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

The Brazil Specialty Fertilizer Market is segmented by Speciality Type (CRF, Liquid Fertilizer, SRF, Water Soluble), by Application Mode (Fertigation, Foliar, Soil) and by Crop Type (Field Crops, Horticultural Crops, Turf & Ornamental). The report offers market size in both market value in USD and market volume in metric ton. Further, the report includes a market split by Type, Form, Application Mode and Crop Type.

Brazil Specialty Fertilizer Market Size

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Brazil Specialty Fertilizer Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2030
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 1.88 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2030) USD 2.64 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Speciality Type Liquid Fertilizer
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2030) 5.85 %
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by Speciality Type CRF

Major Players

Brazil Specialty Fertilizer Market Major Players

*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

Icon image

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

Icon image

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

Icon image

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

Icon image

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

Icon image

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 Market Trends

The increased global demand for food and animal feed has led to the expansion of field crop acreage

  • Brazil has become self-sufficient in crop production. From being the major importer of food grains, the country emerged as a large exporter of important crops like soybean, rice, maize/corn, and cotton. Agriculture in Brazil has high potential in the cultivation of diversified crops due to increasing arable land and area under cultivation of field crops. The area under the cultivation of field crops in Brazil increased from 61.0 million hectares in 2017 to 70.2 million hectares in 2022 with an increase of 15.9%.
  • Soybean dominates Brazil's agricultural landscape, accounting for 57.51% of the cultivated area, followed by corn at 26.5%. In 2022, Brazil's soybean production hit 153 million tonnes, boasting a yield of 3.533 tonnes per hectare. Brazil is poised to retain its position as the world's leading soybean producer, trailed by the United States and Argentina. Key agricultural regions in Brazil include Mato Grosso, Parana, Rio Grande Do Sul, Sao Paulo, and Goias.
  • Brazil experiences two cropping seasons: September to March and February to July. The first season, spanning September to March, yields higher than the second. During the 2021-2022 crop year, wheat production in Brazil reached 2.89 metric tons per hectare, a slight uptick from the previous year's 2.8 tons per hectare. The growing demand, both domestically and internationally, for field crops has spurred a significant expansion in cultivation areas. This expansion is anticipated to have a direct and positive impact on the Brazilian fertilizer market during 2023-2030.
Brazil Specialty Fertilizer Market

Rapeseed being the most nitrogen-consuming crop in Brazil

  • In Brazil, primary nutrients dominate the fertilizer consumption landscape, with an average application rate of 175.6 kg/ha in 2022. These nutrients are crucial for crop growth and yield, and their scarcity can impede plant development. Among primary nutrients, nitrogen is the most applied in the country, and the application rate of nitrogen on average is 194.8 kg/ha. Canola/rapeseed is the most nitrogen-consuming crop, with an application rate of 396 kg/ha, followed by cotton, corn, and sorghum, amounting to 274 kg/ha, 271kg/ha, and 264 kg/ha, respectively. The large requirement of nitrogen is because of its role in plant protein formation. It contains amino acids and nucleotides, which are the base for plant growth and development, and is the second most sought-after primary nutrient, with an average application rate of 182.8 kg/ha in 2022. Its importance stems from its ability to bolster crop resilience against pests and diseases, facilitate nutrient and water transport, and ensure overall plant survival. Canola, cotton, sorghum, and soybean are notable potassium consumers, with rates of 283.8 kg/ha, 260.4 kg/ha, 219.2 kg/ha, and 192 kg/ha, respectively.
  • Phosphorous, ranking third in primary nutrient consumption, saw an average application rate of 149.1 kg/ha in field crops in 2022. Canola/rapeseed leads the pack here as well, with an application rate of 197.39 kg/ha, followed by corn, soybean, and cotton at 192 kg/ha, 180.9 kg/ha, and 172.1 kg/ha, respectively. Primary nutrients, including phosphorous, contribute to robust root systems and energy transfer in plants.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • The high post-harvest losses associated with fruits and vegetables has a impact over area under cultivation
  • The average application rate of micronutrients for vegetable crops in Brazil was 4.4 kg/ha in 2022
  • Sulfur deficiencies are more prominent in sandy soils, increasing the sulfur requirement per hectare of agricultural land
  • Drip irrigation and sprinklers can be used only on land spanning up to 50 ha
  • Brazilian farmers are increasingly using micronutrients, as they extensively produce high nutrient-consuming crops like soybean
  • Vegetables have less potassium content compared to fruits requiring higher per-hectare application
  • Though magnesium deficiencies in vegetable crops may not affect the quality of the fruit, it may stress the crop, leading to low yields

