Controlled and slow release fertilizers are fertilizers that release nutrients over a longer period of time as compared to the conventional fertilizers. These types of fertilizers are produced either by the condensation reaction or by encapsulation or coating of the fertilizers granule with polymers, sulfur and other types of coatings.
The longevity of the controlled and slow release fertilizers is dependent on its water solubility, permeability of the coating and the temperature of the soil where it is applied. The slow and controlled release of nutrients helps plants grow efficiently, thereby resulting in higher yields.
Controlled and Slow Release Fertilizers are used in a wide range of applications. Major applications of controlled and slow release fertilizers include agricultural areas, commercial lawns and turfs and others.
These can be subdivided into nurseries & ornamentals, paddy rice, vegetables, fruits, turf, field crops, arable crops, trees, flowers, garden, vegetables, land scape, agricultural crops, green house and tea, amongst others. Controlled release fertilizers are witnessing higher demand from turf and ornamental application as compared to others.
The most common type of controlled and slow release fertilizers are urea reaction products and encapsulated/ coated products. Encapsulated/coated products can be further divided, on the basis of type of coat, into polymer coated, sulfur coated, hybrid coated and others.
Encapsulated/ coated fertilizers are comparatively expensive than the encapsulated/ coated products. Therefore, these products are majorly consumed for expensive crops and commercial applications, such as lawns and turfs.
The controlled and slow release fertilizers market can be segmented, on the basis of its applications, into agricultural, commercial lawn and turf and other applications. Agricultural applications in the controlled and slow release fertilizers market can be sub-divided into cereals & grains and fruits & vegetables.
The agricultural segment accounted for the largest share of controlled and slow release fertilizers and is also projected to grow at a high CAGR during the forecast period.
The global controlled and slow release fertilizers market is estimated to be valued at US$ 4.2 Bn by 2018 end and is expected to reach US$ 10.1 Bn by the end of 2028 while expanding at a CAGR of 9.1% over the forecast period.
The global controlled and slow release fertilizers market is anticipated to represent incremental opportunity of over US$ 5857 Mn between 2018 and 2028.
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Controlled and slow release fertilizers are generally used as specialty fertilizers in applications, such as agricultural applications, lawn & turf, fruits and vegetables, nurseries and gardens, among others. Thus, the agriculture industry will hold a dominant share in the demand for controlled and slow release fertilizers.
As per the FMI analysis, the demand from agricultural segment is estimated to grow in tandem with the growing population and agricultural developments in developing economies, such as China and India.
The global agricultural industry is anticipated to register a high growth rate of over 3.8% due to increasing population, change in eating habits and improving economies of developing countries.
Moreover, increasing penetration of controlled and slow release fertilizers in the developing markets is anticipated to provide impetus to the growth of the controlled and slow release fertilizers market during the forecast period.
However, the use of new technologies in the production of controlled and slow release fertilizers makes them more expensive than conventional fertilizers. Similarly, lack of awareness among growers and farmers about the benefits of controlled and slow release fertilizers may act as a decelerating factor for the market growth.
Also, the subsidies provided by the government on conventional fertilizers may also act as a restraining factor for the growth of the controlled and slow release fertilizers market.
From a regional perspective, the controlled and slow release fertilizers market is dominated by the APEJ region owing to the high presence of producers and consumers of controlled and slow release fertilizers.
APEJ is also projected to be the fastest growing region during the forecast period. This can be attributed to the presence of emerging economies, such as China and India, and agriculture-dependent countries, such as India, Indonesia, Pakistan and China, in the region.
Moreover, almost 60% of the global population resides in China and India. Fast-paced infrastructural developments in this region coupled with growing agricultural production are anticipated to help APEJ remain dominant in the global controlled and slow release fertilizers market during the forecast period.
The agricultural segment is anticipated to have a higher impact in the APEJ controlled and slow release fertilizers market. Given the applications of encapsulated /coated controlled and slow release fertilizers in agricultural and commercial crops applications, the segment is expected to largely dominate the APEJ controlled and slow release fertilizers market over the forecast period.
A prominent share of the demand is met by domestic manufacturers and the region is also one of the main exporters of controlled and slow release fertilizers. The region mainly exports to MEA, Europe and North America & Latin America.
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The global controlled and slow release fertilizers market is consolidated due to the presence of only a few local manufacturers. Despite this, prominent manufacturers in the controlled and slow release fertilizers market have been reported to hold around a quarter of the global controlled and slow release fertilizers market share.
