Controlled Release Fertilizers Market: Global Industry Size, Share, Trends, Growth, Opportunities and Forecast 2022-2027
The latest research studyControlled Release Fertilizer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027by IMARC Group, finds that the global controlled release fertilizer market size reached US$2.75 billion in 2021. Looking ahead, IMARC Group expects the market to reach a value of US$3.95 billion by 2027 growing at a CAGR of 6.10% in 2022-2027.
Impact of Covid-19:
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
Industry definition and application:
Controlled Release Fertilizers (CRF) are granular substances that gradually release nutrients into the soil. They increase the nutrient supply capacity of crops while reducing health and environmental risks, which is useful in horticulture, agriculture and forestry. FRCs also reduce labor costs by eliminating the need to monitor and combine water-soluble fertilizers and limiting the use of expensive injection equipment. They are easy to use, save time and provide several other benefits, including optimal plant development and minimal fertilizer losses. As a result, CRFs find wide applications in grains, cereals, pulses, oilseeds, cash crops, fruits and vegetables, etc.
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Controlled Release Fertilizer Market Trends and Drivers:
Decreasing share of fertile land per capita, owing to lack of nutrients, and rising demand for food and crops are majorly driving the controlled release fertilizer market. Additionally, the growing demands for products to improve soil properties and land productivity and the growing willingness of farmers to adopt sustainable agricultural practices, owing to unfavorable climatic conditions, are further increasing the growth of the market.
Additionally, the growing popularity of CRFs in turfgrass production to prevent nitrate deficiencies that can lead to grass yellowing and loss of vigor is also catalyzing the global market.
Apart from this, the development of latest technologies such as reverse suspension polymerization for the slow release of these substances is expected to propel the controlled release fertilizer market over the forecast period.
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| Scope of the Controlled Release Fertilizer Market Report | |
| Report cover | Details |
| Market size value in 2021 | US$2.75 billion |
| Market forecast in 2027 | US$3.95 billion |
| Rate of growth | CAGR of 6.10% from 2022 to 2027 |
| Base year for the estimate | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
| Report cover | Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends |
| Segments Covered | Type, shape and application. |
| Regional scope | North America, Europe, Asia-Pacific, Latin America, Middle East and Africa |
| Profiled Key Companies | AGLUKON Spezialduenger GmbH & Co. KG, COMPO Expert GmbH (Grupa Azoty SA), DeltaChem GmbH, Haifa Group, ICL Group Ltd., JNC Corporation, Kingenta Ecological Engineering Co. Ltd., Mivena BV, Nufarm, Sociedad Química y Minera de Chile SA, The Mosaic Company and Yara International ASA. |
| Market dynamics | Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period, |
| Personalization area | If our report does not include the data you are looking for, you can contact our analysts and customize the segments. |
Report segmentation:
The report has segmented the market into the following categories:
Breakdown by type:
- Condensation products of urea and aldehydes
oh Urea Formaldehyde (UF)
oh Isobutylidenediurea
oh Crotonylidene diurea
- Coated and encapsulated fertilizers
oh Sulfur Coated Fertilizers
oh Polymer Coated Fertilizers
oh Sulfur Polymer Coated Fertilizers
oh Others
Breakdown by form:
Breakdown by application:
- Grains and Cereals
- Pulses and oilseeds
- cash crops
- Fruits and vegetables
- Lawn and ornamental plants
- Others
By geography:
- North America
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
List of major key players:
The major market players are AGLUKON Spezialduenger GmbH & Co. KG, COMPO Expert GmbH (Grupa Azoty SA), DeltaChem GmbH, Haifa Group, ICL Group Ltd., JNC Corporation, Kingenta Ecological Engineering Co. Ltd., Mivena BV, Nufarm, Sociedad Química y Minera de Chile SA, The Mosaic Company and Yara International ASA.
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