Controlled Release Fertilizers Market

Global Controlled Release Fertilizers Market Size (2023 to 2028)

The global controlled-release fertilizers market is expected to be valued at USD 3986.6 million by 2028 from USD 3007.3 million in 2023, growing at a CAGR of 5.8% from 2023 to 2028.

Global Controlled Release Fertilizer Market Share Insights:

• Based on type, the coted and encapsulated segment dominated the market in 2022.
• Based on application, grains & cereals led the market in 2022.
• Based on region, North America held the major share of the global controlled-release fertilizer market in 2022.

These controlled and released fertilizers are recognized to improve 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 from investing in these products.

REPORT COVERAGE:

This research report on the global controlled release fertilizer market has been segmented and sub-segmented into the following categories.

Global Controlled Release Fertilizers Market - By Type:

• Chemical Condensation Products
• Coated and Encapsulated Fertilizers
• Nitrogen Stabilizers
• Other Controlled Release Fertilizers

Global Controlled Release Fertilizers Market - By Application:

• Crop Based Fertilizers
  • Grains & Cereals
  • Oil Seeds
  • Fruits & Vegetables
  • Non-Crop
• Turf & Ornamental Grass and Other Non-Crop Based Fertilizers

Global Controlled Release Fertilizer Market - By Region:

• 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 most 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 MARKET 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., and Haifa Chemicals Limited are some of the notable companies in the global controlled release fertilizers market.