Africa Specialty Fertilizer Market Size
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 0.98 Billion |
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Market Size (2030) | USD 1.4 Billion |
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Largest Share by Speciality Type | Water Soluble |
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CAGR (2024 - 2030) | 6.10 % |
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Largest Share by Country | Nigeria |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Africa Specialty Fertilizer Market Analysis
The Africa Specialty Fertilizer Market size is estimated at 0.98 billion USD in 2024, and is expected to reach 1.4 billion USD by 2030, growing at a CAGR of 6.10% during the forecast period (2024-2030).
0.98 Billion
Market Size in 2024 (USD)
1.4 Billion
Market Size in 2030 (USD)
8.12 %
CAGR (2017-2023)
6.10 %
CAGR (2024-2030)
Largest segment by Speciality Type
47.42 %
value share, Water Soluble, 2023
By using water-soluble fertilizers, the amount of water and fertilizer needed to produce crops can be reduced, leading to less pollution and waterlogging in waterways.
Fastest Growing Speciality Type
6.54 %
Projected CAGR, CRF, 2024-2030
Leaching and volatilization pose significant challenges, leading to nutrient losses. Controlled-release fertilizers offer a potential 10-35% increase in fertilizer efficiency.
Largest Segment by Crop Type
6.10 %
Projected CAGR, Horticultural Crops, 2024-2030
The segment is growing faster due to rising interest in landscaping, indoor gardening, and increased demand for locally grown attractive flowers and ornamental plants.
Largest segment by Country
34.50 %
value share, Nigeria, 2023
Nigeria's agricultural sector is facing various challenges including land tenure issues, limited irrigation, and climate change will drive the specialty fertilizers market.
Leading Market Player
24.57 %
market share, Yara International ASA, 2022
Yara International has became a market leader by offering a wide range of specialty fertilizers including CRF, SRF, foliar, liquid, micronutrients and complex fertilizers
- In 2022, controlled-release fertilizers (CRFs) held a 7.4% share of the specialty fertilizer market. The steady growth of CRFs can be attributed to their distinct advantages over traditional fertilizers and the increasing awareness of efficient agricultural practices. CRFs gradually release nutrients over an extended period, ensuring a consistent nutrient supply to plants. This not only reduces nutrient wastage but also minimizes the risk of leaching or evaporation, which is common with conventional fertilizers.
- Water-soluble fertilizers, with a 47.8% market share, ranked second in the specialty fertilizer market in 2022. The use of water-soluble fertilizers has shown potential in reducing both water and fertilizer requirements for cultivating healthy plants.
- The liquid fertilizer market is poised for growth, propelled by advancements in irrigation systems and the rising adoption of advanced cultivation techniques such as hydroponics and aquaponics. The market value of liquid fertilizers is projected to witness a CAGR of 5.8% during 2023-2030.
- The adoption of slow-release fertilizers offers farmers not only economic benefits but also environmental advantages, such as water conservation, prevention of nitrogen volatilization and leaching, and reduced labor in fertilizer handling. These factors are expected to drive a 5.4% growth in the market value of slow-release fertilizers during 2023-20230.
- Given the benefits of specialty fertilizers, including precise nutrient release, reduced application rates, and economic advantages for farmers, the specialty fertilizer market is poised for growth in the coming years.
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Government initiatives and farmers' focus on increasing productivity are expected to bolster the growth of the market
- In 2022, Nigeria held a commanding 27.0% value share in the African specialty fertilizer market. The country's agricultural sector, while facing challenges such as complex land tenure issues, inadequate irrigation infrastructure, the adverse effects of climate change, and the gradual adoption of cutting-edge agricultural technologies, has seen growth in the market supported by government initiatives. These include the Agriculture Promotion Policy (APP), the Nigeria-Africa Trade and Investment Promotion Programme, the National Agricultural Technology and Innovation Plan (NATIP), and the Anchor Borrowers Program (ABP), all of which have been instrumental in enhancing agricultural productivity.
