Controlled Release Fertilizers
Controlled-release Fertilizers Market Forecasts to 2030 - Global Analysis By Type (Coated and encapsulated, Slow Release, Nitrogen Stabilizers and Other Types), Mode of Application, End User, and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $2.7 BN |
|
Projected Year Value (2030) |
US $4.8 BN |
|
CAGR (2023 - 2030) |
8.6% |
|
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 $2.7 billion in 2023 and is expected to reach $4.8 billion by 2030 growing at a CAGR of 8.6% during the forecast period. Controlled-release fertilizers (CRF) are advanced agricultural products designed to provide a gradual and sustained release of essential nutrients to plants over an extended period of time. These fertilizers utilize specialized coatings, encapsulation technologies, or chemical formulations to regulate the release of nutrients such as nitrogen, phosphorus, and potassium. Unlike conventional fertilizers that release nutrients rapidly, CRF ensures a controlled and timed delivery, aligning with the specific nutritional needs of crops throughout their growth stages and addressing concerns related to nutrient loss and environmental pollution.
According to MDPI Research Report 2021, controlled-release fertilizers are employed in precision agriculture to optimize technology-enabled farming without environmental deterioration.
Market Dynamics:
Driver:
Government regulations
Regulatory bodies worldwide are increasingly imposing stringent guidelines on traditional fertilizer use to address environmental concerns related to soil and water quality. These regulatory measures not only support environmental conservation but also contribute to the overall efficiency and productivity of agricultural systems. Moreover, in some cases, subsidies or tax incentives are provided to farmers adopting CRF to encourage the transition from conventional fertilizers, which is driving this market expansion.
Restraint:
High initial costs
The high initial costs of controlled-release fertilizers have limited their widespread adoption in the agricultural sector. Farmers, especially those with limited financial resources, may find it challenging to invest in these fertilizers, considering the higher upfront expenses. Moreover, farmers may hesitate to invest in these fertilizers if they are unsure about their compatibility with their specific agricultural system, which further hinders this market size.
Opportunity:
Awareness and education
As agricultural practices evolve, there is an increasing emphasis on educating farmers about sustainable and efficient nutrient management. Farmers are educated about the controlled and gradual release mechanism of CRF, which aligns nutrient delivery with the specific needs of crops throughout their growth stages. Moreover, agricultural extension services provided by governmental and non-governmental organizations contribute to knowledge dissemination, which is gradually boosting this market size.
Threat:
Limited crop compatibility
The varying nutrient demands of different crops pose a challenge to the widespread adoption of controlled-release fertilizers. Factors such as soil pH, texture, and organic matter content can influence the release and availability of nutrients from these fertilizers. Additionally, controlled-release fertilizers may not be suitable for all soil types and conditions. This limited crop compatibility restricts the market's growth, as farmers may be hesitant to invest in fertilizers that may not meet the specific needs of their crops.
Covid-19 Impact
The COVID-19 pandemic has presented several negative impacts on the controlled-release fertilizer (CRF) market. Disruptions in global supply chains, restrictions on movement, and labor shortages have affected the production and distribution of CRFs. Furthermore, the closure of agricultural input retail outlets during lockdowns has disrupted the accessibility of CRFs to farmers. Delays in research and development activities due to lockdowns also impeded this market growth.
The nitrogen stabilizers segment is expected to be the largest during the forecast period
The nitrogen stabilizers segment is estimated to hold the largest share due to its pivotal role in enhancing agricultural efficiency and sustainability. These stabilizers, often in the form of inhibitors or coatings, help mitigate nitrogen losses through leaching and volatilization. Additionally, by providing a controlled and sustained release of nitrogen to crops, they optimize nutrient uptake, reduce environmental impact, and improve overall fertilizer efficiency, which significantly propels this segment’s expansion.
