Controlled-release Fertilizers Market Research Insights
The Global Controlled-release Fertilizers Market is estimated to be worth USD 3.09 Billion by 2027, registering a 6.53% CAGR during the forecast period (2020- 2027).
Controlled and slow-release fertilizers are fertilizers that release nutrients over a long period as compared to conventional fertilizers. These types of fertilizers are manufactured either by the condensation reaction or by encapsulation or coating of the fertilizers granule with polymers, sulfur, and other kinds of coatings. The span of the controlled and slow-release fertilizers is dependent on their water solubility, the permeability of the coating, and the temperature of the soil where it's used. The slow and controlled release of nutrients helps plants cultivate efficiently, thereby resulting in evolved yields.
Boost the adoption of the modern agriculture method practice and the rearing awareness to save the environment and to protect the soil from being polluted by applying tones of fertilizers this Controlled- Release Fertilizers request Size has augmented the demand and safeguarded the crop yield this kind of fertilizers are applied.
Controlled and slow-release fertilizers are normally used as specialty fertilizers in applications, similar to agricultural applications, lawn & turf, fruits and vegetables, nurseries, and gardens, among others. Therefore, the agriculture industry will clench a dominant share in the demand for controlled and slow-release fertilizers. Boosting penetration of controlled and slow-release fertilizers in the developing markets is expected to provide impetus to the growth of the controlled and slow-release fertilizers market during the forecast period.
Key players
The global Controlled-release Fertilizers Market’s prominent key players are BASF SE (Germany), Yara International (Norway), Haifa Chemicals Ltd. (Israel), Koch Industries (US), Scottsmiracle-Gro (US), Compo Expert GmbH (Germany), Agrium (Canada), Jcam Agri. (Japan), Helena Chemical (US), ICL (Israel), Kingenta (China) and SQM (Chile).
Market Segmentation
The global Controlled-release Fertilizers Market overview is segmented into the following types;
By crop type
Cereals & grains
- Corn
- Wheat
- Rice
Oilseeds & pulses
- Soybean
- Canola
Fruits & vegetables
- Root & tuber crops
- Brassicas
- Citrus fruits
Plantation crops
Turf & ornamentals
Other
By application type
- Foliar application
- Fustigation
- Other
By product type
Slow-release
- Urea-formaldehyde
- Urea-isobutyl aldehyde
- Urea-acetaldehyde
- Other
Coated & encapsulated
- Sulphur coatings
- Polymer coatings
- Sulphur-polymer coatings
- Other
Nitrogen stabilizers (N-Stabilizers)
- Nitrification inhibitors
- Urease inhibitors
Regional Analysis
The Global Controlled-release Fertilizers Market is divided into five regions; North America, Asia Pacific, Europe, Latin America and the Middle East & Africa.
North America led the global controlled-release fertilizers market insights over the past few years and is anticipated to witness stagnant growth over the forecast period owing to the mature agricultural sector. The U.S. was the commanding consumer market for controlled-release fertilizers in the region followed by Canada.
Asia Pacific is expected to have the fastest regional controlled-release fertilizers market size over the forecast period owing to the high level of technological upgrades in the agricultural sector, especially in economies similar to Japan, India, and China. Also, the decline in per hectare agricultural land availability in nations such as India as a result of escalating commercial spaces is expected to positively impact controlled-release fertilizers over the next few years.
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