Controlled-Release Fertilizers Market Size was valued at USD 1.96 billion in 2023. Industry is anticipated to grow from USD 2.08 billion in 2024 to USD 3.58 billion by 2032, exhibiting a CAGR of 7.02% during the forecast period (2024 - 2032). to raise agricultural productivity the controlled release of the fertilizers are used. This can transfer the good quality fertilizers slowly to the soil and then the soil gets enhanced and the increase in the soil productivity will increase the crop yield productivity. With the controlled release of the fertilizers, there is an increase in the growth of productivity. Whereas the environmental impact is also gets reduced, and the reduction of the cost and the labour cost is been the driving force for the Controlled-Release Fertilizers Market Share.
COVID Analysis
As the spread of the COVID across the globe Controlled-Release Fertilizers Market Outlook has been a great disaster. So the government have made some restriction to avoid the spread of the pandemic in many regions. The lockdown has been implemented to avoid the spread of the pandemic. there was no transport facility available during the lockdown period. So the people are suffering hard to move from one place to the other. This increased the demand for the controlled release fertilizers. Many farmers and agricultural landowners are suffering to get the fertilizers to gain productivity in the crop. Manufacturing companies have not received any raw materials to produce the fertilizers. Even they are struggling hard to get the raw materials.
Recent News:
March 2024: EuroChem inaugurated its new phosphate fertilizer manufacturing facility in Serra do Salitre, State of Minas Gerais, Brazil, in March 2024. The new phosphate mine and plant complex was built in an unprecedented amount of time and for a total investment of nearly $1 billion. It will have the capability to produce 1 million tonnes of advanced phosphate fertilizers annually, thereby substantially enhancing the dependability of phosphate fertilizer supplies to Brazilian farmers. The establishment features advanced integrated phosphate fertilizer manufacturing, characterized by minimal water usage, a completely sealed water circuit, and a sustainable energy generation system that generates up to 40% of the facility's energy requirements through the reuse of its own steam. By means of our well-established distribution network in this vital global breadbasket, they are now able to provide Brazilian farmers with access to the highest quality fertilizers. This advancement brings them one step closer to their consumers. EuroChem ensures quality and dependability throughout the entire fertilizer supply chain, from the extraction of raw materials to production and delivery to the end consumer, by following a mine-to-farm operational approach.
January 2024: Mivena introduced a line of vegan liquid fertilizer and organic granulated fertilizer in January 2024. The organic liquids are plant-based and vegan, and the organic granulated line is devoid of animal manure and sediment, resulting in the absence of foul odors; particular products from both lines are suitable for use in bio-cultivated crops. As of 2023, Mivena CRF brands will be manufactured using "Durable CRF," a reintroduced, one-of-a-kind low-start and high-end release technology. Biodegradable and the most robust CRF (Controlled Release Fertilizer) technology, this Durable CRF technology has been validated in international trials. Durable® CRF Technology, the next iteration of CRF, offers the following benefits: a biodegradable coating and a distinctive low-start and high-end release mechanism. Due to the absence of edema and granule leakage (the most robust CRF), release is determined solely by temperature. At elevated temperatures, exponential release does not occur.
Crucial Market drivers
Increase in the adoption of the modern agriculture method practice and the growing awareness to save the environment and to protect the soil being polluted by using tones of the fertilizers this Controlled-Release Fertilizers Market Size has increased the demand and to safeguard the crop yield this kind of fertilizers are used. In recent times the increasing focus the minimizing nutrient losses. So these controlled-release fertilizers are used to compensate for the lack of the minimizing nutrient.
The market growth opportunities
The reduction in the cost of buying a large amount of the fertilizers, buying the controlled release fertilizers can create a drastic change in creating the profit. This can control your cost of buying the fertilizers in the market. In addition to that, you can also enjoy the yield value for the crop. By using this kind of fertilizers you can even save the environment and the soil by using Controlled-Release Fertilizers Market.
The market restraint
The market restraints which caused the issue in buying the Controlled-Release Fertilizers Market is because of the increase in the spread of the pandemic. the routes have been closed as the transportation is not available in the recent days. There was no transport facility during the lockdown, the manufacturing company can't able to get the raw materials to produce the controlled release fertilizer. Another reason is the creating the pollution to the environment and pollution to the soil is one of the major restrain faced by the Controlled-Release Fertilizers Market Share.
