Group (China), Haifa Chemicals (Israel), Agrium Inc. (Canada), The Mosaic Company (U.S.), and the Potash Corporation of Saskatchewan Inc. (Canada).