Market Overview
Global Polymer Coated Fertilizers Market was USD 2.10 billion in 2023 and is anticipated to exhibit healthy growth over the forecast period with a CAGR of 5.95% from 2023-2029.
| Forecast Period | 2025-2029 |
| Market Size (2023) | USD 2.10 Billion |
| Market Size (2029) | USD 2.98 Billion |
| CAGR (2024-2029) | 5.95% |
| Fastest Growing Segment | Polymer Coated NPK |
| Largest Market | North America |
One of the most important driving forces behind this evolution is the world’s growing population, which has placed pressure on food production to accelerate. Because there is only so much land that is fertile enough to be cultivated, farmers are under pressure to grow more without expanding the ecological footprint. Polymer-coated fertilizers successfully solve this problem by releasing the nutrients slowly over a long period of time, thereby giving a constant supply of essential nutrients to plants throughout their lifespan.
Growing World Population is driving Market Growth
The rising population of the world is one of the main drivers of the growth of the world polymer-coated fertilizers market. With the world population expected to grow beyond 9 billion by the year 2050, demand for food will rise exponentially. The growing population forces agricultural systems to produce greater amounts of food to cater to the growing demand. The arable land size is, however, limited, and therefore there is a need to increase agricultural productivity. Polymer-coated fertilizers are key to evading this limitation by improving nutrient efficiency, minimizing nutrient wastage, and maximizing yield.
Agricultural Technological Advances Fuel the Market Growth
Advances in technology in agriculture are the key driver for the growth of the global market for polymer-coated fertilizers. The technology advancements comprise the advancements in coating technologies, precision agriculture technologies, and agronomic research. Utilizing the advancements, the polymer-coated fertilizers have become better to provide better nutrient management, increased yield, and improved environmental sustainability and thus promote their use by farmers across the globe.
The key areas of innovation in agricultural technology relevant to polymer-coated fertilizers are the innovation of novel coating formulations. The coating is a carrier of the nutrient, managing their release into the soil over time. Developments in coating technologies have led to coatings with increased durability, controlled-release properties, and compatibility with a wide range of fertilizer formulations. These developments have improved the performance and versatility of polymer-coated fertilizers and made them suitable for application on diverse crops, soils, and environments. Developments in coating technologies have enabled the customization of the release profiles of nutrients to match the unique needs of crops and soils. Different crops have different nutrient uptake patterns and growth phases, which have specific nutrient management regimes. Polymer-coated fertilizers can be formulated to deliver nutrients at rates matching the nutritional demand of the crop, enabling optimal delivery of nutrients throughout the growth cycle. This customization capability enhances the performance of controlled-release fertilizers and results in increased crop yield and quality.
Key Market Players
- Nutrien Ltd
- J.R.Simplot Company
- Haifa Negev technologies LTD
- ICL Group Ltd
- DeltaChem
- Florikan ESA LLC
- Knox Fertilizer Company Inc.
| By Type | By Crop Type | By Region |
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Segmental Insights
Type Insights
According to the Type category, the Polymer Coated NPK category led the world market for polymer-coated fertilizer in 2023. Polymer-coated NPK fertilizers provide farmers a simple solution, giving them a balanced proportion of the needed nutrients that are derived based on different crop requirements. The ease in handling the nutrients makes the practice a simple one to manage for farmers growing different crops. The polymer coating technology provides the controlled release of nutrients, which provides plants with an easy supply and avoids loss through leaching, volatilization, and runoff. With the optimization of nutrient efficiency, conservation of inputs, and simplicity in sustainable agricultural practice, the fertilizers enhance the normal growth and development of the plant during the period of crop growth. Their extended service life as compared to the traditional fertilizer type reduces the reapplication frequency, saving labor and equipment costs. The controlled-release technology is also beneficial in reducing environmental concerns, as it reduces the runoff of nutrients and greenhouse gas emissions from fertilizer use, enhancing water quality conservation and climate change mitigation activities. These factors are likely to propel the growth of this category.
Regional Insights
North America was the dominant region in the worldwide market for polymer coated fertilizers in 2023, holding the highest value share.
The widespread adoption of precision agriculture technology and sustainable farming in North America also drives the market for polymer-coated fertilizers. The products are highly demanded due to their potential to optimize the use of nutrients, minimize the environmental impact, and boost yields, all of which are supportive of the region’s emphasis on sustainable farming methods.
Also Recent Developments In November 2023 – CoteX Technologies, a new Canadian agricultural technology company, and Nutrien, the world’s largest crop inputs and services company, have today officially announced their collaboration under a Memorandum of Understanding (MOU). The goal is to pursue the commercialization of a new coating technology for producing an affordable, environmentally friendly nitrogen fertilizer solution optimized for large acreage crops in the North American market. CoteX Technologies, based in Nova Scotia, Canada, manufactures a cost-saving, adjustable controlled-release fertilizer (CRF) coating. The new coating is designed to reduce environmental impact significantly. Importantly, the biodegradable nature of the coating enables slow release of the fertilizer into the ground over a very long period of time. This measure is utilized to limit greenhouse gas emissions and prevents any leftover material, which aids in the sustainability goals in the agricultural sector. In September 2022, ICL, global specialty minerals group, has made a breakthrough in controlled release urea with the introduction of eqo.x. New release technology, specifically designed for open field farming, is a breakthrough in the industry. Through a unique coating, eqo.x enables quick biodegradability, offering farmers the choice to optimize crop performance while reducing
