Controlled Release Fertilizers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Controlled Release Fertilizers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : August, 2020 | Chemical & Materials | PPT format

Report Digest

Controlled Release Fertilizers Market: Introduction

Specialty fertilizers continue to gain fast traction as flexible solutions with various essential primary and secondary nutrients, or micronutrients, ensuring optimum crop quality and yield. Distinct from commodity fertilizer products, specialty fertilizers command higher premium to distributors and producers alike, and range from products containing micronutrients with controlled release, to crop-specific, convolute multi-nutrient solubles. Controlled release fertilizers market is currently at its infancy, however demand and production continue to gain a marked uptick, according to a new study. 

Controlled Release Fertilizers Market: Notable Developments 

Recent developments in the controlled release fertilizers market have been listed below 

  • Bio-on has recently developed a revolutionary technology, called U-Coat, for controlled release fertilizers. The technology is based on a 100% biodegradable and natural PHAs bioplastics, and enable more effective dose and efficient fertilizer consumption.
  • Stamicarbon has developed a state-of-the-art technology to offer farmers with a broader range of controlled release fertilizers that are fine-tuned to certain crop requirements. Controlled release fertilizer Design of Stamicarbon, featuring PurActive Technology and developed in cooperation with the Pursell Agri-tech, delivers a one-stop solution to farmers. 

Some of the most prominent competitors operating in the competitive landscape of global controlled release fertilizers market include –

  • Greenfeed Agro Sdn Bhd
  • Israel Chemicals
  • Yara International
  • Central Glass Co., Ltd.
  • Agrium, Inc.
  • Scotts Miracle-Gro
  • ATS Group
  • AgroBridge
  • Kingenta Ecological Engineering Group Co., Ltd. 

Controlled Release Fertilizers Market Dynamics 

Potential of Nanotechnology in Controlled Release Fertilizer Developments 

Nanotechnology permeation continues to increase in the agriculture sector, particularly to ebb the use of pesticides and fertilizers, thereby improving yields of crops via optimal nutrient management. Nanotechnology holds significant potential in the development of controlled release fertilizers, and prevents release of substances that have negative environmental impacts. Nanomaterials comprise unique nutrient release attributes for an extended time period, and suit well for the formulation of controlled release fertilizers that conform to nutrient requirements of plants and crops. Additionally, controlled release fertilizers using nanotechnology offer the ability to be prepared physically by coating the traditional fertilizer granules with materials that curtail their rate of degradation. Greater efficiency of nutrient uptake and retention of freshness are other key attributes of nanomaterials-based controlled release fertilizers that drive their demand. 

High Traction of Soil Microbial Resources in Improving Efficiency of Controlled Release Fertilizers

 Agricultural microbial technology via integration of microbiome interactions and beneficial plant microbe present a promising and sustainable solution for improving the crop productivity. The food security issue prevalent worldwide has fostered innovation, development, and deployment of technologies, which lead to increased agricultural production, meanwhile ensuring the sustainable intensification. Controlled release fertilizers have gained a paramount palpability as smart fertilizers that are increasingly efficacious in securing crop productivity. Use of soil microbial resources in the formulation of controlled release fertilizers has been deemed to significantly improve production, while contributing to the sustainable agro-systems. As securing sustainable higher productivity and yield relies on exploiting the existing multidisciplinary progresses for the design & development of novel crop-microorganisms biosystems featuring complementary and synergistic interactions. This will augur well for the development and sales of controlled release fertilizers in the near future. 

Demand Underpinned by Reduced Nitrogen Losses Associated with Controlled Release Fertilizers 

Significant losses have been witnessed in the applications of conventional fertilizers, with nitrogen being one of the key components. Apart from economic losses, applied nitrogen gets released into the atmosphere via volatilization or soil, leaching into groundwater. The latter has been associated with significant environmental impacts. The advent of controlled release fertilizers has resulted in the delivery of an efficient solutions to offset the aforementioned losses, as they curtail, control, and stabilize rate of nitrogen converted or released to plants. This aids in improving efficiency of nutrient application while reducing the negative impacts on the environment. 

Controlled Release Fertilizers Market: Regional Analysis 

China is expected to remain the most lucrative market for the controlled release fertilizers, driven by rapid economic growth and focus on improving the fertilizer efficiency. Additionally, focus of the government and key players in the country on increasing the crop yield and reducing the environment impact of fertilizers, has made China one of the leading controlled release fertilizers markets. The US also remains a lucrative region for growth of the controlled release fertilizers market, with non-agricultural applications accounting for greater consumption. Growth of controlled release fertilizers market in the US is also driven by the rise in agricultural commodity, coupled with increasing demand for agricultural crops. 

Controlled Release Fertilizers Market: Segmentation 

By Product Type 

  • Sulphur-coated Urea
  • Polymer-coated Urea
  • Polymer-coated NPK Fertilizer
  • Others 

By Application Type 

  • Cereals & Grains
  • Oilseeds & Pulses
  • Fruits & Vegetables
  • Others 

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.