Controlled-release Fertilizers Market Size, Share, Trends, Growth Opportunities, and Forecast

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Controlled-release Fertilizers Market Size,
Share, Trends, Growth Opportunities, and Forecast
The global controlled-release fertilizers market
size is projected to reach USD 2.9 billion by
2028 from USD 2.2 billion by 2023, at a CAGR of
5.9 during the forecast period in terms of
value. The global market has witnessed
significant growth and established its dominance
in the global agriculture industry. According to
the World Bank Report 2023, approximately 9.2 of
the worlds population faced hunger in 2022,
compared with 7.9 in 2019. The rising levels of
hunger and food insecurity highlight the urgent
need to increase agricultural productivity to
ensure food availability. Thus, the
increasing demand for enhanced agricultural
output while reducing environmental effects is
one of the main driving factors. These
fertilizers deliver nutrients gradually,
enhancing plant absorption while lowering
leaching and runoff, which helps reduce water
pollution.
Farmers are drawn to these solutions as
awareness of their benefits grows and
scientific developments result in enhanced
formulations. The market for controlled-release
fertilizers has grown globally because of
government support, increased global food demand
brought on by population growth, and an emphasis
on resource efficiency. Several factors, such as
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• the need for increased agricultural
  productivity, environmental awareness,
  sustainable farming practices, technological
  advancements, and government support, are
  propelling the growth of the global market for
  controlled-release fertilizers. For instance,
  according to MDPI Research Report 2021,
  controlled-release fertilizers are employed in
  precision agriculture to optimize
  technology-enabled farming without
  environmental deterioration. Thus, the
  controlled-release fertilizers market is
  projected to witness steady growth in the years
  to come as these elements continue to relate and
  evolve.
• What are controlled-release fertilizers?
• Controlled-release fertilizers (CRF) are a
  type of fertilizer designed to release
  nutrients gradually over an extended period,
  rather than all at once. This controlled release
  is typically achieved through various mechanisms,
  including coating the fertilizer granules with a
  semi- permeable material or incorporating the
  nutrients into a matrix that slowly breaks down
  in response to environmental factors such as
  temperature, moisture, and microbial activity.
• Here are several benefits to using
  controlled-release fertilizers
• Reduced nutrient leaching By releasing
  nutrients slowly, CRF reduces the risk of
  nutrient leaching into groundwater or
  runoff, which can harm the environment and
  waste fertilizer.
• Improved nutrient efficiency Controlled-release
  fertilizers provide nutrients to plants in a
  more consistent and balanced manner, which
  can improve nutrient uptake efficiency and
  reduce the need for frequent applications.
• Reduced labor and costs Because CRF requires
  fewer applications compared to traditional
  fertilizers, it can reduce labor and application
  costs for farmers and gardeners.

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• Decreased risk of nutrient toxicity
  Slow-release of nutrients helps to prevent
  nutrient buildup in the soil, reducing the risk
  of nutrient toxicity to plants.
• Enhanced plant growth and health By providing a
  steady supply of nutrients over time,
  controlled-release fertilizers can promote
  healthier plant growth, improved crop yields, and
  better overall plant health.
• Controlled-release Fertilizers Market Trends
• Here are some of the controlled-release
  fertilizers market trends are -
• Growing Demand for High-Efficiency
  Fertilizers Farmers are increasingly adopting
  controlled-release fertilizers due to their
  ability to improve nutrient use efficiency,
  reduce nutrient losses, and enhance crop yields.
  This demand is particularly strong in regions
  facing challenges related to soil degradation,
  water scarcity, and environmental pollution.
• Technological Advancements Continuous research
  and development efforts are leading to the
  development of innovative controlled-release
  fertilizer formulations with enhanced nutrient
  release characteristics, longer durations of
  nutrient availability, and improved
  compatibility with various soil types and
  cropping systems.
• Environmental Concerns and Regulations
  Environmental concerns regarding nutrient runoff,
  water pollution, and greenhouse gas emissions are
  driving the adoption of controlled-release
  fertilizers. Regulatory initiatives aimed at
  mitigating these issues, such as restrictions on
  nutrient application rates and runoff control
  measures, are further fueling the demand for
  environmentally friendly fertilizer solutions.

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• Focus on Sustainable Agriculture Sustainable
  agriculture practices, including the use of
  precision farming techniques and
  eco-friendly inputs like controlled-release
  fertilizers, are gaining traction globally.
  These fertilizers align with sustainable
  agriculture goals by promoting efficient
  nutrient management, reducing environmental
  impacts, and supporting long-term soil health and
  productivity.
• Increasing Adoption in Horticulture and Specialty
  Crops Controlled-release fertilizers are
  finding expanding applications in high-value
  crops such as fruits, vegetables, and
  ornamentals. Their precise nutrient release
  profiles and customizable formulations cater to
  the specific nutritional requirements of these
  crops, contributing to improved quality, yield,
  and marketability.
• Market Expansion in Developing Regions Rapid
  urbanization, population growth, and changing
  dietary preferences in emerging economies are
  driving the adoption of advanced agricultural
  technologies, including controlled- release
  fertilizers. As these regions seek to
  enhance food security and agricultural
  productivity sustainably, the demand for
  controlled-release fertilizers is expected to
  increase significantly.
• Controlled-release Fertilizers Market
  Opportunities Crop-specific nutrient
  management through precision farming practices
• Crop-specific nutrient management through
  precision farming practices presents significant
  opportunities for the controlled-release
  fertilizers market. Precision farming, which
  involves using technology to tailor
  agricultural practices to the specific needs
  of different crops, synergized with
  controlled-release fertilizers to enhance
  efficiency, productivity, and sustainability
  in agricultural operations.
• Precision farming allows for the fine-tuning
  of nutrient requirements for different
  crops. Controlled-release fertilizers can be
  formulated to release nutrients in
  accordance with

