Controlled Release Fertilizer Market by Type, End Use, Mode of Application and Region - Global Forecast to 2026

The global market for controlled release fertilizer is estimated at USD 2.4 Billion in 2021; it is projected to grow at a CAGR of 6.4% to reach USD 3.3 Billion by 2026.The increasing production of high-value crops and the rising demand for high-quality agricultural outputs from various industries, globally, have resulted in an increased demand for various agricultural inputs. The application of fertilizers has increased exponentially over the past years with an aim to increase the nutrient uptake of crops. According to the FAO, nearly 95% of research investments during the last 30 years across the world were reported to have focused on increasing food productivity, while the remaining 5% were directed toward reducing post-harvest losses of crop/food. Therefore, technology-driven agricultural farming practices, along with the use of appropriate agricultural inputs such as enhanced efficiency fertilizers over conventional fertilizers, have been developed to ensure global food security.

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The Fertigation segment, by application is projected to observe the fastest growth in the controlled release fertilizer market throughout the forecasted period

Fertigation helps enhance the efficiency of the nutrients used and thus allows the application of the right amount of fertilizers homogenously to the wetted root volume zone, where the most active roots are concentrated. This technique also helps to improve the productivity and quality of crop produce

The coated and encapsulated segment by type is estimated to account for the largest market share in the global controlled release fertilizer market

These are conventional soluble fertilizer materials with a modification of rapidly available nutrients. A water-insoluble protective coating is given, after granulation, crystallization, to control water penetration, thereby affecting the rate of dissolution and nutrient release. To obtain a further reduction of total fertilizer costs, coated & encapsulated fertilizers are increasingly used with a blend of conventional fertilizers in different ratios. These fertilizers offer greater flexibility in determining the nutrient release pattern

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Leading players profiled in this report

Yara international ASA (Norway)
Nutrien LTD(Canada)
Mosaic company (US)
ICL Group (Israel)
Nufarm LTD (Australia)
Kingenta(China)
ScottsMiracle-Gro (US)
Koch Industries (US)
Helena Chemicals (US)
SQM (Chile)
Haifa Chemicals (Israel)
JCAM Agri.Co LTD (Japan)
Compo Expert GMBH. (Germany)
The Andersons INC (US)
Van Iperan International (Netherland)

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This release was published on openPR.