Controlled Release Fertilizers Market 2019 | ASF SE, Nutrien Ltd., Yara International ASA, Koch Agronomic Services, LLC., ICL, AGLUKON Spezialdünger GmbH & Co. KG, COMPO EXPERT, Ekompany, Haifa Chemicals Ltd., Kingenta, and The Scotts Company LLC

Controlled Release fertilizers Market Overview to 2023:

Controlled release fertilizers (CRF) release nutrients in a controlled manner to match the nutrient requirement of a crop. These fertilizers improve efficiency, increase crop yield, and reduce potential losses to the environment. They offer several advantages such as saving fertilizer quantity and labor since a single application is required for the growing season and improve soil quality and germination rates. Additionally, they inhibit nutrient loss, seed toxicity & hazardous emissions.

Controlled release fertilizers are categorized into controlled release organic fertilizer (CROF), controlled release inorganic fertilizers (CRIF), water-soluble fertilizer coated by the physical barrier, which controls its release is also known as controlled release coated fertilizers (CRCF), controlled release coated urea fertilizer (CRCU), and others. CROF and CRIF use low solubility fertilizers, thus they are released at a controlled rate into the soil. CRCF is the most widely used fertilizer segment and is expected to drive the global controlled release fertilizers market majorly. Moreover, controlled release coated urea fertilizers (CRCU) are gaining huge popularity due to the extensive use urea as fertilizer on account of its high nitrogen content (46%), low cost, and ease of application. CRCU fertilizers are made by using combination chemistries, that is, by coating urea with either sulfur-based coating material, polymer-based coating material, the superabsorbent coating material (hydrogel), or bio-composite coating material among other.

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Regional Analysis:

The global controlled-release fertilizers market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.

North America dominated the global controlled release fertilizers market in 2017 and is expected to exhibit steady growth during the forecast period 2018-2023. Controlled release fertilizers offer numerous advantages over conventional fertilizers such as controlled release of fertilizers over a long period of time, less labor cost, less time consumption, and effective performance, which drive the market growth. Additionally, huge emphasis on technological innovations and high budget allocation to agriculture industry are expected to affect the market growth positively over the forecast period.
Europe is following North America in terms of market consumption in 2017 and is expected to show steady demand over the forecast period 2018-2023 due to the benefits that controlled release fertilizers offer over conventional fertilizers. Furthermore, major emphasis on technologically advanced products and developed agriculture industry allows the use of controlled release fertilizers in spite of its high cost.

Asia Pacific is expected to be the fastest growing market for the controlled release fertilizers owing to expanding population. Countries such as China, India, and Japan are expected to be the fastest growing economies in this regional market. Farmers are focusing on modernizing their farming methods and using advanced products & technologies such as controlled release fertilizers to increase their crop yields from the limited land available for farming across Asia Pacific market. However, lack of data regarding the release kinetics of CRF in various types of soil and their high cost are likely to limit their application in the region.

The Middle East & Africa is also expected to witness a considerable demand for controlled release fertilizers during the forecast period due to growing population and rising food demand. However, the high cost of these fertilizers is hampering the market growth to some extent.

Latin America is also projected to witness a moderate demand for controlled release fertilizer owing to their several benefits such as less requirement in terms of quantity, reduction in labor cost, effective performance, and easy application method. However, high cost of these fertilizers is restraining the market growth.

Market Segmentation:

The global controlled-release fertilizers market is segmented by type, mechanism, crop type, and region.

On the basis of the type, the global controlled release fertilizers market is segmented into controlled release organic fertilizers (CROF), controlled release inorganic fertilizers (CRIF), controlled release coated fertilizers (CRCF), controlled release coated urea (CRCU), and others. CROF is sub-segmented into natural organic compounds (animal manure, sewage sludge, and others) and synthetic organic compounds (urea formaldehyde (UF), isobutylene-diurea (IBDU), urea acetaldehyde/cyclo diurea (CDU)). CRIF is segmented into metal ammonium phosphates (KNH4PO4 and MgNH4PO4), and partially acidulated phosphate rock (PAPR). CRCF is segmented into coated granules and matrix coating. The coated granular CRFs are further segmented to organic polymer coating materials (such as thermoplastics and resins) and inorganic coating materials (including sulfur and other minerals). The matrix coating is further segmented into hydrophobic matrix coating (polyolefin, rubber) and hydrophilic matrix coating (hydrogels). CRCU is segmented into CRCU with a sulfur-based coating material, CRCU with a polymer-based coating material, CRCU with a superabsorbent coating material (hydrogel), and CRCU with bio-composite coating material among other.

On the basis of the mechanism of controlled release, the global controlled release fertilizers market is segmented into osmosis mechanism and diffusion mechanism.

On the basis of the crop type, the global controlled release fertilizers market is segmented into ornamental & nurseries, agriculture, and turf & lawns.
On the basis of the region, the global controlled-release fertilizers market is segmented into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

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Top 10 Key Player:

 BASF SE
 Nutrien Ltd.
 Yara International ASA
 Koch Agronomic Services, LLC.
 ICL
 AGLUKON Spezialdünger GmbH & Co. KG
 COMPO EXPERT
 Ekompany
 Haifa Chemicals Ltd.
 Kingenta
 The Scotts Company LLC

Intended Audience:

• Controlled-release fertilizers manufacturers
• Traders and distributors of controlled-release fertilizers
• Research and development institutes
• Potential investors
• Raw material suppliers
• Nationalized laboratory

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