The global controlled-release fertilizers market size is projected to reach USD 2.9 billion by 2028 from USD 2.2 billion by 2023, at a CAGR of 5.9% during the forecast period in terms of value. The global market has witnessed significant growth and established its dominance in the global agriculture industry. According to the World Bank Report 2023, approximately 9.2% of the world’s population faced hunger in 2022, compared with 7.9% in 2019. The rising levels of hunger and food insecurity highlight the urgent need to increase agricultural productivity to ensure food availability. Thus, the increasing demand for enhanced agricultural output while reducing environmental effects is one of the main driving factors. These fertilizers deliver nutrients gradually, enhancing plant absorption while lowering leaching and runoff, which helps reduce water pollution.
What are controlled-release fertilizers?
Controlled-release fertilizers (CRF) are a type of fertilizer designed to release nutrients gradually over an extended period, rather than all at once. This controlled release is typically achieved through various mechanisms, including coating the fertilizer granules with a semi-permeable material or incorporating the nutrients into a matrix that slowly breaks down in response to environmental factors such as temperature, moisture, and microbial activity.
Here are several benefits to using controlled-release fertilizers:
1. Reduced nutrient leaching: By releasing nutrients slowly, CRF reduces the risk of nutrient leaching into groundwater or runoff, which can harm the environment and waste fertilizer.
2. Improved nutrient efficiency: Controlled-release fertilizers provide nutrients to plants in a more consistent and balanced manner, which can improve nutrient uptake efficiency and reduce the need for frequent applications.
3. Reduced labor and costs: Because CRF requires fewer applications compared to traditional fertilizers, it can reduce labor and application costs for farmers and gardeners.
4. Decreased risk of nutrient toxicity: Slow-release of nutrients helps to prevent nutrient buildup in the soil, reducing the risk of nutrient toxicity to plants.
5. Enhanced plant growth and health: By providing a steady supply of nutrients over time, controlled-release fertilizers can promote healthier plant growth, improved crop yields, and better overall plant health.
Controlled-release Fertilizers Market Trends
Here are some of the controlled-release fertilizers market trends are –
1. Growing Demand for High-Efficiency Fertilizers: Farmers are increasingly adopting controlled-release fertilizers due to their ability to improve nutrient use efficiency, reduce nutrient losses, and enhance crop yields. This demand is particularly strong in regions facing challenges related to soil degradation, water scarcity, and environmental pollution.
2. Technological Advancements: Continuous research and development efforts are leading to the development of innovative controlled-release fertilizer formulations with enhanced nutrient release characteristics, longer durations of nutrient availability, and improved compatibility with various soil types and cropping systems.
3. Environmental Concerns and Regulations: Environmental concerns regarding nutrient runoff, water pollution, and greenhouse gas emissions are driving the adoption of controlled-release fertilizers. Regulatory initiatives aimed at mitigating these issues, such as restrictions on nutrient application rates and runoff control measures, are further fueling the demand for environmentally friendly fertilizer solutions.
4. Focus on Sustainable Agriculture: Sustainable agriculture practices, including the use of precision farming techniques and eco-friendly inputs like controlled-release fertilizers, are gaining traction globally. These fertilizers align with sustainable agriculture goals by promoting efficient nutrient management, reducing environmental impacts, and supporting long-term soil health and productivity.
5. Increasing Adoption in Horticulture and Specialty Crops: Controlled-release fertilizers are finding expanding applications in high-value crops such as fruits, vegetables, and ornamentals. Their precise nutrient release profiles and customizable formulations cater to the specific nutritional requirements of these crops, contributing to improved quality, yield, and marketability.
Controlled-release Fertilizers Market Opportunities: Crop-specific nutrient management through precision farming practices
Crop-specific nutrient management through precision farming practices presents significant opportunities for the controlled-release fertilizers market. Precision farming, which involves using technology to tailor agricultural practices to the specific needs of different crops, synergized with controlled-release fertilizers to enhance efficiency, productivity, and sustainability in agricultural operations.
Precision farming allows for the fine-tuning of nutrient requirements for different crops. Controlled-release fertilizers can be formulated to release nutrients in accordance with specific crop growth stages, ensuring optimal nutrient availability when needed most. Precision farming minimizes over-fertilization by applying nutrients only where and when needed. Controlled-release fertilizers further reduce wastage by delivering nutrients gradually and minimizing runoff.
Nitrogen Stabilizers is One of the Controlled-Release Fertilizer types Which accounted Second Highest Market Share in 2022
Nitrogen stabilizers are gaining popularity in the agricultural market due to their ability to improve nitrogen use efficiency and reduce nitrogen losses to the environment. Nitrogen is a vital nutrient for plant growth, but it can be easily lost from the soil through processes like leaching (movement of nutrients with water through the soil profile) and denitrification (conversion of nitrate into gaseous forms). Nitrogen stabilizers are additives that can be combined with traditional fertilizers to slow down the conversion of ammonium-based fertilizers into nitrates, thus reducing nitrogen losses.
Farmers are becoming more educated about the consequences of nutrient losses and the benefits of controlled-release technologies. This increased awareness drives the demand for solutions like nitrogen stabilizers. Moreover, as sustainable farming practices gain prominence, farmers are seeking ways to minimize their environmental footprint. Nitrogen stabilizers align with these goals by minimizing nitrogen losses and promoting responsible nutrient management.
Controlled-release Fertilizers Market Share
The key players in this market include Yara (Norway), Nutrien Ltd. (Canada), Mosaic (US), ICL (Israel), Nufarm (Australia), Kingenta (China), ScottsMiracle-Gro (US), Koch Industries (US), Helena Chemicals (US), and SQM (Chile).
Controlled-release Fertilizers Industry News:
1. In June 2023, BASF and Yara Clean Ammonia collaborated to explore establishing a large-scale low-carbon blue ammonia production facility, accompanied by carbon capture technology, in the US Gulf Coast region. With a projected annual capacity of 1.2 to 1.4 million tons, the plant aims to cater to the surging global demand for environmentally friendly ammonia. This partnership leverages its successful history of cooperation and seeks to substantially diminish the carbon footprint of its operations. Ammonia is a key raw material for producing fertilizers, including controlled-release fertilizers. Yara’s production of clean ammonia with a lower carbon footprint might positively influence the environmental credentials of the controlled-release fertilizers.
2. In September 2022, ICL marked a significant advancement in controlled-release urea technology with the introduction of eqo.x. a groundbreaking, rapidly biodegradable release technology designed for open-field agriculture. Enabled by a specialized coating, this pioneering solution empowers farmers to optimize agricultural crop performance while concurrently mitigating environmental repercussions. It achieves this dual objective by curbing nutrient loss and elevating nutrient use efficiency (NUE) by a remarkable 80%. The release technology facilitates the potential for heightened or comparable yields with decreased fertilizer quantities and aids in lowering nitrogen application frequency and volume. Furthermore, it ensures a uniform and dependable release of nutrients, fostering predictability and consistency in nutrient provision.
Key Questions Addressed by the Controlled-release Fertilizers Market Report:
1. What is the current size of the Controlled-release fertilizers market?
2. Which are the key players in the market, and how intense is the competition?
3. Which region is projected to account for the largest share of the controlled-released fertilizers market?
4. Which are the major controlled-release fertilizers product types considered in the study and which segments are projected to have promising growth rates in the future?
5. What kind of information is provided in the competitive landscape section?
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