Market Scope
Market Research Future (MRFR) studied theglobal controlled release fertilizers market 2021 for the analysis period till
2027. As per MRFR analysis, the controlled release fertilizer market can
register a 6.53% CAGR in the forecast tenure. By 2027, the controlled release
fertilizer market value can touch USD 3.09 Bn.
Drivers and Restrains ImpactingControlled-Release Fertilizer Market
The high demand for high-efficiencyfertilizers and growing focus on curbing nutrient losses are major causes that
can drive the growth of the global controlled release fertilizer market.
Farmers are focusing on improving their crop production and are adopting
advanced farming technologies. The utility of controlled-release fertilizers
decreases the loss of nutrients, thus requires less amount of fertilizer
compared to conventional fertilizers. The reduction in cultivation cost and the
increase in profit margin for farmers, along with surge in the crop yield can
promote the growth of controlled release fertilizer market. On the contrary,
lack of expertise and less supply of effective counterfeit products are some
challenges that the players operating in the market can encounter.
Competitive Dashboard ofControlled-Release Fertilizer Market
BASF SE (Germany), Koch Agronomic Services,LLC. (U.S.), Nutrien Ltd. (Canada), ICL (Israel), Yara International ASA
(Norway), AGLUKON Spezialdünger GmbH & Co. KG (Germany), Ekompany
(Netherlands), COMPO EXPERT (Germany), Kingenta (China), Haifa Chemicals Ltd.
(Israel), and The Scotts Company LLC (U.S.) are some reputed companies in the
global controlled release fertilizers market that are enlisted by MRFR.
Segment Study of market Market
The global controlled release fertilizersmarket’s segment study is done by type, crop type, and mechanism.
Based on type, the worldwide controlledrelease fertilizers market is segmented into controlled releaseinorganic fertilizers (CRIF), controlled release organic fertilizers (CROF),
controlled release coated urea (CRCU), and controlled release coated
fertilizers (CRCF) others. The segment of CROF is sub-segmented into synthetic
organic compounds and natural organic compounds. The synthetic organic
compounds segment comprises isobutylene-diurea (IBDU), urea formaldehyde (UF),
and urea acetaldehyde/cyclo diurea (CDU). The natural organic compounds segment
studies animal manure and sewage sludge.
The CRIF segmentis sub-segmented into partially acidulated phosphate rock (PAPR) and metal
ammonium phosphates. The metal ammonium phosphates segment comprises MgNH4PO4
and KNH4PO4. The segment of CRCF is sub-segmented into matrix coating and
coated granules. The segment of coated granular CRFs is further sub-segmented
into polymer coating materials (resins and thermoplastics) and inorganic
coating materials (sulfur and other types of minerals). The matrix coating
segmented is studied for and hydrophilic matrix coating (hydrogels) and
hydrophobic matrix coating (polyolefin and rubber). The segment of CRCU is
sub-segmented into CRCU with a polymer-based coating material, CRCU with a
sulfur-based coating material, CRCU with bio-composite coating material, and
CRCU with a superabsorbent coating material (hydrogel) among other. The CRCU
segment can dominate the global Controlled-release Fertilizers market size due
owing to increasing utility of urea-based fertilizer as they have high nitrogen
content (46%) and are ease of application, as well as are affordable.
Based on the mechanism of controlledrelease, the worldwide controlled release fertilizers industry is studied for
diffusion mechanism and osmosis mechanism. The segment of diffusion mechanism
can hold a significant share of the worldwide Controlled-release Fertilizers industry
report by 2027 as due to its advantages over osmosis mechanism. Controlled
release rate and increasing consumption of polymer-based controlled release
fertilizers than sulfur-based fertilizers can support market surge.
Based on crop type, the worldwide controlledrelease fertilizers market trends is studied for agriculture, ornamental& nurseries, and turf & lawns. The agriculture application segment is
likely to secure the highest share of the market due to increasing need for
food production as the population keeps expanding across the globe.
Regional Analysis of Controlled-ReleaseFertilizer Market
The ‘worldwide controlled release fertilizersmarket’s regional analysis spans across five regions; Asia Pacific, Europe,
Latin America, North America, and the Middle East Asia and Africa. In North
America, the controlled release fertilizers market is expected to secure the
highest share, followed by Europe and trailed by the Asia Pacific region. In
the Middle East Asia and Africa as well as Latin America, the regional market
is expected to a moderate surge in demand for controlled release fertilizers
during the forecast period. The controlled release fertilizers market in the
Asia Pacific region can acquire decent market share. The rise in demand for
high-value crops and spreading awareness about modern solutions among farmers
about environmental benefits of controlled release fertilizers can provide wide
scope for market expansion in Asia Pacific countries.
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