USD 2.4 billion
Global Controlled Release Fertilizers Market Size, Share, Growth Analysis, By Product(Polymer-coated, sulfur-coated), By Application(Cereals & grains, oilseeds & pulses) - Industry Forecast 2024-2031
Report ID:
SQMIG15C2058 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
64 |
Figures:
75
Global Controlled Release Fertilizers Market Insights
Controlled Release Fertilizers Market size was valued at USD 2.4 billion in 2021 and is poised to grow from USD 2.72 billion in 2023 to USD 4.19 billion by 2030, at a CAGR of 6.4% during the forecast period (2023-2030).
The global controlled release fertilizers market has been witnessing significant growth due to their enhanced nutrient efficiency and environmental benefits.
These fertilizers release nutrients gradually over an extended period, reducing the need for frequent applications and minimizing nutrient loss to the environment.
Factors such as increasing demand for high-value crops, sustainable agriculture practices, and the need for higher crop yields have been driving market expansion.
Additionally, growing awareness about environmental concerns, including water pollution and greenhouse gas emissions, has further propelled the adoption of controlled release fertilizers across different regions.
US Controlled Release Fertilizers Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Cereals & grains
Fastest Growth
Cereals & grains
Growth Rate
6.4% CAGR
Global controlled release fertilizers market by region
Country Share for North America (%)
Global controlled release fertilizers market by application
Global controlled release fertilizers market by application
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Global Controlled Release Fertilizers Market Segmental Analysis
The global controlled release fertilizers market can be analyzed based on product type, application, and region. By product type, it includes polymer-coated, sulfur-coated, and nitrogen-coated fertilizers. Application segments comprise cereals & grains, oilseeds & pulses, fruits & vegetables, and others. Geographically, the market can be divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Controlled Release Fertilizers Market Analysis By Type
The largest sector in the controlled release fertilizers market is the polymer-coated segment, which holds a substantial share due to its versatility and widespread application in various crops globally. Meanwhile, the fastest-growing sector is the sulfur-coated segment, mainly attributed to its cost-effectiveness and growing adoption in emerging economies.
Controlled Release Fertilizers Market Analysis By Application
Insights suggest that the largest sector for controlled release fertilizers is agriculture, as it represents a significant share of global food production. Moreover, the fastest-growing sector is the horticulture industry, driven by increasing demand for high-value crops and ornamental plants.
Global controlled release fertilizers market by application, 2023 (%)
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Global Controlled Release Fertilizers Market Regional Insights
The global controlled release fertilizers market showed promising regional growth prospects. North America led the way with a significant market share due to advanced agricultural practices and rising demand for sustainable farming solutions. Europe experienced steady growth, driven by strict environmental regulations and a growing preference for eco-friendly fertilizers. Asia Pacific displayed rapid expansion, attributed to increasing awareness of enhanced crop productivity and the adoption of modern agricultural techniques. Latin America exhibited substantial potential, supported by expanding agriculture industries in countries like Brazil and Argentina. Overall, the controlled release fertilizers market displayed a promising outlook across various regions.
Global controlled release fertilizers market by geography, 2024-2031
- Largest
- Fastest
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Global Controlled Release Fertilizers Market Dynamics
Controlled Release Fertilizers Market Drivers
Numerous Advantages over Conventional Forms
- The increasing demand for sustainable and efficient agriculture practices is a significant driver for the global controlled release fertilizers market. These fertilizers offer several advantages over conventional ones, such as reduced nutrient loss, improved crop yields, and minimized environmental impact. With the growing global population and shrinking arable land, farmers are seeking ways to enhance crop productivity while conserving natural resources. Controlled release fertilizers provide a long-lasting and steady nutrient supply to plants, ensuring optimal growth and reducing the need for frequent applications. This demand for eco-friendly and efficient agricultural solutions is expected to propel the market for controlled release fertilizers.
