Market Size of russia specialty fertilizer Industry
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 1.03 Billion |
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Market Size (2030) | USD 1.54 Billion |
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Largest Share by Speciality Type | Water Soluble |
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CAGR (2024 - 2030) | 6.99 % |
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Fastest Growing by Speciality Type | Water Soluble |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Russia Specialty Fertilizer Market Analysis
The Russia Specialty Fertilizer Market size is estimated at 1.03 billion USD in 2024, and is expected to reach 1.54 billion USD by 2030, growing at a CAGR of 6.99% during the forecast period (2024-2030).
1.03 Billion
Market Size in 2024 (USD)
1.54 Billion
Market Size in 2030 (USD)
7.97 %
CAGR (2017-2023)
6.99 %
CAGR (2024-2030)
Largest segment by Speciality Type
49.66 %
value share, Water Soluble, 2023
The growing awareness among the farmers and the convenience of applying water-soluble fertilizers with other agrochemicals have contributed to their growth in the country.
Fastest Growing Speciality Type
7.23 %
Projected CAGR, Water Soluble, 2024-2030
The growing awareness among the farmers and the convenience of applying water-soluble fertilizers with other agrochemicals have contributed to their growth in the country.
Largest Segment by Crop Type
7.02 %
Projected CAGR, Field Crops, 2024-2030
Major field crops like rice, wheat, corn, and sugarcane require more nutrients than others and are needed throughout their life cycle, thus occupying higher market share.
Largest segment by Application Mode
50.31 %
value share, Fertigation, 2023
Fertigation provides essential nutrients directly to the active root zone by minimizing nutrient losses, improving crop productivity, and reducing environmental pollution.
Leading Market Player
23.98 %
market share, EuroChem Group, 2022
EuroChem is vertically integrated with activities that include mining, production, logistics, and fertilizer distribution, that gives a competitive edge over other players.
The rising adoption of precision farming techniques coupled with need to improve productivity is driving the demand for specialty fertilizers.
- The water-soluble fertilizer market in Russia accounted for USD 453.9 million in 2022. Among the nutrients, nitrogen fertilizers are the most commonly used in the form of water-soluble fertilizers, occupying a share of 36.5% with a market value of USD 165.5 million in 2022 followed by secondary nutrients, with 20.0% share, and phosphatic fertilizers, with a 16.5% share, in the same year. Increased awareness among farmers and agricultural professionals about the benefits of water-soluble fertilizers has contributed to their growth.
- Liquid fertilizers are mostly applied through the foliar method over the fertigation method which occupied the major share of 51.5% and is expected to record a 9.8% CAGR during 2023-2030. Foliar application of liquid fertilizers minimizes these losses as the nutrients are applied directly to the plant's foliage, reducing the chances of nutrient runoff and waste.
- The growth of the CRF market is driven by the many advantages they offer, including controlled nutrient release, enhanced nutrient uptake, reduced environmental impact, and compatibility with modern agricultural practices. As the agriculture sector continues to develop, these fertilizers are likely to play an increasingly important role in optimizing nutrient use. Therefore, the market of these fertilizers is projected to record a 7.3% CAGR during 2023-2030.
- However, factors like the higher price of specialty fertilizers, supply chain disruptions, stringent regulations, and agricultural disruption due to the war in the country and Ukraine impacted the growth of the market during the study period.
Russia 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 water-soluble fertilizer market in Russia accounted for USD 453.9 million in 2022. Among the nutrients, nitrogen fertilizers are the most commonly used in the form of water-soluble fertilizers, occupying a share of 36.5% with a market value of USD 165.5 million in 2022 followed by secondary nutrients, with 20.0% share, and phosphatic fertilizers, with a 16.5% share, in the same year. Increased awareness among farmers and agricultural professionals about the benefits of water-soluble fertilizers has contributed to their growth.
- Liquid fertilizers are mostly applied through the foliar method over the fertigation method which occupied the major share of 51.5% and is expected to record a 9.8% CAGR during 2023-2030. Foliar application of liquid fertilizers minimizes these losses as the nutrients are applied directly to the plant's foliage, reducing the chances of nutrient runoff and waste.
- The growth of the CRF market is driven by the many advantages they offer, including controlled nutrient release, enhanced nutrient uptake, reduced environmental impact, and compatibility with modern agricultural practices. As the agriculture sector continues to develop, these fertilizers are likely to play an increasingly important role in optimizing nutrient use. Therefore, the market of these fertilizers is projected to record a 7.3% CAGR during 2023-2030.
- However, factors like the higher price of specialty fertilizers, supply chain disruptions, stringent regulations, and agricultural disruption due to the war in the country and Ukraine impacted the growth of the market during the study period.
| Speciality Type | |||||
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| Liquid Fertilizer | |||||
| SRF | |||||
| Water Soluble |
| Application Mode | |
| Fertigation | |
| Foliar | |
| Soil |
| Crop Type | |
| Field Crops | |
| Horticultural Crops | |
| Turf & Ornamental |
Russia Specialty Fertilizer Market Size Summary
The Russia Specialty Fertilizer Market is poised for significant growth, driven by increasing awareness among agricultural professionals about the benefits of specialty fertilizers, particularly water-soluble and controlled-release fertilizers. These fertilizers are gaining traction due to their advantages such as controlled nutrient release, enhanced uptake, and reduced environmental impact, aligning with modern agricultural practices. The market is moderately consolidated, with major players like Biolchim SPA, EuroChem Group, ICL Group Ltd, KuibyshevAzot PJSC, and PhosAgro Group of Companies leading the charge. Despite challenges such as high costs, supply chain disruptions, and the impact of geopolitical tensions, the market is expected to expand as the agriculture sector continues to develop and optimize nutrient use.
Russia's agricultural landscape, characterized by vast untapped land and a focus on field crops like wheat, corn, and soybean, supports the growth of the specialty fertilizer market. The country's efforts to increase arable land and enhance crop yields through government policies and incentives further bolster this market. Nitrogen, phosphorus, and potassium are the primary nutrients driving demand, with nitrogen being the most widely used due to its role in improving grain quality and crop yield. The expansion of crop cultivation and the emphasis on self-sufficiency to reduce import reliance are key factors contributing to the market's growth trajectory. As the demand for field crops rises, the market for specialty fertilizers is expected to benefit from the increased nutrient application rates and the need for optimized agricultural practices.
Russia Specialty Fertilizer Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
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1.1 Speciality Type
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1.1.1 CRF
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1.1.1.1 Polymer Coated
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1.1.1.2 Polymer-Sulfur Coated
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1.1.1.3 Others
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1.1.2 Liquid Fertilizer
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1.1.3 SRF
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1.1.4 Water Soluble
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1.2 Application Mode
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1.2.1 Fertigation
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1.2.2 Foliar
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1.2.3 Soil
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1.3 Crop Type
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1.3.1 Field Crops
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1.3.2 Horticultural Crops
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1.3.3 Turf & Ornamental
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Russia Specialty Fertilizer Market Size FAQs
How big is the Russia Specialty Fertilizer Market?
The Russia Specialty Fertilizer Market size is expected to reach USD 1.03 billion in 2024 and grow at a CAGR of 6.99% to reach USD 1.54 billion by 2030.
What is the current Russia Specialty Fertilizer Market size?
In 2024, the Russia Specialty Fertilizer Market size is expected to reach USD 1.03 billion.
