(EMAILWIRE.COM, December 16, 2017 ) The Asia Pacific Specialty Fertilizers Market was worth USD 2.4 billion in 2016 and estimated to be growing at a CAGR of 9.1%, to reach USD 3.71 billion by 2021. Specialty Fertilizers are granulated fertilizers that gradually supply nutrients to the soil. They can additionally be modified through chemical techniques so as to provide the required nutrient uptake. These methods include coating, encapsulation and solubility reduction.

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Speciality Fertilizers can be synthetic or organic. In some fertilizers, the nutrients are not directly released into the soil in a form that can be utilized by plants. They require micro-organisms present in the soil to convert them into nutrient forms that can be utilized by the plants. Specialty Fertilizers also reduces the loss of nutrients, especially nitrates and loss of ammonia due to evaporation.

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The Asia-Pacific Specialty Fertilizers market is driven by a slew of factors such as growing food demand, environmental concerns, growing government support, increasing private investments and decreased land availability. All of the problems such as land availability, environmental concerns and growing food demand is relevant most in the Asia-Pacific region where the population growth is on an unprecedented scale. There is increased pressure to produce more using less land while minimally affecting the ecosystem. As for the constraints to the market, the relative expense of specialty fertilizers as compared to normal fertilizers is the main contributing factor. Additionally, in developing countries the customers are not completely aware of the advantages of using specialty fertilizers and tend to stick to conventional fertilizers for agriculture.

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Market Segmentation

Product Types
• Phosphatic
• Potassic
• Nitrogenous
• Y-o-Y Growth Analysis, By Product Type
• Market Attractiveness Analysis, By Product Type
• Market Share Analysis, By Product Type

Action
• Controlled Release
• Slow Release
• Y-o-Y Growth Analysis, By Action
• Market Attractiveness Analysis, By Action
• Market Share Analysis, By Action

Crops Application
• Crop-Based Application
• Non-Crop-Based Application
• Y-o-Y Growth Analysis, By Crops Application
• Market Attractiveness Analysis, By Crops Application
• Market Share Analysis, By Crops Application

Based on geography, the Asia-Pacific market is divided into India, China, South Korea, Japan, Australia and Rest of APAC. The Asia-Pacific region has the highest growth rate of all regions coming in with a CAGR of 9.1%. The region also has the third highest market share with 16% of the global market.

Some of the major companies dominating the market, by their products and services include Haifa Chemicals (Israel), Sinochem Group (China), Vardhaman Fertilizers and Seeds (India) and Sungro Seeds (India) which are native to Asia-Pacific region. In addition to this companies such as The Mosaic Company (USA), Verdesian Life Sciences (US), Agrium (Canada), Potash Corporation of Saskatchewan (Canada), Yara International (Norway), Sociedad Quimica y Minera S.A (Chile) also operate in the region.

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