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

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 and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, Turf and Ornamentals, and Other Applications), and Geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers market size and forecasts in terms of value (USD million) for all the above segments.

Market Snapshot

Controlled Release Fertilizer Market Growth
Study Period: 2017-2027
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 6.8 %
Controlled Release Fertilizer Market Key Players

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Market Overview

The controlled release fertilizer market is projected to register a CAGR of 6.6% over the forecast period (2022-2027). According to the International Fertilizer Association, in 2020, a combination of poor farm economics and logistical disruptions resulting from the COVID-19 pandemic and related lockdowns resulted in a fall in demand by nearly 3% from July 2020 to June 2021. Moreover, the golf and turf courses are one of the major recipients of controlled-release fertilizers. They have remained closed due to lockdown restrictions. This has led to a decrease in demand for biodegradable CRF in the country.

The controlled-release fertilizer market is driven by growing demand for high-efficiency fertilizer that can fulfill the nutrients requirements as well as uplift nutrients within the crop. The rising world population, coupled with the increasing adoption of smart farming products and techniques by farmers, is expected to drive the globally controlled-release fertilizer market.

Optimization of nitrogen is eminent in turfgrass 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 turfgrass production is expected to boost the market during the forecast period.

The future of the market will see a number of technological advancements in terms of research and development of alternate mechanisms for slow-release fertilizers NPK and urea fertilizers. Upcoming technologies, like inverse suspension polymerization, which are primarily at the research stage currently, will pick up the pace and soon be commercialized by companies.

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 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 and cereals, pulses and oilseeds, commercial crops, fruits and vegetables, turf and ornamentals, and other applications), and geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers market size and forecasts in terms of value (USD million) for all the above segments.

Type
Condensation Products of Urea and Aldehydes
Urea Formaldehyde (UF)
Isobutylidenediurea
Crotonylidenediurea
Coated and Encapsulated Fertilizers
Sulfur-coated Fertilizers
Polymer-coated Fertilizers
Polymer-coated Urea
Polymer-coated NPK Fertilizers
Sulfur-polymer Coated Fertilizers
Other Coated and Encapsulated Fertilizers
Other Controlled Release Fertilizers
Application
Grains and Cereals
Pulses and Oilseeds
Commercial Crops
Fruits and Vegetables
Turf and Ornamentals
Other Applications
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
Asia-Pacific
India
China
Japan
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Africa
South Africa
Rest of Africa

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Key Market Trends

Depleting Soil Quality and Declining Agricultural Land are Driving the Demand

The increasing usage of mineral fertilizers led to over-accumulation of fertilizers in the 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 the Ordos. According to the New Delhi-based National Academy of Agricultural Sciences (NAAS), the annual soil loss rate in India is about 15.35 tonnes per ha, resulting in a loss of 5.37-8.4 million tonnes of nutrients. The loss of soil has another immediate major impact on crop productivity.

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.

Moreover, according to a study by the University of Sheffield’s Grantham Centre for Sustainable Futures, soil degradation has been occurring at a pace such that the rate of erosion is 100 times greater than the rate of soil formation, owing to intensive farming practices and excessive residues of non-biodegradable fertilizers. In contrast, the study notes that it takes around 500 years to create 2.5 centimeters of topsoil under unhindered ecological changes, while almost 95% of the total food production takes place in the uppermost layer of soil.

Controlled Release Fertilizer Market Share

North America Dominates the Global Market

North America witnessed consistent growth and thus is expected to provide potential market opportunities. The North American controlled-release fertilizer market accounts for a major share of 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.

The growing demand for ornamental horticulture is recognized to have a significant impact on the soil due to continuous leaching. Polymer-coated fertilizers are used to minimize leaching in ornamental plants, which, in turn, is expected to drive the controlled release of fertilizer during the forecast period. Crops, like pineapples, are liable to the leaching of potassium. For example, in Florida, the use of Haifa “Multicote” in pineapple increased the yield by 72 metric ton per hectare, compared to an average 50 metric ton per hectare.

