Controlled Release Fertilizers Granules Market 2021 - By Size, Share, Growth, Analysis, Trends And Forecast To 2031

The report by Allied Market Research unveils insights into the global controlled release fertilizers granules (CRFGs) market, which amassed $0.5 billion in 2021 and is poised to reach $1.0 billion by 2031, with a notable CAGR of 8.0% from 2022 to 2031. It offers an in-depth analysis of market dynamics, major segments, value chain, competitive scenario, and regional landscape, aiding leading players, investors, shareholders, and startups in crafting strategies for sustainable growth and gaining a competitive edge.

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Overview of Controlled Release Fertilizers Granules:
Controlled release fertilizer granules (CRFGs) are granular fertilizers coated with a semipermeable membrane that gradually release nutrients into the soil over a predetermined period. Widely used in agricultural production, CRFGs enhance nitrogen delivery efficiency to crops while reducing environmental and health risks. They provide plants with optimal nutrition at every growth stage, ensuring optimal growth and yields. CRFGs offer various advantages, including easy application, no need for sophisticated injection systems, and environmental friendliness by minimizing nutrient losses through leaching, volatilization, or fixation.

Modern Agricultural Techniques:
Modern agricultural techniques present opportunities for CRFGs, as they require various technologies for granule coating. As per the World Bank report "Enabling the Business of Agriculture 2019," the global agricultural business climate is improving, with numerous regulatory measures implemented across nations to facilitate farmers in managing insect outbreaks, obtaining quality seeds, and accessing production investment loans.

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Key Market Segments:

Product Type: The polymer-coated products segment dominated in 2021, accounting for nearly one-third of the market and is projected to maintain its leadership. However, the polymer-sulphur-coated urea (PSCU) segment is expected to register the highest CAGR of 8.2% from 2022 to 2031.
Application: The non-agriculture segment held the highest share in 2021, contributing to around two-thirds of the market and is expected to maintain its lead. Meanwhile, the agriculture segment is forecasted to exhibit the highest CAGR of 8.1% from 2022 to 2031.
Region: Asia-Pacific led the market in 2021, contributing to over three-fifths of the market share and is anticipated to maintain dominance in revenue by 2031, with the fastest CAGR of 8.1% during the forecast period.

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Key Players:
Leading players in the global CRFGs market include Allied Nutrients, Koch Industries, Inc., Knox Fertilizer Company, Inc., J.R. Simplot Company, Haifa Negev technologies LTD, ICL Group, ASK Chemicals, Kingenta, Neufarm GmbH, and Nutrien Ltd. These players have adopted diverse strategies such as new product launches, collaborations, expansions, joint ventures, and agreements to bolster their market share and presence across regions.

The report offers a detailed analysis of these key players' business performance, operating segments, product portfolio, and strategic moves, providing insights into the competitive landscape.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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