The regional controlled and slow release fertilizers markets show variations in terms of supply of controlled and slow release fertilizers. While a significant amount of controlled and slow release fertilizers produced in APEJ is exported, majority of the controlled and slow release fertilizers produced in Europe is consumed within the region with the rest is exported to the Americas.
The regional markets consist of numerous local manufactures engaged in the sales of controlled and slow release fertilizers.These manufacturers are all listed under the Tier 3 category of the global controlled and slow release fertilizers market.
The prominent manufacturers holding a vital share in the controlled and slow release fertilizers market are listed under the Tier 1 category of the global controlled and slow release fertilizers market. The remaining manufacturers are listed under the Tier 2 category.
The supply and demand of controlled and slow release fertilizers in different regions depends upon the macro-economic factors affecting the controlled and slow release fertilizers market.
Moreover, the shift in demand from conventional fertilizers to specialty and organic fertilizers can be attributed to increasing demand for food and availability of less fertile land. Increasing usage of fertilizer additives and biostimulants for improving yield and production has increased the requirement of agrochemicals from global perspective which in turn has positively influenced demand for contrlled and slow release fertilizers market.
The market is witnessing a large number of acquisitions and mergers. Big players in the market are trying to grab market share by acquiring smaller players. Acquisition strategy has accounted for more than 35% of the total developments in the market in the last 8 years.
Controlled and slow release fertilizer manufacturers are also trying to penetrate the untapped market through joint ventures and partnerships. A number of capacity expansions have also been observed in the market which depicts growing demand for controlled and slow release fertilizers.
High growth markets, such as India and China, are the centers for the growth for controlled and slow release fertilizers. Hence, to cater to the demand for controlled and slow release fertilizers, prominent players have been expanding their capacities of production.
For instance, ICL is expanding its operations in South Carolina, US. This will support the growth of the specialty fertilizer business segment of ICL in the US.
The demand for encapsulated/ coated products has been largely dominating the controlled and slow release fertilizers market and is expected to represent well over 79% of the total market share, in terms of value, throughout the forecast period.
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Some of the players reported in this study on the global controlled and slow release fertilizers market include 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.
The controlled and slow release fertilizers market is predicted to grow at 9% CAGR through 2032.
Asia Pacific controlled and slow release fertilizers market holds the highest revenue potential.
The controlled and slow release fertilizers market is expected to surpass US$ 14.2 Bn by 2032.
The controlled and slow release fertilizers market size is anticipated to be over US$ 6 Bn in 2022.
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Market Definition
2.2. Market Taxonomy
3. Controlled and Slow Release Fertilizers Market Background
3.1. Macro-Economic Factors
3.2. Opportunity Analysis
3.3. Global Economic Outlook
3.3.1. Global GDP by Region and Country
3.3.2. Global Industry Value Added
3.4. Market Dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Trends
3.5. Value Chain Analysis
3.6. Forecast Factors - Relevance & Impact
4. Global Controlled and Slow Release Fertilizers Market Analysis 2013-2017 and Forecast 2018-2028
4.1. Market Volume (Kiloton) Projections
4.2. Pricing Analysis
4.3. Market Size Projections
