Controlled Release Fertilizers Market
PUBLISHED: 2023 ID: SMRC22569
SHARE
SHARE

Controlled Release Fertilizers Market

Controlled Release Fertilizers Market Forecasts to 2028 - Global Analysis By Type (Nitrogen stabilizers, Coated and encapsulated, Slow Release Fertilizers and Other Types), Mode of Application (Fertigation, Foliar, Soil and Other Mode of Applications) , End User and By Geography

4.9 (15 reviews)
4.9 (15 reviews)
Published: 2023 ID: SMRC22569

This report covers the impact of COVID-19 on this global market
Loading...

Years Covered

2020-2028

Estimated Year Value (2022)

US $2.8 BN

Projected Year Value (2028)

US $4.7 BN

CAGR (2022 - 2028)

9.1%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America


According to Stratistics MRC, the Global Controlled Release Fertilizers Market is accounted for $2.8 billion in 2022 and is expected to reach $4.7 billion by 2028 growing at a CAGR of 9.1% during the forecast period. Controlled release fertilisers (CRF) are fertilisers that release nutrients in a regulated manner in order to match the nutrient requirement absorption of a crop. These fertilisers have the potential to improve crop quality and output, enhance the efficacy of fertiliser use, and reduce potential environmental losses. Controlled release fertilisers hold great promise for raising crop quality and production, increasing nutrient availability, and lowering application costs and environmental pollution.

According to the International Fertilizer Association (IFA), the global demand for urea is expected to increase by 1.6% per annum, to reach 188 million metric tons by 2022, while the supply (effective capacity) may reach 197 million metric tons.



Market Dynamics:

Driver:

Mounting Concerns Regarding Environmental Safety

Controlled release fertilizers are designed to release nutrients to plants over an extended period. There is growing awareness of the harmful consequences of agrochemicals on plant physiology, soil quality, animals, and people. The widespread use of these synthetic materials also has an impact on the environment. Therefore, farmers are increasingly adopting controlled release fertilizers as an alternative to fertilizers which is driving the growth of the market.

Restraint:

Lack of awareness

Farmers in developing countries still only have a vague awareness of the advantages of specialised fertilisers. Farmers are unaware of the advantages speciality fertilisers offer in terms of cost effectiveness or how to utilise them appropriately. Also, there is little brand awareness due to the market's extreme regional fragmentation. Hence, this is the factor restraining the growth of the market.

Opportunity:

Increasing Population

The world's expanding population and farmers' increasing use of cutting-edge farming technologies and methods are anticipated to fuel the rise. When growing turf grass, nitrogen must be utilised to its full potential. Upcoming technologies, such as inverse suspension polymerization, which are currently mostly in the research stage, will evolve swiftly and will soon be implemented commercially by enterprises. Thus, these factors are enhancing the growth of the market.

Threat:

High cost

The cost of creating controlled-release fertilisers is much higher than that of ordinary soil-applied fertilisers because more intricate production procedures are required. This is due to the fact that controlled-release fertilisers require more time for their nutrients to be released into the soil. Nevertheless, the initial investment required by the farmer is too expensive is the aspect hampering the market expansion.

Covid-19 Impact

Human activities, notably the failure of farmers to apply fertiliser at the right time, have contributed to the COVID-19 pandemic's impact on soil fertility. In order to increase the efficiency of agricultural input utilisation, particularly the use of fertiliser, through the adoption of innovations like sensor and satellite technology, it is imperative to implement the necessity of further improving current programmes. The technique of applying fertiliser to replace the amount of nutrients that are taken from the soil as a result of crop harvesting is known as sustainable nutrient management. The shutdown and closing of borders prohibit the importation of fertilisers.

The soil segment is expected to be the largest during the forecast period

The soil segment is estimated to have a lucrative growth, due to surge in the demand for food products have led to increase in the demand for crop production in agricultural industry. Crop growth and productivity will be enhanced by a soil fertilizer—natural or synthetic—containing chemical components. Fertilizers may restore chemical elements that previous crops removed from the soil or increase the land's inherent fertility. Therefore, these are the factors improving the growth of the market.

