Controlled-Release Fertilizers Market Scope, Global Analysis and Business Growth by 2027

Research Reports

Jan 21, 2021

Market Insight

Global Controlled-Release Fertilizers Industry is estimated to Reach USD 2.01 Billion in 2019 and is expected to register 6.53% CAGR during the forecast period, 2020 to 2027. The increasing demand for high-efficiency fertilizers, increasing focus on minimizing nutrient losses are the major driving factors for the growth of the market. The farmers are focusing on boosting their crop production thus is ready to adopt advanced farming technologies. The use of controlled-release fertilizers lowers the loss of nutrients and therefore requires a lesser amount for fertilizer application as compared to conventional fertilizers. Thus, due to this reduction in the cost of cultivation, the profit realization for the farmers increases along with the crop yield. However, the lack of skilled labours and supply of less effective counterfeit products are the major challenges faced by the players operating in this market

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Competitive Analysis

Some of the key players in the Global Controlled-Release Fertilizers Industry are BASF SE (Germany), NUTRIEN Ltd. (Canada), Yara International ASA (Norway), Koch Agronomic Services, LLC. (U.S.), ICL (Israel), AGLUKON SPEZIALDÜNGER GmbH & Co. KG (Germany), COMPO EXPERT (Germany), EKOMPANY (Netherlands), Haifa Chemicals Ltd. (Israel), KINGENTA (China), and The SCOTTS Company LLC (U.S.).

Market Segmentation

Global Controlled-Release Fertilizers Market is segmented by type, mechanism, crop type, and region.

Based on the Type, Global Controlled-Release Fertilizers Industry is segmented into controlled release organic fertilizers (CROF), controlled release inorganic fertilizers (CRIF), controlled release coated fertilizers (CRCF), controlled release coated urea (CRCU), and others. CROF are sub-segmented into natural organic compounds (animal manure, sewage sludge etc.) and synthetic organic compounds (urea formaldehyde (UF), isobutylene-diurea (IBDU), urea acetaldehyde/cyclo diurea (CDU)). CRIF are sub-segmented into metal ammonium phosphates (KNH4PO4 and MgNH4PO4), and partially acidulated phosphate rock (PAPR). CRCF is sub-segmented into coated granules and matrix coating. Coated granular CRFs are further segmented to organic polymer coating materials (for instance, thermoplastics, and resins) and inorganic coating materials (including sulfur and other minerals).

Regional Analysis

Global Controlled-Release Fertilizers Market is spanned across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. North America was the major market for the controlled release fertilizers in 2019, followed by Europe, which is further trailed by Asia Pacific. The Middle East & Africa and Latin America are expected to show a moderate demand for controlled release fertilizers over the forecast period.

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