Controlled Release Fertilizer Market Size

Competitive Landscape

The results of the market share analysis indicate a consolidated global controlled-release fertilizer market. ICL Group, Haifa Group, Ekompany International BV, Nutrien Limited, and Florikan ESA LLC are the major players in the global market. The greater market share of these companies is primarily due to their 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 their market share and improve their production capabilities using innovative technology.

Recent Developments

In June 2021, Nutrient Ltd., the world's major provider of crop services and solutions, announced implementing the Cat Command for Dozing remote-control system at its Aurora, NC, Phosphate facility to create a safer working environment improve reliability. It is the first company in the fertilizer industry to implement this innovative technology, allowing workers to operate bulldozers safely from a few thousand feet away in an indoor control station.

In 2021, ICL Group released the new Osmocote 5 product, which delivers a super-efficient and effective nutrient release and has been designed and developed to overcome specific nutritional challenges faced by growers using peat-reduced and peat-free growing media. It features unique nutrient matching release technology and an improved Optimised Trace Element Availability (OTEA) system to match plants’ needs throughout the release program.

In 2020, Pursell Agri-Tech expanded the reach of its next-generation coating technologies across the Southeast and beyond. The Savannah plant will produce biodegradable controlled-release fertilizers (CRF) for the turf, ornamental, specialty, and broadacre markets.

In Jan 2019, Haifa Group announced the expansion of its controlled-release fertilizer (CRF) production in LunelVille, south France. The total production capacity at the facility was upgraded to 24,000 MTPA of Haifa's multicoat CRF product range.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Condensation Products of Urea and Aldehydes

        1. 5.1.1.1 Urea Formaldehyde (UF)

        2. 5.1.1.2 Isobutylidenediurea

        3. 5.1.1.3 Crotonylidenediurea

      2. 5.1.2 Coated and Encapsulated Fertilizers

        1. 5.1.2.1 Sulfur-coated Fertilizers

        2. 5.1.2.2 Polymer-coated Fertilizers

          1. 5.1.2.2.1 Polymer-coated Urea

          2. 5.1.2.2.2 Polymer-coated NPK Fertilizers

        3. 5.1.2.3 Sulfur-polymer Coated Fertilizers

        4. 5.1.2.4 Other Coated and Encapsulated Fertilizers

      3. 5.1.3 Other Controlled Release Fertilizers

    2. 5.2 Application

      1. 5.2.1 Grains and Cereals

      2. 5.2.2 Pulses and Oilseeds

      3. 5.2.3 Commercial Crops

      4. 5.2.4 Fruits and Vegetables

      5. 5.2.5 Turf and Ornamentals

      6. 5.2.6 Other Applications

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Spain

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 Germany

        4. 5.3.2.4 France

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Russia

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Japan

        4. 5.3.3.4 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Rest of Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Competitor Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Nutrien Limited

      2. 6.3.2 Yara International ASA

      3. 6.3.3 Israel Chemicals Ltd

      4. 6.3.4 Haifa Group

      5. 6.3.5 Sociedad Quimica Y Minera De Chile SA

      6. 6.3.6 Scotts Miracle Gro

      7. 6.3.7 Compo GmbH and Co. KG

      8. 6.3.8 ATS (Growth Products)

      9. 6.3.9 JNC Corporation (Chisso)

      10. 6.3.10 Kingenta International

      11. 6.3.11 Ekompany International BV

      12. 6.3.12 Koch Fertilizer LLC

      13. 6.3.13 Florikan ESA LLC

      14. 6.3.14 Mivena BV

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. AN ASSESSMENT OF COVID-19 ON THE MARKET

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Frequently Asked Questions

The Controlled Release Fertilizer Market market is studied from 2017 - 2027.

The Controlled Release Fertilizer Market is growing at a CAGR of 6.8% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Haifa Group, ICL Group, Nutrien Limited, Ekompany International BV, Florikan ESA LLC are the major companies operating in Controlled Release Fertilizer Market.

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