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The Controlled Release Fertilizer Market is segmented By Type (Condensation Products of Urea and Aldehydes, Coated and Encapsulated Fertilizers, and Other Controlled Release Fertilizers), By Application (Grains & Cereals, Pulses & Oilseeds, Commercial Crops, Fruits & Vegetables, Turf & Ornamentals, and Other Applications), and By Geography.
Study Period:
2016 - 2026
Base Year:
2020
Fastest Growing Market:
Asia Pacific
Largest Market:
North America
CAGR:
6.8 %
The Global Controlled Release Fertilizer Market is projected to register a CAGR of 6.6% over the forecast period (2020-2025).
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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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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North America witnessed consistent growth and thus is expected to provide potential market opportunities. The North American controlled release fertilizer market accounts for major share in the revenue for the region. The first chemically-controlled release products were available as fertilizers, over 50 years ago. High cost, with respect to other nitrogen fertilizers presently, has constrained their utilization in large-scale production of commodity crops, such as, corn, sorghum, wheat, and canola. The application was restricted to special vegetables, orchards, nurseries, seed production, etc. Eliminating superfluous application of fertilizers saves a broadcasting expense of about USD 5 – USD 7 per acre, which acts as a driver for the market.
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The results of market share analysis indicate a consolidated global controlled release fertilizer market. There are six major players, who occupied 57.8% share. ICL Group, Haifa Group, Ekompany International BV, Nutrien Limited, and Florikan ESA LLC, are the major players in the global market. Greater market share of this companies is primarily due to wide presence and production capabilities in many developed countries, such as the Netherlands, Japan, and developing countries, such as China, Malaysia and their numerous products in different segments, such as turf, horticulture, agriculture, and nurseries. Product innovation and partnership are the prime strategies that are followed by the companies to increase the market share and improve their production capabilities using the innovative technology.
1. INTRODUCTION
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Condensation Products of Urea and Aldehydes
5.1.1.1 Urea Formaldehyde (UF)
5.1.1.2 Isobutylidenediurea
5.1.1.3 Crotonylidenediurea
5.1.2 Coated and Encapsulated Fertilizers
5.1.2.1 Sulfur-Coated Fertilizers
5.1.2.2 Polymer-Coated Fertilizers
5.1.2.2.1 Polymer-Coated Urea
5.1.2.2.2 Polymer-Coated NPK Fertilizers
5.1.2.3 Sulfur-Polymer Coated Fertilizers
5.1.2.4 Other Coated and Encapsulated Fertilizers
5.1.3 Other Controlled Release Fertilizers
5.2 Application
5.2.1 Grains & Cereals
5.2.2 Pulses & Oilseeds
5.2.3 Commercial Crops
5.2.4 Fruits & Vegetables
5.2.5 Turf & Ornamentals
5.2.6 Other Applications
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 Spain
5.3.2.2 United Kingdom
5.3.2.3 Germany
5.3.2.4 France
5.3.2.5 Italy
5.3.2.6 Russia
5.3.2.7 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 India
5.3.3.3 Japan
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Africa
5.3.5.1 South Africa
5.3.5.2 Rest of Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Competitor Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Nutrien Limited
6.3.2 Yara International ASA
6.3.3 Israel Chemicals Ltd
6.3.4 Haifa Group
6.3.5 Sociedad Quimica Y Minera De Chile SA
6.3.6 Scotts Miracle Gro
6.3.7 Compo GmbH and Co. KG
6.3.8 ATS (Growth Products)
6.3.9 JNC Corporation (Chisso)
6.3.10 Kingenta International
6.3.11 Ekompany International BV
6.3.12 Koch Fertilizer, LLC
6.3.13 Florikan ESA LLC
6.3.14 Mivena BV
7. MARKET OPPORTUNITIES AND FUTURE TRENDS