According to a research report, “Controlled-release Fertilizers Market by Type (Slow Release, Coated and Encapsulated, Nitrogen Stabilizers), End Use (Agricultural and Non-Agricultural), Mode of Application (Foliar, Fertigation, Soil), and Region – Global Forecast to 2028″ published by MarketsandMarkets, the controlled release fertilizers market was estimated at USD 2.2 billion in 2023 and is projected to reach USD 2.9 billion by 2028, at a CAGR of 5.9% from 2023 to 2028. The growing demand for controlled-release fertilizers is primarily fueled by their ability to enhance nutrient efficiency, reduce environmental impact, and align with sustainable agricultural practices, meeting the needs of both farmers and environmental concerns.
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The slow-release segment is expected to grow at the highest CAGR during the forecast period.
The market for slow-release fertilizers has experienced steady growth due to their inherent benefits in enhancing agricultural sustainability and productivity. The controlled and gradual nutrient release of these fertilizers aligns with precision agriculture techniques, ensuring optimal nutrient uptake by crops and minimizing wastage. This approach has gained traction as farmers seek to improve resource management, reduce nutrient runoff, and comply with stringent environmental regulations. Additionally, the rising awareness of soil health, water quality preservation, and long-term crop viability have driven the adoption of these fertilizers, making them a key component of modern farming strategies aimed at achieving both economic and environmental objectives.
Nitrogen Stabilizers is one of the controlled-release fertilizer types which accounted for the second-highest market share in 2022
Nitrogen stabilizers are gaining popularity in the agricultural market due to their ability to improve nitrogen use efficiency and reduce nitrogen losses to the environment. Nitrogen is a vital nutrient for plant growth, but it can be easily lost from the soil through processes like leaching (movement of nutrients with water through the soil profile) and denitrification (conversion of nitrate into gaseous forms). Nitrogen stabilizers are additives that can be combined with traditional fertilizers to slow down the conversion of ammonium-based fertilizers into nitrates, thus reducing nitrogen losses.
Farmers are becoming more educated about the consequences of nutrient losses and the benefits of controlled-release technologies. This increased awareness drives the demand for solutions like nitrogen stabilizers. Moreover, as sustainable farming practices gain prominence, farmers are seeking ways to minimize their environmental footprint. Nitrogen stabilizers align with these goals by minimizing nitrogen losses and promoting responsible nutrient management.
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Controlled-release Fertilizers Market Leading Key Players:
- Yara (Norway)
- Nutrien Ltd. (Canada)
- Mosaic (US)
- ICL (Israel)
- Nufarm (Australia)
- Kingenta (China)
- ScottsMiracle-Gro (US)
- Koch Industries, Inc. (US)
- COMPO EXPERT (Germany)
