According to the report published by Zion Market Research, global demand for controlled release fertilizers market was valued at approximately USD 2,200 Million in 2019 and is expected to generate revenue of around USD 3,500 Million by end of 2026, growing at a CAGR of around 6% between 2020 and 2026.
According to the report published by Zion Market Research, global demand for controlled release fertilizers market was valued at approximately USD 2,200 Million in 2019 and is expected to generate revenue of around USD 3,500 Million by end of 2026, growing at a CAGR of around 6% between 2020 and 2026.
Global Controlled Release Fertilizers Market: Overview
Modernized machinery is used by farmers to increase the farm's productivity. People prefer controlled release fertilizers to maintain a consistent supply of grains because of the growing effects of global warming and lack of rainfall on agriculture. Factors such as people struggling with the problem of food security and the challenge of meeting food demand and overpopulation, on the other hand, have led farmers to increase their yield by using controlled release fertilizers to a large extent. Because of increasing urbanization, the degradation of productive land, and the increasing usage of land for other uses, the decline in agricultural yields has raised a difficult issue.
Global Controlled Release Fertilizers Market: Growth Factors
Escalating demand for high-value food items and a rise in disposable incomes have created a massive demand for food. Farmers focusing on the usage of modernized equipment to cater to the ever-increasing and diversifying needs of the consumers will push the demand for controlled-release fertilizers in the future. Conversely, the unpredictable nature of the climate may restrain the globally controlled-release fertilizers market growth to some extent. However, many people are accepting other occupation than farming; hence, this may act as a major challenge before the global controlled-release fertilizers market. Increasing awareness among farmers regarding the harmful effects of fertilizers on the environment has resulted in increased adoption of advanced controlled-release fertilizers fostering global market growth. Moreover, increase agricultural yield and reduced labor efforts by farmers are anticipated to boost the global market growth in the near future.
Global Controlled Release Fertilizers Market: Segmentation
Based on products such as polymer sulfur coated urea/sulfur coated urea, polymer-coated urea, polymer-coated NPK fertilizer, and another micronutrient, the worldwide controlled-release fertilizer market is bifurcated. Of these, the world's leading category is polymer sulfur coated urea/sulfur-coated urea. In the near future, this is projected to acquire exceptional momentum. Due to labor-saving features, resource-saving capacity, and being environmentally friendly, the market for polymer sulfur-coated urea/sulfur-coated urea is growing. In addition to this based on the application, the market is split into fertigation, foliar application, soil, and others. Moreover, on the basis of the end-use market is further bifurcated in agriculture and non-agriculture categories.
Global Controlled Release Fertilizers Market: Regional Analysis
The global controlled-release fertilizers market is segmented based on geography as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The Asia Pacific is the dominating region for controlled release fertilizers across the world. Major countries in this region possess agro-based economies. Asia-Pacific region is anticipated to grow further owing to increasing demand from developing economies such as India, China, and Thailand. China has a higher consumption of controlled release fertilizers due to the increasing population base. Polymer sulfur coated urea/sulfur-coated urea is extensively used in the Asia Pacific. However, people are less aware of the benefits of these fertilizers, and high prices may discourage people in this region.
Global Controlled Release Fertilizers Market: Competitive Players
Some of the important players in the worldwide controlled-release fertilizers market are Shikefeng Chemical Industry, AgroBridge, Compo GmbH & Co. KG, Agrium Inc., Ekompany, Agrium Inc., ATS Group, Haifa Chemicals Ltd,and Greenfeed Agro Sdn. Bhd.
Controlled Release Fertilizers Market: Regional Segment Analysis
List of Figures
FIG NO. 1 Research Methodology
FIG NO. 2 Market Research Process
FIG NO. 3 Secondary Research
FIG NO. 4 Company Share Analysis Model
FIG NO. 5 Revenue Based Model
FIG NO. 6 Primary Research
FIG NO. 7 Global Controlled Release Fertilizers Market, Volume (Kilo Tons) and Revenue (USD Million), 2016 - 2026
FIG NO. 8 Porter’s Five Forces Analysis for Global Controlled Release Fertilizers Market
FIG NO. 9 Global Controlled Release Fertilizers Market Revenue Share (%) by Product, 2019 & 2026
FIG NO. 10 Global Controlled Release Fertilizers Market by Polymer Sulfur Coated Urea/Sulfur Coated Urea, Volume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
FIG NO. 11 Global Controlled Release Fertilizers Market by Polymer-Coated Urea, Volume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
FIG NO. 12 Global Controlled Release Fertilizers Market by Polymer-Coated NPK Fertilizer, Volume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
FIG NO. 13 Global Controlled Release Fertilizers Market by Other Micronutrients, Volume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
