The Europe-controlled release fertilizers market size is expected to reach USD 694.09 million in 2024 and USD 908.87 million by 2029, growing at a CAGR of 5.54% from 2024 to 2029.
Europe, being the largest producer of fruits and vegetables, is estimated to observe strong growth in the controlled-release fertilizers market.
Controlled-release fertilizers are used to decrease the probability of the loss of nutrients to the environment. It stays the availability of the nutrients for plant consumption and extends the availability period of the nutrients as compared to conventional fertilizers. The development toward the growing use of coated controlled-release fertilizers is likely to continue. Controlled-release fertilizers are an effective alternative to conventional fertilizers due to their advantages, such as environment-friendly, resource-saving, and labor-saving. On the other hand, because of their high price compared to conventional fertilizers, their use is still limited mainly to turf, horticultural, and ornamental applications.
Crop based controlled release fertilizers segment is expected to increase at highest rate due to increase in demand for crops because of increase in population.
Italy and Spain regions are estimated to grow at the highest rate in the forecast period for the controlled release fertilizers market.
The market for controlled-release fertilizers is described as strong competition with a large number of big and small players. The Chisso Corporation, Shandong Shikefeng Chemical Industry Co. Ltd., Kingenta Ecological Engineering Group Co. Ltd., Scotts Miracle-Gro Company, Agrium, Yara International, Israel Chemicals Ltd. (Israel), Compo GmbH Co., Sociedad Quimica Y Minera S.A. and Haifa Chemicals Limited are some of the big players in controlled release fertilizer industry.
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