The global market for speciality fertilizers has been valued at around $13 billion and is growing strongly at around 5-7 percent p.a.Important market segments include water-soluble fertilizers(WSF),slow-and controlled-release fertilizers(SRFs and CRFs),micronutrient products and biostimulants.Market growth is being driven by factors such as the shift to high-value cash crops,the rise of drip irrigation,the need for better water and nutrient use efficiency,and the push for ever higher crop yields.Global market growth for specialities is expected to accelerate into double-digits beyond 2020.
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