The fertigation segment is expected to have the highest CAGR during the forecast period
The fertigation segment is anticipated to have highest CAGR during the forecast period due to a cutting-edge and efficient method of nutrient application in agriculture. Fertigation combines fertilization with irrigation, allowing for the precise and controlled delivery of fertilizers directly to the plant's root zone through irrigation systems. Furthermore, it not only maximizes the efficiency of nutrient utilization but also conserves water resources by minimizing runoff and leaching, thereby boosting this segment’s growth.
Region with largest share:
Asia Pacific commanded the largest market share during the extrapolated period owing to the unique agricultural landscape in the region, characterized by diverse crops, soil types, and climate conditions, which has fueled the need for tailored nutrient management solutions. Further, government initiatives and policies promoting sustainable agriculture, coupled with the need to address food security challenges, are further propelling the growth of the CRF market in the Asia-Pacific region.
Region with highest CAGR:
North America is expected to witness highest CAGR over the projection period, owing to robust growth and evolving as a key component of modern agricultural practices. Farmers in North America are increasingly recognizing the benefits of controlled-release fertilizers for optimizing nutrient management. Moreover, these fertilizers provide a gradual and regulated release of nutrients, addressing concerns related to nutrient runoff, leaching, and greenhouse gas emissions, which are significantly driving this region's expansion.
Key players in the market
Some of the key players in the Controlled-release Fertilizers Market include ICL, Yara, Nufarm, Nutrien Ltd., SK Specialties, Kingenta, Pursell Agri-Tech, LLC, Helena Chemicals, ScottsMiracle-Gro, SQM, Haifa Negev Technologies Ltd, OCI Nitrogen, Koch Industries Inc., Van Iperen International and AgroLiquid
Key Developments:
In December 2023, OCI Global announced that it has reached an agreement for the sale of 100% of its indirect interest in its large-scale US greenfield nitrogen fertilizer facility Iowa Fertilizer Company LLC, to Koch Ag & Energy Solutions.
In August 2023, Sun Capital Partners, Inc. announced its affiliate has reached a definitive agreement with various subsidiaries of Koch Engineered Solutions, LLC, a subsidiary of Koch Industries, Inc., to acquire Koch Separation Solutions.
Types Covered:
• Coated and Encapsulated
• Slow Release
• Nitrogen Stabilizers
• Other Types
Applications Covered:
• Fertigation
• Soil
• Foliar
• Other Applications
End Users Covered:
• Non-Agriculture
• Agriculture
• 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 2021, 2022, 2023, 2026, and 2030
