Controlled Release Fertilizer Global Market Opportunities And Strategies To 2032

This report describes and explains the controlled release fertilizer market and covers 2017-2022, termed the historic period, and 2022-2027 termed the forecast period, along with further forecasts for the period 2027-2032. The report evaluates the market across each region and for the major economies within each region.

The global controlled release fertilizer market reached a value of nearly $2,910.0 million in 2022, having grown at a compound annual growth rate (CAGR) of 4.1% since 2017. The market is expected to grow from $2,910.0 million in 2022 to $4,380.0 million in 2027 at a rate of 8.5%. The market is then expected to grow at a CAGR of 11.2% from 2027 and reach $7,450.0 million in 2032.

Growth in the historic period resulted from strong economic growth in emerging markets, a rise in demand for agricultural products, a rise in demand for a vegan diet and an increased organic food demand. Factors that negatively affected growth in the historic period were environmental impacts of fertilizers and the COVID-19 impact.

Going forward, an increasing adoption of modern agriculture practices, an increasing population, rising government initiatives and robust research and development activities will drive the growth. Factors that could hinder the growth of the controlled release fertilizer market in the future include fluctuating cost of raw materials of fertilizers and the Russia-Ukraine war impact.

The controlled release fertilizer market is segmented by type into slow release, nitrogen stabilizers and coated and encapsulated. The coated and encapsulated market was the largest segment of the controlled release fertilizer market segmented by type, accounting for 43.9% of the total in 2022. Going forward, the nitrogen stabilizers segment is expected to be the fastest growing segment in the controlled release fertilizer market segmented by type, at a CAGR of 9.1% during 2022-2027.

The controlled release fertilizer market is segmented by form into liquid, granular and powder. The granular market was the largest segment of the controlled release fertilizer market segmented by form, accounting for 60.0% of the total in 2022. Going forward, the liquid segment is expected to be the fastest growing segment in the controlled release fertilizer market segmented by form, at a CAGR of 8.8% during 2022-2027.

The controlled release fertilizer market is segmented by application into foliar, fertigation, soil and other applications. The soil market was the largest segment of the controlled release fertilizer market segmented by application, accounting for 65.2% of the total in 2022. Going forward, the fertigation segment is expected to be the fastest growing segment in the controlled release fertilizer market segmented by application, at a CAGR of 8.9% during 2022-2027.

The controlled release fertilizer market is segmented by end-use into grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables, turf and ornamentals and other end uses. The fruits and vegetables market was the largest segment of the controlled release fertilizer market segmented by end-use, accounting for 47.6% of the total in 2022. Going forward, the pulses and oilseeds segment is expected to be the fastest growing segment in the controlled release fertilizer market segmented by end-use, at a CAGR of 10.6% during 2022-2027.

Asia Pacific was the largest region in the controlled release fertilizer market, accounting for 38.2% of the total in 2022. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the controlled release fertilizer market will be Asia Pacific and North America where growth will be at CAGRs of 9.0% and 8.9% respectively. These will be followed by Western Europe and Eastern Europe where the markets are expected to grow at CAGRs of 8.5% and 7.7% respectively.

The global controlled release fertilizers market is highly concentrated, with a few large players in the market. The top ten competitors in the market made up to 59.13% of the total market in 2021. The market concentration can be attributed to the high barriers to entry, in terms of high costs and the stringent regulations set up by the regulatory authorities. Yara International ASA was the largest competitor with 14.92% of the market, followed by Kingenta with 10.60%, Nutrien Ltd. with 7.81%, ICL Group with 6.91%, Sociedad Quimica y Minera de Chile S.A with 5.12%, Jcam Agri with 4.54%, Helena chemical company with 3.83%, Haifa Chemicals with 3.45%, Compo Expert GMbh with 1.29% and Nufarm Ltd with 0.65%.

The top opportunities in the controlled release fertilizer market segmented by type will arise in the coated and encapsulated segment, which will gain $632.5 million of global annual sales by 2027. The top opportunities in the controlled release fertilizer market segmented by form will arise in the granular segment, which will gain $905.3 million of global annual sales by 2027. The top opportunities in the controlled release fertilizer market segmented by application will arise in the soil segment, which will gain $957.7 million of global annual sales by 2027. The top opportunities in the controlled release fertilizer market segmented by end-use will arise in the fruits and vegetables segment, which will gain $668.5 million of global annual sales by 2027. The controlled release fertilizer market size will gain the most in the USA at $375.4 million.

Market-trend-based strategies for the controlled release fertilizer market include focus on technological advancements, product innovation, increasing investments, mergers and acquisitions and partnerships and collaborations.

Player-adopted strategies in the controlled release fertilizer market include focus on enhancing business operations through the launch of new products.

To take advantage of the opportunities, the publisher recommends the controlled release fertilizer companies to focus on product innovation, focus on technological advancements, focus on increasing investments in production capacities, expand in emerging markets, continue to focus on developed markets, focus on partnerships and collaborations, focus on mergers and acquisitions, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotion and continue to target fast-growing end-uses.