The controlled-release fertilizers market is projected to grow at a CAGR of 6.29% from USD 1.56 Billion in 2017, to reach USD 2.12 Billion by 2022. Due to the increasing demand for high efficiency fertilizers to minimize nutrient losses, controlled-release fertilizers have been gaining preference for their beneficial characteristics such as patterned nutrient release and their effect on the agricultural yield.
The years considered for the study are as follows:
1. Base year – 2016
2. Estimated year – 2017
3. Projected year – 2022
4. Forecast period – 2017 to 2022
The objectives of the report:
1. Determining and projecting the size of the controlled-release fertilizers (CRFs) market with respect to their types, crop types, application methods, and regional markets, over the period ranging from 2017 to 2022
2. Identifying attractive opportunities in the market by determining the largest and fastest-growing segments across regions
3. Analyzing the demand-side factors on the basis of the following:
4. Impact of macro- and micro-economic factors on the controlled-release fertilizers market
5. Shifts in demand patterns across different subsegments and regions
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Cereals & grains segment is projected to be the most important crop type for controlled-release fertilizers market
The fertilizer application on cereals & grains was seen to be the highest in the US and Asia Pacific countries. Stabilizers and coated fertilizers have been widely used on corn and wheat cultivation in countries such as the US, China, and India, while coated fertilizers are widely used in Japan for rice. An increase in demand has been witnessed for controlled-release fertilizers from developing regions as well due to the increasing awareness about sustainable agricultural practices. Hence, the cereals & grains segment dominated the controlled-release fertilizers market in 2016.
Coated & encapsulated segment, by type, is projected to remain in the higher growth curve in the next five years
The adoption of these fertilizers is increasing globally due to the growth in awareness about the benefits associated with coated fertilizers and government support provided by various countries in terms of subsidies and policy amendment. Due to the simplicity and low cost of using sulfur as a coating material, sulfur-coated fertilizers have been the most commonly used coated products in the developing nations. To obtain a further reduction of the total fertilizer costs, coated & encapsulated fertilizers are increasingly used in blends with conventional fertilizers in different ratios, owing to which, coated fertilizers in conjunction with nutrients are researched on by key players.
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Significant competition to capitalize the market potential among international manufacturers in the Asia Pacific and South American regions
Rise in export quality requirements for agricultural products and increasing adoption of sustainable agriculture practices in countries such as China, India, Brazil, and Argentina are expected to drive the demand for controlled-release fertilizers among the farmers in the Asia Pacific and South American regions during the forecast period. This would increase the inflow of various international manufacturers to set up their business units and distribution networks, thereby leading to a strong market competition.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. These companies include Agrium (Canada), Yara (Norway), ICL (Israel), Kingenta (China), and Helena Chemical (US), which are some of the well-established and financially stable players that have been operating in the industry for several years. Other players include ScottsMiracle-Gro (US), SQM (Chile), Haifa Chemicals (Israel), Koch Industries (US), AGLUKON (Germany), COMPO EXPERT (Germany), and JCAM AGRI (Japan).