Controlled-release Fertilizer Market by Application and Geography - Forecast and Analysis 2021-2025

“The Controlled-release Fertilizer Market study is a comprehensive report with in-depth qualitative and quantitative research evaluating the current scenario and analyzing the growth USD 800.95 million and CAGR of 6% by segment Application and Geography during the forecast period 2020 to 2025” 

Furthermore, this report extensively covers the smart home appliances market segmentation by application (cereals and grains, oilseeds and pulses, fruits and vegetables, and others) and geography (APAC, North America, Europe, South America, and MEA). The market report also offers information on several market vendors, including Haifa Group, Helena Agri-Enterprises LLC, Israel Chemicals Ltd., Koch Industries Inc., Nufarm Ltd., Nutrien Ltd., Sociedad Quimica y Minera de Chile SA, Sumitomo Chemical Co. Ltd., The Mosaic Co., and Yara International ASA

What will the Controlled-release Fertilizer Market Size be During the Forecast Period?

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Parent Market Analysis

Technavio categorizes the Controlled-release Fertilizer Market as a part of the Materials industry within the Chemicals industry. Our Technavio research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the forecast year.

Controlled-release Fertilizer Market: Key Drivers, Trends, and Challenges

Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the controlled-release fertilizer industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge. 

Key Controlled-release Fertilizer Market Driver

One of the key factors driving growth in the market is the benefits when compared to other coated and non-coated fertilizers. Proper nutrient management is completely dependent on the four R's, i.e., the right nutrient, at the right time, at the right rate, and in the right place for the selected crop. Controlled-release fertilizers, slow-release fertilizers (SRFs), and quick-release fertilizers (QRFs) belong to the category of enhanced efficiency fertilizers or speciality fertilizers. Controlled-release fertilizers and SRFs are coated fertilizers, whereas QRFs are non-coated fertilizers. QRFs are water-soluble fertilizers and are majorly applied to the soil for better productivity. However, QRF is independent of the temperature and moisture content of the soil, thus releasing all the nutrients soon after application. Plants require different rates of nutrient release during their life cycle. The consumption of QRF is very limited due to its consistent rate of nutrient release, which does not synchronize with the dynamic growth rate of crops. Similarly, SRF is a coated speciality fertilizer that releases nutrients to the soil based on moisture and temperature of the soil. The nutrient release is very slow. Based on functionality and performance, it is of two types, such as organic and synthetic SRFs. The release of nutrients in the case of controlled-release fertilizer synchronizes with the changing requirement of crops, environmental parameters, and the growth pattern. Thus, better performance and timely nutrient release enable farmers to depend on controlled-release fertilizer more. Thus, it is expected to have a significant growth rate during the forecast period. 

Key Controlled-release Fertilizer Market Challenge

The higher prices for engineered fertilizers than conventional fertilizers will be a major challenge for the market during the forecast period. One of the most important restraining factors for the growth rate of the market is the high cost of the product. The price for engineered fertilizers is very high when compared to conventional fertilizers like urea and NPK fertilizers. Controlled-release fertilizer contains special polymer coatings that measure the rate, duration, and pattern of nutrient release. They have encapsulations that measure all parameters for plant growth. The product can be customized for specific purposes during the manufacturing stage. Thus, due to polymer encapsulation, controlled-release fertilizer is costly and expensive. Thus, even after displaying excellent features compared to organic, synthetic, and non-coating fertilizers, the expensive nature of the product can pose a severe threat to the growth of the market. 

Controlled-release Fertilizer Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Who are the Major Controlled-release Fertilizer Market Vendors?

Helena Agri-Enterprises LLC - Controlled-release fertilizers: Coron is the controlled-release fertilizer offered by the company. Through the Helena products segment, the company offers Adjuvants, Helena fertilizers, crop protection products, Coron, and seed treatment products. Through the distributed products segment, the company distributes fertilizers, seeds, and crop protection products manufactured by other companies.

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

• Haifa Group
• Helena Agri-Enterprises LLC
• Israel Chemicals Ltd.
• Koch Industries Inc.
• Nufarm Ltd.
• Nutrien Ltd.
• Sociedad Quimica y Minera de Chile SA
• Sumitomo Chemical Co. Ltd.
• The Mosaic Co.
• Yara International ASA

 

This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Controlled-release Fertilizer Market?

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55% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for controlled-release fertilizer in APAC. Market growth in this region will be faster than the growth of the market in other regions.

APAC is expected to witness the fastest growth rate during the forecast period, majorly due to improved farming methodologies and crop yields. Additionally, farmers are becoming acquainted with the benefits of controlled-release fertilizer in farming applications over other conventional fertilizers in the market. China and India are the leading countries that create increased demand for controlled-release fertilizer owing to their increased productivity. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

As the COVID-19 situation worsened, farmers faced a cash shortage due to lockdowns and closure of microfinance institutions which hampered their agriculture in 2020 and consequently controlled-release fertilizer. However, in the recovery phase of COVID-19, with a sustained decline in COVID-19 cases, there has been an improvement in the economies of the countries in the region. Also, allowing for a gradual relaxation of formerly stringent epidemic control measures paved the reopening of agricultural activities. Thus, all the factors will positively impact the application of controlled-release fertilizers, which, in turn, will drive the regional market during the forecast period.

What are the Revenue-generating Application Segments in the Controlled-release Fertilizer Market?

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The market share growth by the Oilseeds and pulses segment will be significant during the forecast period. Oilseeds and pulses are the second-largest application segment of the market. The crucial factors for the increased use of controlled-release fertilizer in the cultivation of oilseeds and pulses are mainly dependent on the availability of farmlands. It is valued as an organic product and a healthy diet supplement. Additionally, oilseed is a majorly exported product. This factor improves the demand for controlled-release fertilizer. Also, the government of different countries has been adopting strategies to increase oilseed and pulses production. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.

Controlled-release Fertilizer Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 6%
Market growth 2021-2025	$ 800.95 million
Market structure	Fragmented
YoY growth (%)	5.24
Regional analysis	APAC, North America, Europe, South America, and MEA
Performing market contribution	APAC at 55%
Key consumer countries	China, US, India, Canada, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Haifa Group, Helena Agri-Enterprises LLC, Israel Chemicals Ltd., Koch Industries Inc., Nufarm Ltd., Nutrien Ltd., Sociedad Quimica y Minera de Chile SA, Sumitomo Chemical Co. Ltd., The Mosaic Co., and Yara International ASA
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Controlled-release Fertilizer Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive market growth during the next five years
• Precise estimation of the market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behaviour
• The growth of the controlled-release fertilizer industry across APAC, North America, Europe, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of market vendors

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