Overview
Global Controlled-Release Fertilizers Market was valued at USD 2.9 Billion, It is expected
to reach USD 6.1 billion by 2032 Between 2023 and 2032, this market is estimated to
register a CAGR of 7.9%.
Controlled-release fertilizers (CRFs) are a type of fertilizer designed to release nutrients
gradually over time. Unlike traditional fertilizers that release nutrients quickly, CRFs provide
a steady supply, which helps plants absorb nutrients more efficiently and reduces the risk of
over-fertilization. This controlled release ensures that plants receive the right amount of
nutrients when they need them, leading to healthier growth and better yields.
The market for controlled-release fertilizers is growing due to their advantages over
conventional fertilizers. Farmers and gardeners are increasingly turning to CRFs for their
ability to improve nutrient efficiency and minimize environmental impact. The steady nutrient
supply from CRFs can also help in reducing the frequency of fertilizer applications, saving
time and labor.
As a market research analyst, it's important to understand that the CRF market is driven by
factors such as advancements in technology, increasing demand for sustainable agricultural
practices, and rising awareness about efficient nutrient management. The market is
expected to expand as more agricultural stakeholders recognize the benefits of CRFs in
enhancing productivity and reducing environmental footprint.
Key Market Segments
Based on Product Type
● Slow Release
● Coated & Encapsulated
● N-Stabilizers
● Other Product Types
Based on Form
● Liquid
● Granule
● Powder
Based on Crop Type
● Cereal & Grains
● Fruits & Vegetables
● Oilseeds & Pulses
● Forage & Turf
● Other Crop Types
Based on Application
● Foliar
● Soil
● Fertigation
● Other Applications
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The controlled-release fertilizers market is segmented by product type, application, crop
type, and application method. In 2022, the coated and encapsulated segment led the
market with a 42.2% share, making it the most lucrative product type. By application, the
granule segment dominated with a 58.6% market share and is projected to grow at a CAGR
of 8.1%, reflecting farmers' preference for granular fertilizers. When segmented by crop
type, the fruits and vegetables segment was the most lucrative, holding a 46.2% share, due
to their unique nutrient requirements. For application methods, soil application was
predominant, capturing a 62% market share in 2022.
Market Key Players
● Yara International ASA
● The Scotts Miracle-Gro Company
● ICL Specialty Fertilizers
● Nutrien Ltd.
● Kingenta Ecological Engineering Group Co., Ltd
● Haifa Group
● R. Simplot Company
● Koch Industries
● Sociedad Química y Minera
● Aglucone Fertilizers GmbH & Co. KG
● Other Key Players
Drivers: The global controlled-release fertilizers market is primarily driven by the need to
mitigate environmental impact and the rising demand for food. Controlled-release fertilizers
help address nutrient runoff, reducing water pollution and ecosystem damage caused by
conventional fertilizers. With the global demand for food expected to increase by 70% by
2050, these fertilizers provide a sustainable solution by ensuring a steady nutrient supply to
crops, thus enhancing agricultural productivity and food security.
Restraints: The market faces challenges due to higher production costs associated with
advanced technologies required for controlled-release fertilizers. This price disparity often
deters small-scale farmers. Additionally, a lack of awareness and education about the
benefits and proper use of these fertilizers limits their widespread adoption.
Opportunities: There is significant potential for growth in the controlled-release fertilizers
market through educational initiatives and technological advancements. As more farmers
become informed about the benefits and efficiency of controlled-release fertilizers, adoption
rates are expected to increase. Innovations in production technology may also reduce
costs, making these fertilizers more accessible to a broader range of agricultural
stakeholders.
Challenges: Key challenges include overcoming the higher costs of production and
addressing the knowledge gap among farmers. Ensuring that small-scale farmers can afford
and effectively use controlled-release fertilizers is crucial for market expansion. Additionally,
widespread education and demonstration of the benefits are needed to boost adoption and
utilization.