Brazil Specialty Fertilizer Industry Overview

The Brazil Specialty Fertilizer Market is moderately consolidated, with the top five companies occupying 45.10%. The major players in this market are K+S Aktiengesellschaft, Sociedad Quimica y Minera de Chile SA, The Mosaic Company, TIMAC Agro and Yara International ASA (sorted alphabetically).

Brazil Specialty Fertilizer Market Leaders

  1. K+S Aktiengesellschaft

  2. Sociedad Quimica y Minera de Chile SA

  3. The Mosaic Company

  4. TIMAC Agro

  5. Yara International ASA

Brazil Specialty Fertilizer Market Concentration

Other important companies include EuroChem Group, Grupa Azoty S.A. (Compo Expert), Haifa Group, ICL Group Ltd.

*Disclaimer: Major Players sorted in alphabetical order.

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Brazil Specialty Fertilizer Market News

  • March 2022: The Haifa Group entered a purchase agreement with HORTICOOP BV to acquire Horticoop Andina, the distributor of nutritional products for agriculture. Through this acquisition of the brand, Haifa intends to expand its market presence in the Latin American market and strengthen its position as a global superbrand in advanced plant nutrition.
  • January 2021: ICL Group Ltd acquired Fertilaqua, one of Brazil's leading specialty plant nutrition companies to increase the sales of its controlled-released fertilizers, organic fertilizers, and other specialty plant nutrition products.
  • November 2018: ICL Fertilizers developed a new line of premium fertilizers that help farmers feed their crops precisely. Polysulphate, ICLPotashpluS, and ICLPKpluS are manufactured from polyhalite, a mineral extracted at the ICL mine in Boulby, United Kingdom, to meet the agricultural need for balanced, targeted nutrition.

Free with this Report

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.

Brazil Specialty Fertilizer Market
Brazil Specialty Fertilizer Market
Brazil Specialty Fertilizer Market
Brazil Specialty Fertilizer Market

Brazil 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

  • 4.1 Acreage Of Major Crop Types
    • 4.1.1 Field Crops
    • 4.1.2 Horticultural Crops
  • 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)

  • 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
  • 5.2 Application Mode
    • 5.2.1 Fertigation
    • 5.2.2 Foliar
    • 5.2.3 Soil
  • 5.3 Crop Type
    • 5.3.1 Field Crops
    • 5.3.2 Horticultural Crops
    • 5.3.3 Turf & Ornamental

6. COMPETITIVE LANDSCAPE

  • 6.1 Key Strategic Moves
  • 6.2 Market Share Analysis
  • 6.3 Company Landscape
  • 6.4 Company Profiles
    • 6.4.1 EuroChem Group
    • 6.4.2 Grupa Azoty S.A. (Compo Expert)
    • 6.4.3 Haifa Group
    • 6.4.4 ICL Group Ltd
    • 6.4.5 K+S Aktiengesellschaft
    • 6.4.6 Sociedad Quimica y Minera de Chile SA
    • 6.4.7 The Mosaic Company
    • 6.4.8 TIMAC Agro
    • 6.4.9 Yara International ASA
  • *List Not Exhaustive

