Global Controlled Release Fertilizer Market, By Type (Slow-Release, Coated, Nitrogen Stabilizers), End-Use (Agriculture, Cereals & grains, Oilseeds & pulses, Vegetables, Fruits, Plantation Crops), Application (Foliar Application, Fertigation, Soil, Other Modes of Application) - Industry Trends and Forecast to 2030.
Controlled Release Fertilizer Market Analysis and Size
The essential factors contributing to the growth of the global controlled release fertilizer market in the forecast period of 2023 to 2030 include the increased application rates of fertilizers in advancing countries. Also, the growing demand for high-value crops is significantly contributing to the market’s growth. Controlled-release fertilizers offer a tailored and efficient nutrient delivery system, enhancing crop performance, hence driving demand in the market.
Data Bridge Market Research analyses that the global Controlled Release Fertilizer Market which was USD 2.65 billion in 2022, is expected to reach USD 4.06 billion by 2030, growing at a CAGR of 6.29% during the forecast period of 2023 to 2030. Agriculture segment will dominate the market due to the growing demand for high-value crops. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network lay outs of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Slow-Release, CoateD, Nitrogen Stabilizers), End-Use (Agriculture, Cereals & grains, Oilseeds & pulses, Vegetables, Fruits, Plantation Crops), Application (Foliar Application, Fertigation, Soil, Other Modes of Application)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Yara (Norway), ICL (Israel), Scottsmiracle-Gro (U.S.), Koch Industries (U.S.), Kingenta (China), SQM (Chile), Haifa Chemicals (Israel), Compo Expert (Germany), Aglukon (Germany), Jinfeng Agricultural Services Co. Ltd (China), CF Industries Holdings (U.S.), Ocp Group (Morocco), Potash Corporation Of Saskatchewan (Canada), The Mosaic Company (U.S.), Compo Gmbh & Co. Kg (Germany), Bunge (U.S.)
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Market Opportunities
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Market Definition
Controlled release fertilizers (CRF) can be referred to as fertilizers that release nutrients in a manner that is controlled in order to be able to meet the nutrient demand uptake of a crop. These fertilizers have the potential to upsurge crop quality and yield, enhance fertilizer usage effectiveness and decrease in the potential losses to the environment.
Global Controlled Release Fertilizer Market Dynamics
Drivers
- Rise in the application rates of fertilizers in advancing countries
The increased application rates of fertilizers in advancing countries can drive the global controlled release fertilizer market by fuelling demand for efficient nutrient management. These countries often seek higher agricultural productivity, and controlled-release fertilizers offer precise nutrient release, reducing waste and environmental impact. This technology aligns with sustainability goals, making it an attractive option for modern agriculture, ultimately contributing to market growth.
- The growing demand for high-value crops
Growing demand for high-value crops is a key driver in the global controlled release fertilizer market. High-value crops, such as fruits, vegetables, and specialty crops, require precise nutrient management to optimize yields and quality. Controlled-release fertilizers offer a tailored and efficient nutrient delivery system, enhancing crop performance. Farmers increasingly turn to these fertilizers to meet market demands, sustain profitability, and reduce environmental impact, thereby fostering the market's expansion.
Opportunity
- The growing demand to improve pasture production
Rising demand to improve pasture production presents an opportunity in the global controlled release fertilizer market. As livestock farming and dairy industries expand, there's a need for enhanced forage quality. Controlled-release fertilizers can offer sustained nutrient supply to pastures, boosting grass growth and overall forage quality. This, in turn, supports animal nutrition and productivity. Agricultural stakeholders increasingly recognize the value of these fertilizers in optimizing pasture management, creating an avenue for market growth.
Restraint/Challenge
- The inadequate adoption of controlled-release technology
The inadequate adoption of controlled-release technology poses a challenge in the global controlled release fertilizer market. Despite its benefits, some farmers and regions have been slow to adopt this technology due to factors like limited awareness, higher upfront costs, or traditional farming practices. Overcoming these barriers and promoting wider adoption is crucial for the market's growth, as it relies on increased acceptance and understanding of the long-term benefits of controlled-release fertilizers.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In July 2020, Yara International ASA entered into an agreement with FBSciences Inc. for expanding the latter product portfolio of calcium nitrate products.
- In June 2022, The Mosaic Company and BioConsortia entered into a collaboration to supply BioConsortia’s recent microbial biostimulant in Asia.
Global Controlled Release Fertilizer Market Scope
The global controlled release fertilizer market is segmented on the basis of type, end use, application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Slow-Release
- Coated
- Nitrogen Stabilizers
End Use
- Agriculture
- Cereals & Grains
- Oilseeds & Pulses
- Vegetables
- Fruits
- Plantation Crops
Application Method
- Foliar Application
- Fertigation
- Soil
- Other Modes of Application
Global Controlled Release Fertilizer Market Regional Analysis/Insights
Global controlled release fertilizer market is analyzed and market size insights and trends are provided by country, type, end use, application as referenced above.
The countries covered in the global controlled release fertilizer market report are U.S., Canada, Mexico, Brazil, Argentina, rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, rest of Middle East and Africa.
Asia-Pacific is expected to dominate the controlled release fertilizer market due to the rise in the large agricultural land under cultivation in advancing countries. Furthermore, the increase in the knowledge amongst farmers through the initiatives taken by the government will further boost the growth of the controlled release fertilizer market in the region during the forecast period. Europe is expected to grow at the fastest rate during the forecast period of 2023 to 2030 due to the rise in the application rates of fertilizers.
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Controlled Release Fertilizer Market Share Analysis
The controlled release fertilizer market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global controlled release fertilizer market.
Some of the major players operating in the global controlled release fertilizer market are:
- Yara (Norway)
- ICL (Israel)
- Scottsmiracle-Gro (U.S.)
- Koch Industries (U.S.)
- Kingenta (China)
- SQM (Chile)
- Haifa Chemicals (Israel)
- Compo Expert (Germany)
- Aglukon (Germany)
- Jinfeng Agricultural Services Co. Ltd (China)
- CF Industries Holdings (U.S.)
- Ocp Group (Morocco)
- Potash Corporation Of Saskatchewan (Canada)
- The Mosaic Company (U.S.)
- Compo Gmbh & Co. Kg (Germany)
- Bunge (U.S.)
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