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The latest research study “ Controlled Release Fertilizer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ” by IMARC Group, finds that the Global Controlled Release Fertilizer Market size reached US$ 2.75 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 3.95 Billion by 2027 exhibiting a CAGR of 6.10% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Controlled-release fertilizers (CRFs) are granular substances that gradually release nutrients into the soil. They increase the ability of nutrient delivery to crops while lowering health and environmental risks, which is useful in horticulture, agriculture, and silviculture. CRFs also reduce labor costs by eliminating the need to monitor and combine water-soluble fertilizers and limiting the use of expensive injection equipment. They are easy to use, time-saving, and offer several other advantages, including optimal plant development and minimum fertilizer losses. As a result, CRFs find widespread applications in grains, cereals, pulses, oilseeds, commercial crops, fruits and vegetables, etc.
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Controlled Release Fertilizer Market Trends and Drivers:
The minimizing per capita share of fertile land, owing to the lack of nutrients, and the escalating demand for food and crops are primarily driving the controlled release fertilizer market. Besides this, the elevating product requirement to improve soil properties and enhance land productivity and the rising focus of farmers to adopt sustainable agricultural practices, on account of the adverse climatic conditions, are further augmenting the market growth.
Moreover, the growing popularity of CRFs in turfgrass production to prevent nitrate deficiency that may lead to yellowing of the grass and loss of vigor is also catalyzing the global market.
Apart from this, the development of the latest technologies, such as the inverse suspension polymerization for the slow release of these substances, is anticipated to propel the controlled release fertilizer market over the forecasted period.
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The report has been segmented the market into following categories:
Condensation Products of Urea and Aldehydes
Grains and Cereals Pulses and Oilseeds Commercial Crops Fruits and Vegetables Turf and Ornamentals Others
North America United States Canada Asia-Pacific China Japan India South Korea Australia Indonesia Others Europe Germany France United Kingdom Italy Spain Russia Others Latin America Brazil Mexico Others Middle East and Africa
List of Major Key Players:
The major players in the market are AGLUKON Spezialduenger GmbH & Co. KG, COMPO Expert GmbH (Grupa Azoty S.A.), DeltaChem GmbH, Haifa Group, ICL Group Ltd., JNC Corporation, Kingenta Ecological Engineering Co. Ltd., Mivena BV, Nufarm, Sociedad Química y Minera de Chile S.A., The Mosaic Company and Yara International ASA.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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