- South Africa distinguishes itself as the continent's most advanced, productive, and diverse agricultural region. In 2022, its robust agricultural sector held a substantial 37.0% share of the total African specialty fertilizer market. The market is expected to record a CAGR of 6.7% during forecast period. This anticipated growth is largely due to the increasing need to mitigate the effects of climate-related risks, such as prolonged droughts and intense heat waves, by adopting more efficient fertilizer solutions.
- The African specialty fertilizer market is set to expand, driven by a rapidly growing population, the diminishing availability of arable land, the urgent necessity to improve yields on existing farmland, and concerted efforts to enhance agricultural productivity across the region. Thus, the market is forecasted to witness a CAGR of 6.0% from 2023 to 2030.
Africa Specialty Fertilizer Market Trends
The rising domestic demand will lead to double the agricultural production in the near future
- The agro-ecological zones in Africa span from dense rainforests with bi-annual rainfall to arid deserts with minimal precipitation. Key field crops in the region include corn, sorghum, wheat, and rice. In 2022, the cultivation area for these crops reached 224.8 million hectares, accounting for over 95% of the region's agricultural land. In response to a surplus of corn stocks leading to price suppression, South African corn farmers scaled back their planting by 10% to 2.1 million hectares in the 2018-19 season. Consequently, corn production in the country dipped by 11% from 13 million to 12 million tonnes, and exports fell from 2.5 million to 1 million tonnes. This shift prompted producers to allocate more of their fields to oilseed crops, particularly soybeans, resulting in an overall decline in corn cultivation across Africa in 2018-2019.
- Nigeria takes the lead as the largest sorghum producer in Africa, closely followed by Ethiopia. Sorghum, accounting for 50% of the total cereal output, dominates about 45% of Nigeria's cereal crop land. Known for its drought and waterlogging tolerance, sorghum thrives in diverse soil conditions. These attributes position sorghum as the go-to staple crop in Africa's drier regions, ensuring both food and income security.
- Kenya, Somalia, and significant parts of Ethiopia are grappling with the looming specter of severe food shortages. Over the past decade, Africa's spending on food imports has nearly tripled, even as its agricultural industry and cultivated land have continued to expand.
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Rapeseed is the highest nitrogen consuming crop
- Rapeseed crops have the highest potassium and phosphorous application rates, accounting for 162.4 kg/hectare and 281.7 kg/hectare, respectively. Meanwhile, the average nitrogen application rate for field crops in Africa stands at 364.9 kg/hectare. In 2022, field crops in Africa accounted for 87.1% of the total primary nutrient consumption, which amounted to 556.1 thousand metric tons. This dominance can be attributed to the extensive land area dedicated to field crops. Specifically, the average nutrient application rates for nitrogen, phosphorous, and potassium in these crops were 223.2 kg/ha, 125.3 kg/ha, and 155.3 kg/ha, respectively.
- The Guinea savannas in Nigeria offer favorable environmental conditions for maize production. However, despite this potential, farmers in the region struggle with low yields. The primary culprits are soil degradation and nutrient depletion, primarily nitrogen, resulting from intensified land use. Field crops prioritize nitrogen application due to its multiple benefits, including promoting tillering, leaf area development, grain formation, filling, and protein synthesis. Nitrogen also plays a crucial role in enhancing both grain yield and quality.
- Given that primary nutrients are vital for crop growth and with concerns over soil depletion and nitrogen leaching, the application rates for primary nutrients are expected to witness significant growth in the coming years.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Africa is experiencing increasing area under cultivation due to the growing demand for high-value crops
- Soil deficiencies of the micronutrients that are essential for plant growth are one of the major challenges across Africa.