7. KEY STRATEGIC QUESTIONS FOR FERTILIZER CEOS

8. APPENDIX

  • 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
** Subject To Availablity

List of Tables & Figures

  1. Figure 1:  
  2. CULTIVATION OF FIELD CROPS IN HECTARE, BRAZIL, 2017 - 2022
  1. Figure 2:  
  2. CULTIVATION OF HORTICULTURAL CROPS IN HECTARE, BRAZIL, 2017 - 2022
  1. Figure 3:  
  2. CONSUMPTION OF MICRONUTRIENTS BY FIELD CROPS IN KG/HECTARE, BRAZIL, 2022
  1. Figure 4:  
  2. CONSUMPTION OF MICRONUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, BRAZIL, 2022
  1. Figure 5:  
  2. CONSUMPTION OF PRIMARY NUTRIENTS BY FIELD CROPS IN KG/HECTARE, BRAZIL, 2022
  1. Figure 6:  
  2. CONSUMPTION OF PRIMARY NUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, BRAZIL, 2022
  1. Figure 7:  
  2. CONSUMPTION OF SECONDARY MACRONUTRIENTS BY FIELD CROPS IN KG/HECTARE, BRAZIL, 2022
  1. Figure 8:  
  2. CONSUMPTION OF SECONDARY MACRONUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, BRAZIL, 2022
  1. Figure 9:  
  2. AGRICULTURAL LAND EQUIPPED FOR IRRIGATION IN HECATRE, BRAZIL, 2022
  1. Figure 10:  
  2. SPECIALITY FERTILIZER CONSUMPTION IN METRIC TON, BRAZIL, 2017 - 2030
  1. Figure 11:  
  2. SPECIALITY FERTILIZER CONSUMPTION IN USD, BRAZIL, 2017 - 2030
  1. Figure 12:  
  2. FERTILIZER CONSUMPTION BY SPECIALITY TYPE IN METRIC TON, BRAZIL, 2017 - 2030
  1. Figure 13:  
  2. FERTILIZER CONSUMPTION BY SPECIALITY TYPE IN USD, BRAZIL, 2017 - 2030
  1. Figure 14:  
  2. FERTILIZER CONSUMPTION VOLUME BY SPECIALITY TYPE IN %, BRAZIL, 2017 VS 2023 VS 2030
  1. Figure 15:  
  2. FERTILIZER CONSUMPTION VALUE BY SPECIALITY TYPE IN %, BRAZIL, 2017 VS 2023 VS 2030
  1. Figure 16:  
  2. CRF FERTILIZER CONSUMPTION BY COATING TYPE IN METRIC TON, BRAZIL, 2017 - 2030
  1. Figure 17:  
  2. CRF FERTILIZER CONSUMPTION BY COATING TYPE IN USD, BRAZIL, 2017 - 2030
  1. Figure 18:  
  2. CRF FERTILIZER CONSUMPTION VOLUME BY COATING TYPE IN %, BRAZIL, 2017 VS 2023 VS 2030
  1. Figure 19:  
  2. CRF FERTILIZER CONSUMPTION VALUE BY COATING TYPE IN %, BRAZIL, 2017 VS 2023 VS 2030
  1. Figure 20:  
  2. POLYMER COATED CRF FERTILIZER CONSUMPTION IN METRIC TON, BRAZIL, 2017 - 2030
  1. Figure 21:  
  2. POLYMER COATED CRF FERTILIZER CONSUMPTION IN USD, BRAZIL, 2017 - 2030
  1. Figure 22:  
  2. POLYMER COATED CRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, BRAZIL, 2023 VS 2030
  1. Figure 23:  
  2. POLYMER-SULFUR COATED CRF FERTILIZER CONSUMPTION IN METRIC TON, BRAZIL, 2017 - 2030
  1. Figure 24:  
  2. POLYMER-SULFUR COATED CRF FERTILIZER CONSUMPTION IN USD, BRAZIL, 2017 - 2030
  1. Figure 25:  
  2. POLYMER-SULFUR COATED CRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, BRAZIL, 2023 VS 2030
  1. Figure 26:  
  2. OTHERS CRF FERTILIZER CONSUMPTION IN METRIC TON, BRAZIL, 2017 - 2030
  1. Figure 27:  
