Controlled Release Fertilizers Market

Controlled Release Fertilizers Market Size & Growth:

Controlled Release Fertilizers Market was worth 2686.47 million in 2021 and estimated to be growing at a CAGR of 5.8%, to reach 3561.31 million by 2026. These controlled and release fertilizers are recognized to improve the agricultural produce, which is a demanding need of the hour due to fast urbanization and drip in the number of farming jobs as the younger population is pursuing other professions. Controlled release fertilizers are part of enriched productivity fertilizers. These are grainy fertilizers that discharge nutrients steadily into the soil. Controlled release fertilizers are generally coated or encapsulated with inorganic or organic constituents that control the level, pattern, and interval of plant nutrient release.

The difficulty of population outbursts has led to the reduction of arable land, which has generated a situation of increasing demand for higher food consumption and lower production. Reuniting these concerns has led to a great demand for controlled-release fertilizers in the past few years. The increasing concerns of food security have persuaded several governments across the globe to approve these fertilizers to raise their productivity and decrease their dependence on food imports. Consequently, in spite of the advantages of controlled release fertilizers, the market is facing issues such as increasing prices of these fertilizers, which has discouraged many farmers to invest in these products.

REPORT COVERAGE:

The Controlled Release Fertilizers Market is segmented and sub-segmented into the following categories:

Controlled Release Fertilizers Market - By Type:

• Chemical Condensation Products

• Coated and Encapsulated Fertilizers
• Nitrogen Stabilizers
• Other Controlled Release Fertilizers

Controlled Release Fertilizers Market - By Application:

• Crop based fertilizers

1. Grains & Cereals
2. Oil seeds
3. Fruits & Vegetables

• Non-crop

1. Turf & Ornamental Grass and other non-crop based fertilizers

Geographically the market is segmented into:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle-East and Africa

North America is the dominating region for the controlled release fertilizer market. The Asia Pacific is projected to be the substantial regional segment in the coming years. This regional demand will be led by China as the demand to nourish the bursting population base remains to ask for greater crop yields in the coming years.

Key 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
• Compo GmbH Co
• Sociedad Quimica Y Minera S.A
• Haifa Chemicals Limited