- Due to its critical function in the development of plant tissues and its contribution to overall plant growth, calcium is the secondary macronutrient that receives the highest application
- Egypt, Morocco, and South Africa accounted for a significant portion of irrigated land in 2022
- High micronutrient deficiencies in soil have encouraged farmers to apply micronutrient fertilizer
- Nitrogen is the most-applied nutrient in vegetable crops with an average application rate of 384.6 kg per hectare
- Magnesium is crucial in onion cultivation
Africa Specialty Fertilizer Industry Overview
The Africa Specialty Fertilizer Market is fragmented, with the top five companies occupying 39.11%. The major players in this market are ICL Group Ltd, K+S Aktiengesellschaft, Kynoch Fertilizer, UPL Limited and Yara International ASA (sorted alphabetically).
Africa Specialty Fertilizer Market Leaders
ICL Group Ltd
K+S Aktiengesellschaft
Kynoch Fertilizer
UPL Limited
Yara International ASA
Other important companies include Gavilon South Africa (MacroSource, LLC), Haifa Group.
*Disclaimer: Major Players sorted in alphabetical order.
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Africa Specialty Fertilizer Market News
- April 2023: K+S acquired a 75% share of the fertilizer business of a South African trading company, Industrial Commodities Holdings (Pty) Ltd (ICH). In addition to expanding the core business, K+S is strengthening its operations in southern and eastern Africa as a result of this acquisition. The newly acquired fertilizer business in the future is to be operated in a joint venture under the name of FertivPty Ltd.
- April 2019: Kynoch announced Mergers & Acquisitions of Profert Fertilizer a major role player in the granular and liquid fertilizer industry. This transaction will give Kynoch access to new markets and additional production resources, ultimately contributing to their motto of enhancing efficiency through innovation.
- March 2019: Kynoch Fertilizer, a leading plant nutrient producer and distributor, announced the Mergers & Acquisitions of Sidi Parani to build a substantial position in the fertilizer market in South Africa and Africa.
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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.
Africa Specialty Fertilizer Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
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4.1 Acreage Of Major Crop Types
- 4.1.1 Field Crops
- 4.1.2 Horticultural Crops
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4.2 Average Nutrient Application Rates
- 4.2.1 Micronutrients
- 4.2.1.1 Field Crops
- 4.2.1.2 Horticultural Crops
- 4.2.2 Primary Nutrients
- 4.2.2.1 Field Crops
- 4.2.2.2 Horticultural Crops
- 4.2.3 Secondary Macronutrients
- 4.2.3.1 Field Crops
- 4.2.3.2 Horticultural Crops
- 4.3 Agricultural Land Equipped For Irrigation
- 4.4 Regulatory Framework
- 4.5 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
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5.1 Speciality Type
- 5.1.1 CRF
- 5.1.1.1 Polymer Coated
- 5.1.1.2 Polymer-Sulfur Coated
- 5.1.1.3 Others
- 5.1.2 Liquid Fertilizer
- 5.1.3 SRF
- 5.1.4 Water Soluble
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5.2 Application Mode
- 5.2.1 Fertigation
- 5.2.2 Foliar
- 5.2.3 Soil
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5.3 Crop Type