  2. OTHERS CRF FERTILIZER CONSUMPTION IN USD, BRAZIL, 2017 - 2030
  1. Figure 28:  
  2. OTHERS CRF FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, BRAZIL, 2023 VS 2030
  1. Figure 29:  
  2. LIQUID FERTILIZER FERTILIZER CONSUMPTION IN METRIC TON, BRAZIL, 2017 - 2030
  1. Figure 30:  
  2. LIQUID FERTILIZER FERTILIZER CONSUMPTION IN USD, BRAZIL, 2017 - 2030
  1. Figure 31:  
  2. LIQUID FERTILIZER FERTILIZER CONSUMPTION BY CROP TYPE IN USD, BRAZIL, 2017 - 2030
  1. Figure 32:  
  2. SRF FERTILIZER CONSUMPTION IN METRIC TON, BRAZIL, 2017 - 2030
  1. Figure 33:  
  2. SRF FERTILIZER CONSUMPTION IN USD, BRAZIL, 2017 - 2030
  1. Figure 34:  
  2. SRF FERTILIZER CONSUMPTION BY CROP TYPE IN USD, BRAZIL, 2017 - 2030
  1. Figure 35:  
  2. WATER SOLUBLE FERTILIZER CONSUMPTION IN METRIC TON, BRAZIL, 2017 - 2030
  1. Figure 36:  
  2. WATER SOLUBLE FERTILIZER CONSUMPTION IN USD, BRAZIL, 2017 - 2030
  1. Figure 37:  
  2. WATER SOLUBLE FERTILIZER CONSUMPTION BY CROP TYPE IN USD, BRAZIL, 2017 - 2030
  1. Figure 38:  
  2. SPECIALITY FERTILIZER CONSUMPTION BY APPLICATION MODE IN METRIC TON, BRAZIL, 2017 - 2030
  1. Figure 39:  
  2. SPECIALITY FERTILIZER CONSUMPTION BY APPLICATION MODE IN USD, BRAZIL, 2017 - 2030
  1. Figure 40:  
  2. SPECIALITY FERTILIZER CONSUMPTION VOLUME BY APPLICATION MODE IN %, BRAZIL, 2017 VS 2023 VS 2030
  1. Figure 41:  
  2. SPECIALITY FERTILIZER CONSUMPTION VALUE BY APPLICATION MODE IN %, BRAZIL, 2017 VS 2023 VS 2030
  1. Figure 42:  
  2. FERTIGATION APPLICATION OF SPECIALITY FERTILIZER IN METRIC TON, BRAZIL, 2017 - 2030
  1. Figure 43:  
  2. FERTIGATION APPLICATION OF SPECIALITY FERTILIZER IN USD, BRAZIL, 2017 - 2030
  1. Figure 44:  
  2. FERTIGATION APPLICATION OF SPECIALITY FERTILIZER IN VALUE BY CROP TYPE IN %, BRAZIL, 2023 VS 2030
  1. Figure 45:  
  2. FOLIAR APPLICATION OF SPECIALITY FERTILIZER IN METRIC TON, BRAZIL, 2017 - 2030
  1. Figure 46:  
  2. FOLIAR APPLICATION OF SPECIALITY FERTILIZER IN USD, BRAZIL, 2017 - 2030
  1. Figure 47:  
  2. FOLIAR APPLICATION OF SPECIALITY FERTILIZER IN VALUE BY CROP TYPE IN %, BRAZIL, 2023 VS 2030
  1. Figure 48:  
  2. SOIL APPLICATION OF SPECIALITY FERTILIZER IN METRIC TON, BRAZIL, 2017 - 2030
  1. Figure 49:  
  2. SOIL APPLICATION OF SPECIALITY FERTILIZER IN USD, BRAZIL, 2017 - 2030
  1. Figure 50:  
  2. SOIL APPLICATION OF SPECIALITY FERTILIZER IN VALUE BY CROP TYPE IN %, BRAZIL, 2023 VS 2030
  1. Figure 51:  
  2. SPECIALITY FERTILIZER CONSUMPTION BY CROP TYPE IN METRIC TON, BRAZIL, 2017 - 2030
  1. Figure 52:  
  2. SPECIALITY FERTILIZER CONSUMPTION BY CROP TYPE IN USD, BRAZIL, 2017 - 2030
  1. Figure 53:  
  2. SPECIALITY FERTILIZER CONSUMPTION VOLUME BY CROP TYPE IN %, BRAZIL, 2017 VS 2023 VS 2030
  1. Figure 54:  
  2. SPECIALITY FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, BRAZIL, 2017 VS 2023 VS 2030
