Controlled-release Fertilizers Market Latest Trends, Demands, Overview and Analysis by 2028

The controlled-release fertilizers market is experiencing notable growth, estimated at USD 2.2 billion in 2023 and projected to reach USD 2.9 billion by 2028. This reflects a compound annual growth rate (CAGR) of 5.9% during the forecast period. The demand for controlled-release fertilizers is increasing due to their benefits in enhancing nutrient efficiency, reducing environmental impact, and supporting sustainable agricultural practices.

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These fertilizers are prized for their ability to release nutrients gradually, which enhances crop yields while minimizing wastage. This gradual release aligns with precision agriculture techniques, optimizing nutrient uptake by crops and addressing environmental concerns. By reducing nutrient runoff and the frequency of applications, controlled-release fertilizers help comply with stringent environmental regulations and promote sustainable farming practices. The growing awareness of soil health, water quality preservation, and long-term crop viability has further driven the adoption of these fertilizers, making them a crucial component of modern farming strategies.

Among the types of controlled-release fertilizers, slow-release fertilizers are expected to grow at the highest CAGR during the forecast period. Their benefits include reduced nutrient runoff and improved resource management, which align with precision agriculture techniques. This segment's growth is supported by farmers' increasing focus on optimizing resource use and complying with environmental regulations.

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The market is also segmented by end use, with both agricultural and non-agricultural applications contributing to its growth. In the non-agricultural segment, controlled-release fertilizers are becoming increasingly popular for urban landscaping needs such as golf courses, municipal parks, and residential complexes. These fertilizers offer sustainable solutions that enhance the aesthetics of urban environments while reducing maintenance cycles. The slow and controlled nutrient release results in fewer applications, appealing to landscapers, golf course managers, and homeowners seeking efficient operations.

Regionally, Argentina is set to become the fastest-growing market within South America. The country's emphasis on sustainable farming practices and its strong agricultural foundation make it an ideal candidate for the adoption of controlled-release fertilizers. Argentina's commitment to reducing environmental impact and promoting soil health supports its role as a significant player in the market. The combination of favorable conditions, including innovation and strategic export positions, is expected to drive continued growth in the sector.

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Key companies in the controlled-release fertilizers market include Yara International (Norway), Nutrien Ltd. (Canada), Mosaic (US), ICL (Israel), Nufarm (Australia), Kingenta (China), ScottsMiracle-Gro (US), Koch Industries (US), Helena Chemicals (US), and SQM (Chile). These major players are driving innovations and expanding their product offerings to meet the evolving demands of both agricultural and non-agricultural sectors.

Overall, the controlled-release fertilizers market is poised for significant growth, driven by the need for sustainable agricultural practices, improved nutrient management, and environmental protection. The increasing adoption of slow-release fertilizers and the expansion of the non-agricultural segment are expected to shape the market dynamics, with Argentina emerging as a key player in the South American region.

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