According to a research report "Controlled-release Fertilizers Market by Type (Slow Release, Coated and Encapsulated, Nitrogen Stabilizers), End Use (Agricultural and Non-Agricultural), Mode of Application (Foliar, Fertigation, Soil) and Region - Global Forecast to 2028" published by MarketsandMarkets, the controlled release fertilizers market is estimated at USD 2.2 billion in 2023 and is projected to reach USD 2.9 billion by 2028, at a CAGR of 5.9% from 2023 to 2028. The growing demand for controlled-release fertilizers is primarily fueled by their ability to enhance nutrient efficiency, reduce environmental impact, and align with sustainable agricultural practices, meeting the needs of both farmers and environmental concerns.
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The slow-release segment is expected to grow at the highest CAGR during the forecast period.
The market for slow-release fertilizers has experienced steady growth due to their inherent benefits in enhancing agricultural sustainability and productivity. The controlled and gradual nutrient release of these fertilizers aligns with precision agriculture techniques, ensuring optimal nutrient uptake by crops and minimizing wastage. This approach has gained traction as farmers seek to improve resource management, reduce nutrient runoff, and comply with stringent environmental regulations. Additionally, the rising awareness of soil health, water quality preservation, and long-term crop viability have driven the adoption of these fertilizers, making them a key component of modern farming strategies aimed at achieving both economic and environmental objectives.
The non-agriculture segment by end use emerged as a driving force in the controlled-release fertilizer market in 2022.
The non-agriculture segment has contributed to the growth of the controlled-release fertilizers market. The urban landscape's growing reliance on controlled-release fertilizers is set to propel the market's expansion. Golf courses, municipal parks, residential complexes, and other non-agricultural areas seek sustainable solutions that controlled-release fertilizers can provide. This dominance aligns with the broader trend of urbanization and the corresponding need for environmentally friendly, efficient, and visually appealing landscaping solutions.
In urban areas, aesthetics and visual appeal hold significant importance. Controlled-release fertilizers contribute to lush and vibrant green spaces that enhance the overall aesthetics of urban environments. Moreover, the slow and controlled nutrient release of these fertilizers results in reduced application frequency, translating to fewer maintenance cycles for landscapers, golf course managers, and homeowners. This efficiency appeals to non-agricultural users seeking to streamline operations.
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Argentina is expected to be the fastest-growing market in the South American region during the forecast period.
Argentina is poised to emerge as the fastest-growing player in the controlled-release fertilizers market within South America. Argentina places considerable emphasis on sustainable farming practices, aligning with global trends and consumer preferences. Controlled-release fertilizers offer a solution to minimize nutrient runoff, reduce environmental impact, and promote soil health, making them a natural fit for the country's sustainable agriculture initiatives.
Argentina's dominance in the South American controlled-release fertilizers market is enhanced by a convergence of favorable conditions. Its strong agricultural foundation, commitment to sustainable practices, emphasis on innovation, and strategic export position create a conducive environment for both the production and adoption of controlled-release fertilizers. This dominance is expected to fuel continued growth in the sector, as Argentina solidifies its role as a key player driving the evolution of agricultural practices in the region.
Major players operating in the controlled-release fertilizers market are Yara (Norway), Nutrien Ltd. (Canada), Mosaic (US), ICL (Israel), Nufarm (Australia), Kingenta (China), ScottsMiracle-Gro (US), Koch Industries (US), Helena Chemicals (US), and SQM (Chile).
The global Controlled Release Fertilizers Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the controlled-release fertilizers market include Aglukon, Nutrien Ltd., Yara International ASA, Agrium, Compo Expert, Haifa Chemicals, Helena Chemical, Jcam Agri., Kingenta, Koch Industries, SQM, Scottsmiracle-Gro.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Controlled Release Fertilizers Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/controlled-release-fertilizers-market/download-sampleMarket DynamicsThe rising demand for highly efficient fertilizers and high-value crops, favorable government regulations, and an increase in the number of investments from key market players are the factors driving the CRFs market.
Farmers are concentrating on increasing crop yield and are hence willing to use new farming methods.
In contrast with conventional fertilizers, the use of controlled-release fertilizers reduces nitrogen loss and requires less fertilizer application.
The top two players, namely, Kingenta Ecological Engineering and Shandong Shikefeng Chemical, collectively held nearly 50% of this market in 2014, demonstrating a moderately consolidated market structure, finds Transparency Market Research (TMR).Fertilizer manufacturers in Asia Pacific are making use of advanced technologies and economies of scale to produce low-cost specialty fertilizers, of which controlled release fertilizer is one of the fastest-growing segment.
In the near future, these companies will be focusing on increasing their production capacities and constructing new business facilities in emerging markets to expand their reach.
Request Sample pages of premium Research Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=9644Increasing Need for Food Boosts Adoption of Controlled Release FertilizersThe population in Asia Pacific has been reporting an exponential rise since the last few years.
According to the United Nations Economic and Social Commission for Asia Pacific (UN ESCAP), the region is home to more than 4.4 billion people, accounting for almost 60% of the world’s population.With this robust population base, the need for food is growing unprecedentedly in this region.
Hence, farmers are increasingly using controlled release fertilizers to enhance their agricultural output from the limited available land.Besides this, agriculturalists in Asia Pacific are focusing on upgrading their farming methods to boost their crop yield in order to meet the growing demand for food.
As controlled release fertilizers possess eco-friendly properties and are more efficient than conventional fertilizers, their application will be increased significantly in this region over the forecast period.Request for covid19 Impact Analysis - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19_id=9644Controlled Release Fertilizers find Highest Adoption in China and IndiaThe Asia Pacific controlled release fertilizers market is likely to expand at a CAGR of 7.20% during the period from 2015 to 2023, estimates TMR.
The slowness of the release is determined by the low solubility of the chemical compounds in the soil moisture.Coated Controlled-Release Fertilizer offers economic benefits which associated with labor savings and lesser quantity requirements are fueling market growth, more over the global awareness of sustainable agriculture which demands farming meets environmental safety standards.
The Coated Controlled-Release Fertilizers are the idea product to meets requirements above, according to research, the global Coated Controlled-Release Fertilizer market is projected to reach 2580 million USD by 2021.
Download Free Sample Report @ https://www.radiantinsights.com/research/global-controlled-release-fertilizers-market-research-report-2019-2023/request-sample In terms of type, Polymer sulfur coated urea or sulfur coated urea, polymer coated urea, polymer coated NPK fertilizer, and others (including coated micronutrients) are the primary product segments of the controlled release fertilizers market, according to research, demand for polymer sulfur coated urea/sulfur coated urea is expected to rise significantly for the forecast period as it has demonstrated to be an efficient alternative to urea due to its environment-friendly, resource saving, and labor saving characteristics.
It was the largest market for controlled release fertilizers, followed by North America.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-controlled-release-fertilizers-market-research-report-2019-2023 Global top manufacturers operating in Coated Controlled-Release Fertilizer Market are ATS Group, Greenfeed Agro Sdn.
Bhd, The Scotts Miracle-Gro Company, HIF TECH SDN.