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specific crop growth stages, ensuring
optimal nutrient availability when needed
most. Precision farming minimizes
over-fertilization by applying nutrients only
where and when needed. Controlled-release
fertilizers further reduce wastage by
delivering nutrients gradually and minimizing
runoff. Thus, the synergy between
crop-specific nutrient management through
precision farming practices and
controlled-release fertilizers presents a
wealth of opportunities. These
opportunities encompass optimized nutrient
delivery, enhanced crop performance, resource
efficiency, and environmental sustainability.
As technology continues to advance, the
controlled-release fertilizers market is
well-positioned to capitalize on these
opportunities to support modern, data-driven
agriculture. Controlled-release Fertilizers
Market Share The key players in this market
include Yara (Norway), Nutrien Ltd. (Canada),
Mosaic (US), ICL (Israel), Nufarm (Australia),
Kingenta (China), ScottsMiracle-Gro (US), Koch
Industries (US), Helena Chemicals (US), and SQM
(Chile). Controlled-release Fertilizers Industry
News 1. In June 2023, BASF and Yara
Clean Ammonia collaborated to explore
establishing a large-scale low-carbon blue
ammonia production facility, accompanied by
carbon capture technology, in the US Gulf
Coast region. With a projected annual capacity
of 1.2 to 1.4 million tons, the plant aims to
cater to the surging global demand for
environmentally friendly ammonia. This
partnership leverages its successful history of
cooperation and seeks to substantially diminish
the carbon footprint of its operations. Ammonia
is a key raw material for producing
fertilizers, including controlled-release
fertilizers. Yaras production of clean ammonia
with a lower carbon footprint
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• might positively influence the environmental
  credentials of the controlled- release
  fertilizers.
• 2. In September 2022, ICL marked a
  significant advancement in controlled- release
  urea technology with the introduction of
  eqo.x. a groundbreaking, rapidly biodegradable
  release technology designed for open-field
  agriculture. Enabled by a specialized coating,
  this pioneering solution empowers farmers to
  optimize agricultural crop performance while
  concurrently mitigating environmental
  repercussions. It achieves this dual
  objective by curbing nutrient loss and
  elevating nutrient use efficiency (NUE) by
  a remarkable 80. The release technology
  facilitates the potential for heightened or
  comparable yields with decreased fertilizer
  quantities and aids in lowering nitrogen
  application frequency and volume.
  Furthermore, it ensures a uniform and
  dependable release of nutrients, fostering
  predictability and consistency in nutrient
  provision.
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• Controlled-release Fertilizers Market Regional
  Analysis North America
• The North American market for controlled-release
  fertilizers is significant due to the presence of
  large agricultural economies like the United
  States and Canada.
• Technological advancements and a focus on
  sustainable agriculture practices have been
  driving the adoption of controlled-release
  fertilizers in this region.

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• 3. Environmental regulations aimed at reducing
  nutrient runoff and improving soil health have
  also contributed to the growth of this market.
• Europe
• Europe has been a key region for the
  adoption of controlled-release fertilizers,
  driven by stringent environmental
  regulations and a strong emphasis on
  sustainable agriculture.
• Countries like Germany, France, and the
  Netherlands have been at the forefront of
  adopting innovative agricultural practices,
  including the use of controlled-release
  fertilizers.
• Increasing concerns about water pollution and
  eutrophication have further fueled the demand for
  these fertilizers in Europe.
• Asia-Pacific
• The Asia-Pacific region represents a
  significant opportunity for the
  controlled-release fertilizers market due to its
  large agricultural sector and increasing
  awareness about the benefits of balanced nutrient
  management.
• Countries like China and India, with their vast
  agricultural lands and growing populations,
  present substantial growth prospects for
  controlled-release fertilizers.

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• Latin America
• Latin America is a major agricultural hub,
  with countries like Brazil and Argentina
  being key players in global agriculture.
• The adoption of controlled-release
  fertilizers in this region has been
  increasing steadily, driven by factors
  such as improving agricultural
  productivity, reducing environmental impact,
  and optimizing nutrient use efficiency.
• Government initiatives promoting sustainable
  agriculture and the need to address soil
  degradation issues are expected to further boost
  the demand for controlled-release fertilizers in
  Latin America.
• Middle East Africa
• The Middle East Africa region has shown growing
  interest in controlled- release fertilizers,
  primarily driven by the need to enhance food
  security and improve agricultural productivity in
  arid and semi-arid regions.
• Water scarcity and soil degradation issues are
  significant challenges faced by countries in this
  region, which has led to increased adoption of
  technologies like controlled-release fertilizers
  to optimize nutrient use and improve crop yields.
• Key Questions Addressed by the Controlled-release
  Fertilizers Market Report

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1. Which region is projected to account for
   the largest share of the controlled-released
   fertilizers market?
2. Which are the major controlled-release
   fertilizers product types considered in the
   study and which segments are projected to
   have promising growth rates in the future?
3. What kind of information is provided in
   the competitive landscape section?