Controlled Release Fertilizer Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Market Overview

The Global Controlled Release Fertilizer Market is projected to register a CAGR of 6.6% over the forecast period (2020-2025).

• The increasing usage of mineral fertilizers led to over accumulation of fertilizers in soil. Furthermore, currently, the rate of loss of fertile soil is valued at 24 billion metric ton per year, as revealed by a study launched at a meeting of the United Nations Convention to Combat Desertification (UNCCD) in Ordos, China, in 2017. Empirical studies have proven that biodegradable polymer coatings are useful in the controlled release of nutrients into the soil, while reducing nutrient losses, such as ammonia volatilization, along with conservation of soil fertility in the long-run.
• Optimization of nitrogen is eminent in turf grass production as nitrate deficiency may lead to yellowing of the grass and loss of vigor, thus, posing challenges in terms of the cost of maintenance and replacement. As a result, the demand for polymer-coated urea and NPK fertilizers for application in turf grass production is expected to boost the market during the forecast period.

Scope of the Report

A controlled-release fertilizer (CRF) is a form of granulated fertilizer, which releases nutrients slowly into the soil, with a controlled release period, as it contains less soluble chemical compounds. The market is segmented on the basis of type of CRF (coated and encapsulated fertilizer, nitrogen stabilizer, and other controlled release fertilizer), as well as geography.

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Key Market Trends

High and Continuous Nutrient Requirement Driving the Turf & Ornamental Segment

Golf courses are well established across Europe and the region currently claims 22% of the global golf facilities and is home to 22% of all golf projects in construction covering an area of 9,938,000 square km (R&A Championships Limited). Regional companies, like Ekote Technology, based in the Netherlands, introduced a polymer coated biodegradable controlled release NPK fertilizer in 2015, whose product longevity is only affected by soil temperature and not by other environmental factors. The product is widely used across the golf courses, open fields, and ornamentals. <According to the North Dakota State University, Kentucky Bluegrass, Bent grass and Ryegrass are the major cold season turfgrass grown across North America, whereas St. Augustine grass, Cynodon, are some of the warm season turf grasses grown across the region. The trend of using liquid fertilizer by the superintendents on golf courses is undergoing a shift due to the wider adoption of best management practices across the region, including enhanced efficient fertilizer, like controlled release fertilizer. Leisure turf and lawns is one of the most grown crops in the United states. These leisure turf and lawns are mostly preferred by the house owners and commercial places for landscaping to curb the appeal. People in North America are shifting to native grasses as they help in water conservation. For instance, in Texas, native grasses, such as buffalo grass, blue grama, and thunder  turf have been replacing other grass and turf varieties since 2015. This factor is further expected to boost the demand for controlled release fertilizer in the coming years.

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