Controlled Release Fertilizer Market

Controlled Release Fertilizer Market Growth Spectrum Analysis (2023 to 2033)

Fact.MR estimates that between 2023 and 2033, the global market for controlled release fertilizer (CRF) would expand from US$ 3.2 billion to US$ 5.4 billion. This entails a CAGR of more than 5.0% over the forecast period.

The primary factor which drives the sales of controlled-release fertilizer is the surging adoption of numerous methods for growing and delivering high-quality crops. Controlled-release fertilizers are fertilizers that slowly release nutrients into the soil.

Report Attributes	Details
Controlled Release Fertilizer Market Size (2022A)	US$ 3.2 Billion
Estimated Market Value (2023E)	US$ 3.3 Billion
Forecasted Market Value (2033F)	US$ 5.4 Billion
Global Market Growth Rate (2023-2033)	5.0% CAGR
North America Market Share (2022)	40.0%
Key Companies Profiled	AgroBridge (m) Sdn. Bhd. ATS (Growth Products) Compo GmbH & Co. KG Ekompany International B.V Eurochem Agro Gmbh Greenfeed Agro Sdn Bhd Haifa Group Hanfeng Evergreen Inc. Harrell's LLC HIF Tech Sdn Bhd Israel Chemicals Ltd JNC Corporation (Chisso) Kingenta International Nufarm Ltd. Nutrien

Analyses of Market Dynamics in a Planned Timeframe

The type of soil, level of soil fertility among different soil types, the ratio of available nutrients, crop type, and weather affect the type & quantity of fertilizers applied to crops. In the wake of the COVID-19 pandemic, there is an urgent need to implement innovative measures that use sensor and satellite technologies to improve the efficiency of agricultural inputs, particularly fertilizer.

Both nitrogen (N) and phosphorus (P), two essential nutrients for plants, need to be thoroughly examined during cultivation. Utilizing fertilizer to replace nutrients lost during crop harvest is referred to as sustainable nutrient management. This is because volatilization, leaching, and denitrification result in a significant loss of nitrogen. Utilizing control-release fertilizers is one strategy for increasing nitrogen efficiency.

• Growth Factors for Short Term (2023-2026): Growing agriculture sector to create high demand for CRF to enhance crop production and meet the rising population demand.
• Factors for Medium-Term Growth (2026-2029): Global nutrient use efficiency has been extremely low, ranging from 40% to 50%. This means that the majority of applied fertilizers are lost to the natural environment. Utilizing controlled released fertilizers to target crops results in lower nutrient losses and improved nutrient utilization efficiency.
• Long Term Growth Opportunities (2029-2033): Manufacturers are putting an emphasis on sustainability and introducing controlled release fertilizers that are useful to the soil. In order to achieve carbon neutrality, manufacturers are focused on developing green formulations elevating market growth.

According to Fact.MR, during the timeframe 2018 to 2022, the market for Controlled Release Fertilizer expanded at a CAGR of 4.0%, and it is anticipated to expand at a CAGR of 5.0% between 2023 and 2033.

Market Dynamics Analysis

“Increasing Adoption of CRF to Reform Agricultural Practices & Improve Yield”

Major debates regarding crop production enhancements revolve around agricultural productivity and efficiency. The idea of agricultural productivity encompasses practices like using organic fertilizers, applying the right amount of irrigation, and minimizing the use of chemical fertilizers to prevent soil degradation in addition to increasing overall crop yield.

Therefore, achieving a high level of productivity can be accomplished with the help of controlled release fertilizers. They maximize crop nutrient retention and are less harmful to the environment than conventional fertilizers. The gradual release of micronutrients into the soil helps keep the soil fertile, giving farmers more opportunities to cultivate.

The Food and Agriculture Organization predicts that by 2050, the world's demand for food, particularly cereals, for both plant and animal feed, will reach around 3 billion tons. As a result, agriculture would require more fertile land, which will increase demand for non-destructive fertilizers and boost sales of controlled release fertilizers.

“Trend of Eco-Friendly Fertilizers: Drives Controlled Release Fertilizer Market”

Controlled release fertilizers are primarily used to extend the amount of time that soil retains nutrients. The global controlled release fertilizers market is expected to grow at a faster rate than any conventional fertilizer during the forecast period due to their ability to release nutrient fractions gradually.

Crops that use controlled-release fertilizers are able to retain as many nutrients in the soil as possible, significantly reducing losses caused by leaching, volatilization, or excessive turf growth, because it delivers nutrients directly to the root zone, it is more effective.

As conventional fertilizers' average nutrient recovery by crops remained relatively low, high-quality fertilizers like controlled release fertilizers, which deliver high efficiency and a longer nutrient retention time, presented an alarming opportunity.

