Controlled Release Fertilizers Market

Controlled Release Fertilizers Market is segmented By Nutrient Type (Nitrogen CRFs, NPK CRFs, Secondary Nutrients), By Coating Type (Sulfur Coated, Polymer Coated, Others), By Mode of Application (Foliar, Soil-Applied), By End-User (Agricultural, Non-Agricultural), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

Controlled release fertilizer is a specialty fertilizer that enables a gradual supply of nutrients to the plant in adequate dosages. This has evolved as the most reliable mode of providing nutrients in both food and cash crops owing to its efficacy in meeting adequate plant requirements. This is accomplished by proper coating or encapsulation of the nutrients in a flexible polymer.

Controlled Release Fertilizers Market is predicted to reach a high CAGR of 7.8% during the forecast period (2022-2029).

Controlled Release Fertilizers Market

Metrics	Details
Market CAGR	7.8%
Segments Covered	By Nutrient Type, By Coating Type, By Mode of Application, By End-User, 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

Controlled Release Fertilizers Market Dynamics:

The need for crop nutrition has been rising in both food and commercial crops to increase food production and quality of produce. United Nations’ Food and Agriculture Organization estimated the world will need to grow 50% more food by 2050 to feed an anticipated population of 9 billion people. Nearly one-third of the world’s adequate or high-quality food-producing land has been degraded due to soil erosion resulting from the continual ploughing of fields and over-cultivation. The growing demand for food and depletion of arable land is forcing the farming communities to produce most out of limited resources, thus boosting the need for use of fertilizers. The incorporation of fertilizers witnessed significant growth in fruits and vegetables, cereals, grains, and all other farming practices. However, it is difficult to match the nutrient requirements of plants, and the use of these commodity fertilizers witnesses loss of nutrients into groundwater and the atmosphere. It is estimated that, on average, 16% of conventional nitrogen-based fertilizers is lost to evaporation, as NH3, N2O, N2, or runoff ammonia. These factors led to the development of specialty fertilizers like controlled-release fertilizers that through their precise formulation balanced crop nutrition in plants.

Global demand for fertilizers is all set to reach 200 Mt in the forecast period. The growing awareness of CRFs is likely to increase the share of CRFs to nearly 10% owing to their high use potential in cereals and grains. With controlled release fertilizers, the release of nutrients from these product groups occurs through diffusion mechanism and is solely dependent on soil temperature, which means it more closely matches the crop’s nutrient requirement in terms of quantity and timing during the main growing season, thus making it suitable for use in high altitude farmlands and under unfavorable farming conditions The higher absorption efficiency, resulting economic and ecological benefits are the primary factors driving the growth of controlled-release fertilizers

However, the high cost of CRFs is the primary factor hindering the growth of these material groups. The price per unit of nitrogen is nearly 40% higher for ESN than for conventional urea, which makes it difficult for farmers, especially in developing countries, to adapt.

Covid-19 Impact:

While the global trade came to halt during the lockdowns imposed to control the spread of novel coronavirus, the food and agriculture industry has been impacted by severe freight challenges. The sales in the food industry, particularly in foodservice and HoReCas declined. This weakened business globally imposed a negative impact on the industry. Most of the agricultural and agrochemical products categories including specialty fertilizers like controlled-release fertilizers witnessed a decline in sales volume due to lack of demand and supply chain disruptions. Asia, Europe, and North America, which are among the most affected regions due to covid 19, are also the most dominant markets for the CRF market. This further impacted the market negatively. Adding to it, the CRFs require higher investments than commodity fertilizers, which the farmers, struck by lack of sales weren’t willing to spend. Even from the production side, the R&D was halted which affected the growing controlled-release fertilizers market, more than others in the industry.

Controlled Release Fertilizers Market Segmentation:

Environmentally Smart Nitrogen (ESN) is significantly raising its prominence among farming communities owing to its limited impact on the environment and the economic benefits offered. The flexible, polymer coating allows moisture to pass through it, dissolve nitrogen inside, and then release that nitrogen when the crop needs it which not only increases nitrogen intake by the plant but also reduces nitrate leaching into the atmosphere, which is harmful to the environment.

By end-use, CRFs are classified into agriculture and non-agriculture. Non-agriculture use leads the market owing to the increasing usage in golf courses, lawns, and sports fields, which attributes to the 60% of CRF market in North America. The higher cost per unit of nitrogen of CRFs is preventing farmers to adapt to large farms in this region as it’ll hugely increase the initial investment. Multicote (Haifa Group), DURATION CR (Koch Turf & Ornamental), and POLYON (Nu-Tec Specialty Products) are leading in the global market for non-agricultural practices.

Geographical Penetration:

By geography, the Asia Pacific region is dominating in the sales of controlled-release fertilizers owing to the demand for crop nutrition practices in countries such as China and India. In India, it is estimated that the percentage of agricultural workers of the total workforce would drop to 25.7% by 2050 whereas the total population is expected to grow to 1.64 billion. The growing practice of precision farming to enhance water efficiency owing to the increasing food demand and decreasing resources is boosting the need for specialty fertilizers like CRFs in this region. Adding to this, the government of India is promoting the use of CRFs and providing financial assistance under New Pricing Schemes on these agrochemicals, thus bolstering the market growth

Global Controlled Release Fertilizers Market Value Share (%), By Geography, 2020

Competitive landscape:

The global controlled release fertilizers (CRF) market is highly consolidated with the top 5 companies accounting for over 60% of global sales. Kingenta Ecological Engineering Co., LTD., Israel Chemicals Ltd., Haifa Group, and The Scotts Miracle-Gro Company are dominating the global controlled-release fertilizers market.

Haifa Group:

Haifa Group is a multinational corporation and a globally leading supplier of specialty fertilizers, including agricultural and industrial grade potassium nitrate. Haifa owns three production facilities in Israel, France, and the US. With 16 subsidiaries, Haifa Group’s global operations span across 5 continents in over 100 countries.

Product Portfolio of Haifa Group:

Water Soluble Fertilizers

Controlled Release Fertilizers

Complex Fertilizers

Biostimulants

Other Specialty Fertilizers

Industrial Chemicals

• In February 2021, Haifa Group signed an agreement with AgrIOT, in which Haifa will invest in AgrIOT around $2M against nearly 30% of the company and global exclusive distribution rights. The revolutionary technology developed by AgrIOT integrates science and technology and enables the identification of nutrient deficiencies in the three main nutrients essential to plant health (nitrogen, phosphorus, and potassium).
• In December 2020, Haifa Group and Saipem signed a contract for the building of an ammonia plant in Israel. The facility, which involves an investment of over $ 200 million, is expected to produce about 100,000 tons of ammonia a year and its construction will take about three years.

Other key players include Koch Turf & Ornamental, COMPO EXPERT, Agrium Inc., Helena Chemicals, Tagrow Co., Ltd., The Chisso Corporation.

Why Purchase the Report?

• Understand the current market scenario and viability of controlled release fertilizers over the forecast period.
• Visualize the composition of the Global Controlled Release Fertilizers Market in terms of type, end-use and mode of application to identify major players, growth potential, and market strategies
• Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
• Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining to the market

What we offer?

• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Excel data sheet with valuable data points of the Global Controlled Release Fertilizers Market – Regional and Country level segmentation
• Product mapping in excel for the key products of all major market players
• Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

Target Audience:

• Agrochemical Companies
• Fertilizer Distributors and Dealers
• Farming and Growers communities
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Research Professionals

Frequently Asked Questions

What is the Projected CAGR value of the Controlled Release Fertilizers Market?

Controlled Release Fertilizers Market is expected to grow at a CAGR of 7.8% during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

North America region Controls the Controlled Release Fertilizers Marketduring 2022-2029.

Which is the fastest growing region in the Controlled Release Fertilizers Market?

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

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