Controlled Release Fertilizers Market Size, Share, Growth Report 2030

Global Controlled Release Fertilizers Market: Overview

According to the report published by Zion Market Research, global demand for the 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.

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.

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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 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 occupations 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 the global market growth. Moreover, increase agricultural yield and reduced labor efforts by farmers are anticipated to boost 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 into 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. The 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.

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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

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of The Middle East & Africa