4.3.1. Y-o-Y Projections
4.3.2. Absolute $ Opportunity Analysis
5. Global Controlled and Slow Release Fertilizers Market Analysis 2013-2017 and Forecast 2018-2028, By Product Type
5.1. Introduction
5.1.1. Market Value Share Analysis By Application
5.1.2. Y-o-Y Growth Analysis By Application
5.2. Historical Market Size (US$ Mn) and Volume (Kiloton) By Product Type, 2013-2017
5.3. Market Size (US$ Mn) and Volume (Kiloton) Forecast By Product Type, 2018-2028
5.3.1. Urea Reaction Products
5.3.2. Encapsulated/ Coated
5.3.2.1. Polymer Coated
5.3.2.2. Sulfur Coated
5.3.2.3. Hybrid Coating
5.3.2.4. Others
5.4. Market Attractiveness Analysis By Product Type
6. Global Controlled and Slow Release Fertilizers Market Analysis 2013-2017 and Forecast 2018-2028, by Application
6.1. Introduction
6.1.1. Market Value Share Analysis by Application
6.1.2. Y-o-Y Growth Analysis by Application
6.2. Historical Market Size (US$ Mn) and Volume (Kiloton) by Application, 2013-2017
6.3. Market Size (US$ Mn) and Volume (Kiloton) Forecast by Application, 2018-2028
6.3.1. Agricultural
6.3.1.1. Cereals & Grains
6.3.1.2. Fruits & Vegetables
6.3.2. Commercial Lawn and Turf
6.3.3. Others
6.4. Market Attractiveness Analysis by Application
7. Global Controlled and Slow Release Fertilizers Market Analysis 2013-2017 and Forecast 2018-2028, By Region
7.1. Introduction
7.1.1. Market Value Share Analysis By Region
7.1.2. Y-o-Y Growth Analysis By Region
7.2. Historical Market Size (US$ Mn) and Volume (Kiloton) By Region, 2013-2017
7.3. Market Size (US$ Mn) and Volume (Kiloton) Forecast By Region, 2018-2028
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. Middle East and Africa (MEA)
7.3.6. Asia Pacific Excluding Japan (APEJ)
7.3.7. Japan
7.4. Market Attractiveness Analysis By Region
8. Global Controlled and Slow Release Fertilizers Market Pricing Analysis
8.1. Regional Average Pricing Analysis
8.1.1. North America
8.1.2. Latin America
8.1.3. Western Europe
8.1.4. Eastern Europe
8.1.5. Middle East and Africa (MEA)
8.1.6. Asia Pacific Excluding Japan (APEJ)
8.1.7. Japan
9. North America Controlled and Slow Release Fertilizers Market Analysis 2013-2017 and Forecast 2018-2028
9.1. Introduction
9.2. Historical Market Size (US$ Mn) and Volume (Kiloton) By Market Segments, 2013-2017
9.3. Market Size (US$ Mn) and Volume (Kiloton) Forecast By Market Segments, 2018-2028
9.3.1. By Country
9.3.1.1. U.S.
9.3.1.2. Canada
9.3.2. By Product Type
9.3.3. By Application
9.4. Market Attractiveness Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Drivers and Restraints: Impact Analysis
9.6. Key Participants Market Presence Intensity Mapping
10. Latin America Controlled and Slow Release Fertilizers Market Analysis 2013-2017 and Forecast 2018-2028
10.1. Introduction
10.2. Historical Market Size (US$ Mn) and Volume (Kiloton) By Market Segments, 2013-2017
10.3. Market Size (US$ Mn) and Volume (Kiloton) Forecast By Market Segments, 2018-2028
10.3.1. By Country
10.3.1.1. Mexico
10.3.1.2. Brazil
10.3.1.3. Rest of Latin America
10.3.2. By Product Type
10.3.3. By Application
10.4. Market Attractiveness Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Drivers and Restraints: Impact Analysis
10.6. Key Participants Market Presence Intensity Mapping
11. Western Europe Controlled and Slow Release Fertilizers Market Analysis 2013-2017 and Forecast 2018-2028
11.1. Introduction
11.2. Historical Market Size (US$ Mn) and Volume (Kiloton) By Market Segments, 2013-2017
11.3. Market Size (US$ Mn) and Volume (Kiloton) Forecast By Market Segments, 2018-2028
11.3.1. By Country
11.3.1.1. Germany
11.3.1.2. United Kingdom
11.3.1.3. France
11.3.1.4. Italy
11.3.1.5. Spain
11.3.1.6. Rest of Western Europe
11.3.2. By Product Type
11.3.3. By Application
11.4. Market Attractiveness Analysis
11.4.1. By Country
11.4.2. By Product Type
11.4.3. By Application
11.5. Drivers and Restraints: Impact Analysis
11.6. Key Participants Market Presence Intensity Mapping
12. Eastern Europe Controlled and Slow Release Fertilizers Market Analysis 2013-2017 and Forecast 2018-2028
