Controlled Release Fertilizer Market SQM, Yara International, ICL Group, The Scotts Miracle-Gro Company, Koch Industries, Maire Tecnimont, Haifa Group, Agrium, Nutrien, CF Industries
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The global controlled release fertilizer market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Some of the major players operating in the global controlled release fertilizer market are –
· Agrium Yara
· Koch Industries
· Helen Maire Tecnimont SpA a Chemical
· Haifa Chemicals
· Jcam Agri
· Compo Expert
· Jinfeng Agricultural Services Co. Ltd,
· Agrium Inc.
· CF Industries Holdings
· Yara International
· K+S Ag
· Scotts Miracle-Gro Company (US)
· Ocp Group
· Potash Corporation Of Saskatchewan
· The Mosaic Company
· Compo Gmbh & Co. Kg (Germany)
Others: Israel Chemicals Ltd, Bunge (Bg), Sociedad Quimica Y Minera De Chile Sa, Haifa Group, Ats Group, ICL Specialty Fertilizers, The Chisso Corporation, Compo Gmbh & Co. Kg, Shikefeng Chemical Industry, and Greenfeed Agro SDN and many more.
Controlled release fertilizers have several advantages over the conventional fertilizers for example they reduce toxicity in seedlings and contribute to enhanced agronomic safety. The controlled release fertilizer market is escalating rapidly owing to increasing global population along with the need for sustainable agriculture in the upcoming years. Various strategic partnerships between companies are taking place between key players for example Compo GmbH and BASF SE. Furthermore, companies have also developed software and applications to enhance crop quality and maintain their hold on the market for example Haifa Chemicals, has introduced Haifa NutriNet, FloraMatch, FoliMatch, and several other software to provide expert advice to farmers worldwide as well as to expand their customer base.
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Major Market Drivers and Restraints:
· Rising production of fertilizer and urea products across the globe
· Increasing application rates of fertilizers in developing countries
· Favourable government policies and regulations growing market demand for high-value crops
· Cost ineffectiveness
· Improper management of controlled-release fertilizers
Market Segmentation: Global Controlled Release Fertilizer Market
· The global controlled release fertilizer market is segmented based on, type, crop type, application and geographical segments.
· Based on type, the global controlled release fertilizer market is segmented into slow-release, coated & encapsulated, n-stabilizers. The slow release segment is further sub segmented into urea-formaldehyde, urea-isobutyraldehyde, urea-acetaldehyde, and other slow-release fertilizers. The coated & encapsulated segment is further sub segmented into sulphur coatings, polymer coatings, sulphur-polymer coatings, other coated fertilizers. The n-stabilizers segment is further sub segmented into nitrification inhibitors and urease inhibitors.
· On the basis of crop type, the global controlled release fertilizer market is classified into Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Plantation Crops, Turf & Ornamentals, and Other Crop Type. The cereals and grains segment is sub segmented into Corn, Wheat, Rice and Other Cereals & Grains. The Oilseeds & Pulses segment is further sub segmented into Soybean, Canola and Other Oilseeds & Pulses. The Fruits & Vegetables segment is further sub segmented into roots & tubers, brassicas, citrus fruits, and other fruits & vegetables.
· On the basis of crop type, the global controlled release fertilizer market is classified into foliar, fertigation, others.
· Based on geography, the global controlled release fertilizer market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa.
· Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
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