The market challenge
The challenge is the growth of some other organic fertilizer, as this may cause some serious issues like environmental pollution or soil pollution. When the organic fertilizers will create healthy things for the soil and doesn't even pollute the atmosphere. the next challenge is that this kind of fertilizer can create harm to the human body. But whereas the usage of organic fertilizer, you can get the complete nutrients to the body. This may not create harm to the body.
At first, the advancement in farming has focused to adopt the new technology. As the farmers have a focus on boosting the crop, this is one of the ready to adopt advancement in the farming with the increase in the farming technologies. The less amount in using the fertilizer have created the yield and the farming knowledge have also created the Controlled-Release Fertilizers Market Growth
The Controlled-Release Fertilizers Market Analysis says that the adoption of modern technology to the agricultural land is one of the best ways to develop the standard of agriculture. As the source is available in less amount, but the profit is high when compared to the other technique.
The main aim of all the major players is to compete with the other players and to get a proper place in the market. in the lock downtime, there were a lot of restrictions so the transport was impossible. As this is one of the main restrain during the lockdown, even many companies have not received the raw materials by which they produce the product. During those days all the companies were at a great loss, so they have not even able to send the remaining order because of the lockdown issues. But once the lockdown was released by the government the companies were in the great urge to produce the demand of the customers. As they were working hard to get their place in the market. there were also some of the basic needs of the manufacturing companies. As the small scale companies were at a great loss, they were in the great urge to collaborate with some other companies. Due to the demand for the Controlled-Release Fertilizers Market Value, the major companies are planning to expand their business to some other regions which might create the growth of their company's market value. Even many companies have expanded their company to many regions which have created good financial support.
The dominating region in the Asia Pacific region in which there is the demand for food and the raw materials for the food. As there was rapid growth in the population so the demand for food was high. So the agricultural activities were also high. So this region is dominating region when compared to the other regions. The dominating countries are China, India, Japan etc.
The second place for holding the largest share in North America, as there were good agricultural technologies and good agricultural farming machines. So the second leading country in North America.
Cereals & grains
Oilseeds & pulses
Fruits & vegetables
Plantation crops
Slow-release
Coated & encapsulated
Nitrogen stabilizers (N-Stabilizers)
North America
Europe
Asia-Pacific
Latin America
The Middle East and Africa
The Controlled-Release Fertilizers Market Trends is one of the advancements of the technique which has the highest reach and benefits. After the lockdown, the people are interested in getting the controlled–release fertilizer as this provides less harm to the human as well as to nature when compared to other fertilizers. Due to this heavy demand, the manufacturing companies are increasing their productivity to compensate for the need of the customer. In addition to this, they are planning to expand their business once they get the proper financial source.
Controlled Release Fertilizers Market Highlights:
Frequently Asked Questions (FAQ) :
controlled-release fertilizers market value was USD 3.58 billion by 2032.
controlled-release fertilizers market is expected to thrive at a CAGR of 6.5% from 2024 to 2032.
Development of high-efficiency fertilizers which can minimize the loss of nutrients is the major driver of the global controlled-release fertilizers market.
Lack of skilled laborers and presence of counterfeit products can hamper the global controlled-release fertilizers market growth.
The APAC region can dominate the global controlled-release fertilizers market due to adoption of modern agricultural practices.
Agrium, Scottsmiracle-Gro, Helena Chemical, Yara International, Jcam Agri., Haifa Chemicals Ltd, Compo Expert GmbH, SQM, Kingenta, Koch Industries, ICL, and BASF SE are major players of the global controlled-release fertilizers market.
Research Analyst Level II I have a degree in engineering (civil), with masters in business administration (marketing). with more than 4 years of experience in market research and consulting, i am involved in end-to-end process of market research, proposals, project kickoffs and delivery. i have research knowledge and expertise in consumer goods/packaging domain. also i have worked for various other domains like construction & equipment. effectively managed and delivered more than 60 report studies for regional as well as global clientele.
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