The agriculture sector is the largest consumer of controlled release fertilizers, and this factor has given a thrust to market growth. The need for improving the performance of the agriculture sector has paved way for formidable developments and technological advances within the industry. Researchers have vested their time and resources to study soil response to various chemicals and fertilizers. Moreover, the agriculture sector has become more liberal in the use of pesticides, insecticides, and fertilizers to enhance productivity. All of the aforementioned trends have gathered momentum even as the agriculture industry comes under pinpoint scrutiny from leading authorities. Use of controlled release fertilizers has helped in increasing the yield and enhancing the performance of several food crops. This factor is at the forefront of growth within the global market.

The use of controlled release fertilizers has been approved by regulatory bodies, and this is an important move for the agriculture sector. The ever-increasing population has put pressure on the agriculture sector to outperform in times of instability and challenges. For this reason, farmers and large agriculturists resort to the use of external chemicals to accelerate the cultivation and harvesting cycle. Use of controlled release fertilizers is also a part of this scheme to accelerate agricultural processes. The agriculture sector is making ceaseless efforts to ensure optimal growth and productivity of cash and food crops. As governments reciprocate to the demand of this sector, farmers will be in a better position to finance their requirements.

In this report preview, Transparency Market Research (TMR) reviews some of the prominent trends operating in the global controlled release fertilizers market. The global controlled release fertilizers market is at an important juncture, as new investors show interest in putting their funds in the agriculture sector. There is unprecedented need for increasing the productivity of this sector, and this factor has reflected in the changing preferences of agriculturists. This review reviews various segments pertaining to the global controlled release fertilizers market, and gives a comprehensive outlook on market growth and maturity. Moreover, the advantages of organic fertilizers in the agriculture sector are well-known, creating new opportunities for market maturity.

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Use of Fertilizers in Horticulture to Gather Momentum

The horticulture industry is growing at a stellar pace, and several new technologies have come to the fore in recent times. There is humongous demand for new techniques to accelerate the production of fruits, vegetables, and eatable plants. Based on application, the global controlled release fertilizers market is segmented into oilseeds & pulses, cereals & grains, fruits & vegetables, turf, and ornamental plants, among others. Use of these fertilizers for enhancing the growth of fruits and vegetables has increased by a dramatic pace. Besides, cereals and oilseeds are also a prominent end-use segment for the product.

Based on product analysis, the global controlled release fertilizers market can be segmented by polymer coated urea, polymer sulfur coated urea/sulfur coated urea, and polymer coated NPK fertilizer. The use of these products is defined by the type of farming, and urea is extensively used for enhancing the growth of food crops.

Asia Pacific to Emerge as Key Regional Market

In the contemporary times, every region has shown a sense of accountability to improve its agriculture sector. This trend is reflected in the growth of the global controlled-release fertilizers market. On the basis of geography, the global controlled release fertilizers market can be segmented into South America, Asia Pacific, Europe, Middle East, and North America. The agricultural sector of Asia Pacific hosts a large number of farmers, labourers, and other field workers. This trend has played an integral role in driving demand for controlled-release fertilizers across the region.

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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