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Latin America Specialty Fertilizers Market

The Latin America Specialty Fertilizers Market was worth USD 1.65 billion in 2016 and estimated to be growing at a CAGR of 8.6%, to reach USD 2.49 billion by 2021
Latin America Specialty Fertilizers Market is bound to Exhibit Comprehensive Growth - Market Data
Latin America Specialty Fertilizers Market was worth USD 1.65 billion in 2016 and estimated to be
growing at a CAGR of 8.6%, to reach USD 2.49 billion by 2021. Speciality fertilizers are excessive
evaluation and completely water-soluble fertilizers. These are available in mono, double and multi
nutrient mixtures. They are to be had in liquid form and in crystalline country and can be implemented
to flora via fertigation or foliar utility to maximise fertilizer use efficiency and crop productiveness,
minimize production fee and to improve first-rate of crop and its produce.
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Speciality Fertilizers reduces the loss of vitamins, specifically nitrates and loss of ammonia because of
evaporation which sooner or later decreases the risk of environmental pollution. The demand for those
fertilizers is speedy growing because of all the benefits they offer over the conventional fertilizers. They
assist lessen the environmental effects that traditional fertilizers pose to the earth.
The primary motive force of the Latin America Specialty Fertilizers marketplace is rising demand for
food. Latin American region consists of several nations with inadequate cultivable land to sustain its
large population. This places an introduced pressure at the system to supply at greater performance.
Here uniqueness fertilizers are required to enhance the soil fertility and improve meals manufacturing
prices. Other drivers of the enterprise consist of growing fitness worries because of use of traditional
fertilizers, growing government assist and much less labour requirement. As for the limitations of the
market, it's miles the lack of information approximately area of expertise fertilizers that make people
nonetheless choose traditional fertilizers. Also, the fact that uniqueness fertilizers are steeply-priced
compared to their conventional counterparts additionally doesn’t assist its cause.
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The Latin America Specialty Fertilizers marketplace is broadly categorised into Controlled-Release
Fertilizers and Slow-Release Fertilizers based totally on Action, and based totally on Product Types
they're labeled into Phosphatic Fertilizers, Potassic Fertilizers and Nitrogenous Fertilizers. Based on
utility, they are categorized into Crop-Based Application and Non-Crop-Based Application. Based on
geography, the Latin America market is split into Mexico, Brazil, Argentina and Rest of South American
nations. The Latin American marketplace is only a minor player globally and is the second smallest
market. The location even though has an above common CAGR of 8.6% attributable to the growing
stature of the vicinity.
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Some of the fundamental businesses dominating the market, by means of their products and services
consist of Sociedad Quimica y Minera S.A (Chile) which is native to the vicinity as well as different global
gamers such as Haifa Chemicals (Israel), Sinochem Group (China), Vardhaman Fertilizers and Seeds
(India), Sungro Seeds (India), The Mosaic Company (USA), Verdesian Life Sciences (US), Agrium (Canada),
Potash Corporation of Saskatchewan (Canada) and Yara International (Norway).
Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of
market potential and forecasts with utmost granularity. Along this, the factors influential in
effecting the market dynamics and trends are discussed in detail at the product level. Further,
the performance of the market at the regional and country-level is assessed and the prospects
with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance,
market position and growth strategies. Comparative analysis on prime strategical activities of
the market players delineating the key developments like mergers & acquisitions, collaborations
and an evaluation of the competitive environment within the industry are provided. The report
also offers a broad outlook of the market along with recommendations from industry experts on
the opportunities for investment activity.
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experience in designing custom reports to meet your specific research needs and assist you in
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