Controlled Release Fertilizer Market Insights
The global controlled release fertilizer market is projected to grow potentially over the forecast period. The market growth is expected to be positively influenced by growing demand for high-efficiency fertilizers to minimize nutrient losses. The market growth is also attributed to factors such as low nutrient recovery by crops
In the case of CRF, the nutrients are released slowly and ideally at the rate that plants use them, thus the amount of nutrients drained during watering is minimal in comparison to using water-soluble fertilizers. This is likely to reduce the impact of fertilizers on the environment.
Moreover, benefits associated with the product such as patterned nutrient release and their effect on the agricultural yield are projected to propel the market growth.
Controlled Release Fertilizer Market: Type Insights
On the basis of type, the industry is segmented into Slow-Release, Coated & Encapsulated, N-Stabilizers. The slow release fertilizers include urea-formaldehyde, urea-isobutyraldehyde, and urea-acetaldehyde. While the coated & encapsulated fertilizers include Sulfur Coatings, Polymer Coatings, and Sulfur-Polymer Coatings among others, the N-Stabilizers include Nitrification Inhibitors and Urease Inhibitors.
The demand for coated & encapsulated fertilizers is projected to grow at a considerable rate over the coming years. In case of encapsulated fertilizers, the nutrients are released at slow, controlled rates through the fertilizer's coating resulting in a sustained feeding of the plants. Thus, this leads to reduced fertilizer's losses and minimized environmental pollution. Along with this, these fertilizers are more efficient than soluble fertilizers. Since the nutrients are released at a slow sustained rate rather than a sudden surge, a large percentage of nutrients are absorbed by the plant and thus are not washed away through the soil.
Controlled Release Fertilizer Market: Crop Type Insights
On the basis of crop type, the global controlled release fertilizer market is classified as cereals & grains, oilseeds & pulses, fruits & vegetables, plantation crops and turf & ornamentals among others. The demand for cereals & grains is likely to grow at a high rate on account of rising adoption of CRF mainly in the form of stabilizers and coated fertilizers in countries such as China, India, and the U.S. Along with this, growing awareness towards sustainable agricultural practices is also anticipated to stimulate market growth.
The fruits & vegetable segment are also anticipated to grow at a considerable rate over the forecast period. Factors such as increasing adoption of CRF by farmers in regions such as Europe and the Asia Pacific for the cultivation of fruits & vegetables is likely to account for the market growth.
Controlled Release Fertilizer Market: Application Method Insights
By application method, the market is segregated into foliar and fertigation among others. The fertigation segment is projected to grow rapidly over the coming years. Increasing preference of this technique among farmers owing to factors such as less amount of water requirement, saving of fertilizer, time, labour and reduced energy use among others. Other benefits associated with fertigation such as 25-50 percent increased yield along with ease in the application are likely to stimulate market growth.
Controlled Release Fertilizer Market: Regional Insights
Controlled Release Fertilizer is projected to breathe in new opportunities in the Asia Pacific region over the next few years. The regional growth is expected to be influenced by factors such as increasing awareness towards sustainable agricultural practices. Moreover, the rising application of encapsulated fertilizers with polymer and latex coatings is also expected to be one of the major influencing factors.
The Central & South American region is also anticipated to explore immense opportunities over the coming years.
Controlled Release Fertilizer Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase controlled release fertilizer over the coming years. Some leading consumers of controlled release fertilizer are General Mills, Cereal Partners Worldwide, Ralcorp Holdings, Gebbers Farms and Fowler Packing.
Controlled Release Fertilizer Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Controlled Release Fertilizer Market Share & Competitor Analysis
Some of the players operating in the global controlled release fertilizer market include Agrium, Yara , ICL, Scottsmiracle-Gro, Koch Industries, Helena Chemical, Kingenta, SQM, Haifa Chemicals and Jcam Agri.
In July 2018, Huron Bay Co-operative announced opening a 7000 t capacity fertilizer blending and storage facility in Walkerton, Canada. The new facility is projected to carry up to 12 different products at the same time. The unit is also expected to meet up the fertilizer requirements of grains, canola, corn, soybeans and winter wheat cultivators in the region.
In March 2018, Bio-on researchers announced a revolutionary new technology: U Coat, a biodegradable solution for the controlled release of urea fertilisers into the soil. By aiming at a more effective dose and low fertiliser consumption, the technology aims at reducing the pollution level.
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