- The plant will be operational by the end of 2025.
- The market for global specialty fertilizers is projected to grow at a CAGR of 6.8% between 2022 and 2027.
- Biostimulants are projected to grow at a CAGR of over 12% from 2018 to 2030.
- YaraVita products have shown yield increases of 3% to 8%, and up to 30% in some trials.
New Production Plant
Yara International announced plans to build a new global production plant for specialty crop nutrition products and biostimulants in Yorkshire, UK. The plant will be one of the largest in the world for these products, aimed at increasing yields and improving crop quality. The facility is expected to be operational by the end of 2025 and will double the capacity of YaraVita products, with nearly all output exported globally.
Market Growth
The specialty crop nutrition business is one of the fastest-growing markets in agriculture. Sales of YaraVita products and biostimulants have grown fivefold in the last 20 years. The global market for specialty fertilizers is projected to grow at a compounded annual growth rate (CAGR) of 6.8% between 2022 and 2027. Biostimulants are expected to grow at an even higher rate, with a CAGR of over 12% from 2018 to 2030.
Product Benefits
Specialty nutrients provided by foliar fertilizers are vital for crop growth and quality, similar to how vitamins benefit humans. These products help plants adapt better to climate change and improve nutrient use efficiency. Around 3,000 trials have shown that YaraVita products can increase yields by 3% to 8%, and up to 30% in some cases. Higher yields and improved crop quality enhance farmers' profitability and return on investment.
Strategic Importance
The new plant will enable Yara to expand its footprint in the specialty crop nutrition market, addressing food security and climate change challenges. The facility will support the production of products that help farmers increase yields and quality without increasing land use, contributing to a lower carbon footprint for food production.
