$3.2 Billion Global Controlled-release Fertilizers Market (2020 to 2025) - CAGR of 6.3% Expected During the Forecast Period - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Controlled-release Fertilizers Market by Type (Slow-release, Coated & Encapsulated, N-Stabilizers), End-Use (Agricultural & Non-agricultural), Mode of Application (Fertigation, Foliar, and Soil), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The controlled-release fertilizers market is estimated at USD 2.4 billion in 2020, growing at a CAGR of 6.3% from 2020 to reach USD 3.2 billion by 2025.

This market has been gaining prominence among farmers to improve the agricultural yield and curb excessive nutrient application. Factors such as growing demand for high-efficiency fertilizers and increasing awareness about the environmental concerns associated with excessive fertilizer use across the world are projected to drive the controlled-release fertilizers market. However, factors such as the high cost of polymer coatings for coated & encapsulated fertilizers and the low adoption rate of technology in developing markets affect the growth of the controlled-release fertilizers market.

The non-agriculture segment in controlled-release fertilizers market is estimated to account for the largest share in 2020.

The growing usage of controlled-release fertilizers for non-agricultural segments, such as turf & ornamentals, is driving the market. For more than a decade, CRF has been used for turf & ornamental grass in the US; however, its demand is increasing recently in developing countries. Thus, the easy application of controlled-release fertilizers on ornamental crops is a major factor driving its market.

The N-stabilizers segment in controlled-release fertilizers market is estimated to account for the largest market share in 2020.

The controlled-release fertilizers market is broadly segmented into slow-release, coated & encapsulated, and N-stabilizers. In terms of volume, the N-stabilizers segment is estimated to account for the largest market share during the forecast period. The segment is estimated to be the largest market, owing to the vast adoption of these fertilizers across the globe for agricultural crops, and their viable purchasing price. Asia Pacific accounted for the largest share of the N-stabilizers fertilizers market in 2020, owing to the extensive use of nitrification inhibitors and Urease Inhibitors for non-agricultural usage in developed countries. In terms of volume, the coated & encapsulated segment is also projected to be the fastest-growing segment, during the forecast period.

Fertigation segment, by application method, led the market in 2016.

On the basis of application method, the fertigation segment dominated the market in 2019, in terms of value and volume, due to the rising area under irrigation across the globe and benefits associated with fertigation such as uniform application, reduced labor, and higher application rate for larger fields, which are also projected to drive the fertigation method of application.

Asia Pacific is projected to grow at the highest rate during the forecast period.

Asia Pacific is projected to be the fastest-growing region in the controlled-release fertilizers market between 2020 and 2025. The region has been experiencing significant demand for controlled-release fertilizers due to the need to undertake efforts to minimize the environmental concerns associated with nutrient losses. There has been an increase in the consumption of coated fertilizers in countries such as Japan and China, while the consumption of stabilizers has been increasing in the developing countries of the region. These have been subsequently driving the growth of the controlled-release fertilizers market.

Market Dynamics

Drivers

• Necessity for Highly Efficient Fertilizers
  
• Favorable Government Policies and Regulations
  
• Increase in Environmental Concerns
  

Restraints

• Cost Ineffectiveness
  
• Improper Management of Controlled-Release Fertilizers
  

Opportunities

• Product Innovations in Controlled-Release Technology
  
• Crop-Specific Nutrient Management Through Precision Farming
  
• Need to Improve Pasture Production
  

Challenges

• Limited Adoption of Controlled-Release Technology
  
• Supply of Counterfeit and Less Effective Products
  
• Subsidies on Fertilizers Provided By the Government of Developing Economies
  

Companies Profiled

• Kingenta
• Nutrien, Ltd.
• Yara International Asa
• Mosaic Company
• ICL
• Nufarm Ltd.
• Scottsmiracle-Gro
• Koch Industries
• Helena Chemical
• SQM
• Haifa Chemicals
• JCAM AGRI.
• COMPO EXPEIT
• The Andersons, Inc.
• Van Iperen International
• OCI Nitrogen
• Agroliquid
• Deltachem
• SK Specialties
• Pursell Agri-Tech

For more information about this report visit https://www.researchandmarkets.com/r/xht8sq