Encapsulated/Coated Controlled and Slow Release Fertilizers Set to Dominate Agrochemical Market, Forecasted to Reach US$ 10,222.4 Million by 2028 with a Rapid 9.1% Value CAGR

Controlled and Slow Release Fertilizers

Controlled and slow-release fertilizers are novel agricultural solutions. These fertilizers gradually release nutrients throughout time, improving nutrient usage efficiency and lowering environmental consequences. They give plants with a consistent supply of critical nutrients, eliminating the need for repeated treatments. This method not only increases agricultural yields but also reduces fertilizer runoff, answering concerns about sustainability. Controlled and slow-release fertilizers are an important technique in modern agriculture for optimizing nutrient management for economic and environmental reasons.

controlled and slow-release fertilizers market FMI’s latest report, titled ‘Controlled and Slow Release Fertilizers Market Forecast, Trend Analysis & Competition Tracking – Global Review 2018 to 2028,’ provides detailed analysis and key insights. The market, valued at US$ 4,791 Million in 2018, exhibits a positive long-term outlook.

It is expected to reach US$ 10,222.4 Million by 2028 end, growing at a value CAGR of 9.1%. Among the segments by type, the encapsulated/coated controlled and slow release fertilizers segment is expected account for the lion’s share in terms of value and volume over the forecast period. The encapsulated/coated controlled and slow release fertilizers segment is expected to expand at a relatively higher CAGR.

Among regions, Asia Pacific excluding Japan (APEJ) is anticipated to retain its dominance throughout the forecast period while growing at a rate of 11.1% from 2018 to 2028. In this report, FMI throws light on the drivers and restraints likely to impact the controlled and slow release fertilizers market during this period.

Get an overview of market drivers and challenges affecting this industry: https://www.futuremarketinsights.com/reports/sample/rep-gb-1559

Global Controlled and Slow Release Fertilizers Market Dynamics

Market insights suggest that the global controlled and slow release fertilizers market will witness high growth during the forecast period, which can be attributed to the growing population and decreasing agricultural land. Growing food consumption and increasing need for effective fertilizers are pushing the market for controlled and slow release fertilizers.

The need for higher output with fewer resources is the driving the development of new technologies in the agricultural industry. With the use of conventional fertilizers, it is not possible to satisfy the growing demand for food. The use of slow and controlled release fertilizers improves the yield and saves labour.

New developments such as increase in the longevity and performance of coated fertilizers are pushing the market for controlled and slow release fertilizers in agricultural as well as commercial applications. The slow release of nutrients allows fertilizers to last longer and thereby increase fertilizer performance, which is driving the demand for controlled and slow release fertilizers.

Urea reaction products also accounted for a significant share of the controlled and slow release fertilizers market; however, the increasing popularity of encapsulated coated fertilizers is expected to dominate the urea reaction product segment during the forecast period. The superior longevity of encapsulated/coated products as compared to that of urea reaction products is expected to push the growth of the encapsulated/ coated segment during the forecast.

Global Controlled and Slow Release Fertilizers Market Segmentation Analysis

The controlled and slow release fertilizers market has been segmented on the basis of application into agricultural, commercial lawn and turf and others.

  • On the basis of application, the agricultural segment is anticipated to dominate the controlled and slow release fertilizers market in terms of value and volume over the forecast period
  • The agricultural segment is also projected to grow at a relatively higher CAGR over the forecast period. It is expected to represent a total incremental opportunity of US$ 3,863 Mn between 2018 and 2028 in the global controlled and slow release fertilizers market

Global Controlled and Slow Release Fertilizers Market Regional Forecast

Regionally, APEJ accounted for over 47% of the global controlled and slow release fertilizers market value while North America accounted for the second largest share in the controlled and slow release fertilizers market. APEJ is projected to be the fastest growing region with a CAGR of 11.5% during the forecast period.

Large population base and rapid population growth, improving economic conditions, change in eating habits and increasing food consumption are some of the important factors driving the demand for controlled and slow release fertilizers.

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Global Controlled and Slow Release Fertilizers Market Competition Landscape

The report highlights some of the top companies operating in the global controlled and slow release fertilizers market, including Kingenta Ecological Engineering Group Co. Ltd., Israel Chemicals Ltd (ICL), Yara International ASA, Agrium Inc., Haifa Chemicals Ltd., Koch Fertilizer LLC and Aglukon Spezialduenger GmbH & Co. KG., among others.

Key Segmentation

Type

  • Urea Reaction Products
  • Encapsulated/ Coated

Application

  • Agricultural
  • Commercial Lawn and Turf
  • Others

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excl. Japan
  • Middle East and Africa
  • Japan

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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