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Redding, California - January 24, 2024

Controlled Release Fertilizers Market to reach $3.97 Billion by 2031

Controlled Release Fertilizers Market by Product Type (Polymer-coated, Resin-coated), Mode of Application (Top-dressing, Dibbling), Crop Type (Non-Agriculture {Turf, Nurseries}, Agriculture {Fruits & Vegetables, Cereals & Grains}) - Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled, ‘Controlled Release Fertilizers Market by Product Type (Polymer-coated, Resin-coated), Mode of Application (Top-dressing, Dibbling), Crop Type (Non-Agriculture {Turf, Nurseries}, Agriculture {Fruits & Vegetables, Cereals & Grains}) - Global Forecast to 2031.'

According to this latest publication from Meticulous Research^®, the global controlled release fertilizers market is projected to reach $3.97 billion by 2031, at a CAGR of 9.9% from 2024 to 2031.Growing concerns regarding environmental safety, favorable government policies and regulations, declining arable land, and rising food demand due to population growth are some of the factors driving the growth of this market. However, the high production costs, rapid growth of the organic fertilizer industry, and high cost of organic coating materials are expected to hinder the market growth to some extent.

Moreover, the rising adoption of precision farming technology and increasing government initiatives for sustainable agriculture practices are expected to provide market growth opportunities for the stakeholders operating in this market growth. Nevertheless, the substantial challenge faced by stakeholders in this market is the lack of awareness among farmers.

Key Players:

The global controlled release fertilizers market is characterized by a moderately competitive scenario due to the presence of many large and small-sized global, regional, and local players. The key players operating in the global controlled release fertilizers market are Nutrien Ltd. (Canada), Yara International ASA (Norway), The Mosaic Company (U.S.), ICL Group Ltd. (Israel), Haifa Group (Israel), EuroChem Group AG (Switzerland), Kingenta Ecological Engineering Group Co., Ltd (China), Deepak Fertilisers and Petrochemicals Corporation Ltd. (DFPCL) (India), Nufarm Ltd. (Australia), and Smart Fert Sdn Bhd. (Malaysia).

The global controlled release fertilizers market is segmented by product type (polymer-coated fertilizers, resin-coated fertilizers, and other controlled release fertilizers), by mode of application (top-dressing, dibbling, and incorporation), by crop type (non-agriculture {turf & ornamental, nurseries & greenhouse, and other non-agriculture crops} and agriculture {fruits & vegetables, cereals & grains, oilseeds & pulses, and other agriculture crops}), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyses the regional and country-level markets.

Based on type, the controlled release fertilizers market is segmented into polymer-coated fertilizers, resin-coated fertilizers, and other controlled release fertilizers. In 2024, the polymer-coated fertilizers segment is projected to dominate the market share, primarily driven by rising demand for polymer-coated fertilizers due to the advantages offered by polymer-coated fertilizers, such as prolonged nutrient release, reduced leaching, and improved nutrient absorption by plants. Additionally, the rising adoption of modern agriculture technologies and increasing technological advancements in fertilizer coating are further expected to support the growth of this market. Moreover, the government regulations and initiatives aimed at reducing the environmental impact of fertilizers are encouraging farmers to switch to controlled release fertilizers is further anticipated to boost the demand for controlled release fertilizers across the globe during the forecast period.

Based on mode of application, the controlled release fertilizers market is segmented into top-dressing, dibbling, and incorporation. The top-dressing segment is expected to account for the largest share of the controlled release fertilizers market in 2024 owing to its high preference among farmers due to its ease of application and effectiveness in delivering nutrients directly to the plant's root zone. Moreover, this mode of application of controlled release fertilizers not only reduces the risk of nutrient leaching and runoff but also minimizes the need for frequent application, making it a preferred choice for farmers and gardeners, which is further expected to drive the market growth during the forecast period.

Based on crop type, the controlled release fertilizers market is segmented into non-agriculture and agriculture. The non-agriculture segment is expected to account for the larger share of the controlled release fertilizers market in 2024, owing to the increasing demand for controlled release fertilizers in landscaping, gardening, and turf management applications. Moreover, the growing trend of urbanization and the rising interest in aesthetically pleasing green spaces is also expected to drive the demand for controlled release fertilizers for non-agriculture use across the globe. Additionally, factors such as high purchasing power the growing environmental issues, and large-scale turf production in lawns, greenhouses, nurseries, and gardens due to rising ecotourism are further anticipated to drive the growth of the controlled release fertilizers market for non-agriculture across the globe. Based on type, the global controlled release fertilizers market for non-agriculture is further segmented into turf & ornamental, nurseries & greenhouse, and other non-agriculture crops.

Geographic Review:

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S. and Canada), Europe (France, Germany, Spain, Italy, U.K., and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, and Rest of Latin America), and Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of the controlled release fertilizers market. The large share of this market is attributed to the presence of a large number of key controlled release fertilizer providers in the region, a huge area under agricultural production, and the rising support from various organizations & governments to enhance crop cultivation and area under turf and landscaping activities. Additionally, the continuously growing population and increasing food demand in countries like China and India are also driving the growth of the controlled release fertilizers market in the Asia-Pacific region. Moreover, the adoption of advanced farming techniques and the need for sustainable agriculture practices are further expected to contribute to the market's expansion in the upcoming years in this region.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5477

Key Questions Answered in the Report:

What is the value of revenue generated by the sale of controlled release fertilizers?
At what rate is the global demand for controlled release fertilizers projected to grow for the next 5-7 years?
What is the historical market size and growth rate for the controlled release fertilizers market?
What are the major factors impacting the growth of this market at global and regional levels?
What are the major opportunities for existing players and new entrants in the market?
Which product type, mode of application, and crop type segments create major traction for the manufacturers in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the controlled release fertilizers market?
Who are the major players in the controlled release fertilizers market? What are their specific product offerings in this market?
What recent developments have taken place in the controlled release fertilizers market? What impact have these strategic developments created on the market?

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Redding, California - January 24, 2024

Controlled Release Fertilizers Market to reach $3.97 Billion by 2031

Controlled Release Fertilizers Market by Product Type (Polymer-coated, Resin-coated), Mode of Application (Top-dressing, Dibbling), Crop Type (Non-Agriculture {Turf, Nurseries}, Agriculture {Fruits & Vegetables, Cereals & Grains}) - Global Forecast to 2031

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