Controlled Release Fertilizers to Gain Traction over Conventional Fertilizers, on back of Improved Crop Efficiency
Controlled release fertilizers are more eco-friendly than conventional commercial fertilizers because they release nutrients at a slower pace, thus providing maximum nutrient retention in plants. With the global population anticipated to rise to around 10 billion by 2050, demand for food crops is set to rise at a notable rate.
Also, increased efficiency in crop farming and reduced quantities of waste due to agricultural runoff has heightened the demand for controlled release fertilizers. On the backdrop of the aforementioned factors, global controlled release fertilizers market is forecast to witness modest growth of around 5% throughout the forecast period.
Polymer Coated NPK Fertilizers to Generate Highest Revenue Share in Global Market
The fertilizer industry has been continuously facing challenges to improve product quality, so as to enhance efficiency in farming. This paves the way for the utilization of controlled release fertilizers in food crops. Nitrogen is a prominent nutrient that has been manufactured using controlled-release technology.
Owing to ease of availability and affordable pricing, nitrogen-based controlled release fertilizers have gained traction over the last decade. Furthermore, controlled release nitrogen fertilizers have sparked interest in the fertilizer landscape because of their potential N2O emission-reducing properties.
Besides, global consumption of potassium and phosphorus nutrients in food crops cannot go unnoticed and account for a significant contribution in the form of NPK coated controlled release fertilizers. This situation facilitates the growth of these fertilizers in the forecast period.
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Price Escalation is set to Hinder Global Consumption
Though controlled release fertilizers are gaining popularity on their ability to provide long-term crop protection and enhance productivity, the total cost associated with the myriad applications of these fertilizers possesses a threat to the global market.
Even though controlled released fertilizers have been shown to have efficacy, their consumption is limited as it is more expensive than the common commercial fertilizers which are easily available in market. Thus, its application is primarily limited to niche markets like golf courses, landscaping, and nurseries.
North America Leads the Global Market, East Asia to be Fastest Growing Region
From the regional perspective, North America accounts for over one quarter of the market share in global controlled release fertilizers market. This region has been identified for its consistent growth in quality of fertilizers and has provided potential market opportunities.
East Asia is one of the lucrative markets for controlled release fertilizer in terms of consumption. China is at the forefront of demand with robust agricultural production in the region accounting for bulk demand of controlled release fertilizer. China is the world leader for the production of fruits, vegetables, and food grains, as it utilizes high grade fertilizers to increase crop yield and better crop performance thus accounting for a large chunk in the global controlled release fertilizer market.
South Asia & Oceania account for around 15% market share, in terms of revenue. Global controlled release fertilizer market is likely to show rapid growth in countries like India, Malaysia, and Thailand, because of high agricultural productivity from these nations.
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Market Actors Exercising Caution with Organic Strategies under Controlled Release Fertilizer Market
Key stakeholders in the market have targeted agricultural countries like China, India, and Malaysia by building a strong supply base in these countries. Yet, there have not been any significant developments related to controlled-release fertilizers in the last few years. Instead, manufacturers have turned to a defensive approach as there is limited scope to enter expansion and they are more focused on increasing their sales organically.
Controlled Release Fertilizer Market Segmentation
Fact.MR has studied the controlled release fertilizer market with detailed segmentation on the basis of product, crop and key regions.
- Polymer Sulfur Coated Urea/Sulfur Coated Urea
- Polymer Coated Urea
- Polymer Coated NPK
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”
Controlled Release Fertilizer Market- Scope Of The Report
The recent study by Fact.MR on controlled release fertilizer market offers a 10-year forecast between 2019 and 2029. The study analyzes crucial trends that are currently determining the growth of controlled release fertilizer market.
This report explicates on vital dynamics such as the drivers, restraints and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of controlled release fertilizer. The study also provides dynamics that are responsible for influencing the future status of the controlled release fertilizer market over the forecast period.
A detailed assessment of controlled release fertilizer value chain analysis, business execution, and supply chain analysis across the regional markets has been covered in the report. A list of prominent companies operating in the controlled release fertilizer market along with their production capacity analysis enhances the reliability of this comprehensive research study.
Controlled Release Fertilizer Market: Report Summary
The study offers a comprehensive analysis on diverse features including production capacities, demand, product developments, revenue generation and sales in controlled release fertilizer market across the globe.
A comprehensive estimate on controlled release fertilizer market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of controlled release fertilizer during the forecast period. Price point comparison by region with global average price is also considered in the study.
Controlled Release Fertilizer Market: Analysis on Market Size Evaluation
Controlled release fertilizer market has been analyzed for each market segment, in terms of volume (Kilo tons) and value (US $ Mn).
Market estimates at global and regional levels for controlled release fertilizer is available in terms of “US$ Mn” for value and in “kilo tons” for volume. A Y-o-Y growth contrast on prominent controlled release fertilizer market segments, along with the market attractiveness evaluation has been incorporated in the report.
Furthermore, the absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve along with identifying potential resources, considering sales and distribution perspective in the global controlled release fertilizer market.
Controlled Release Fertilizer Market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the controlled release fertilizer report, which have helped to deliver projection on the regional markets. These chapters include the regional macros (political economic, and business environment outlook), which are expected to have a momentous influence on the growth of controlled release fertilizer market during the forecast period.
Country-specific valuation on demand for controlled release fertilizer has been offered for each regional market, along with the market scope estimate and forecast, price index, and impact analysis of dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value & volume for emerging countries has also been included in the report.
Controlled release fertilizer Market: In-depth Analysis on Competitive Landscape
The report sheds light on the leading manufacturers of the controlled release fertilizer along with their detailed profiles. Essential and Up-to-date data information related to the market performers, who are principally engaged in the production of the controlled release fertilizer, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to take preemptive steps in advancing their businesses.
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