12.1. Introduction
12.2. Historical Market Size (US$ Mn) and Volume (Kiloton) By Market Segments, 2013-2017
12.3. Market Size (US$ Mn) and Volume (Kiloton) Forecast By Market Segments, 2018-2028
12.3.1. By Country
12.3.1.1. Russia
12.3.1.2. Poland
12.3.1.3. Rest of Eastern Europe
12.3.2. By Product Type
12.3.3. By Application
12.4. Market Attractiveness Analysis
12.4.1. By Country
12.4.2. By Product Type
12.4.3. By Application
12.5. Drivers and Restraints: Impact Analysis
12.6. Key Participants Market Presence Intensity Mapping
13. South East Asia & Pacific Controlled and Slow Release Fertilizers Market Analysis 2013-2017 and Forecast 2018-2028
13.1. Introduction
13.2. Historical Market Size (US$ Mn) and Volume (Kiloton) By Market Segments, 2013-2017
13.3. Market Size (US$ Mn) and Volume (Kiloton) Forecast By Market Segments, 2018-2028
13.3.1. By Country
13.3.1.1. China
13.3.1.2. India
13.3.1.3. Australia and New Zealand
13.3.1.4. ASEAN
13.3.1.5. Rest of South East Asia & Pacific
13.3.2. By Product Type
13.3.3. By Application
13.4. Market Attractiveness Analysis
13.4.1. By Country
13.4.2. By Product Type
13.4.3. By Application
13.5. Drivers and Restraints: Impact Analysis
13.6. Key Participants Market Presence Intensity Mapping
14. Japan Controlled and Slow Release Fertilizers Market Analysis 2013-2017 and Forecast 2018-2028
14.1. Introduction
14.2. Historical Market Size (US$ Mn) and Volume (Kiloton) By Market Segments, 2013-2017
14.3. Market Size (US$ Mn) and Volume (Kiloton) Forecast By Market Segments, 2018-2028
14.3.1. By Product Type
14.3.2. By Application
14.4. Market Attractiveness Analysis
14.4.1. By Product Type
14.4.2. By Application
14.5. Drivers and Restraints: Impact Analysis
14.6. Key Participants Market Presence Intensity Mapping
15. Middle East & Africa Controlled and Slow Release Fertilizers Market Analysis 2013-2017 and Forecast 2018-2028
15.1. Introduction
15.2. Historical Market Size (US$ Mn) and Volume (Kiloton) By Market Segments, 2013-2017
15.3. Market Size (US$ Mn) and Volume (Kiloton) Forecast By Market Segments, 2018-2028
15.3.1. By Country
15.3.1.1. GCC Countries
15.3.1.2. South Africa
15.3.1.3. North Africa
15.3.1.4. Rest of MEA
15.3.2. By Product Type
15.3.3. By Application
15.4. Market Attractiveness Analysis
15.4.1. By Country
15.4.2. By Product Type
15.4.3. By Application
15.5. Drivers and Restraints: Impact Analysis
15.6. Key Participants Market Presence Intensity Mapping
16. Controlled and Slow Release Fertilizers Market Industry Structure
16.1. Market Analysis by Tier of Companies
16.1.1. By Large, Medium and Small
16.2. Market Concentration
16.2.1. By Top 5 and By Top 10
16.3. Market Share Analysis of Top 10 Players, By Region
16.3.1. U.S.
16.3.2. Europe
16.3.3. Asia Pacific
16.4. Market Presence Analysis
16.4.1. By Regional Footprint
16.4.2. By Product Footprint
16.4.3. By Channel Footprint
17. Competition Analysis
17.1. Competition Dashboard
17.2. Competitive Benchmarking
17.3. Profitability and Gross Margin Analysis By Competition
17.4. Competition Developments (Mergers, Acquisitions and Expansions)
17.5. Competition Deep dive
17.5.1. Agrium Inc.
17.5.1.1. Overview
17.5.1.2. Product Portfolio
17.5.1.3. Profitability by Market Segments (Product/Channel/Region)
17.5.1.4. Production Footprint
17.5.1.5. Sales Footprint
17.5.1.6. Channel Footprint
17.5.1.7. Gross Margin Benchmarking
17.5.1.8. Strategy Overview
17.5.1.8.1. Marketing Strategy
17.5.1.8.2. Product Strategy
17.5.1.8.3. Channel Strategy
17.5.2. AGLUKON Spezialduenger GmbH & Co. KG
17.5.3. Haifa Chemicals Ltd
17.5.4. Kingenta Ecological Engineering Group Co. Ltd.
17.5.5. Yara International ASA
17.5.6. Israel Chemicals Ltd (ICL)
17.5.7. Koch Fertilizer, LLC
17.5.8. JNC Corporation
17.5.9. Morral Companies
17.5.10. Sustane Natural Fertilizer, Inc.
17.5.11. ABU DHABI FERTILIZER INDUSTRIES CO. W.L.L.
17.5.12. JCAM AGRI.CO.,LTD.
18. Research Methodology
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Controlled and Slow Release Fertilizers Market
