Global
Controlled-Release Fertilizers Market Overview
Controlled-release fertilizers (CRFs) are
fertilizers that release nutrients slowly over time, providing a more efficient
and sustainable way to fertilize crops.
The global controlled-release fertilizers market is projected to reach a value of USD 2.9 billion by 2030, growing at a CAGR of 5.9% from 2022 to 2030. The growth of the market is driven by the increasing demand for food, the growing focus on sustainable agriculture, and the development of new CRF technologies. CRFs are used in a variety of crops, including cereals, fruits, vegetables, and ornamentals. They are also used in turf and ornamentals. CRFs are available in a variety of forms, including granules, prills, and coated fertilizers.
Market Segmentation
The global controlled-release fertilizers
market is segmented by type, mechanism, crop type, and region.
On the basis of the type, the global controlled-release
fertilizers market 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). The matrix coating is further
segmented into hydrophobic matrix coating (e.g. polyolefin, rubber etc.,) and
hydrophilic matrix coating (hydrogels). CRCU are sub-segmented into CRCU with a
sulfur-based coating material, CRCU with a polymer-based coating material, CRCU
with a superabsorbent coating material (hydrogel), and CRCU with bio-composite
coating material among other. CRCU segment dominate the market owing to
advantages of urea-based fertilizer such as high nitrogen content (46%), low
cost, and ease of application.
Based on the mechanism of controlled release, the global controlled release fertilizers market is segmented into
osmosis mechanism and diffusion mechanism. Diffusion mechanism of controlled
release of fertilizers accounted to hold a singificant share of the market in
2020 due to its advantages over osmosis mechanism such more controlled release
rate and high consumption of polymer-based controlled release fertilizers over
sulfur-based fertilizers.
Based on the crop type, the global controlled release fertilizers market is segmented into
ornamental & nurseries, agriculture, and turf & lawns. The agriculture
application accounted for the largest market share under crop type in 2017 on
account of growing need for food production due to expanding population across
the globe and is likely to continue growing over the forecast period 2018–2023.
Regional Analysis
The global controlled-release
fertilizers market outlook 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
2020, 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.
Competitive Analysis
Some of the key players in the global
controlled-release fertilizers market 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.).
Browse In-depth Market Research Report (128
Pages, Charts, Tables, Figures) Report :
https://www.marketresearchfuture.com/reports/controlled-release-fertilizers-5998
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