Controlled Release Fertilizer Market Worth $3.3 Billion by 2026

0

CHICAGO, February 2, 2022 /PRNewswire/ — According to the report “Controlled-Release Fertilizers Market by Type (Slow Release, Coated & Encapsulated, Nitrogen Stabilizers), End-Use (Agricultural & Non-Agricultural), Application Mode (Foliar, Fertigation, Soil) & Region – Global Forecast up to in 2026″, published by MarketsandMarkets™, the global Controlled Release Fertilizer market size is expected to reach $3.3 billion by 2026. The Controlled Release Fertilizer market is estimated to be $2.4 billion in 2021; it is expected to grow at a CAGR of 6.4% to reach $3.3 billion by 2026.

Download the PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=136099624

Asia Pacific accounted for the largest share; over the forecast period, in terms of volume and value, respectively. Increase in the growth of high value crops and increased awareness among farmers about the environmental benefits of controlled release fertilizers are expected to provide more opportunities for market expansion. Government policies adopted by Asia Pacific countries and the large subsidies, sometimes up to 100% for marginal farmers, granted on fertilizers are the main factors triggering the growth of this market in the region. In the North America region, the demand for controlled release fertilizers is expected to increase in the near future due to decreasing arable land. Mexico, on the other hand, has the advantage of a warm climate; however, relative arable land is significantly lower than others. Given the high prices of controlled release fertilizers, the market has remained popular in developed markets with high disposable income and demand.

The coated and encapsulated segment by type is expected to witness the fastest growth in the controlled release fertilizer market.

The coated and encapsulated segment accounted for the largest market share during the forecast period. An increase in the application of coated fertilizers to grow high value crops has led to an increase in demand in developed countries. The need for predefined and structured nutrient release in high value crops and horticulture has triggered the development of polymeric coatings in the market. The rate of nutrient release can be controlled by the composition and thickness of the polymer coating. The release of nutrients depends on the temperature and the moisture permeability of the polymer coating. The moisture permeability of the capsule can be controlled by changing the composition of the polymer coating material used. Since it does not depend on soil properties, prediction of nutrient release at a given time is possible for polymer-coated fertilizers.

Browse the in-depth table of contents atControlled Release Fertilizer Market

665 – Tables
68 – Numbers
445 – Pages

By mode of application, the fertigation segment is expected to account for the largest market share in the controlled release fertilizer market.

The controlled-release fertilizer market, in terms of application method, was dominated by fertigation. Due to the increase in irrigated land, fertigation is highly preferred as the proper application method adopted in developed and developing countries across the world for the application of these fertilizers. In addition, labor costs are reduced to a large extent through the adoption of these techniques. Hence, this segment is also expected to experience the fastest growth in the coming years. Although this technique allows for some uniform fertilizer application, newer and better technologies supporting precision farming practices can be developed. The combination of precision agriculture practices and controlled release technology is expected to present a synergistic relationship to benefit the global agricultural industry

The non-agricultural sub-segment by end use is expected to account for the largest market share of the controlled release fertilizer market over the forecast period.

The non-agricultural segment is expected to account for the largest share. Growing purchasing power and rising environmental stakes have led to increased demand for CRF in non-agricultural sectors.

Controlled-release fertilizers help improve nutrient use efficiency (UE) and reduce environmental pollution. The application of controlled release fertilizers is usually done on turf and ornamental plants, cereals and grain crops such as rice, corn and wheat. Due to the high price of controlled release fertilizers, their use is mostly limited to high value crops and non-agricultural crops

Customization request: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=136099624

Asia Pacific should be the biggest market.

The demand for controlled release fertilizers has increased in this region, owing to the increasing investment of foreign business sectors in agricultural inputs to exclusively meet the demand of crop growers to achieve export quality. In addition, the regulation of controlled release fertilizers is favorable in this region. China is estimated to represent the largest share of Asia Pacific Controlled Release Fertilizers market owing to increasing investments by several multinational manufacturers in research and development.

Key players:

The major players in this market are Yara International ASA (Norway), Nutrien Ltd (Canada), The Mosaic Company (USA), ICL Group (Israel), Nufarm Ltd. (Australia), Kingenta (China), ScottsMiracle-Gro (USA), Koch Industries (USA), Helena Chemical (USA) and SQM (Chile). These players in this market are committed to increasing their presence through agreements and collaborations. These companies are strongly established in North America, Asia Pacific and Europe. They also have manufacturing facilities as well as strong distribution networks in these regions.

Related reports:

Specialty Fertilizer Market by type (UAN, CAN, MAP, potassium sulfate and potassium nitrate), application method (soil, foliar and fertigation), form (dry and liquid), crop type, technology and region – Global forecasts up to 2025

https://www.marketsandmarkets.com/Market-Reports/specialty-fertilizer-market-57479139.html

Agrochemicals Market By Pesticide Type (herbicides, insecticides, fungicides), Fertilizer Type (Nitrogen, Phosphate and Potassium), Crop Application (Cereals and Grains, Oilseeds, Fruits and Vegetables) and Region – Global Forecast to 2025

https://www.marketsandmarkets.com/Market-Reports/global-agro-chemicals-market-report-132.html

Cycle through adjacent reports: Agriculture Industry Market Research Reports and advice

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats that will impact 70%-80% of global business revenue. Currently serving 7,500 customers worldwide, including 80% of global Fortune 1000 companies as customers. Nearly 75,000 senior executives from eight industries around the world approach MarketsandMarkets™ for their revenue decision issues.

Our 850 full-time analysts and MarketsandMarkets™ SMEs track global high-growth markets by following the “Growth Engagement Model – GEM”. The GEM aims for proactive collaboration with customers to identify new opportunities, identify most important customers, write “Attack, Avoid and Defend” strategies, identify additional sources of revenue for the company and its competitors. MarketsandMarkets™ now offers 1,500 MicroQuadrants (positioning top performers among Leaders, Emerging Companies, Innovators, Strategic Players) each year in high-growth emerging segments. MarketsandMarkets™ is determined to benefit over 10,000 companies this year for their revenue planning and help them bring their innovations/disruptions to market by providing research ahead of the curve.

MarketsandMarkets’ flagship competitive intelligence and market research platform, “Knowledge Store”, connects over 200,000 markets and entire value chains for a deeper understanding of unmet information, as well as market sizing and niche market forecasts.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Office 430
Northbrook, IL 60062
United States: +1-888-600-6441
Email: [email protected]
Research overview: https://www.marketsandmarkets.com/ResearchInsight/pressed-release-fertilizers-markek.asp
Visit our website: https://www.marketsandmarkets.com
Source of content: https://www.marketsandmarkets.com/PressReleases/pressed-release-fertilizers.asp

Quote

Show original content:https://www.prnewswire.com/news-releases/controller-release-fertilizer-market-worth-3-3-billion-by-2026–exclusive-report-by-marketsandmarkets-301473564.html

SOURCE Markets and Markets

Share.

About Author

Comments are closed.