Coated Urea Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DM2273 | Last Updated On: Oct 28 2022 | Available Formats

> Global Coated Urea Market Expected to reach a high CAGR by 2029: DataM Intelligence

Global Coated Urea Market is segmented By Type (Polymer Coated Urea, Sulphur Coated Urea, Others), By Release Rate (Slow-Release, Controlled-Release, Stabilized-Release), By Application (Agriculture Crops, Lawn & Landscape Maintenance, Nurseries, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The "Global Coated Urea Market" is expected to grow at a high CAGR during the forecasting period (2022-2029).

Coated Urea Market Scope

Metrics

Details

Market CAGR

High

Segments Covered

By Type, By Release Rate , By Application, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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Urea is widely used as a nitrogen fertilizer in agricultural activities. It is highly soluble in water, which makes it useful for liquid applications. It has a much lower risk of fertilizer burn than chemicals such as ammonium nitrate and calcium cyanide. Coated urea is a controlled fertilizer containing less-soluble chemicals such as sulfurs, polymers, and others.   The key benefits of utilizing coated urea for agricultural purposes including slowing down the nitrification of urea, enhanced yield, and decreased urea requirement. Minimal and effective urea distribution to the plants led to a shift in farmer interests towards coated urea from generic urea. Raw urea completely dissolves in 30 min, while 27% of it’s released from coated urea.

Market Dynamics:

Rising concerns over sustainability and input cost minimization in agricultural sectors is the primary factor driving the global coated urea market during the forecast period. Over the years, the significant utilization of coated urea in agricultural production has seen increased yield and soil fertility rates. The farmers across the major agricultural producing nations such as India, China, and United States are increasingly inclining towards coated urea in regular agricultural practices due to its extensive availability and low-cost fertilizer properties. One of India's major agricultural producing nations has seen a rise in urea consumption from 6 million tons in 1980 to 30 million tons in 2017. The government organization and agricultural corporative societies reduce the pricing by including subsidies and financing services to boost coated urea consumption in agricultural activities. Additionally, the agricultural corporative focuses on developing low-cost, high production yield and zero environmental pollution producing coated urea such as neem coated urea to contribute to farmers' growth and reduce environmental pollution.

However, stringent government regulations over usage of urea for agricultural production and shift in agricultural practices towards organic farming are major factors hindering the growth of coated urea market globally during the forecast period.  

Market Segmentation

The Global coated urea market is segmented based on release rate into slow-release, controlled-release, and stabilized release.

Slow-release coated urea is expected to dominate the global coated urea market due to its economic and technical advantages over conventional urea, including improved fertilizer utilization efficiency, reduced fertilization frequency, and reduced impact on the environment. Slow-release coated urea is widely used to reduce environmental pollution derived from excessive nutrients.   Bio-compounds such as cellulose, starch, chitosan, and other superabsorbents have been widely used in SRF due to their renewability and biodegradability.  The non-degradability and non-renewability of synthetic polymers, coupled with environmental pollution and additional manufacturing cost, hinder the growth of the slow-release segment in the global coated urea market during the forecast period.

Geographical Presentation

By region, the global coated urea market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa.

Asia-Pacific dominates the global coated urea market due to high agricultural producing countries such as India, China and growing adoption of minimally environmentally effective coated urea to boost the crop yield and low environmental pollution across the farming communities in Asia-Pacific during the forecast period. The neem-coated urea adoption across India is growing at a higher pace during the last few years due to stringent government regulations to restrict Sulphur coated/polymer-coated production to reduce the environmental effect of overutilization of respective fertilizers in agricultural production. Since 2015, there has been a significant increase in government policies and incentives to boost neem-coated urea's domestic consumption activities. Annually, India has a demand for more than 30 million tons, of which 70% of its domestically produced and the rest is imported from other countries. In January 2015, the urea manufacturers were instructed by the Indian government to increase the domestic neem coated urea production percentage from 35% to 75%.

Competitive Analysis

The majority of the coated urea sales in India are operated through government organizations and agricultural cooperatives. In January 2020, the Government of India had initiated the project of reviving the five closed plants to reduce the dependency on urea imports from other countries.

The five plants are located at Talcher in Odisha, Ramagundam in Andhra Pradesh, Gorakhpur in Uttar Pradesh, Sindri in Jharkhand, and Barauni in Bihar.

Some of the key players in the global coated urea market include Hanfeng Evergreen, Fertco Fertilisers, Spic, Coromandel International Limited, are among many others.

Why Purchase the Report?

  • Visualize the composition of the global coated urea market in terms of Type, release rate, and application highlighting the key commercial assets and players.
  • Identify commercial opportunities in the global coated urea market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of global coated urea market-level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

**The global coated urea report will provide approximately 58 market data tables, 53 figures, and 180 pages.

Target Audience

  • Investors/Investment Bankers
  • Coated Urea manufacturers
  • Agricultural Co-Operatives
  • Urea Corporations
  • Research Organizations

Frequently Asked Questions

What is the Projected CAGR value of the Coated Urea Market?

Coated Urea Market is expected to grow at a CAGR of high during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

North America region Controls the Coated Urea Market during 2022-2029.

Which is the fastest growing region in the Coated Urea Market?

Among all regions, Asia Pacific is the fastest growing market share during the forecast period.

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