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Controlled Release Fertilizers Market Size by Product Type (Polymer-coated Fertilizers, Resin-coated Fertilizers), By Application (Top-dressing, Dibbling, Incorporation), By Crop Type (Non-Agriculture, Agriculture), By Geographic Scope and Forecast


Published on: 2024-08-02 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Controlled Release Fertilizers Market Size by Product Type (Polymer-coated Fertilizers, Resin-coated Fertilizers), By Application (Top-dressing, Dibbling, Incorporation), By Crop Type (Non-Agriculture, Agriculture), By Geographic Scope and Forecast

Controlled Release Fertilizers Market Size and Forecast

Global Controlled Release Fertilizers Market size is valued at USD 3.12 Billion in 2023 and is projected to reach 5.43 USD Billion by 2031 growing at a CAGR of 7.91% from 2024 to 2031.

  • Controlled Release Fertilizer (CRF) is a form of fertilizer that releases nutrients gradually over time, matching the nutrient requirements of plants. This slow-release method lowers nutrient loss through leaching or volatilization, improves fertilizer usage efficiency and reduces environmental impact, thereby supporting sustainable agriculture practices.
  • CRF delivers a consistent nutrient delivery throughout time, reducing nutrient leaching, increasing plant growth and limiting environmental impact. Its effective nitrogen delivery increases crop yields while decreasing the frequency of fertilizer applications.
  • These will improve sustainable agriculture by optimizing nutrient delivery, lowering environmental impact and increasing crop output. Its precise nutrient release time will satisfy individual plant requirements, boosting effective resource use and reducing waste.

Global Controlled Release Fertilizers Market Dynamics

The key market dynamics that are shaping the global Controlled Release Fertilizers Market include

Key Market Drivers

  • Environmental Concerns Stricter rules are encouraging farmers to use CRFs, which reduce nutrient runoff and environmental damage.
  • Increasing Yields With a growing worldwide population, CRFs are seen as a means of improving agricultural efficiency and output. They optimize nutrient use for plants, resulting with higher crop yields.
  • Sustainable Practices The growing focus on sustainable agriculture is completely compatible with CRFs. They reduce the frequency of fertilizer application, which promotes soil health and long-term sustainability.
  • Industrial Improvements Improvements in CRF technology, such as improved materials and release mechanisms, are making them more effective, economical and appealing to farmers.

Key Challenges

  • High Production CostsBecause these fertilizers require advanced technology, they are more expensive to manufacture than traditional alternatives. This can be a challenge for cost-conscious farmers, particularly in developing countries.
  • Limited Awareness and Knowledge Many farmers have not been introduced to the benefits or effective application of controlled release fertilizers. Traditional practices are strongly engrained since they are known and viewed as reduced risk.
  • Regulatory and Environmental Concerns The legislation governing controlled release fertilizers differ by location, making it difficult for manufacturers and distributors to negotiate. There are also worries concerning the environmental impact of some of the materials utilized, such as the possibility for microplastic pollution.
  • Supply Chain and Distribution IssuesControlled release fertilizers necessitate specialized storage and handling. This can be a difficulty in rural places with inadequate infrastructure, causing inconsistent supplies and market expansion.

Key Trends

  • Demand for Sustainable Agricultural Practices The market for controlled release fertilizers (CRFs) is expanding steadily, driven by reasons such as stronger environmental restrictions, the need for higher agricultural output and a growing emphasis on sustainable farming techniques.
  • Changing Preferences Farmers are becoming more aware of the advantages of CRFs, such as reduced nutrient runoff, greater nitrogen usage efficiency and potentially higher crop yields. This is leading to a move away from traditional fertilizers and toward CRFs.
  • Focus on Sustainability There is an increasing emphasis on sustainable agriculture techniques and CRFs ideally fit this purpose. They reduce the frequency of fertilizer application, improve soil health and promote long-term sustainability.

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Global Controlled Release Fertilizers Market Regional Analysis

Here is a more detailed regional analysis of the global Controlled Release Fertilizers Market

North America

  • According to Market Research, North America is expected to dominate the global Controlled Release Fertilizers Market.
  • North America dominates the controlled release fertilizer (CRF) market. A variety of variables contribute to its supremacy. The region’s superior agriculture methods and high adoption rate of precision farming technologies make it an ideal environment for CRFs.
  • Significant investments in research and development drive innovation in fertilizer solutions, resulting in higher efficiency and crop production.
  • North America’s considerable emphasis on sustainable farming and environmental restrictions fuels demand for CRFs. These fertilizers reduce nutrient runoff and environmental impact while fully fitting with the region’s needs.
  • The established presence of significant market players, as well as a well-oiled supply chain, support North America’s dominant position. This provides regular product supply and enables effective farmer education about the benefits of CRFs.

Asia Pacific

  • According to Market Research, Asia Pacific is fastest growing region in global Controlled Release Fertilizers Market.
  • The Asia-Pacific area is quickly becoming the leader in Controlled Release Fertilizers (CRFs). This expansion is driven by an increase in agricultural activity to meet the rising population’s food demands.
  • Governments in powerhouses such as China and India are taking action by launching efforts to improve agricultural productivity and sustainability. This involves promoting innovative farming techniques, with CRFs taking the lead.
  • Farmers are becoming more aware of the benefits of CRFs, including as increased yields and a lower environmental imprint, hastening market expansion. Rapid economic development, urbanization and a thriving agribusiness sector in the region are all driving a high demand for efficient and creative fertilizer solutions, which perfectly match what CRFs offer.

