The "Controlled Release Fertilizer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global controlled release fertilizer market reached a value of US$ 2.75 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 3.95 Billion by 2027, exhibiting a CAGR of 6.22% during 2021-2027.
Companies Mentioned
- AGLUKON Spezialduenger GmbH & Co. KG
- COMPO Expert GmbH (Grupa Azoty S.A.)
- DeltaChem GmbH
- Haifa Group
- ICL Group Ltd.
- JNC Corporation
- Kingenta Ecological Engineering Co. Ltd.
- Mivena BV
- Nufarm
- Sociedad Quimica y Minera de Chile S.A.
- The Mosaic Company
- Yara International ASA
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Controlled-release fertilizers (CRFs) are granular fertilizers that release nutrients into the soil gradually. They increase the efficiency of nutrient delivery to crops while lowering environmental and health risks, which is useful in agriculture, horticulture, and silviculture.
They can also reduce labor costs by eliminating the need to combine and monitor water-soluble fertilizers and limiting the use of expensive injection equipment. Apart from this, they are time-saving and easy to use and offer several other advantages, such as optimal plant development and minimum fertilizer losses.
Due to the surging food and crop demand, there is a rise in the utilization of CRFs across the globe. This, along with the reducing per capita share of fertile land due to a lack of nutrients in the soil, represents one of the key factors driving the market. Additionally, a significant decrease in the arable land on account of the rising global population is propelling the growth of the market.
Moreover, there is an increase in the employment of CRFs to improve soil properties and enhance land productivity. This, coupled with the growing focus of agriculturists and farmers on adopting sustainable agricultural practices due to the shortage of food crops and adverse climatic conditions, is positively influencing the market. Besides this, the escalating demand for CRFs in turfgrass production to prevent nitrate deficiency that may lead to yellowing of the grass and loss of vigor, is offering lucrative growth opportunities to industry investors.
Furthermore, key market players are extensively investing in research and development (R&D) activities to develop advanced technologies like inverse suspension polymerization for the slow release of fertilizers, which is projected to increase their overall sales.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global controlled release fertilizer market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, form and application.
Breakup by Type:
- Condensation Products of Urea and Aldehydes
- Urea Formaldehyde (UF)
- Isobutylidenediurea
- Crotonylidenediurea
- Coated and Encapsulated Fertilizers
- Sulfur-coated Fertilizers
- Polymer-coated Fertilizers
- Sulfur-polymer Coated Fertilizers
- Others
- Others
Breakup by Form:
- Granular
- Liquid
- Powder
Breakup by Application:
- Grains and Cereals
- Pulses and Oilseeds
- Commercial Crops
- Fruits and Vegetables
- Turf and Ornamentals
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Key Questions Answered in This Report:
- How has the global controlled release fertilizer market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global controlled release fertilizer market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the form?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global controlled release fertilizer market and who are the key players?
- What is the degree of competition in the industry?
For more information about this report visit https://www.researchandmarkets.com/r/hlgz19
View source version on businesswire.com: https://www.businesswire.com/news/home/20221206005767/en/
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