The global controlled-release fertilizers market is estimated at USD 2.4 billion in 2020 and is projected to reach USD 3.2 billion by 2025. The controlled-release fertilizers market is projected to grow at a rate of 6.3% during the forecast period. Factors driving the market include an increase in demand for highly efficient fertilizers, favorable government regulations, a rise in demand for high-value crops, and an increase in the number of investments from key players in this market. The growing environmental concerns associated with nutrient loss through soil leaching and runoffs from fields on the using excess conventional fertilizers are effectively addressed by these fertilizers.
Report Objectives:
- To define, segment, and project the global market size for the controlled-release fertilizers market
- To understand the structure of the controlled-release fertilizers market by identifying its various subsegments
- To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To analyze the micromarkets, with respect to individual growth trends, future prospects, and their contribution to the total controlled-release fertilizers market
- To project the size of the market and its submarkets, in terms of value and volume, with respect to the regions (along with their respective key countries)
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The fertigation segment of controlled-release fertilizers is projected to account for the largest market share, by mode of application
The controlled-release fertilizers market, by application method, was dominated by the fertigation segment. Fertigation is a technique that has been adopted by major countries. In this technique, the fertilizer is included with irrigation water and applied through systems. This technique witnesses better application than broadcasting and subsurface placement. Owing to the increasing irrigated land, fertigation is highly preferred as a suitable application method adopted in both developed and developing countries across the globe for the application of these fertilizers. Also, the labor costs are reduced to a large extent through the adoption of these techniques, which also adds to their increasing demand.
The N-stabilizers segment is projected to account for the largest controlled-release fertilizers market share, by type
In terms of volume, the N-stabilizers segment is projected to account for the largest market share during the forecast period. Asia Pacific accounted for the largest share of the N-stabilizers fertilizers market in 2020, owing to their vast adoption across the globe for agricultural crops and its viable purchasing price. Another factor could be the extensive use of nitrification inhibitors and Urease Inhibitors for non-agricultural usage in developed countries. In terms of value, the coated & encapsulated segment is projected to be the fastest-growing, during the forecast period, and slow-release in terms of value.
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Asia Pacific is projected to witness significant growth during the forecast period
Asia Pacific accounted for the largest share. The region is projected to grow at the highest CAGR of 6.2% & 6.0% in terms of value & volume, respectively, during the forecast period. The increasing growth of high-value crops and raising awareness among farmers about the environmental benefits of controlled-release fertilizers are expected to provide more scope for market expansion. The government policies adopted by Asia Pacific countries and the large subsidies, in certain countries up to 100% for marginal farmers, provided on fertilizers are the major factors triggering the growth of this market in the region. R&D investments in the development of coated fertilizers and the installation of new production capacities by key players are expected to boost the market in the next five years.
Key Questions Addressed by the Report:
- What are the growth opportunities in the controlled-release fertilizers market?
- What are the major and new product launches in the controlled-release fertilizers market?
- What are the significant trends that are disrupting the controlled-release fertilizers market?
- What are some of the major regulatory challenges and restraints that the industry faces?
- Which region is projected to emerge as a global leader by 2025?