Controlled Release Fertilizer Market: Global Industry Analysis and Forecast (2024-2030)

Controlled Release Fertilizer Market Overview:

3.473.47Fertilisers that release nutrients gradually into the soil (i.e., controlled release fertilisers) are controlled-release fertilisers. Fertilizers that release controlled amounts of fertilizer may also be known as controlled-release fertilizers, delayed-release fertilizers, metered-release fertilizers, or slow-acting fertilizers. In controlled-release fertilizers, methylene diurea (MDU) is the main ingredient. Though market forecasting through 2029 is based on real output, demand and supply of 2022, 2022 numbers are also estimated on real numbers published by key players as well all-important players across the world. Market forecasting till 2029 is done based on past data from 2017 to 2021 with the impact of global lock down on the controlled release fertilizer market in 2020 and 2022.

 

COVID-19 Influences on the Controlled Release Fertilizer Market:

Fertilizer application to crops is influenced by soil type, soil fertility levels within soil types, available nutrients ratios, crop type, and meteorological conditions. The influence of the COVID-19 pandemic on controlled release fertilizer market is due to human activity, such as farmers' failure to apply fertilizer on time. In the wake of the COVID-19 pandemic, there is a pressing need to innovative growth measures to improve agricultural input use efficiency, particularly fertilizer, by implementing innovations such as sensor and satellite technologies. The influence of mineral fertilizer omissions on soil and production function is a critical issue of agriculture to address during the COVID-19 pandemic. Nitrogen (N) and phosphorus (P), two vital plant nutrients, must be thoroughly analyzed. Sustainable nutrient management refers to the application of fertilizer to replace the nutrients lost during crop harvest. Fertilizer importation is prohibited by the closure of borders and shutdown.

 

Nitrogen (N), phosphorus (P), and potassium (K) are the three basic necessary elements that plants require in large amounts for growth and productivity (K). China is the world's largest exporter of P fertilizers (5.32 Mt) and the world's second-largest exporter of N fertilizers (5.56 Mt). Crop maturity and productivity are determined by the availability of nutrients in the soil for the crop or plant to absorb. Continuous cropping and harvesting results in nutrient mining because the plant draws nutrients from the earth. By applying the right amount of fertilizers at the right time, soil fertility and crops can be improved. Most African countries import fertilizers from developed countries, particularly China. Due to the COVID-19 widespread and the control measures implemented, fertilizers would not be exported in large quantities. In Africa, inadequate production and importation of fertilizers caused unsatisfactory yields due to logistic constraints.

 

 

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Controlled Release Fertilizer Market Dynamics:

One of the major challenges for farmers all over the world is nutrient loss to the environment. In comparison to non-intensive applications like grazing, heavily fertilized crops like maize tend to suffer substantial losses. Significant nutrient losses are also caused by agricultural usage combined with inadequate land management techniques that lead to erosion. Nutrient losses can happen in a variety of ways, and they can have a big influence on the environment.

 

Eutrophication on the surfaces of water bodies is caused by nutrient losses into the water, destroying the aquatic environment. This concern about fertilizers and nutrients used on soil has grown in recent years, prompting fertiliser industries and associations around the world to promote Fertilizer Best Management Practices, under which enhanced efficiency fertilizers (EEF) are developed and farmers are encouraged to use them. These practices pertain to the proper application of fertilizers in the correct quantity, at the correct time, and in the correct location. As a result, they are helping in the controlled release fertilizer market growth.

 

The Asia Pacific region is the world's greatest fertiliser consumer. The region's growing population has resulted in a jump in demand for food, which is expected to increase fertiliser usage. However, pollution and soil contamination, as well as their detrimental impacts on persons and the ecosystem, are serious concerns in this region. To offset these negative consequences, governments in this region are emphasizing the use of soil-friendly fertilizers.

 

Farmers' landholdings are substantially lower in the Asia Pacific region, which is made up of emerging countries. Population growth, shrinking agricultural land due to industrialization and urbanization, low farm yields, environmental and soil degradation, and inadequate infrastructure are all factors encouraging farmers to produce more in a limited land area, which is expected to drive up demand for specialty fertilizers.

 

The lack of availability of Urea as an alternative due to the higher cost of Controlled Release Fertilizers and poor awareness on its benefits in rural areas hinders the growth of the controlled release fertilizer market.

 

Controlled Release Fertilizer Market Segment Analysis:

The Controlled Release Fertilizer Market is segmented by Type, End-Use, and Mode of Application.

