“The controlled-release fertilizers market is projected to grow at a CAGR of 6.3%, in terms of value.”
The controlled-release fertilizers market is estimated at USD 2.4 billion in 2020, growing at a CAGR of 6.3% from 2020 to reach USD 3.2 billion by 2025. This market has been gaining prominence among farmers to improve the agricultural yield and curb excessive nutrient application. Factors such as growing demand for high-efficiency fertilizers and increasing awareness about the environmental concerns associated with excessive fertilizer use across the world are projected to drive the controlled-release fertilizers market. However, factors such as the high cost of polymer coatings for coated & encapsulated fertilizers and the low adoption rate of technology in developing markets affect the growth of the controlled-release fertilizers market.
“The non-agriculture segment in controlled-release fertilizers market is estimated to account for the largest share in 2020.”
The growing usage of controlled-release fertilizers for non-agricultural segments, such as turf & ornamentals, is driving the market. For more than a decade, CRF has been used for turf & ornamental grass in the US; however, its demand is increasing recently in developing countries. Thus, the easy application of controlled-release fertilizers on ornamental crops is a major factor driving its market.
“The N-stabilizers segment in controlled-release fertilizers market is estimated to account for the largest market share in 2020.”
The controlled-release fertilizers market is broadly segmented into slow-release, coated & encapsulated, and N-stabilizers. In terms of volume, the N-stabilizers segment is estimated to account for the largest market share during the forecast period. The segment is estimated to be the largest market, owing to the vast adoption of these fertilizers across the globe for agricultural crops, and their viable purchasing price. Asia Pacific accounted for the largest share of the N-stabilizers fertilizers market in 2020, owing to the extensive use of nitrification inhibitors and Urease Inhibitors for non-agricultural usage in developed countries. In terms of volume, the coated & encapsulated segment is also projected to be the fastest-growing segment, during the forecast period.
“Fertigation segment, by application method, led the market in 2016.”
On the basis of application method, the fertigation segment dominated the market in 2019, in terms of value and volume, due to the rising area under irrigation across the globe and benefits associated with fertigation such as uniform application, reduced labor, and higher application rate for larger fields, which are also projected to drive the fertigation method of application.
“Asia Pacific is projected to grow at the highest rate during the forecast period.”
Asia Pacific is projected to be the fastest-growing region in the controlled-release fertilizers market between 2020 and 2025. The region has been experiencing significant demand for controlled-release fertilizers due to the need to undertake efforts to minimize the environmental concerns associated with nutrient losses. There has been an increase in the consumption of coated fertilizers in countries such as Japan and China, while the consumption of stabilizers has been increasing in the developing countries of the region. These have been subsequently driving the growth of the controlled-release fertilizers market.
The controlled-release fertilizers market is segmented region-wise, with a detailed analysis of each region by studying the key markets. These regions include North America, Europe, Asia Pacific, South America, and the Rest of the World (RoW).
Break-up of Primaries:
- By Company Type: Tier 1 - 45 %, Tier 2 - 33%, and Tier 3 - 22%
- By Designation: Director-level -45%, C-level - 33%, and Others* - 22%
- By Region: North America - 24%, Europe - 29%, Asia Pacific - 35%, and Rest of the World** - 12%
*Others include sales managers, marketing managers, and product managers.
**RoW includes South America and the Middle East & Africa.
Leading Players Profiled in this Report:
This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies in the controlled-release fertilizers market. It includes the profiles of leading companies such as Nutrien Ltd. (Canada), Yara International ASA (Norway), ICL (Israel), ScottsMiracle-Gro (US), Koch Industries (US), Helena Chemical (US), Kingenta (China), SQM (Chile), Haifa Chemicals (Israel), JCAM AGRI. (Japan), COMPO EXPERT (Germany), Nufarm Ltd. (Australia), The Andersons Inc. (US), Van Iperen International (Netherlands), Mosaic Company (US), OCI Nitrogen (Netherlands), AgroLiquid (US), DeltaChem (Germany), SK Specialties (Malaysia), and Pursell Agri-Tech (US).
The report segments the controlled-release fertilizers market based on type, end-use, mode of application, and region. In terms of insights, this report has focused on various levels of analyses competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the global controlled-release fertilizers high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
Reasons To buy this report:
- To get a comprehensive overview of the controlled-release fertilizers market
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