Dublin, March 07, 2023 (GLOBE NEWSWIRE) -- The "Controlled Release Fertilizers Granules Market By Product Type, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
The global controlled release fertilizers granules market size was valued at $0.5 billion in 2021, and is projected to reach $1.0 billion by 2031, growing at a CAGR of 8% from 2022 to 2031.
Key Market Players
- Allied Nutrients
- Koch Industries, Inc.
- Knox Fertilizer Company, Inc.
- J. R. Simplot Company
- Haifa Negev technologies LTD
- ICL Group
- ASK Chemicals
- Kingenta
- Neufarm GmbH
- Nutrien Ltd.
Controlled-release fertilizers granules (CRFGs) are granular fertilizer particles covered with a polymer or resin that limits moisture contact and dissolves the fertilizer particles to release fertilizer gradually over time. The release rate is determined by the coating's thickness and air temperature.
Fertilizer will be released more quickly at warmer temperatures. The majority of CRFGs have an estimated release rate based on a temperature of 75F. The nutrients are released over a period of 2 to 18 months, depending on the product design.
The product is protected from scorching, the release duration is predictable, and there is no nutrient leakage. Controlled release fertilizers granules are generally used as specialty fertilizers in applications, such as agricultural applications, lawn & turf, fruits and vegetables, nurseries, and gardens.
Thus, the agriculture industry will hold a dominant share in the demand for controlled and slow release fertilizers. Increase in investments in sustainable and eco-friendly fertilizers propel the demand for these controlled release fertilizers granules during the forecast period.
The global controlled release fertilizers granules market is bifurcated on the basis of product type, application and region. On the basis of product type, the market is divided into sulfur-coated urea (SCU), polymer coated products, polymer-sulfur-coated urea (PSCU) and others. Depending on the application, the market is classified into agriculture and non-agriculture. Agriculture is further bifurcated into cereals & grains, oilseed & pulses, fruits & vegetables, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA.
The key players operating in the global controlled release fertilizers granules market are Haifa Negev technologies LTD, ICL Specialty Fertilizers, Nutrien Ltd., Simplot, Allied Nutrients, Koch Industries, Knox Fertilizer Company, Neufarm, Kingenta, and ASK Chemicals GmbH. Based on product type, sulfur coated urea is widely used in agriculture for reducing some of the harmful effects of fertilizers including crop burn.
Key Benefits
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the controlled release fertilizers granules market analysis from 2021 to 2031 to identify the prevailing controlled release fertilizers granules market opportunities.
- The controlled release fertilizers granules market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the controlled release fertilizers granules market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global controlled release fertilizers granules market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the controlled release fertilizers granules market players.
- The report includes the analysis of the regional as well as global controlled release fertilizers granules market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
- Sulphur-coated urea (SCU)
- Polymer coated Products
- Polymer-sulphur-coated urea (PSCU)
- Others
By Application
- Agriculture
- Non-agriculture
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Indonesia
- India
- Vietnam
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Kenya
- South Africa
- Rest of LAMEA
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 263 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value (USD) in 2021 | $0.5 billion |
| Forecasted Market Value (USD) by 2031 | $1 billion |
| Compound Annual Growth Rate | 7.2% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/xt0zpj
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