Press release
Controlled-release Fertilizers Market Overview, Size, Share, Trends, Growth Drivers, Key Segments, Opportunities, and Leading Players
MarketsandMarkets
The controlled release fertilizers market size [https://www.prnewswire.com/news-releases/controlled-release-fertilizers-market-worth-2-9-billion-by-2028--exclusive-report-by-marketsandmarkets-301911080.html] is estimated at USD 2.4 billion in 2024 and is projected to reach USD 3.2 billion by 2029, at a CAGR of 6.0% from 2024 to 2029. The growing demand for controlled-release fertilizers is primarily fueled by their ability to enhance nutrient efficiency, reduce environmental impact, and align with sustainable agricultural practices, meeting the needs of both farmers and environmental concerns.
Image: https://www.marketsandmarkets.com/Images/controlled-release-fertilizers-market18.jpg
The agricultural and environmental benefits associated with controlled-release fertilizers are the major factors contributing to the growth of this market globally. Reduction in the availability of arable land has resulted in the increased use of controlled-release fertilizers due to their ability to improve the efficiency of crop production per hectare. These fertilizers provide flexibility in application and ensure equal distribution of nutrients to crops. They also enable the synchronized release of nutrients as per the plants' needs during their growth cycle. Slow-controlled-release fertilizer can reduce toxicity, especially for seedlings, because the use of conventional fertilizers has a high ion concentration, which induces osmotic stress and causes damage at different growth stages. The use of controlled-release fertilizers can save labor, time, and energy. These factors can provide the greatest benefits for majority of consumers and propel the growth of the controlled-release fertilizers market.
Controlled-release Fertilizers Market Drivers [https://www.barchart.com/story/news/24743151/controlledrelease-fertilizers-market-size-share-trends-growth-drivers-industry-analysis-and-leading-players]: Rising environmental concerns
A significant portion of fertilizers applied to soil is often lost through processes like leaching, runoff, denitrification, and volatilization, leading to pollution of the soil, water, and air, which negatively impacts the environment. In response to growing awareness of sustainability, the fertilizer industry and governments worldwide are working to educate farmers on Fertilizer Best Management Practices (FBMP). These guidelines emphasize the precise application of fertilizers-using the correct amount, at the right time, and in the proper location. Controlled-release fertilizers offer a solution by minimizing nutrient loss, enhancing water use efficiency, and extending irrigation intervals in drought-prone regions. These fertilizers are designed to improve nutrient uptake while reducing the potential for nutrient loss compared to conventional fertilizers. As an eco-friendly and resource-saving alternative, the demand for controlled-release fertilizers continues to grow.
Controlled-release Fertilizers Market Opportunities [https://www.linkedin.com/pulse/controlled-release-fertilizers-market-size-share-trends-edward-scott-0ujbf/]: Improved nutrient management through precision farming
Precision farming offers significant potential to enhance production and nutrient use efficiency by preventing nutrient leaching or excessive accumulation in specific areas of a field. It has gained prominence, particularly in developed countries, due to its effective use of fertigation methods. A key component in this approach is the use of controlled-release fertilizers. Their release patterns and coating technologies can be integrated into information systems, enabling precise analysis of crop nutrient needs, optimal application rates, and appropriate mixing ratios within the fertigation process. As awareness of precision farming grows, controlled-release fertilizers are finding expanded opportunities due to their ability to systematically supply nutrients and improve crop yields. With advancements in technology, the controlled-release fertilizers market is poised to capitalize on these opportunities, driving the growth of modern, data-driven agricultural systems.
The Slow-Release Fertilizers Segment Expected to Lead the Market with the Highest CAGR During the Forecast Period.
Slow-release fertilizers play a crucial role in enhancing soil fertility and supporting plant nutrition. They provide nitrogen in a form that gradually becomes available, ensuring a steady supply to the soil, even under unpredictable weather conditions. The demand for these fertilizers is rising steadily due to their widespread use in lawns and home gardens. By reducing mowing frequency and improving lawn quality, slow-release fertilizers offer an efficient solution for lawn care. Low-maintenance lawns typically require 1-2 pounds of nitrogen annually, while medium-maintenance lawns need 3 pounds, and high-maintenance areas like golf courses or athletic fields demand 4-6 pounds of nitrogen per year. With their high nitrogen content, slow-release fertilizers are well-suited to meet these needs. The increasing focus on effective lawn and turf grass maintenance is driving the growth of the slow-release fertilizer market.