“Expensive as Compared to Conventional Fertilizers, Limiting the Global Consumption”

The overall application cost of controlled release fertilizers poses a threat to the global market, despite the fact that they have a significant impact on long-term crop protection and productivity.

The widespread belief among farmers in developing and underdeveloped nations that applying a lot of fertilizers would improve crop yield and quality will discourage them from contributing to the expansion of the global market.

Country-wise Insights

What Factors are Likely to Drive CRF Demand Across the US?

In the global market for controlled release fertilizers, the United States generates more than a quarter of all revenue from a regional perspective. The region has always been working steadily to improve fertilizer quality and has provided potential market opportunities.

The demand in the country is rising due to non-agricultural applications like golf courses, turf gardens, and lawns. The National Golf Foundation asserts that golf courses are constructed on approximately 2 million acres of land in the United States. Utilizing controlled release fertilizers for continuous nutrient supply presents enormous opportunities as a result.

In addition, the region is experiencing an acceleration in the consumption of lentils and crops as a result of strict regulations regarding fast food consumption. Another reason for the rising demand for crops is the health benefits of vegetarian and vegan food. As a result, the U.S. market is expected to have a controlled release fertilizer market share of 40.0% during the upcoming forecast period.

How China Creates Ample Opportunities for CRF Manufacturers?

In terms of consumption, East Asia is one of the lucrative markets for controlled release fertilizer. Owing to the region's robust agricultural production, China commands the majority of the demand for controlled release fertilizer. China is the world leader in the production of fruits, vegetables, and food grains because it uses high-quality fertilizers to improve crop yield and performance, contributing significantly to the global market for controlled release fertilizers.

China's consumption of controlled release fertilizers, in particular, is anticipated to rise at a CAGR of approximately 10.0% over the forecast period. Over the past half a decade, controlled release fertilizers have gained significant traction due to their superior advantages over conventional fertilizers, including the gradual release of nutrients into the soil. Therefore, China is anticipated to hold a 25.0% market share for controlled release fertilizers by the end of the forecast period.

Category-wise Insights

Preventing Soil Degradation and Increasing the Absorption of Polymer-Coated NPK Fertilizers

Over the past ten years, nitrogen-based controlled release fertilizers have gained popularity due to their ease of availability and reasonable pricing. Additionally, due to their potential to reduce N2O emissions, controlled release nitrogen fertilizers have sparked interest in the fertilizer landscape.

Over extended periods, polymer-coated NPK controlled release fertilizers gradually release nutrients, typically lasting anywhere from three months to 18 months, preventing soil degradation. As a result, polymer-coated NPK fertilizers are anticipated to capture 45.0% of the market during the forecast period.

Fertilizers with Controlled Release Are Significant Growth Promoters in Vegetables and Fruits

The controlled release fertilizers industry is benefiting from the growing trend toward eating raw fruits and vegetables and incorporating them into various recipes. People are taking health-related issues more seriously as a result of growing health-related concerns. Additionally, the natural healing properties of fruits and vegetables make them effective medicines.

In addition, problems with the heart and obesity have forced people to adopt healthier habits. Additionally, because fruits and vegetables contain dietary fiber, vegetarianism and veganism are gaining popularity all over the world. As a result, the demand for fruits and vegetables is rising.

Key Strategies Followed by Key Manufacturers

Prominent controlled release fertilizers manufacturers are AgroBridge (m) Sdn. Bhd., ATS (Growth Products), Compo GmbH & Co. KG, Ekompany International B.V, Eurochem Agro Gmbh, and Yara International.

To expand their market presence, prominent manufacturers of controlled release fertilizer are successfully collaborating with or acquiring existing small, medium, and large manufacturers. For Instance, Eurochem Agro Gmbh agreed to acquire the Brazil-based Serra do Salitre phosphate project in August 2021. The project is currently fifty percent finished, and fertilizer production is anticipated to begin in 2023. The acquisition is anticipated to reduce Brazil's reliance on phosphate supplies from third parties while simultaneously producing phosphates and complex fertilizers.

Fact.MR has provided detailed information about the price points of key manufacturers of controlled release fertilizer positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Controlled Release Fertilizer Industry Research

• Controlled Release Fertilizer Market by Product :

  • Polymer Sulfur Coated Urea/Sulfur Coated Urea
  • Polymer Coated Urea
  • Polymer Coated NPK

• Controlled Release Fertilizer Market by Crop :

  • Cereals & Grains
  • Oilseeds & Pulses
  • Fruits & Vegetables
  • Others

• Controlled Release Fertilizer Market by Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA