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Published Date: 2016-04-19Number of Pages: 201

Controlled Release Fertilizers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Pressure to Increase Yield Raises Demand for Controlled Release Fertilizers

The depleting arable land due to rapid urbanization and growing usage of land for reasons other than agriculture has raised a worrying question about reductions in the agricultural yield. With nations struggling to cope with issues of food security, it has become increasingly difficult to keep up with growing demand for food and overpopulation. In a bid to solve these problems, farmers have increased their uptake of controlled release fertilizers, which promise a rise in the yield. Owing to this very reason, the demand for controlled release fertilizers has been in top gear. Additionally, as the youth is seeking occupations other than farming, it has left several nations in a lurch, causing a decline in the number of farmhands and thereby negatively impacting the yield. Thus, to save the laborious efforts, increase the agricultural yield, and to reduce the harmful effects of fertilizers on the environment, several farmers as investing in advanced controlled release fertilizers. 

According to the research report, the global controlled fertilizers market was worth US$2.41 bn in 2015 and is expected to reach a valuation of US$3.92 bn by 2024. Between the years of 2016 and 2024, the global market is anticipated to expand at a CAGR of 5.6%. The rising disposable incomes have also led a tremendous increase in the demand for high-value food items, thereby generating a massive demand for food in general.

As farmers are also modernizing their equipment in a bid to cater to the ever growing and diversifying needs of the consumers, they are likely to push the demand for controlled release fertilizers upwards. The unpredictable nature of the climate has also proved to be a critical component in the burgeoning demand for controlled release fertilizers. To avert stagnancy in crop cultivation due to climate changes, lack of rainfall, and effect of global warming on agriculture, farmers are turning to controlled release fertilizers to maintain a consistent supply of grains.

controlled-release-fertilizers-market

 

Agro-Based Economies of Asia Pacific Keep Region in the Lead

Asia Pacific has had a dominant share in the global controlled release fertilizers market as majority of the countries in this region have agro-based economies. According to the report, the Asia Pacific controlled release fertilizers market is expected to expand at a CAGR of 6.7% in terms of volume. This demand will be led by China due to a huge population base and an obvious demand to fulfill the growing demand for food items. It was observed that polymer sulfur coated urea/sulfur coated urea products were extensively used across Asia Pacific as compared to other products. However, this regional market faces a tough restraint of lack of awareness amongst farmers about benefits of these fertilizers. The market is also being discouraged due to the high prices of controlled release fertilizers in price-sensitive countries of Asia Pacific.

Demand for Polymer Sulfur Coated Urea/Sulfur Coated Urea Remains High due to its Resource Saving Abilities

On the basis of products the global controlled release fertilizers market has been segmented into polymer coated urea, polymer sulfur coated urea/sulfur coated urea, polymer coated NPK fertilizer, and others such as coated micronutrients. Of these, the polymer sulfur coated urea/sulfur coated urea products are gaining exceptional momentum in the global market. Analysts predict that this product will expand at a CAGR of 6.3% in terms of revenue. The demand for polymer sulfur coated urea/sulfur coated urea is growing due to its advantages such as being environment-friendly, labor saving characteristics, and resource saving abilities.

Some of the leading players in the global controlled release fertilizers are AgroBridge (Malaysia), Agrium Inc, ATS Group, Greenfeed Agro Sdn. Bhd, Agrium Inc, Haifa Chemicals ltd, Ekompany, Compo GMBH & Co. KG, and Shikefeng Chemical Industry. These players are focused on developing user-friendly fertilizers to appeal to a larger consumer base. Additionally, these companies will also look towards expanding their production bases as the demand for fertilizers increases in the near future.

Table of Content

Chapter 1 Preface
1.1 Report Description
1.2 Market Segmentation
1.3 Research Scope & Assumptions 
1.4 Research Methodology

Chapter 2 Executive Summary
2.1 Controlled Release Fertilizers Market, 2015 - 2024, (Tons) (US$ Thousand)
2.2 Controlled Release Fertilizers: Market Snapshot, 2015 & 2024 

Chapter 3 Controlled Release Fertilizers – Industry Analysis
3.1 Introduction
3.2 Value Chain Analysis
3.3 Market Drivers
     3.3.1 Growth in Population 
     3.3.2 Shift Toward Sustainable Agriculture
3.4 Restraints
     3.4.1 Lack of Awareness and High Cost Compared to Conventional Chemical Fertilizers
3.5 Opportunity
     3.5.1 Prospective Applications in Lawn & Garden Industry 
3.6 Porter’s Five Forces Analysis
     3.6.1 Bargaining Power of Suppliers
     3.6.2 Bargaining Power of Buyers
     3.6.3 Threat of New Entrants
     3.6.4 Threat of Substitutes
     3.6.5 Degree of Competition
3.7 Controlled Release Fertilizers Market: Market Attractiveness, by Application
3.8 Controlled Release Fertilizers Market: Market Attractiveness, by Country
3.9 Company Market Share Analysis (% Share, 2015)

Chapter 4 Price Trend Analysis
4.1 Controlled Release Fertilizers Market Price Trend Analysis, 2015–2024 (US$/Ton)

Chapter 5 Controlled Release Fertilizers Market – Product Analysis
5.1 Controlled Release Fertilizers Market: Product Analysis
5.2. Controlled Release Fertilizers Market for Polymer Sulfur Coated Urea/Sulfur Coated Urea, 2015 - 2024 (Tons) (US$ Thousand)
5.2. Controlled Release Fertilizers Market for Polymer Coated Urea, 2015 - 2024 (Tons) (US$ Thousand)
5.2. Controlled Release Fertilizers Market for Polymer Coated NPK Fertilizer, 2015 - 2024 (Tons) (US$ Thousand)
5.2. Controlled Release Fertilizers Market for Others, 2015 - 2024 (Tons) (US$ Thousand)

Chapter 6 Controlled Release Fertilizers Market – Application Analysis
6.1 Controlled Release Fertilizers Market: Application Analysis
6.2 Controlled Release Fertilizers Market for Cereals & Grains, 2015 - 2024 (Tons) (US$ Thousand)
6.2 Controlled Release Fertilizers Market for Oilseeds & Pulses, 2015 - 2024 (Tons) (US$ Thousand)
6.2 Controlled Release Fertilizers Market for Fruits & Vegetables, 2015 - 2024 (Tons) (US$ Thousand)
6.2 Controlled Release Fertilizers Market for Others, 2015 - 2024 (Tons) (US$ Thousand)

Chapter 7 Controlled Release Fertilizers - Regional Analysis
7.1 Controlled Release Fertilizers Market Volume Share by Region
7.1 North America 
7.1 North America Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.1 North America Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$ Thousand)
7.1 North America Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.1 North America Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$ Thousand)
7.1 U.S. Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.1 U.S. Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$ Thousand)
7.1 U.S. Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.1 U.S. Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$ Thousand)
7.1 Rest of North America Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.1 Rest of North America Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$ Thousand)
7.1 Rest of North America Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.1 Rest of North America Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$ Thousand)
7.2 Europe 
7.2 Europe Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.2 Europe Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$ Thousand)
7.2 Europe Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.2 Europe Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$ Thousand)
7.2 France Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.2 France Controlled Release Fertilizers Market Revenue, by Product,, 2015 – 2024 (US$ Thousand)
7.2 France Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.2 France Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$ Thousand)
7.2 Italy Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.2 Italy Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$ Thousand)
7.2 Italy Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.2 Italy Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$ Thousand)
7.2 UK Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.2 UK Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$ Thousand)
7.2 UK Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.2 UK Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$ Thousand)
7.2 Germany Controlled Release Fertilizers Market Volume, by Product,, 2015 – 2024 (Tons)
7.2 Germany Controlled Release Fertilizers Market Revenue, by Product,, 2015 – 2024 (US$ Thousand)
7.2 Germany Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.2 Germany Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$ Thousand)
7.2 Spain Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.2 Spain Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$ Thousand)
7.2 Spain Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.2 Spain Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$ Thousand)
7.2 Rest of Europe Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.2 Rest of Europe Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$ Thousand)
7.2 Rest of Europe Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.2 Rest of Europe Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$ Thousand)
7.3 Asia Pacific 
7.3 Asia Pacific Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.3 Asia Pacific Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$ Thousand)
7.3 Asia Pacific Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.3 Asia Pacific Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$ Thousand)
7.3 China Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.3 China Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$ Thousand)
7.3 China Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.3 China Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$ Thousand)
7.3 Japan Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.3 Japan Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$ Thousand)
7.3 Japan Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.3 Japan Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$ Thousand)
7.3 ASEAN Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.3 ASEAN Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$ Thousand)
7.3 ASEAN Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.3 ASEAN Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$ Thousand)
7.3 Rest of Asia Pacific Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.3 Rest of Asia Pacific Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$ Thousand)
7.3 Rest of Asia Pacific Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.3 Rest of Asia Pacific Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$ Thousand)
7.4 Latin America
7.4 Latin America Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.4 Latin America Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$ Thousand)
7.4 Latin America Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.4 Latin America Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$ Thousand)
7.4 Brazil Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.4 Brazil Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$ Thousand)
7.4 Brazil Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.4 Brazil Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$ Thousand)
7.4 Rest of Latin America Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.4 Rest of Latin America Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$ Thousand)
7.4 Rest of Latin America Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.4 Rest of Latin America Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$ Thousand)
7.5 Middle East & Africa 
7.5 Middle East & Africa Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.5 Middle East & Africa Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$ Thousand)
7.5 Middle East & Africa Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.5 Middle East & Africa Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$ Thousand)
7.5 GCC Countries Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.5 GCC Countries Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$ Thousand)
7.5 GCC Countries Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.5 GCC Countries Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$ Thousand)
7.5 South Africa Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.5 South Africa Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$ Thousand)
7.5 South Africa Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.5 South Africa Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$ Thousand)
7.5 Rest of MEA Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.5 Rest of MEA Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$ Thousand)
7.5 Rest of MEA Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.5 Rest of MEA Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$ Thousand)

Chapter 8 Company Profiles
8.1 ATS Group 
8.2 AgroBridge (Malaysia)
8.3 Shikefeng Chemical Industry Co. Ltd
8.4 Greenfeed Agro Sdn Bhd 
8.5 Haifa Chemicals Ltd. 
8.6 Hanfeng Evergreen Inc.
8.7 Nufarm Ltd 
8.8 HIF TECH SDN. BHD. 
8.9 Eurochem Agro Gmbh
8.10 Compo GMBH & Co. KG 
8.11 Kingenta Ecological Engineering Group Co., Ltd.
8.12 Central Glass Co., Ltd. 
8.13 ICL Specialty Fertilizers 
8.14 Scotts Miracle-Gro Company
8.15 Ekompany Agro B.V.
8.16 The Chisso Corporation
8.17 Agrium Inc. 

Chapter 9 List of Customers

Chapter 10 Primary Research - Key Findings

Controlled release fertilizers are part of enhanced efficiency fertilizers. These are granulated fertilizers that release nutrients gradually into the soil. Controlled release fertilizers are usually coated or encapsulated with inorganic or organic materials that regulate the rate, pattern, and duration of plant nutrient release. Common polymer materials used for coating are polysulfone (PSF), cellulose acetate (CA), and polyacrylonitrile (PAN). Most controlled release fertilizers are used in agriculture and horticulture applications. Controlled release fertilizers are employed in the cultivation of cereals & grains, oilseeds & pulses, and fruits & vegetables. Furthermore, they are used in the cultivation of turfs, lawns, and ornamental plants. Growth in the global population coupled with the shift toward sustainable agriculture is expected to drive the controlled release fertilizer market during the forecast period.

This study analyzes, estimates, and forecasts the global controlled release fertilizers market in terms of volume (tons) and revenue (US$ thousand) from 2015 to 2024. Market numbers given in the report describe the demand for global controlled release fertilizers, but not production or supply. The controlled release fertilizers report also analyzes several driving and restraining factors and their impact on the market during the forecast period.

The report provides comprehensive analysis of the controlled release fertilizers by key products and applications. It segments the market into key products that include polymer sulfur coated urea/sulfur coated urea, polymer coated urea, polymer coated NPK fertilizer, and others (including coated micronutrients). It further segments the market into the following key applications: cereals & grains, oilseeds & pulses, fruits & vegetables, and others (turf, ornamental plants, etc.). The report also segments the market based on major geographies into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. It further provides volume and revenue for each application segment for each region. This includes 12 unique country-specific analysis.

Based on the application and country, the report analyzes the attractiveness of each segment and country with the help of an attractiveness tool. The study consist of value chain analysis, which offers a better understanding of key companies in the supply chain from raw material manufacturers to end-users. Additionally, the study examines market competition through Porter’s Five Forces Analysis.

The report includes an overview of the market share of key companies in the global controlled release fertilizers market. Market share of companies has been derived on the basis of production by manufacturers of controlled release fertilizers. Key market players profiled in the study include ATS Group, Greenfeed Agro Sdn. Bhd., The Scotts Miracle-Gro Company, HIF TECH SDN. BHD, Compo GMBH & Co. KG, Agrium Inc, Ekompany, Shikefeng Chemical Industry, AgroBridge (Malaysia), Haifa Chemicals ltd, Agrium Inc, Central Glass Co Ltd, ICL Specialty Fertilizers, and The Chisso Corporation. Profiles of key participants comprise important parameters such as company overview, financial overview, business strategy, and recent developments.

Primary research represents the majority of our research efforts, complemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of technical writing, recent trade, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most consistent, effective, and productive approach for procuring precise market data, recognizing business opportunities, and understanding industry participants’ perceptions.

Secondary research sources that are typically referred to include broker reports, corporation websites, external patented databases, financial reports, stockholder presentations, Securities & Exchange Commission filings, proprietary databases and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market. Secondary sources referred for this study include Chemical Week Magazine, ICIS Chemical Business Magazine, Hoover’s, Factiva, and company presentations.

The report segments the global controlled release fertilizers market as follows: 

Controlled Release Fertilizers Market – Product Analysis

  • Polymer sulfur coated urea/sulfur coated urea
  • Polymer coated urea
  • Polymer coated NPK fertilizer
  • Others (including coated micronutrients) 

Controlled Release Fertilizers Market – Application Analysis

  • Cereals & grains
  • Oilseeds & pulses
  • Fruits & vegetables
  • Others (including turf, ornamental plants, etc.) 

Controlled Release Fertilizers Market - Regional Analysis

  • North America
    • U.S.
    • Rest of North America (RoNA)
  • Europe
    • France
    • Italy
    • U.K.
    • Germany
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • ASEAN
    • Rest of Asia Pacific (APAC)
  • Latin America
    • Brazil
    • Rest of Latin America (LATAM)
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa (MEA)


 
 
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