A comprehensive industry overview and market perspective are included in the latest study from MarkNtel Advisors titled Latin America Specialty Fertilizers Market. The research provides a detailed overview of the current market state, including market trends and the most recent advancements made globally. In-depth analysis of market size, share, industry trends, forecast, and competitive environment is covered in the report that presents clear picture of the market with relevant statistical data.

The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.

Latin America Specialty Fertilizers Market Definition:

Specialty fertilizers are a category of fertilizers formulated to address specific nutritional deficiencies of various crops & soil conditions and ensure optimal plant growth & productivity. They are gaining significant traction across different regions worldwide, including Latin America, where farmers are increasingly embracing them to enhance nutrient efficiency, maximize yields, and reduce environmental impact.

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Latin America Specialty Fertilizers Market Insights:

The Latin America Specialty Fertilizers Market is projected to grow at a CAGR of around 7.63% during the forecast period, i.e., 2023-28.

Latin America Specialty Fertilizers Market Driver:

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.

Latin America Specialty Fertilizers Market Leading Key Players:

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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Latin America Specialty Fertilizers Market Segmentation:

Based on 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)

Based on 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

Based on 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

Based on 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

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Latin America Specialty Fertilizers Market Geographical Analysis

By Region

- Mexico

- Brazil

- Argentina

- Columbia

- Chile

- Peru

- Rest of Latin America

Recent Development of Latin America Specialty Fertilizers Market:

In 2023, Manttra Americas, a manufacturer & distributor of specialty fertilizers in Latin America, and Grupo Industrial Monclova opened a new production facility in Coahuila, Mexico, which comes under the joint venture ManttraGimsa and has a capacity of 100,000 tonnes/year of specialty fertilizers, including formulations of micronutrients, fulvic acids & amino acids.

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