Global Controlled Release Fertilizers Market 2024

Global Controlled Release Fertilizers Market 2024

Controlled Release Fertilizers (CRF) utilize polymer coatings to extend nutrient release durations, decrease fertilizer leaching in soil, and reduce application rates. Field crops, pivotal in global food production, dominate agricultural landscapes worldwide. This sector constitutes the largest share of land use in numerous agricultural nations. The global market for controlled-release fertilizers exhibits steady volume growth, albeit with fluctuations in market value attributed to varying fertilizer prices. Pricing dynamics for CRFs largely hinge on coating technology employed by manufacturers.

The global controlled release fertilizers market is anticipated to increase by USD 1.6 billion till 2030 at an average annual growth of 5.4 percent as per the latest market estimates. Forecasts indicate continued expansion in the controlled-release fertilizer market due to heightened efficiency and reduced nutrient losses, thereby mitigating environmental pollution. Increasing farmer awareness and enhanced product accessibility are additional market drivers. Nitrogenous CRFs, exemplified by polymer-sulfur-coated urea formulations, offer improved nitrogen uptake in plants. Sulfur additives in these fertilizers prevent nitrogen accumulation as nitrate, curbing nitrate nitrogen leaching.

Challenges such as higher CRF prices, limited product penetration, and regulatory constraints may modestly impede market growth. However, the polymer-sulfur-coated fertilizer segment is projected for growth owing to its superior efficacy, enhanced crop productivity, and growing environmental consciousness.

This comprehensive industry report provides market estimates and forecasts, accompanied by a detailed examination of the coating type, crop type, and region aspects. It delivers a quantitative analysis of the market, empowering stakeholders to leverage existing market opportunities. Furthermore, the report identifies key segments for potential opportunities and strategies, drawing insights from market trends and the approaches of leading competitors.

The global controlled release fertilizers market has been extensively analyzed by categorizing it according to various sub-segments in order to provide accurate forecasts of industry size and assess trends within specific areas.

The global market for controlled release fertilizers can be segmented by coating type: polymer coated, polymer-sulfur coated, others. The polymer coated segment captured the largest share of the market in 2023, representing more than 62.7% of the total market.

Controlled release fertilizers market is further segmented by crop type: field crops, horticultural crops, turf & ornamentals, others. The field crops segment held the largest share of the global controlled release fertilizers market in 2023, representing more than 81.1% of the total market.

Based on region, the controlled release fertilizers market is segmented into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. North America held the highest share in the global controlled release fertilizers market. However, Asia-Pacific is forecast to register the highest CAGR during the forecast period 2024 - 2030.

The report also provides a detailed analysis of several leading controlled release fertilizers market vendors that include Anhui Moith New Fertilizers Co., Ltd., China BlueChemical Limited, COMPO EXPERT GmbH, Greenfeed Agro Sdn. Bhd., Haifa Group, ICL Group Ltd., JCAM AGRI. Co., Ltd. (Chisso Corporation), Koch Industries, Inc., Mivena Holding B.V., Nutrien Limited, Plant Safe (M) Sdn. Bhd., Shandong Kingenta Ecological Engineering Co., Ltd. (Ekompany International B.V.), SK Specialties Sdn. Bhd., Sociedad Química y Minera de Chile S.A. (SQM), Yara International ASA, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

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Market Segments Covered in Global Controlled Release Fertilizers Industry Analysis:

i.) Coating type

• Polymer coated
• Polymer-sulfur coated
• Others

ii.) Crop type

• Field crops
• Horticultural crops
• Turf & ornamentals
• Others

iii.) Region

• North America
• Europe
• Asia-Pacific
• MEA (Middle East and Africa)
• Latin America