Blogs
on July 5, 2024
The latest report by IMARC Group, titled “Controlled Release Fertilizer Market Report by Type (Condensation Products of Urea and Aldehydes, Coated and Encapsulated Fertilizers, and Others), Form (Granular, Liquid, Powder), Application (Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, Turf and Ornamentals, and Others), and Region 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on the market. The global controlled release fertilizer market size reached US$ 3.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.0 Billion by 2032, exhibiting a growth rate (CAGR) of 5.3% during 2024-2032.
Factors Affecting the Growth of the Controlled Release Fertilizer Industry:
- Increasing Demand for Food Security:
The burgeoning global population is exerting tremendous pressure on agricultural systems to enhance productivity and ensure food security. Controlled release fertilizers (CRFs) play a pivotal role in this context by offering a sustained and efficient supply of nutrients to crops. Unlike conventional fertilizers, CRFs release nutrients gradually over an extended period, matching the nutrient uptake patterns of plants. This efficient nutrient management reduces the frequency of fertilizer applications, minimizes nutrient losses through leaching and volatilization, and ultimately leads to higher crop yields. Moreover, the ability of CRFs to enhance nutrient use efficiency is particularly critical in regions with nutrient-deficient soils, where maximizing the effectiveness of every fertilizer application is essential to boost agricultural output. As food security remains a paramount global concern, the demand for advanced agricultural inputs such as CRFs is expected to rise steadily, driving market growth.
- Environmental Sustainability and Regulatory Compliance:
Environmental sustainability is a significant driver of the controlled release fertilizer market. Traditional fertilizers often contribute to environmental degradation through nutrient runoff, leading to water pollution, eutrophication, and greenhouse gas emissions. CRFs address these issues by releasing nutrients in a controlled manner, reducing the risk of environmental contamination. The use of CRFs aligns with the increasing regulatory pressures aimed at promoting sustainable agricultural practices and mitigating environmental impacts. Governments and environmental agencies worldwide are implementing stringent regulations on fertilizer use to curb pollution and encourage sustainable farming. For instance, the European Union’s Common Agricultural Policy and various U.S. federal and state regulations are pushing for the adoption of eco-friendly fertilizers. As farmers and agricultural enterprises seek to comply with these regulations and adopt sustainable practices, the demand for CRFs is anticipated to grow. The shift toward sustainable agriculture helps in preserving natural resources and also enhances the marketability of agricultural products, thereby driving the market for CRFs.
- Technological Advancements and Innovations:
Technological advancements in the formulation and manufacturing of controlled release fertilizers are crucial drivers of market growth. Innovations such as polymer-coated fertilizers, nanotechnology-based delivery systems, and bio-based release mechanisms are revolutionizing the CRF market. These advanced formulations provide precise nutrient delivery tailored to the specific needs of different crops and soil conditions. For instance, polymer-coated fertilizers can be engineered to release nutrients at specific rates and timings, improving nutrient uptake efficiency and reducing wastage. Similarly, nanotechnology enables the development of fertilizers with superior release characteristics and enhanced nutrient bioavailability. Bio-based release mechanisms, which utilize organic materials to control nutrient release, offer environmentally friendly alternatives to synthetic coatings. These technological innovations improve the performance and efficiency of CRFs and reduce production costs, making them more accessible to a broader range of farmers.
For an in-depth analysis, you can request a sample copy of the report: https://www.imarcgroup.com/controlled-release-fertilizer-market/requestsample
Competitive Landscape:
The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.
- 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 Química y Minera de Chile S.A.
- The Mosaic Company
- Yara International ASA
Controlled Release Fertilizer Market Report Segmentation:
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
Coated and encapsulated fertilizers dominate the market due to their superior ability to precisely control nutrient release rates, enhancing efficiency and reducing environmental impact compared to other fertilizer types.
By Form:
- Granular
- Liquid
- Powder
Based on the form, the market has been divided into granular, liquid, and powder.
By Application:
- Grains and Cereals
- Pulses and Oilseeds
- Commercial Crops
- Fruits and Vegetables
- Turf and Ornamentals
- Others
On the basis of the application, the market has been segmented into grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables, turf and ornamentals, and others.
Regional Insights:
- 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
North America's dominance in the controlled release fertilizer market is attributed to its advanced agricultural practices, high adoption of innovative farming technologies, and stringent environmental regulations promoting sustainable agriculture.
Global Controlled Release Fertilizer Market Trends:
The increasing awareness about the importance of maintaining soil health and fertility is a significant factor driving the global controlled release fertilizer market. Healthy soil is essential for sustainable agricultural productivity, and it relies heavily on a balanced supply of nutrients. Controlled release fertilizers help maintain this balance by providing a steady nutrient supply, which helps improve soil structure, enhance microbial activity, and prevent nutrient depletion. As farmers and agricultural experts become more educated about the long-term benefits of soil health, they are more likely to adopt CRFs as part of their nutrient management strategies. This growing emphasis on soil health is crucial for preserving agricultural land, ensuring long-term productivity, and supporting sustainable farming practices.
Ask Analyst for Customization: https://www.imarcgroup.com/request?type=report&id=5831&flag=C
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
Posted in: Business