FIG NO. 14 Global Controlled Release Fertilizers Market Revenue Share (%) by Product, 2019 & 2026
FIG NO. 15 Global Controlled Release Fertilizers Market by Fertigation, Volume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
FIG NO. 16 Global Controlled Release Fertilizers Market by Foliar application, Volume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
FIG NO. 17 Global Controlled Release Fertilizers Market by Soil, Volume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
FIG NO. 18 Global Controlled Release Fertilizers Market by Other modes of application, Volume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
FIG NO. 19 Global Controlled Release Fertilizers Market Revenue Share (%) by Product, 2019 & 2026
FIG NO. 20 Global Controlled Release Fertilizers Market by Agriculture, Volume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
FIG NO. 21 Global Controlled Release Fertilizers Market by Non-agriculture, Volume (Kilo Tons) and Revenue (USD Million), 2016 – 2026
FIG NO. 22 North America Controlled Release Fertilizers Market, (Kilo Tons), (USD Million) 2016 - 2026
FIG NO. 23 Europe Controlled Release Fertilizers Market, (Kilo Tons), (USD Million) 2016 - 2026
FIG NO. 24 Asia Pacific Controlled Release Fertilizers Market, (Kilo Tons), (USD Million) 2016 - 2026
FIG NO. 25 Latin America Controlled Release Fertilizers Market, (Kilo Tons), (USD Million) 2016 - 2026
FIG NO. 26 The Middle-East and Africa Controlled Release Fertilizers Market, (Kilo Tons), (USD Million) 2016 - 2026
List of Tables
Table 1 North America Controlled Release Fertilizers Market, Volume (Kilo Tons) by End-Use, 2016 – 2026
Table 2 North America Controlled Release Fertilizers Market Revenue (USD Million) by End-Use, 2016 – 2026
Table 3 Europe Controlled Release Fertilizers Market, Volume (Kilo Tons) by Product, 2016 – 2026
Table 4 Europe Controlled Release Fertilizers Market Revenue (USD Million) by Product, 2016 – 2026
Table 5 Europe Controlled Release Fertilizers Market, Volume (Kilo Tons) by Application, 2016 – 2026
Table 6 Europe Controlled Release Fertilizers Market Revenue (USD Million) by Application, 2016 – 2026
Table 7 Europe Controlled Release Fertilizers Market, Volume (Kilo Tons) by End-Use, 2016 – 2026
Table 8 Europe Controlled Release Fertilizers Market Revenue (USD Million) by End-Use, 2016 – 2026
Table 9 Asia Pacific Controlled Release Fertilizers Market, Volume (Kilo Tons) by Product, 2016 – 2026
Table 10 Asia Pacific Controlled Release Fertilizers Market Revenue (USD Million) by Product, 2016 – 2026
Table 11 Asia Pacific Controlled Release Fertilizers Market, Volume (Kilo Tons) by Application, 2016 – 2026
Table 12 Asia Pacific Controlled Release Fertilizers Market Revenue (USD Million) by Application, 2016 – 2026
Table 13 Asia Pacific Controlled Release Fertilizers Market, Volume (Kilo Tons) by End-Use, 2016 – 2026
Table 14 Asia Pacific Controlled Release Fertilizers Market Revenue (USD Million) by End-Use, 2016 – 2026
Table 15 Latin America Controlled Release Fertilizers Market, Volume (Kilo Tons) by Product, 2016 – 2026
Table 16 Latin America Controlled Release Fertilizers Market Revenue (USD Million) by Product, 2016 – 2026
Table 17 Latin America Controlled Release Fertilizers Market, Volume (Kilo Tons) by Application, 2016 – 2026
Table 18 Latin America Controlled Release Fertilizers Market Revenue (USD Million) by Application, 2016 – 2026
Table 19 Latin America Controlled Release Fertilizers Market, Volume (Kilo Tons) by End-Use, 2016 – 2026
Table 20 Latin America Controlled Release Fertilizers Market Revenue (USD Million) by End-Use, 2016 – 2026
Table 21 The Middle-East and Africa Controlled Release Fertilizers Market, Volume (Kilo Tons) by Product, 2016 – 2026
Table 22 The Middle-East and Africa Controlled Release Fertilizers Market Revenue (USD Million) by Product, 2016 – 2026
Table 23 The Middle-East and Africa Controlled Release Fertilizers Market, Volume (Kilo Tons) by Application, 2016 – 2026
Table 24 The Middle-East and Africa Controlled Release Fertilizers Market Revenue (USD Million) by Application, 2016 – 2026
Table 25 The Middle-East and Africa Controlled Release Fertilizers Market, Volume (Kilo Tons) by End-Use, 2016 – 2026
Table 26 The Middle-East and Africa Controlled Release Fertilizers Market Revenue (USD Million) by End-Use, 2016 – 2026
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Modern ways are used by farmers to increase the farm's productivity. People prefer controlled release fertilisers to maintain a consistent supply of grains because of the growing effects of global warming and lack of rainfall on agriculture.
According to Zion Market Research, the global demand for controlled release fertilizers market is expected to generate revenue of around USD 3,500 Million by end of 2026, growing at a CAGR of around 6% between 2020 and 2026.
The Asia Pacific is the dominating region for controlled release fertilizers across the world. Major countries in this region possess agro-based economies. Asia-Pacific region is anticipated to grow further owing to increasing demand from developing economies such as India, China, and Thailand. China is a higher consumption of controlled release fertilizers due to the increasing population base.
Some main participants of the controlled release fertilizers market are Shikefeng Chemical Industry, AgroBridge, Compo GmbH & Co. KG, Agrium Inc., Ekompany, Agrium Inc., ATS Group, Haifa Chemicals Ltd, and Greenfeed Agro Sdn. Bhd, among others.
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