Controlled
Release Fertilizer Market Insights
The global controlled release fertilizer market is projected to
grow potentially over the forecast period. The market growth is expected to be
positively influenced by growing demand for high-efficiency fertilizers to
minimize nutrient losses. The market growth is also attributed to factors such
as low nutrient recovery by crops
In the case of CRF, the nutrients are released slowly and ideally
at the rate that plants use them, thus the amount of nutrients drained during
watering is minimal in comparison to using water-soluble fertilizers. This is
likely to reduce the impact of fertilizers on the environment.
Moreover,
benefits associated with the product such as patterned nutrient release and
their effect on the agricultural yield are projected to propel the market
growth.
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Controlled Release Fertilizer Market: Type Insights
On the basis of type, the industry is segmented into Slow-Release,
Coated & Encapsulated, N-Stabilizers. The slow release fertilizers include
urea-formaldehyde, urea-isobutyraldehyde, and urea-acetaldehyde. While the
coated & encapsulated fertilizers include Sulfur Coatings, Polymer
Coatings, and Sulfur-Polymer Coatings among others, the N-Stabilizers include
Nitrification Inhibitors and Urease Inhibitors.
The demand for coated & encapsulated fertilizers is projected
to grow at a considerable rate over the coming years. In case of encapsulated
fertilizers, the nutrients are released at slow, controlled rates through the
fertilizer's coating resulting in a sustained feeding of the plants. Thus, this
leads to reduced fertilizer's losses and minimized environmental pollution.
Along with this, these fertilizers are more efficient than soluble fertilizers.
Since the nutrients are released at a slow sustained rate rather than a
sudden surge, a large percentage of nutrients are absorbed by the plant and
thus are not washed away through the soil.
Controlled
Release Fertilizer Market: Crop Type Insights
On the basis of crop type, the global controlled release
fertilizer market is classified as cereals & grains, oilseeds & pulses,
fruits & vegetables, plantation crops and turf & ornamentals among
others. The demand for cereals & grains is likely to grow at a high
rate on account of rising adoption of CRF mainly in the form of stabilizers and
coated fertilizers in countries such as China, India, and the U.S. Along with
this, growing awareness towards sustainable agricultural practices is also
anticipated to stimulate market growth.
The fruits & vegetable segment are also anticipated to grow at
a considerable rate over the forecast period. Factors such as increasing
adoption of CRF by farmers in regions such as Europe and the Asia Pacific for
the cultivation of fruits & vegetables is likely to account for the market
growth.
Controlled
Release Fertilizer Market: Application Method Insights
By application method, the market is segregated into
foliar and fertigation among others. The fertigation segment is projected
to grow rapidly over the coming years. Increasing preference of this technique
among farmers owing to factors such as less amount of water requirement, saving
of fertilizer, time, labour and reduced energy use among others. Other benefits
associated with fertigation such as 25-50 percent increased yield along with
ease in the application are likely to stimulate market growth.
Controlled
Release Fertilizer Market: Regional Insights
Controlled Release Fertilizer is projected to breathe in new
opportunities in the Asia Pacific region over the next few years. The regional
growth is expected to be influenced by factors such as increasing
awareness towards sustainable agricultural practices. Moreover, the rising
application of encapsulated fertilizers with polymer and latex coatings is also
expected to be one of the major influencing factors.
The Central & South American region is also anticipated to
explore immense opportunities over the coming years.
Controlled
Release Fertilizer Market: End-Use Landscape
The end-use landscape entails a list of current and prospective
consumers prevailing across the regions. This section provides company
addresses, contact details, products, and regional presence of companies who
are purchasing or are likely to purchase controlled release fertilizer over the
coming years. Some leading consumers of controlled release fertilizer are
General Mills, Cereal Partners Worldwide, Ralcorp Holdings, Gebbers Farms and
Fowler Packing.
Controlled
Release Fertilizer Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in
the market, covering raw material manufactures, equipment developers,
manufacturers, and distributors. The report provides these insights on a
regional level. This section of the report entails contact details, experience,
products manufactured/supplied, and geographical presence of companies.
Controlled
Release Fertilizer Market Share & Competitor Analysis
Some of the players operating in the global controlled release
fertilizer market include Agrium, Yara , ICL, Scottsmiracle-Gro, Koch
Industries, Helena Chemical, Kingenta, SQM, Haifa Chemicals and Jcam Agri.
In July 2018, Huron Bay Co-operative announced opening a 7000 t
capacity fertilizer blending and storage facility in Walkerton, Canada. The new
facility is projected to carry up to 12 different products at the same time.
The unit is also expected to meet up the fertilizer requirements of grains,
canola, corn, soybeans and winter wheat cultivators in the region.
In March 2018, Bio-on researchers announced a revolutionary new
technology: U Coat, a biodegradable solution for the controlled release of urea
fertilisers into the soil. By aiming at a more effective dose and low
fertiliser consumption, the technology aims at reducing the pollution level.
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