Coated Fertilizers Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Sulfur-coated Fertilizers, Polymer-coated Fertilizers, Others), By Crop Type (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Others), By Region and Competition 2018-2028

Market Size and Growth Trends

• Market Size (2023) The global coated fertilizers market was valued at approximately 2.5billion in 2023.

• Projected Growth (CAGR) The market is expected to grow at a Compound Annual Growth Rate (CAGR) of 6% to 8% from 2023 to 2030.

• Projected Market Size (2030) By 2030, the market is anticipated to reach 5 billion.

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Key Drivers

1. Increasing Demand for Food Rising global population and food demand are driving the need for higher agricultural productivity.

2. Environmental Concerns Coated fertilizers reduce nutrient runoff and greenhouse gas emissions, aligning with sustainable farming practices.

3. Technological Advancements Innovations in coating materials and techniques are improving the efficiency and cost-effectiveness of coated fertilizers.

4. Government Support Subsidies and policies promoting sustainable agriculture are boosting market growth.

Types of Coated Fertilizers

1. Polymer-Coated Fertilizers (PCFs) Most widely used due to their controlled-release properties.

2. Sulfur-Coated Fertilizers (SCFs) Provide both nutrient release and soil conditioning benefits.

3. Urea-Formaldehyde Coated Fertilizers Offer slow-release nitrogen for long-term crops.

4. Others Includes bio-based and hybrid coatings.

Regional Insights

• North America A leading market due to advanced agricultural practices and high adoption of sustainable technologies.

• Europe Strong growth driven by stringent environmental regulations and support for eco-friendly farming.

• Asia-Pacific Fastest-growing region due to increasing agricultural activities, population growth, and rising awareness of sustainable practices.

• Latin America and Africa Emerging markets with growing adoption of modern farming techniques.

Advancements in technology have played a significant role in the development of global coated fertilizers. In recent years, researchers have made advancements in coating materials used for coated fertilizers. They have explored different types of polymers, resins, and other materials to create coatings that offer improved release control, durability, and environmental stability. Additionally, advancements in coating techniques have contributed to the production of more efficient coated fertilizers. Innovations such as fluidized bed coating, pan coating, and extrusion coating have improved the uniformity and adherence of the coating on fertilizer granules, thereby opening new prospects for the growth of the global coated fertilizers market in the next few years.

The global coated fertilizers market faces several challenges, including high initial investment due to the cost of purchasing coated fertilizers, specialized application equipment, and implementing precision agriculture technologies, financial constraints in terms of research and development costs, environmental regulation for governing nutrient management practices, and minimizing environmental impacts. Market fragmentation with numerous manufacturers offering different formulations and products also poses a challenge. This fragmentation can lead to market confusion and a lack of standardized quality control measures, along with the growing trend of customized formulation for specific crops.

In the United States, coated fertilizers are regulated by the Environmental Protection Agency (EPA) under the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA). In Europe, coated fertilizers are regulated under the EU Fertilizers Regulation (Regulation (EU) 2019/1009), and so on.

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The use of CRFs can significantly minimize the environmental impact of fertilizer consumption, reducing it by 20% to 50% overall. CRFs can decrease leaching rates by up to 55%, denitrification rates by up to 40%, and volatilization rates by up to 40%.

Enhanced Nutrient Efficiency Promises to Drive the Market

A reduction of 40% in nutrient application can be achieved compared to applications with conventional fertilizers due to the gradual release of nutrients, which does not affect the electrical conductivity (EC) of the soil solution

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Environmental Concerns

The estimated environmental impact of using uncoated urea as an N fertilizer ranged from 127% to 476% higher than that of coated urea, which was just 25% to 52% higher (not significantly) than background emission values.

Recent Developments

• In 2022, Orbia received a contribution from Yara and took another step in its plan to expand. Yara, a major provider of crop nutrition, now holds a minority stake in the business with 14% of the shares. With this new arrangement, Bayer and Bravium each possess a smaller percentage of the company's shares, 68.8% and 17.2% respectively. Yara will be able to broaden its newly announced loyalty program in addition to the range of items sold via Orbia.
• In 2022, the Mosaic Company, a major producer of agricultural chemicals and fertilizers, recently acquired Plant Response, a leading provider of biologically based solutions, recovered waste fertilizers, and other crop input technologies. As Plant Response's sole financial advisor, Cascadia Capital, an investment bank that works with the AgTech industry, served as the intermediary. Plant Response, which recently merged Koch Biological Solutions (2019), Pathway BioLogic (2020), and WISErg (2021), brings together a comprehensive portfolio of biologically based crop inputs and technology.
• In 2021, Compass Minerals América do Sul S.A., which includes the South American Plant Nutrition business of Compass Minerals, was acquired by the largest worldwide specialty minerals and specialty chemicals corporation for about US420 million. In Brazil, one of the world's fastest-growing agriculture markets, ICL is the top provider of specialty plant nutrition thanks to its recent acquisition of Fertiláqua and existing specialty plant nutrition business there.

Market Segmentation

Global Coated Fertilizers Market can be segmented by type, by crop type, by region and competitive landscape. Based on type, the market can be divided into Sulfur-coated Fertilizers, Polymer-coated Fertilizers, and Others. Based on Crop Type, the market is divided into Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Others. Regionally, the Global Coated Fertilizers Market can be categorized into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

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Market Players

Yara International ASA., The Mosaic Company, ICL Group Ltd., Koch Industries, Inc., Nutrien Ltd., Agrium Inc, Sinochem Group Co. Ltd., EuroChem Group AG are some of the leading players operating in the Global Coated Fertilizers Market.

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