- 5.3.1 Field Crops
- 5.3.2 Horticultural Crops
- 5.3.3 Turf & Ornamental
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5.4 Country
- 5.4.1 Nigeria
- 5.4.2 South Africa
- 5.4.3 Rest of Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles
- 6.4.1 Gavilon South Africa (MacroSource, LLC)
- 6.4.2 Haifa Group
- 6.4.3 ICL Group Ltd
- 6.4.4 K+S Aktiengesellschaft
- 6.4.5 Kynoch Fertilizer
- 6.4.6 UPL Limited
- 6.4.7 Yara International ASA
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR FERTILIZER CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- CULTIVATION OF FIELD CROPS IN HECTARE, AFRICA, 2017 - 2022
- Figure 2:
- CULTIVATION OF HORTICULTURAL CROPS IN HECTARE, AFRICA, 2017 - 2022
- Figure 3:
- CONSUMPTION OF MICRONUTRIENTS BY FIELD CROPS IN KG/HECTARE, AFRICA, 2022
- Figure 4:
- CONSUMPTION OF MICRONUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, AFRICA, 2022
- Figure 5:
- CONSUMPTION OF PRIMARY NUTRIENTS BY FIELD CROPS IN KG/HECTARE, AFRICA, 2022
- Figure 6:
- CONSUMPTION OF PRIMARY NUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, AFRICA, 2022
- Figure 7:
- CONSUMPTION OF SECONDARY MACRONUTRIENTS BY FIELD CROPS IN KG/HECTARE, AFRICA, 2022
- Figure 8:
- CONSUMPTION OF SECONDARY MACRONUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, AFRICA, 2022
- Figure 9:
- AGRICULTURAL LAND EQUIPPED FOR IRRIGATION IN HECTARE, AFRICA, 2022
- Figure 10:
- SPECIALITY FERTILIZER CONSUMPTION IN METRIC TON, AFRICA, 2017 - 2030
- Figure 11:
- SPECIALITY FERTILIZER CONSUMPTION IN USD, AFRICA, 2017 - 2030
- Figure 12:
- FERTILIZER CONSUMPTION BY SPECIALITY TYPE IN METRIC TON, AFRICA, 2017 - 2030
- Figure 13:
- FERTILIZER CONSUMPTION BY SPECIALITY TYPE IN USD, AFRICA, 2017 - 2030
- Figure 14:
- FERTILIZER CONSUMPTION VOLUME BY SPECIALITY TYPE IN %, AFRICA, 2017 VS 2023 VS 2030
- Figure 15:
- FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, AFRICA, 2017 VS 2023 VS 2030
- Figure 16:
- CRF FERTILIZER CONSUMPTION BY COATING TYPE IN METRIC TON, AFRICA, 2017 - 2030
- Figure 17:
- CRF FERTILIZER CONSUMPTION BY COATING TYPE IN USD, AFRICA, 2017 - 2030
- Figure 18:
- CRF FERTILIZER CONSUMPTION VOLUME BY COATING TYPE IN %, AFRICA, 2017 VS 2023 VS 2030
- Figure 19:
- CRF FERTILIZER CONSUMPTION VALUE BY COATING TYPE IN %, AFRICA, 2017 VS 2023 VS 2030
- Figure 20:
- POLYMER COATED CRF FERTILIZER CONSUMPTION IN METRIC TON, AFRICA, 2017 - 2030
- Figure 21:
- POLYMER COATED CRF FERTILIZER CONSUMPTION IN USD, AFRICA, 2017 - 2030
- Figure 22:
- POLYMER COATED CRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AFRICA, 2023 VS 2030
- Figure 23:
- POLYMER-SULFUR COATED CRF FERTILIZER CONSUMPTION IN METRIC TON, AFRICA, 2017 - 2030
- Figure 24:
- POLYMER-SULFUR COATED CRF FERTILIZER CONSUMPTION IN USD, AFRICA, 2017 - 2030
- Figure 25:
- POLYMER-SULFUR COATED CRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AFRICA, 2023 VS 2030
- Figure 26:
- OTHERS CRF FERTILIZER CONSUMPTION IN METRIC TON, AFRICA, 2017 - 2030
- Figure 27:
- OTHERS CRF FERTILIZER CONSUMPTION IN USD, AFRICA, 2017 - 2030
- Figure 28:
- OTHERS CRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AFRICA, 2023 VS 2030
- Figure 29:
- LIQUID ALL FERTILIZER CONSUMPTION IN METRIC TON, AFRICA, 2017 - 2030
- Figure 30:
- LIQUID ALL FERTILIZER CONSUMPTION IN USD, AFRICA, 2017 - 2030
- Figure 31:
- LIQUID ALL FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AFRICA, 2023 VS 2030
- Figure 32:
- SRF FERTILIZER CONSUMPTION IN METRIC TON, AFRICA, 2017 - 2030
- Figure 33:
- SRF FERTILIZER CONSUMPTION IN USD, AFRICA, 2017 - 2030
- Figure 34:
- SRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AFRICA, 2023 VS 2030
- Figure 35:
- WATER SOLUBLE FERTILIZER CONSUMPTION IN METRIC TON, AFRICA, 2017 - 2030
- Figure 36:
- WATER SOLUBLE FERTILIZER CONSUMPTION IN USD, AFRICA, 2017 - 2030
- Figure 37:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AFRICA, 2023 VS 2030
- Figure 38:
- SPECIALITY FERTILIZER CONSUMPTION BY APPLICATION MODE IN METRIC TON, AFRICA, 2017 - 2030
- Figure 39:
- SPECIALITY FERTILIZER CONSUMPTION BY APPLICATION MODE IN USD, AFRICA, 2017 - 2030
- Figure 40:
- SPECIALITY FERTILIZER CONSUMPTION VOLUME BY APPLICATION MODE IN %, AFRICA, 2017 VS 2023 VS 2030
- Figure 41:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY APPLICATION MODE IN %, AFRICA, 2017 VS 2023 VS 2030
- Figure 42:
- FERTIGATION APPLICATION OF SPECIALITY FERTILIZER IN METRIC TON, AFRICA, 2017 - 2030
- Figure 43:
- FERTIGATION APPLICATION OF SPECIALITY FERTILIZER IN USD, AFRICA, 2017 - 2030
- Figure 44:
- FERTIGATION APPLICATION OF SPECIALITY FERTILIZER IN VALUE BY CROP TYPE IN %, AFRICA, 2023 VS 2030
- Figure 45:
- FOLIAR APPLICATION OF SPECIALITY FERTILIZER IN METRIC TON, AFRICA, 2017 - 2030
- Figure 46:
- FOLIAR APPLICATION OF SPECIALITY FERTILIZER IN USD, AFRICA, 2017 - 2030
- Figure 47:
- FOLIAR APPLICATION OF SPECIALITY FERTILIZER IN VALUE BY CROP TYPE IN %, AFRICA, 2023 VS 2030
- Figure 48:
- SOIL APPLICATION OF SPECIALITY FERTILIZER IN METRIC TON, AFRICA, 2017 - 2030
- Figure 49:
- SOIL APPLICATION OF SPECIALITY FERTILIZER IN USD, AFRICA, 2017 - 2030
- Figure 50:
- SOIL APPLICATION OF SPECIALITY FERTILIZER IN VALUE BY CROP TYPE IN %, AFRICA, 2023 VS 2030
- Figure 51:
- SPECIALITY FERTILIZER CONSUMPTION BY CROP TYPE IN METRIC TON, AFRICA, 2017 - 2030
- Figure 52:
- SPECIALITY FERTILIZER CONSUMPTION BY CROP TYPE IN USD, AFRICA, 2017 - 2030
- Figure 53:
- SPECIALITY FERTILIZER CONSUMPTION VOLUME BY CROP TYPE IN %, AFRICA, 2017 VS 2023 VS 2030
- Figure 54:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AFRICA, 2017 VS 2023 VS 2030
- Figure 55:
- FERTILIZER CONSUMPTION BY FIELD CROPS IN METRIC TON, AFRICA, 2017 - 2030
- Figure 56:
- FERTILIZER CONSUMPTION BY FIELD CROPS IN USD, AFRICA, 2017 - 2030
- Figure 57:
- FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, AFRICA, 2023 VS 2030
- Figure 58:
- FERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN METRIC TON, AFRICA, 2017 - 2030
- Figure 59:
- FERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN USD, AFRICA, 2017 - 2030
- Figure 60:
- FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, AFRICA, 2023 VS 2030
- Figure 61:
- FERTILIZER CONSUMPTION BY TURF & ORNAMENTAL IN METRIC TON, AFRICA, 2017 - 2030
- Figure 62:
- FERTILIZER CONSUMPTION BY TURF & ORNAMENTAL IN USD, AFRICA, 2017 - 2030
- Figure 63:
- FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, AFRICA, 2023 VS 2030
- Figure 64:
- SPECIALITY FERTILIZER CONSUMPTION BY COUNTRY IN METRIC TON, AFRICA, 2017 - 2030
- Figure 65:
- SPECIALITY FERTILIZER CONSUMPTION BY COUNTRY IN USD, AFRICA, 2017 - 2030
- Figure 66:
- SPECIALITY FERTILIZER CONSUMPTION VOLUME BY COUNTRY IN %, AFRICA, 2017 VS 2023 VS 2030