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Why are non-agricultural applications expected to dominate the end-use segment of controlled-release fertilizers?
Non-agricultural applications encompass turf & ornamentals, nurseries & greenhouses, as well as other uses outside of agriculture. The rising purchasing power and growing environmental concerns have significantly boosted the demand for controlled-release fertilizers (CRFs) in non-agricultural settings. Ornamental crops, such as cut flowers, loose flowers, ornamental plants, herbs, and shrubs used in topiary and gardening, benefit from these fertilizers. The primary goal of applying lime and fertilizers to these crops is to neutralize soil acidity. One of the key factors driving the CRF market is the ease of application on ornamental crops. While controlled-release fertilizers have been utilized for turf & ornamental grass in the US for over a decade, their demand is now on the rise in developing countries. Consequently, the convenience of using CRFs on ornamental crops continues to be a significant driver of market growth.
North America to Experience the Highest CAGR Growth in the Controlled-Release Fertilizers Market During the Forecast Period.
The growth of high-value crops, coupled with increasing awareness among farmers regarding the environmental advantages of controlled-release fertilizers, is anticipated to enhance market expansion opportunities. In North America, the demand for these fertilizers is expected to rise as arable land continues to decrease. The United States leads the controlled-release fertilizers market, driven by advanced agricultural practices and a growing commitment to sustainability. Additionally, the rising area dedicated to turf and ornamental plants, fueled by heightened demand for flowers, is further driving the need for controlled-release fertilizers. Investments in research and development focused on coated fertilizers by key industry players are expected to significantly stimulate market growth in North America over the next five years.
Top Controlled-release Fertilizers Companies [https://www.marketsandmarkets.com/ResearchInsight/controlled-release-fertilizers-markek.asp?utm_source=paidpr&utm_medium=controlled-release-fertilizers-market_260924&utm_id=abnewswire.com]
The key players in this market include Yara (Norway), Nutrien Ltd. (Canada), Mosaic (US), ICL (Israel), Nufarm (Australia). These players focus on strategies such as mergers and acquisitions, joint ventures, collaborations, product launches, and expansions to strengthen their market position. These players have significant market presence and established distribution networks in all the major regions such as Asia Pacific, Europe, North America, South America and Rest of the World (Middle East and Africa).
Controlled-release Fertilizers Industry [https://www.marketsandmarkets.com/PressReleases/controlled-release-fertilizers.asp?utm_source=paidpr&utm_medium=controlled-release-fertilizers-market_260924&utm_id=abnewswire.com] News
In January 2024, Yara has collaborated with Pursell Agritech. This partnership aims to Pursell's innovative coating technology and Yara's improved product portfolio with competitively priced products. Through this partnership, Pursell Agritech and Yara launched PurMidas a controlled-release fertilizer specifically designed for turf applications which can deliver 7:1 ratio of nitrogen to sulfur.
In November 2023, Nutrien, Ltd. Partnered with CoteX Technologies to explore the commercialization of a sustainable and affordable way to deliver coating technology for nitrogen fertilizers to large care crops.
Key Questions Addressed by the Controlled-release Fertilizers Market Report [https://www.marketsandmarkets.com/Market-Reports/controlled-release-fertilizers-market-136099624.html?utm_source=paidpr&utm_medium=controlled-release-fertilizers-market_260924&utm_id=abnewswire.com]:
What are controlled-release fertilizers?
What are the benefits of using controlled-release fertilizers?
Which region is accounts for the majority of the controlled-release fertilizers market share [https://www.mnmblog.org/controlled-release-fertilizers-market-size.html] during the study period?
What factors are driving the growth of the controlled-release fertilizers market?
What trends are currently shaping the controlled-release fertilizers market?
What are the challenges in the controlled-release fertilizers market?
What is the future outlook for the controlled-release fertilizers market?
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Agrochemicals Market [https://www.marketsandmarkets.com/Market-Reports/global-agro-chemicals-market-report-132.html]
Specialty Fertilizers Market [https://www.marketsandmarkets.com/Market-Reports/specialty-fertilizer-market-57479139.html]
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