The non-agricultural segment is expected to have the highest CAGR during the forecast period

The non-agricultural segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the usage of biodiesel. Crops that are grown for the production of biogas and alternative fuels are the most common non-agricultural end uses. A liquid fuel made from renewable resources is called biodiesel. Also, government investments and policies aimed at building biofuel and biogas production facilities have increased the necessity of raw materials, which will propel market expansion.

Region with Largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the high level of technological advancements. Excellent results on rice crops achieved by controlled-release fertilizers are anticipated to be another factor driving the growth. Increasing government support and consumer awareness regarding the use of fertilizers to increase yield are the factors propelling the growth of the region.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to the mature agricultural sector. Population expansion, urbanisation, and increased consumer demand for more agricultural production all contribute to the region's market expansion. Controlled fertiliser is in higher demand as consumers shift more and more towards organic food items. Improvements in farming practises, increased R&D spending, and technological improvements all contribute to rapid market expansion.



Key players in the market

Some of the key players profiled in the Controlled Release Fertilizers Market include The Mosaic Company, Florikan, Compo Expert GMbh, Haifa Group Ltd, Ekompany International BV, ICL Speciality Fertilizers, Mivena BV, Kingenta Ecological Engineering Group Co., Ltd., Nutrien Ltd., Sociedad Quimica y Minera de Chile SA, Yara International ASA, Nufram Lts, ScottsMiracle-Gro, Koch Industries, Helena chemical company and JNC Corporation.

Key Developments:

In May 2022, ICL signed Framework agreements with customers in India and china to supply 600,000 and 700,000 metric tons of potash, respectively in 2022 at 590 USD per ton.

In February 2022, ICL's introduced lawn care fertilizers containing either urea coated with sulfur and a biodegradable polymer membrane (Poly-S) or resin-coated nitrogen combined with phosphorus and potash (PACE). This avoids uncontrolled shock growth, which means less mowing effort.

Types Covered:
• Nitrogen stabilizers
• Coated and encapsulated
• Slow Release Fertilizers
• Other Types

Mode of Applications Covered:
• Fertigation
• Foliar
• Soil
• Other Mode of Applications

End Users Covered:
• Agricultural
• Non-agricultural
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Controlled Release Fertilizers Market, By Type
5.1 Introduction
5.2 Nitrogen stabilizers
5.2.1 Nitrification Inhibitors
5.2.2 Urease Inhibitors
5.3 Coated and encapsulated
5.3.1 Polymer Coated
5.3.2 Sulfur Polymer Coated
5.3.3 Sulfur Coated
5.4 Slow Release Fertilizers
5.4.1 Urea Isobytyraldehyde
5.4.2. Urea Acetaldehyde
5.4.3 Urea Formaldehyde
5.5 Other Types

6 Global Controlled Release Fertilizers Market, By Mode of Application
6.1 Introduction
6.2 Fertigation
6.3 Foliar
6.4 Soil
6.5 Other Mode of Applications

7 Global Controlled Release Fertilizers Market, By End User
7.1 Introduction
7.2 Agricultural
7.2.1 Oilseed
7.2.2 Pulses
7.2.3 Cereals
7.2.4 Grains
7.2.5 Plantation crops
7.2.6 Vegetables
7.2.7 Fruits
7.3 Non-agricultural
7.3.1 Nurseries and greenhouses
7.3.2 Turfs and ornamentals
7.4 Other End Users