  1. Figure 55:  
  2. SPECIALITY FERTILIZER CONSUMPTION BY FIELD CROPS IN METRIC TON, BRAZIL, 2017 - 2030
  1. Figure 56:  
  2. SPECIALITY FERTILIZER CONSUMPTION BY FIELD CROPS IN USD, BRAZIL, 2017 - 2030
  1. Figure 57:  
  2. SPECIALITY FERTILIZER CONSUMPTION VALUE BY TYPE IN %, BRAZIL, 2023 VS 2030
  1. Figure 58:  
  2. SPECIALITY FERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN METRIC TON, BRAZIL, 2017 - 2030
  1. Figure 59:  
  2. SPECIALITY FERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN USD, BRAZIL, 2017 - 2030
  1. Figure 60:  
  2. SPECIALITY FERTILIZER CONSUMPTION VALUE BY TYPE IN %, BRAZIL, 2023 VS 2030
  1. Figure 61:  
  2. SPECIALITY FERTILIZER CONSUMPTION BY TURF & ORNAMENTAL IN METRIC TON, BRAZIL, 2017 - 2030
  1. Figure 62:  
  2. SPECIALITY FERTILIZER CONSUMPTION BY TURF & ORNAMENTAL IN USD, BRAZIL, 2017 - 2030
  1. Figure 63:  
  2. SPECIALITY FERTILIZER CONSUMPTION VALUE BY TYPE IN %, BRAZIL, 2023 VS 2030
  1. Figure 64:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, BRAZIL, 2017 - 2030
  1. Figure 65:  
  2. BRAZIL SPECIALTY FERTILIZER MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
  1. Figure 66:  
  2. MARKET SHARE OF MAJOR PLAYERS IN %, BRAZIL, 2022

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
Speciality Type Liquid Fertilizer
SRF
Water Soluble
Application Mode Fertigation
Foliar
Soil
Crop Type Field Crops
Horticultural Crops
Turf & Ornamental
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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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Brazil Specialty Fertilizer Market Research 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.

K+S Aktiengesellschaft, Sociedad Quimica y Minera de Chile SA, The Mosaic Company, TIMAC Agro and Yara International ASA are the major companies operating in the Brazil Specialty Fertilizer Market.

In the Brazil Specialty Fertilizer Market, the Liquid Fertilizer segment accounts for the largest share by speciality type.

In 2024, the CRF segment accounts for the fastest growing by speciality type in the Brazil Specialty Fertilizer Market.

In 2023, the Brazil Specialty Fertilizer Market size was estimated at 1.88 billion. The report covers the Brazil Specialty Fertilizer Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Brazil Specialty Fertilizer Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030.

Brazil Specialty Fertilizer Industry Report

Statistics for the 2023 Brazil Specialty Fertilizer market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Brazil Specialty Fertilizer analysis includes a market forecast outlook to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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

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