PUBLISHER: Polaris Market Research | PRODUCT CODE: 1150000
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1150000
The global controlled release fertilizer market size is expected to reach USD 4.03 billion by 2030, according to a new study by Polaris Market Research. The report "Controlled Release Fertilizer Market Share, Size, Trends, Industry Analysis Report, By Form (Nitrogen Stabilizers, Slow Release, Coated & Encapsulated); By Composition; By Application; By Region; Segment Forecast, 2022 - 2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The industry is predicted to experience continuous growth due to constant innovation in agriculture. The raw material required for fertilizer production is either a by-product of petroleum refinement or needs to be specially produced. Although product differentiation is less in the industry, product quality is a crucial determining factor. Overall, suppliers of raw materials command moderate power in the industry, as forward integration of suppliers is possible.
However, within existing fertilizer companies, there exists high-competitive pricing. Thus, new entrants, if they can offer lower prices, may survive in the industry. Thus, the growth of the industry and future demand prospects are very attractive and incentivize new players to enter the industry.
The growth of the industry is primarily driven by the growing human population that will produce a growing demand for food and food products throughout the world and thus exerts a high impact on the industry. The demand for efficient fertilizers is also very strong in nature as the agriculture sector is undergoing a major transformation from traditional methods to progressive and sustainable ones, especially in the Asia Pacific region.
The growing demand in emerging economies is expected to have a high impact on the industry as the increasing demand is expected to provide lucrative opportunities for the growth and development of the industry.
Controlled Release Fertilizer Market Report Highlights
The nitrogen stabilizers segment is expected to be fastest growing owing to its wide us for faster and healthier plant growth
Synthetic fertilizers accounted for the largest revenue share. This is due to the rapid urbanization and increasing population
By application, the fertigation segment is expected to account for the largest share during the forecast period.
Asia Pacific region will lead the global industry by 2030. This is due to the rising initiatives undertaken by the governments towards agriculture.
The industry is highly competitive owing to the existence of large industry players with global presence including Haifa Chemicals, ICL Group, Koch Industries, Kingenta, Koch Industries, Nufarm Ltd, Nutrien Ltd, ScottsMiracle-Gro, SQM, The Andersons, Inc, and the Mosaic Company among others
Polaris Market Research has segmented the controlled release fertilizer market report based on type, composition, application, and region:
Controlled Release Fertilizer, Type Outlook (Revenue - USD Billion, 2018 - 2030)
Nitrogen Stabilizers
Slow Release
Coated & Encapsulated
Controlled Release Fertilizer, Composition Outlook (Revenue - USD Billion, 2018 - 2030)
Organic
Synthetic
Controlled Release Fertilizer, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Fertigation
Soil
Foliar
Others
Controlled Release Fertilizer, Regional Outlook (Revenue - USD Billion, 2018 - 2030)
North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Figure 1. Global Controlled Release Fertilizer Market, 2018 - 2030 (USD Billion)
Figure 2. Integrated Ecosystem
Figure 3. Research Methodology: Top-Down & Bottom-Up Approach
Figure 4. Market by Geography
Figure 5. Porter's Five Forces
Figure 6. Market by Composition
Figure 7. Global Controlled Release Fertilizer Market, by Composition, 2021 & 2030 (USD Billion)
Figure 8. Market by Type
Figure 9. Global Controlled Release Fertilizer Market, by Type, 2021 & 2030 (USD Billion)
Figure 10. Market by Application
Figure 11. Global Controlled Release Fertilizer Market, by Application, 2021 & 2030 (USD Billion)
Figure 12. Controlled Release Fertilizer Market Assessment, By Geography, 2018 - 2030 (USD Billion)
Figure 13. Strategic Analysis - Controlled Release Fertilizer Market