- 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
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 Coated and Encapsulated
5.2.1 Polymer-Coated
5.2.2 Sulfur Polymer-Coated
5.2.3 Sulfur-Coated
5.2.4 Other Coated & Encapsulated Fertilizers
5.3 Slow Release
5.3.1 Urea Isobutyraldehyde
5.3.2 Urea Acetaldehyde
5.3.3 Urea-Formaldehyde
5.3.4 Other Slow-Release Fertilizers
5.4 Nitrogen Stabilizers
5.4.1 Urease Inhibitors
5.4.2 Nitrification Inhibitors
5.5 Other Types
6 Global Controlled-release Fertilizers Market, By Application
6.1 Introduction
6.2 Fertigation
6.3 Soil
6.4 Foliar
6.5 Other Applications
7 Global Controlled-release Fertilizers Market, By End User
7.1 Introduction
7.2 Non-Agriculture
7.2.1 Nurseries & Greenhouses
7.2.2 Turf & Ornamentals
7.2.3 Other Non-Agricultural Crops
7.3 Agriculture
7.3.1 Oilseeds & Pulses
7.3.2 Vegetables
7.3.3 Cereals & Grains
7.3.4 Fruits
7.3.5 Plantation Crops
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 ICL
10.2 Yara
10.3 Nufarm
10.4 Nutrien Ltd.
10.5 SK Specialties
10.6 Kingenta
10.7 Pursell Agri-Tech, LLC
10.8 Helena Chemicals
10.9 ScottsMiracle-Gro
10.10 SQM
10.11 Haifa Negev Technologies Ltd
10.12 OCI Nitrogen
10.13 Koch Industries, Inc.
10.14 Van Iperen International
10.15 AgroLiquid
List of Tables
1 Global Controlled-release Fertilizers Market Outlook, By Region (2021-2030) ($MN)
2 Global Controlled-release Fertilizers Market Outlook, By Type (2021-2030) ($MN)
3 Global Controlled-release Fertilizers Market Outlook, By Coated and Encapsulated (2021-2030) ($MN)
4 Global Controlled-release Fertilizers Market Outlook, By Polymer-Coated (2021-2030) ($MN)
5 Global Controlled-release Fertilizers Market Outlook, By Sulfur Polymer-Coated (2021-2030) ($MN)
6 Global Controlled-release Fertilizers Market Outlook, By Sulfur-Coated (2021-2030) ($MN)
7 Global Controlled-release Fertilizers Market Outlook, By Other Coated & Encapsulated Fertilizers (2021-2030) ($MN)
8 Global Controlled-release Fertilizers Market Outlook, By Slow Release (2021-2030) ($MN)
9 Global Controlled-release Fertilizers Market Outlook, By Urea Isobutyraldehyde (2021-2030) ($MN)
10 Global Controlled-release Fertilizers Market Outlook, By Urea Acetaldehyde (2021-2030) ($MN)
8 Global Controlled-release Fertilizers Market Outlook, By Urea-Formaldehyde (2021-2030) ($MN)
9 Global Controlled-release Fertilizers Market Outlook, By Other Slow-Release Fertilizers (2021-2030) ($MN)
10 Global Controlled-release Fertilizers Market Outlook, By Nitrogen Stabilizers (2021-2030) ($MN)
14 Global Controlled-release Fertilizers Market Outlook, By Urease Inhibitors (2021-2030) ($MN)
15 Global Controlled-release Fertilizers Market Outlook, By Nitrification Inhibitors (2021-2030) ($MN)
16 Global Controlled-release Fertilizers Market Outlook, By Other Types (2021-2030) ($MN)
17 Global Controlled-release Fertilizers Market Outlook, By Application (2021-2030) ($MN)
18 Global Controlled-release Fertilizers Market Outlook, By Fertigation (2021-2030) ($MN)
19 Global Controlled-release Fertilizers Market Outlook, By Soil (2021-2030) ($MN)
20 Global Controlled-release Fertilizers Market Outlook, By Foliar (2021-2030) ($MN)
21 Global Controlled-release Fertilizers Market Outlook, By Other Applications (2021-2030) ($MN)
22 Global Controlled-release Fertilizers Market Outlook, By End User (2021-2030) ($MN)
23 Global Controlled-release Fertilizers Market Outlook, By Non-Agriculture (2021-2030) ($MN)
24 Global Controlled-release Fertilizers Market Outlook, By Nurseries & Greenhouses (2021-2030) ($MN)
25 Global Controlled-release Fertilizers Market Outlook, By Turf & Ornamentals (2021-2030) ($MN)
26 Global Controlled-release Fertilizers Market Outlook, By Other Non-Agricultural Crops (2021-2030) ($MN)
27 Global Controlled-release Fertilizers Market Outlook, By Agriculture (2021-2030) ($MN)
28 Global Controlled-release Fertilizers Market Outlook, By Oilseeds & Pulses (2021-2030) ($MN)
29 Global Controlled-release Fertilizers Market Outlook, By Vegetables (2021-2030) ($MN)
30 Global Controlled-release Fertilizers Market Outlook, By Cereals & Grains (2021-2030) ($MN)
31 Global Controlled-release Fertilizers Market Outlook, By Fruits (2021-2030) ($MN)
32 Global Controlled-release Fertilizers Market Outlook, By Plantation Crops (2021-2030) ($MN)
33 Global Controlled-release Fertilizers Market Outlook, By Other End Users (2021-2030) ($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
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.
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