Market Overview
Global Controlled Release Fertilizers Market was estimated at USD 2.16 Billion in 2023 and is anticipated to show a fantastic growth during the forecast period with a CAGR of 6.16% from 2023 to 2029.
Controlled Release Fertilizers (CRF) or slow-release fertilizers are a kind of fertilizer which is designed to provide a gradual and consistent supply of nutrients to plants over a long period of time. They offer some advantages over conventional fertilizers, which release nutrients rapidly and perhaps more often. The key feature of CRF is their ability to supply essential nutrients (such as nitrogen, phosphorus, and potassium) in a stable and controlled fashion. The release is often extended over weeks or months, depending on the formulation type and coating technology used. Controlled Release Fertilizers are processed in a number of different forms, which may be adapted for the nutrient requirement of various crops and types of soil. By this means, it becomes achievable to supply the nutrients in controlled amounts based on the different nutritional requirements of varying plants at varying growth stages. One of the main advantages of CRF is that it curtails nutrient loss through leaching and runoff. By gradually releasing nutrients, CRF enhances nutrient use efficiency such that a greater proportion of the applied nutrients is utilized by plants and less is lost to the environment.
Request for a sample of this research report @https://www.marketinsightsresearch.com/request/download/29/55670/controlled-release-fertilizers-market
Key Market Players
- ATS Group of Companies
- COMPO GmbH
- Ekompany International B.V
- Greenfeed Agro Sdn. Bhd.
- Haifa Group
- Hanfeng Evergreen Inc.
- Harrell’s LLC
- HIF Tech Sdn Bhd
- Israel Chemicals Ltd
- JNC Corporation
| By Type | By End Use | By Mode of Application | By Region |
|
|
|
|
There is growing concern regarding the environmental impacts of traditional fertilizers. Controlled release fertilizers, which reduce nutrient runoff and leaching, are seen as more environmentally friendly, in line with global efforts towards sustainable agriculture. Government incentives in the form of subsidies, stimulus packages, and rules favoring environmentally friendly cultivation techniques can be instrumental in ensuring the use of controlled release fertilizers. Resilient market growth is due to policies promoting sustainable nutrient utilization. Cropping diversification patterns and rotations are becoming more widespread among farmers. Controlled release fertilizers can be formulated for multiple crops, using a specific strategy for nutrient delivery according to a particular crop type. In regions where there is water scarcity, controlled release fertilizers can be beneficial. Their gradual release of nutrients can coincide with the availability of water, so that crops can be nourished with nutrients during their watering. The growing market for specialty crops like fruits and vegetables likes to induce greater use of controlled release fertilizers. Controlled release fertilizers can be designed to suit the specific nutrient requirement of specialty crops.
For more insights on Market trends, opportunities, and competitive strategies, get a customized research report:https://www.marketinsightsresearch.com/request/customization/29/55670/controlled-release-fertilizers-market
Segmental Insights
Mode of Application Insights
The Global Controlled Release Fertilizers Market Fertigation segment accounted for the maximum share in 2023 and is anticipated to expand in the coming few years. Fertigation or the application of fertilizers by way of irrigation is consistent with precision agriculture practices. It is a method under which controlled release fertilizers can be accurately controlled and made available to provide optimal nutrients to crops. Fertigation maximizes the use of controlled release fertilizers by direct delivery to plant root systems. Targeted action maximizes nutrient absorption and reduces wastage, thereby ensuring more effective and cost-efficient use of resources. Fertigation can integrate water and nutrient management using one integrated system, with farmers capable of maximizing irrigation as well as fertilizer application. Fertigation systems can lead to resource conservation and improved crop performance. Fertigation systems are adaptable to a range of crops and farming conditions. Controlled release fertilizers used in fertigation can be formulated based on the specific nutrient requirements of different crops, so they are adaptable to be applied over a wide range of applications.
End-Use Insights
The Global Controlled Release Fertilizers Market largest segment in 2023 was of Agriculture segment during the forecast period and is expected to increase further in the next few years. Controlled release fertilizers are made to disburse nutrients very slowly over an extended period, just as accurately as the requirement of crops. Controlled release of nutrients promotes utmost growth and expansion, leading to greater crop output. Controlled release fertilizers enhance the efficiency in using nutrients through offering nutrients in a precise and regulated manner. Such efficiency makes it possible for crops to consume nutrients more optimally, yielding enhanced productivity to farmers. The agricultural sector is shifting towards more sustainable practices. Controlled release fertilizers contribute to addressing environmental concerns by limiting nutrient runoff and reducing impacts on water bodies. This aligns with the growing emphasis on green and sustainable agriculture. Governments and regulations for sustainable agriculture and responsible nutrient use are present in most areas. Subsidy and incentive schemes can be provided to farmers to encourage the utilization of controlled release fertilizers, resulting in their high market share in the agricultural industry. Controlled release fertilizers can be formulated for various crops like grains, oilseeds, fruits, and vegetables. They can be applied in the majority of forms of agricultural practice owing to their adaptability, which attracts farmers cultivating multiple crops.
Regional Insights
The continent of North America dominates the Global Controlled Release Fertilizers Market in 2023. North America, consisting of the United States and Canada, has highly developed and matured agricultural processes. Farmers in North America are typically at the forefront when embracing new technology, including controlled release fertilizers, for optimizing crop productivity and efficiency. North America enjoys a high level of agricultural production and extensive cultivation of crops. Controlled release fertilizers, having the potential to maximize the use efficiency of nutrients and avoid losses, are sought after by farmers who wish to derive more from their crops. In North America, awareness about environmental sustainability has increased, leading to more emphasis on green agriculture. Controlled release fertilizers, in conserving the environment and nutrients from loss through runoff, aid efforts towards sustainability. Government programs and policies in North America can facilitate the adoption of controlled release fertilizers. Incentives, subsidies, and laws promoting sustainable agriculture can spur the adoption of such advanced fertilizers.
Buy this Premium Research Report to explore detailed market trends –https://www.marketinsightsresearch.com/report/buy_now/29/55670/controlled-release-fertilizers-market
Target Group
Controlled- Release Fertilizer producers, formulators, and blenders
Specialty Fertilizer Traders, Fertilizer traders, suppliers, distributors, importers, and exporters
Fertilizer coating technology companies and polymer producers
Polymer coating technology-focused market entrants
Agricultural cooperative societies
Commercial research & development (R&D) organizations and financial institutions
Fertilizer associations and industry organizations such as the International Fertilizer Association (IFA) and the Association of American Plant Food Control Officials (AAPFCO)
Government agricultural departments and regulatory bodies such as the US Environmental Protection Agency (EPA), US Department of Agriculture (USDA) – Animal and Plant Health Inspection Service (APHIS), and Canadian Food Inspection Agency (CFIA)