 

Based on the Type, the market is segmented into Slow Release, Nitrogen Stabilizers, and Coated and Encapsulated. Coated and Encapsulated segment is expected to hold the largest market shares of xx% by 2029. Globally, these fertilizers have been increasingly adopted due to the growing awareness of the benefits associated with coated fertilizers and the growing support from governments in terms of subsidies and policy changes. Government policies and regulations such as these contribute to the growth of the market on a global scale. These are the factors that are expected to drives the growth of the Coated and Encapsulated segment in the Controlled Release Fertilizer market during the forecast period 2024-2030.

 

Based on the End-Use, the controlled release fertilizer market is segmented into Agricultural, and Non-Agricultural. Non-Agricultural segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2024-2030. Increased demand for CRFs in non-agricultural sectors has resulted from increased purchasing power and rising environmental concerns. However, as a result of government regulations governing controlled-release fertilisers, their use on agricultural crops in developing countries has increased dramatically. The industry is being driven by an increase in the use of controlled-release fertilisers for turf and ornamental grass. CRF has been utilised for turf and ornamental grass in the United States for more than a decade; however, demand in poorer countries has recently increased. As a result, one of the key factors driving its market is the ease with which controlled-release fertilisers may be applied to decorative crops.

 

 

Controlled Release Fertilizer Market Regional Insights:

Asia Pacific region is expected to dominate the controlled release fertilizer market during the forecast period 2024-2030. Asia Pacific region is expected to hold the largest market shares of xx% by 2029. In terms of consumption, East Asia is one of the most profitable regions for controlled release fertiliser. China is at the forefront of demand, with the region's substantial agricultural production accounting for the majority of controlled release fertiliser demand. Besides, China is the world leader in the production of fruits, vegetables, and food grains, owing to its use of high-grade fertilisers to boost crop output and improve crop performance, accounting for a significant portion of the global controlled release fertiliser market.

 

Besides, China's use of controlled release fertilizers has increased significantly over the last decade, and is expected to grow at a CAGR of around 10% throughout the forecast period. Over the last half-decade, the advantages of controlled release fertilizers over conventional fertilizers, such as the slow release of nutrients into the soil, have gained significant popularity.

 

North America region is expected to grow rapidly at a CAGR of xx% during the forecast period 2024-2030. In terms of revenue, the United States accounts for more than a quarter of the global controlled release fertilizer market. This region was chosen because of its constant improvement in fertiliser quality and possible market opportunities.

 

Golf courses, turf gardens, and lawns are among the non-agricultural applications that are driving demand in the country. According to the National Golf Foundation, golf courses cover over 2 million acres in the United States. This opens up a lot of possibilities for continuous nutrient supply using controlled release fertilisers.

 

Competitive Landscape of Global Controlled Release Fertilizer Market:

Yara International ASA Company is expected to dominate the Controlled Release Fertilizer Market during the forecast period 2023-2029.

 

Yara International ASA is expected to hold the largest controlled release fertilizer market share of xx% by 2029. Yara International ASA is a leading chemical company in Norway. This company's most important business is the production of nitrogen fertilizer, though it also produces nitrates, ammonia, urea and other nitrogen-based chemicals. The company YARA International ASA is a global leader in agricultural products and environmental protection.

 

The objective of the report is to present a comprehensive analysis of the Controlled Release Fertilizer Market to the stakeholders in the industry. The report provides trends that are most dominant in the Controlled Release Fertilizer Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the Controlled Release Fertilizer Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Controlled Release Fertilizer Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the global market.

 

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Market. The report also analyses if the Controlled Release Fertilizer Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Controlled Release Fertilizer Market is aided by legal factors.

 

Controlled Release Fertilizer Market Scope:

Controlled Release Fertilizer Market
Market Size in 2023	USD 2.64 Bn.
Market Size in 2030	USD 4.10 Bn.
CAGR (2024-2030)	6.5 Percent
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	by Type            Slow Release Nitrogen Stabilizers Coated and Encapsulated
	by End-Use Agricultural Non-Agricultural
	by Mode of Application Foliar Fertigation Soil Other modes of application
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Controlled Release Fertilizer Market Key Players

• AgroBridge (m) Sdn. Bhd.
• ATS (Growth Products)
• Compo GmbH & Co. KG
• Ekompany International B.V
• Eurochem Agro Gmbh
• Greenfeed Agro Sdn Bhd
• Haifa Group
• Hanfeng Evergreen Inc.
• Harrell's LLC
• HIF Tech Sdn Bhd
• Israel Chemicals Ltd
• JNC Corporation (Chisso)
• Kingenta International
• Nufarm Ltd.
• Nutrien
• The Scotts Miracle-Gro Company
• Smart Fert Sdn Bhd
• Sociedad Quimica Y Minera De Chile SA
• Yara International ASA
• The Mosaic Company