Latin America Specialty Fertilizers Market 2023 - 2028: Market Trends

The Latin America Specialty Fertilizers Market size is valued at around USD 11.4 billion in 2024 and is projected to grow at a CAGR of around 7.63% during the forecast period, i.e., 2023-28.                                                  

Latin America Specialty Fertilizers Market Dynamics:

Increasing Population & Consumer Demand for Sustainable Food - The population of Latin America is rising at a notable pace and, consequently, creating immense food requirements. Specialty fertilizers help farmers produce more food with fewer resources, which makes them an attractive option for farmers looking for increased yields & productivity. Along with this, more & more consumers are becoming increasingly aware of the adverse impact of traditional agricultural practices on the environment and thus are seeking more sustainable food options. As a result, farmers are adopting specialty fertilizers to minimize nutrient runoff & environmental pollution and promote soil health. It is helping farmers to reduce the use of pesticides, implement sustainable irrigation systems, and reduce greenhouse gas emissions. Moreover, active government efforts to promote sustainable agriculture and improve agricultural productivity, such as subsidies, tax incentives, & various programs that encourage the adoption of specialty fertilizers, are also set to boost the market in the coming years.

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Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Latin America Specialty Fertilizers Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2022

-Historical Period: 2018 to 2021

-Forecast Period: 2023-28

• By Nutrient Type
  • Primary Nutrients- Market Size & Forecast 2018-2028, Thousand Tons
    • Nitrogen- Market Size & Forecast 2018-2028, Thousand Tons
    • Phosphorus-  Market Size & Forecast 2018-2028, Thousand Tons
    • Potassium - Market Size & Forecast 2018-2028, Thousand Tons
  • Secondary Nutrients- Market Size & Forecast 2018-2028, Thousand Tons
    • Calcium- Market Size & Forecast 2018-2028, Thousand Tons
    • Magnesium- Market Size & Forecast 2018-2028, Thousand Tons
    • Sulfur- Market Size & Forecast 2018-2028, Thousand Tons
  • Micronutrients- Market Size & Forecast 2018-2028, Thousand Tons
    • Boron- Market Size & Forecast 2018-2028, Thousand Tons
    • Copper- Market Size & Forecast 2018-2028, Thousand Tons
    • Others (Manganese, Iron, Zinc, etc.- Market Size & Forecast 2018-2028, Thousand Tons)
• By Crop Type
  • Cereals & Grains- Market Size & Forecast 2018-2028, Thousand Tons
    • Wheat- Market Size & Forecast 2018-2028, Thousand Tons
    • Rice- Market Size & Forecast 2018-2028, Thousand Tons
    • Corn- Market Size & Forecast 2018-2028, Thousand Tons
    • Others (Sugarcane, Cotton, etc.)- Market Size & Forecast 2018-2028, Thousand Tons
  • Fruits & Vegetables- Market Size & Forecast 2018-2028, Thousand Tons
    • Leafy Vegetables- Market Size & Forecast 2018-2028, Thousand Tons
    • Roots & Tuber Vegetables- Market Size & Forecast 2018-2028, Thousand Tons
    • Citrus Fruits- Market Size & Forecast 2018-2028, Thousand Tons
    • Others (Pome Fruits, Stone Fruits, Grapes, etc.)- Market Size & Forecast 2018-2028, Thousand Tons
  • Oilseed & Pulses- Market Size & Forecast 2018-2028, Thousand Tons
    • Soybean- Market Size & Forecast 2018-2028, Thousand Tons
    • Sunflower- Market Size & Forecast 2018-2028, Thousand Tons
    • Others (Rapeseed, Niger, etc.)- Market Size & Forecast 2018-2028, Thousand Tons
• By Form
  • Controlled Release Fertilizers- Market Size & Forecast 2018-2028, Thousand Tons
  • Slow Release Fertilizers- Market Size & Forecast 2018-2028, Thousand Tons
  • Water Soluble Fertilizers- Market Size & Forecast 2018-2028, Thousand Tons
  • Liquid Fertilizers- Market Size & Forecast 2018-2028, Thousand Tons
  • Others (Micronutrients, Granular, etc.)- Market Size & Forecast 2018-2028, Thousand Tons
• By Application Methods
  • Soil- Market Size & Forecast 2018-2028, Thousand Tons
  • Foliar- Market Size & Forecast 2018-2028, Thousand Tons
  • Fertigation- Market Size & Forecast 2018-2028, Thousand Tons
• By Country
  • Mexico
  • Brazil
  • Argentina
  • Columbia
  • Chile
  • Peru
  • Rest of Latin America

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including -   Compact-expert, Haifa, ICL Group, Nortox, Nutrien Limited, Sociedad Quimica y Minera (SQM), The Mosaic Company, Yara International ASA, K+S AKTIENGESELLSCHAFT, ManttraGimsa, Others

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