Controlled Release Fertilizers Market Restraints
High Cost
- One of the primary restraints for the global controlled release fertilizers market is the relatively higher initial cost compared to conventional fertilizers. The advanced technology and manufacturing processes involved in producing controlled release fertilizers lead to higher production expenses, which are eventually passed on to end-users. Farmers, particularly in developing regions with limited financial resources, may find it challenging to adopt these fertilizers due to their higher upfront costs. Additionally, the lack of awareness and knowledge about the long-term benefits of controlled release fertilizers among some farmers might also hinder their widespread adoption. However, as economies of scale improve and more research highlights the long-term advantages, the adoption of controlled release fertilizers is expected to increase in the future.
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Global Controlled Release Fertilizers Market Competitive Landscape
The global controlled release fertilizers market was witnessing intense competition among key players. Companies were focusing on innovative product development and strategic collaborations to gain a competitive edge. Major players were investing in advanced technologies to enhance nutrient release efficiency and cater to the growing demand for sustainable agriculture practices. Market growth was driven by rising awareness of controlled release fertilizers' benefits, such as improved crop yield and reduced environmental impact. Geographically, Asia-Pacific was poised to be a significant market, while North America and Europe were also witnessing steady growth due to increased adoption of these fertilizers in modern farming practices.
Controlled Release Fertilizers Market Top Player’s Company Profiles
- Nutrien Ltd. - Canada
- Yara International ASA - Norway
- The Scotts Miracle-Gro Company - United States
- ICL Group - Israel
- Haifa Group - Israel
- Koch Industries, Inc. (Koch Agronomic Services) - United States
- SQM (Sociedad Química y Minera de Chile) - Chile
- COMPO Expert GmbH - Germany
- Kingenta Ecological Engineering Group Co., Ltd. - China
- Agrium Inc. (Now part of Nutrien Ltd.) - Canada
- ATS Group - Italy
- Ekompany International BV - Netherlands
- Chisso Corporation - Japan
- Mitsui Chemicals, Inc. - Japan
- AGLUKON Spezialduenger GmbH & Co. KG - Germany
- AgroBridge (Malaysia) Sdn Bhd - Malaysia
- HIF TECH SDN BHD - Malaysia
- Greenfeed Agro Sdn Bhd - Malaysia
- ATS Group - Italy
- AgroBridge (Malaysia) Sdn Bhd - Malaysia
Controlled Release Fertilizers Market Recent Developments
In December 2021, Sumitomo chemicals Co.Ltd. and Yara International ASA worked together.
Global Controlled Release Fertilizers Key Market Trends
- The global controlled release fertilizers market has been witnessing several key trends. One prominent trend is the increasing demand for sustainable agriculture practices and environmentally friendly fertilizers. Farmers are adopting controlled release fertilizers due to their ability to improve nutrient use efficiency and reduce nutrient losses, resulting in minimized environmental impact. Additionally, the growing emphasis on precision farming techniques and the need to enhance crop productivity while conserving resources are driving the market's growth. Moreover, research and development efforts to create innovative formulations and technologies for controlled release fertilizers are likely to shape the market's future trajectory.
Global Controlled Release Fertilizers Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the global controlled release fertilizers market holds promising future prospects driven by increasing agricultural productivity demands, sustainable farming practices, and environmental concerns. As the population continues to grow, the need for efficient and targeted nutrient delivery systems is rising, ensuring optimal crop yield and reducing excessive nutrient leaching. Controlled release fertilizers offer numerous benefits, such as prolonged nutrient release, reduced fertilizer wastage, and minimized environmental impact. Technological advancements in coating materials and formulations are expected to enhance the efficiency and scope of these fertilizers. Additionally, governments' support for sustainable agriculture practices and the adoption of controlled release fertilizers as an eco-friendly solution will further fuel market growth. As farmers seek innovative and cost-effective solutions, the controlled release fertilizers market is projected to witness significant expansion, providing a sustainable and efficient approach to meet global food demands.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.4 billion |
| Market size value in 2031 | USD 4.19 billion |
| Growth Rate | 6.4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Controlled Release Fertilizers Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Controlled Release Fertilizers Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Controlled Release Fertilizers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Controlled Release Fertilizers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Controlled Release Fertilizers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Controlled Release Fertilizers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Controlled Release Fertilizers Market Report Snapshots
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