- Figure 67:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY COUNTRY IN %, AFRICA, 2017 VS 2023 VS 2030
- Figure 68:
- FERTILIZER CONSUMPTION IN METRIC TON, NIGERIA, 2017 - 2030
- Figure 69:
- FERTILIZER CONSUMPTION IN USD, NIGERIA, 2017 - 2030
- Figure 70:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, NIGERIA, 2023 VS 2030
- Figure 71:
- FERTILIZER CONSUMPTION IN METRIC TON, SOUTH AFRICA, 2017 - 2030
- Figure 72:
- FERTILIZER CONSUMPTION IN USD, SOUTH AFRICA, 2017 - 2030
- Figure 73:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SOUTH AFRICA, 2023 VS 2030
- Figure 74:
- FERTILIZER CONSUMPTION IN METRIC TON, REST OF AFRICA, 2017 - 2030
- Figure 75:
- FERTILIZER CONSUMPTION IN USD, REST OF AFRICA, 2017 - 2030
- Figure 76:
- SPECIALITY FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, REST OF AFRICA, 2023 VS 2030
- Figure 77:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, AFRICA, 2017 - 2030
- Figure 78:
- AFRICA SPECIALTY FERTILIZER MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
- Figure 79:
- MARKET SHARE OF MAJOR PLAYERS IN %, AFRICA, 2022
Africa 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. Nigeria, South Africa are covered as segments by Country.
- In 2022, controlled-release fertilizers (CRFs) held a 7.4% share of the specialty fertilizer market. The steady growth of CRFs can be attributed to their distinct advantages over traditional fertilizers and the increasing awareness of efficient agricultural practices. CRFs gradually release nutrients over an extended period, ensuring a consistent nutrient supply to plants. This not only reduces nutrient wastage but also minimizes the risk of leaching or evaporation, which is common with conventional fertilizers.
- Water-soluble fertilizers, with a 47.8% market share, ranked second in the specialty fertilizer market in 2022. The use of water-soluble fertilizers has shown potential in reducing both water and fertilizer requirements for cultivating healthy plants.
- The liquid fertilizer market is poised for growth, propelled by advancements in irrigation systems and the rising adoption of advanced cultivation techniques such as hydroponics and aquaponics. The market value of liquid fertilizers is projected to witness a CAGR of 5.8% during 2023-2030.
- The adoption of slow-release fertilizers offers farmers not only economic benefits but also environmental advantages, such as water conservation, prevention of nitrogen volatilization and leaching, and reduced labor in fertilizer handling. These factors are expected to drive a 5.4% growth in the market value of slow-release fertilizers during 2023-20230.
- Given the benefits of specialty fertilizers, including precise nutrient release, reduced application rates, and economic advantages for farmers, the specialty fertilizer market is poised for growth in the coming years.
| Speciality Type | CRF | Polymer Coated |
| Polymer-Sulfur Coated | ||
| Others | ||
| Speciality Type | Liquid Fertilizer | |
| SRF | ||
| Water Soluble | ||
| Application Mode | Fertigation | |
| Foliar | ||
| Soil | ||
| Crop Type | Field Crops | |
| Horticultural Crops | ||
| Turf & Ornamental | ||
| Country | Nigeria | |
| South Africa | ||
| Rest of Africa |
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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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