Global Controlled Release Fertilizers MarketSegmentation Analysis

The Global Controlled Release Fertilizers Market is segmented based on Product Type, Application, Crop Type and Geography.

Controlled Release Fertilizers Market, By Product Type

  • Polymer-coated Fertilizers
  • Resin-coated Fertilizers

Based on Product Type, the Global Controlled Release Fertilizers Market is separated into Polymer-coated Fertilizers and Resin-coated Fertilizers. Polymer-coated fertilizers dominate the worldwide Controlled Release Fertilizers Market because of their high efficiency and widespread use. Their supremacy originates from a number of characteristics that improve efficiency and broaden their appeal. These fertilizers use sophisticated polymer coatings to precisely control how nutrients are released. This ensures a precise match to plant requirements, reducing waste and increasing uptake. Their versatility is shown in their capacity to adapt to a variety of crops and soil conditions, making them popular among farmers. Polymer-coated fertilizers provide longer nutrient release times, which leads to less applications and lower labor expenses. Another plus is that they are environmentally friendly. basically, the superior effectiveness, extensive applicability and environmental friendliness of polymer-coated fertilizers strengthen their leadership position in the Controlled Release Fertilizers Market.

Controlled Release Fertilizers Market, By Application

  • Top-dressing
  • Dibbling
  • Incorporation

Based on Application, Global Controlled Release Fertilizers Market is divided into Top-dressing, Dibbling and Incorporation. Top-dressing is the dominating the global Controlled Release Fertilizers Market. This method simply spreads the fertilizer directly onto the soil surface. Top-dressing is popular because it is simple to use; farmers can apply it without the need for complicated equipment. Another significant advantage is that plants have fast access to nutrients. This method is especially effective at increasing crop yields and is appropriate for a wide variety of crops and farming practices. Top-dressing stands out as the clear leader among CRF application methods due to its simplicity and effectiveness.

Controlled Release Fertilizers Market, By Crop Type

  • Non-Agriculture•Turf & Ornamental• Nurseries & Greenhouse
  • Agriculture• Fruits & Vegetables• Cereals & Grains• Oilseeds & Pulses

Based on Crop Type, Global Controlled Release Fertilizers Market is divided into Non-Agriculture and Agriculture. In the global Controlled Release Fertilizers Market, the agriculture segment, particularly cereals and grains are dominating. These crops are vital staples with significant worldwide demand necessitating effective nutrition management. Controlled release fertilizers have become commonplace in cereal and grain production to increase yields, improve nutrient uptake, and promote sustainable farming techniques, making this segment the market leader by crop type.

Global Controlled Release Fertilizers Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the world

Based on the Geography, the Global Controlled Release Fertilizers Market is divided into North America, Europe, Asia Pacific and Rest of the World. North America is currently dominant in the controlled release fertilizer market. This dominance stems from their superior farming practices, broad use of precision technology and stringent environmental restrictions. However, Asia Pacific is the region with the most rapid growth. The rise is being driven by a thriving agricultural industry, a rapidly rising population that need more food and government measures supporting sustainable farming practices. Farmers in this region are also becoming more aware of the advantages of controlled release fertilizers boosting market growth.

Key Players

The Global Controlled Release Fertilizers Market study report will provide valuable insight with an emphasis on the global market. The major players in the market are Nutrien Limited, Yara International ASA, Israel Chemicals Ltd, Haifa Group, Sociedad Quimica Y Minera De Chile SA, Scotts Miracle Gro, Compo GmbH and Co. KG, ATS (Growth Products), JNC Corporation (Chisso), Kingenta International, Agrium, Inc., Agro Bridge, Green Feed, Shikefeng Chemical Industry, SQM, Nufarm, Mosaic, Helena Chemical, Yara International, Koch Industries.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Global Controlled Release Fertilizers Market Recent Developments

  • In June 2023, BASF teamed with Yara Clean Ammonia to build a low-carbon blue ammonia production facility that includes carbon capture. The proposal aims to reach the United States and Gulf Coast region. They intend to construct up a plant with a total capacity of 1.2 to 1.4 million tons per year to suit the expanding world demand.
  • In September 2022, ICL introduced eqo. x., a biodegradable release technology for open field agriculture, to meet the growing demand for low-carbon ammonia. This novel controlled-release urea solution with a covering can help farmers improve crop performance while minimizing environmental effect. Examples include minimizing nutrition loss and maximizing nutrient utilization efficiency (NUE). This is up to 80%. The primary purpose is to reduce the use of nitrogen and provide constant and predictable nutrient release.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2020-2031

Base Year

2023

Forecast Period

2024-2031

Historical Period

2020-2022

Unit

Value (USD Billion)

Key Companies Profiled

Nutrien Limited, Yara International ASA, Israel Chemicals Ltd, Haifa Group, Sociedad Quimica Y Minera De Chile SA, Compo GmbH and Co. KG, ATS (Growth Products), JNC Corporation (Chisso), Kingenta International, Agro Bridge

Segments Covered

By Product Type, By Application, By Crop Type and By Geography.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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