8 Global Controlled Release Fertilizers Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa

9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies

10 Company Profiling
10.1 The Mosaic Company
10.2 Florikan
10.3 Compo Expert GMbh
10.4 Haifa Group Ltd
10.5 Ekompany International BV
10.6 ICL Speciality Fertilizers
10.7 Mivena BV
10.8 Kingenta Ecological Engineering Group Co., Ltd.
10.9 Nutrien Ltd.
10.10 Sociedad Quimica y Minera de Chile SA
10.11 Yara International ASA
10.12 Nufram Lts
10.13 ScottsMiracle-Gro
10.14 Koch Industries
10.15 Helena chemical company
10.16 JNC Corporation

List of Tables
1 Global Controlled Release Fertilizers Market Outlook, By Region (2020-2028) ($MN)
2 Global Controlled Release Fertilizers Market Outlook, By Type (2020-2028) ($MN)
3 Global Controlled Release Fertilizers Market Outlook, By Nitrogen stabilizers (2020-2028) ($MN)
4 Global Controlled Release Fertilizers Market Outlook, By Nitrification Inhibitors (2020-2028) ($MN)
5 Global Controlled Release Fertilizers Market Outlook, By Urease Inhibitors (2020-2028) ($MN)
6 Global Controlled Release Fertilizers Market Outlook, By Coated and encapsulated (2020-2028) ($MN)
7 Global Controlled Release Fertilizers Market Outlook, By Polymer Coated (2020-2028) ($MN)
8 Global Controlled Release Fertilizers Market Outlook, By Sulfur Polymer Coated (2020-2028) ($MN)
9 Global Controlled Release Fertilizers Market Outlook, By Sulfur Coated (2020-2028) ($MN)
10 Global Controlled Release Fertilizers Market Outlook, By Slow Release Fertilizers (2020-2028) ($MN)
11 Global Controlled Release Fertilizers Market Outlook, By Urea Isobytyraldehyde (2020-2028) ($MN)
12 Global Controlled Release Fertilizers Market Outlook, By Urea Acetaldehyde (2020-2028) ($MN)
13 Global Controlled Release Fertilizers Market Outlook, By Urea Formaldehyde (2020-2028) ($MN)
14 Global Controlled Release Fertilizers Market Outlook, By Other Types (2020-2028) ($MN)
15 Global Controlled Release Fertilizers Market Outlook, By Mode of Application (2020-2028) ($MN)
16 Global Controlled Release Fertilizers Market Outlook, By Fertigation (2020-2028) ($MN)
17 Global Controlled Release Fertilizers Market Outlook, By Foliar (2020-2028) ($MN)
18 Global Controlled Release Fertilizers Market Outlook, By Soil (2020-2028) ($MN)
19 Global Controlled Release Fertilizers Market Outlook, By Other Mode of Applications (2020-2028) ($MN)
20 Global Controlled Release Fertilizers Market Outlook, By End User (2020-2028) ($MN)
21 Global Controlled Release Fertilizers Market Outlook, By Agricultural (2020-2028) ($MN)
22 Global Controlled Release Fertilizers Market Outlook, By Oilseed (2020-2028) ($MN)
23 Global Controlled Release Fertilizers Market Outlook, By Pulses (2020-2028) ($MN)
24 Global Controlled Release Fertilizers Market Outlook, By Cereals (2020-2028) ($MN)
25 Global Controlled Release Fertilizers Market Outlook, By Grains (2020-2028) ($MN)
26 Global Controlled Release Fertilizers Market Outlook, By Plantation crops (2020-2028) ($MN)
27 Global Controlled Release Fertilizers Market Outlook, By Vegetables (2020-2028) ($MN)
28 Global Controlled Release Fertilizers Market Outlook, By Fruits (2020-2028) ($MN)
29 Global Controlled Release Fertilizers Market Outlook, By Non-agricultural (2020-2028) ($MN)
30 Global Controlled Release Fertilizers Market Outlook, By Nurseries and greenhouses (2020-2028) ($MN)
31 Global Controlled Release Fertilizers Market Outlook, By Turfs and ornamentals (2020-2028) ($MN)
32 Global Controlled Release Fertilizers Market Outlook, By Other End Users (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
 

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials