Controlled Release Fertilizer Market
Controlled Release Fertilizer Market Study by Polymer Sulfur Coated Urea/Sulfur Coated Urea, Polymer Coated Urea, and Polymer Coated NPK from 2023 to 2033
Analysis of Controlled Release Fertilizer Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Controlled Release Fertilizer Market Growth Spectrum Analysis (2023 to 2033)
The controlled release fertilizer market size was valued at US$ 3.2 Billion in 2022, and is projected to reach US$ 5.4 Billion by 2033, growing at a Compound Annual Growth Rate (CAGR) of 5.0% during the forecast period from 2023 to 2033.
The primary factor which drives the sales of controlled-release fertilizer is the surging adoption of numerous methods for growing and delivering high-quality crops. Controlled-release fertilizers are fertilizers that slowly release nutrients into the soil.
| Report Attributes | Details |
|---|---|
| Controlled Release Fertilizer Market Size (2022A) | US$ 3.2 Billion |
| Estimated Market Value (2023E) | US$ 3.3 Billion |
| Forecasted Market Value (2033F) | US$ 5.4 Billion |
| Global Market Growth Rate (2023 to 2033) | 5.0% CAGR |
| North America Market Share (2022) | 40.0% |
| Key Companies Profiled | AgroBridge (m) Sdn. Bhd.; ATS (Growth Products); Compo GmbH & Co. KG; Ekompany International B.V; Eurochem Agro Gmbh; Greenfeed Agro Sdn Bhd; Haifa Group; Hanfeng Evergreen Inc.; Harrell's LLC; HIF Tech Sdn Bhd; Israel Chemicals Ltd; JNC Corporation (Chisso); Kingenta International; Nufarm Ltd.; Nutrien |
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Analyses of Market Dynamics in a Planned Timeframe
The type of soil, level of soil fertility among different soil types, the ratio of available nutrients, crop type, and weather affect the type & quantity of fertilizers applied to crops. In the wake of the COVID-19 pandemic, there is an urgent need to implement innovative measures that use sensor and satellite technologies to improve the efficiency of agricultural inputs, particularly fertilizer.
Both nitrogen (N) and phosphorus (P), two essential nutrients for plants, need to be thoroughly examined during cultivation. Utilizing fertilizer to replace nutrients lost during crop harvest is referred to as sustainable nutrient management. This is because volatilization, leaching, and denitrification result in a significant loss of nitrogen. Utilizing control-release fertilizers is one strategy for increasing nitrogen efficiency.
- Growth Factors for Short Term (2023 to 2026): Growing agriculture sector to create high demand for CRF to enhance crop production and meet the rising population demand.
- Factors for Medium-Term Growth (2026 to 2029): Global nutrient use efficiency has been extremely low, ranging from 40% to 50%. This means that the majority of applied fertilizers are lost to the natural environment. Utilizing controlled released fertilizers to target crops results in lower nutrient losses and improved nutrient utilization efficiency.
- Long Term Growth Opportunities (2029 to 2033): Manufacturers are putting an emphasis on sustainability and introducing controlled release fertilizers that are useful to the soil. In order to achieve carbon neutrality, manufacturers are focused on developing green formulations elevating market growth.
According to Fact.MR, during the timeframe 2018 to 2022, the controlled release fertilizer market expanded at a CAGR of 4.0%, and it is anticipated to expand at a CAGR of 5.0% between 2023 and 2033.
Market Dynamics Analysis
“Increasing Adoption of CRF to Reform Agricultural Practices & Improve Yield”
Major debates regarding crop production enhancements revolve around agricultural productivity and efficiency. The idea of agricultural productivity encompasses practices like using organic fertilizers, applying the right amount of irrigation, and minimizing the use of chemical fertilizers to prevent soil degradation in addition to increasing overall crop yield.
Therefore, achieving a high level of productivity can be accomplished with the help of controlled release fertilizers. They maximize crop nutrient retention and are less harmful to the environment than conventional fertilizers. The gradual release of micronutrients into the soil helps keep the soil fertile, giving farmers more opportunities to cultivate.
The Food and Agriculture Organization predicts that by 2050, the world's demand for food, particularly cereals, for both plant and animal feed, will reach around 3 billion tons. As a result, agriculture would require more fertile land, which will increase demand for non-destructive fertilizers and boost sales of controlled release fertilizers.
“Trend of Eco-Friendly Fertilizers: Drives Controlled Release Fertilizer Market”
Controlled release fertilizers are primarily used to extend the amount of time that soil retains nutrients. The global controlled release fertilizers market is expected to grow at a faster rate than any conventional fertilizer during the forecast period due to their ability to release nutrient fractions gradually.
Crops that use controlled-release fertilizers are able to retain as many nutrients in the soil as possible, significantly reducing losses caused by leaching, volatilization, or excessive turf growth, because it delivers nutrients directly to the root zone, it is more effective.
As conventional fertilizers' average nutrient recovery by crops remained relatively low, high-quality fertilizers like controlled release fertilizers, which deliver high efficiency and a longer nutrient retention time, presented an alarming opportunity.
“Expensive as Compared to Conventional Fertilizers, Limiting the Global Consumption”
The overall application cost of controlled release fertilizers poses a threat to the global market, despite the fact that they have a significant impact on long-term crop protection and productivity.
The widespread belief among farmers in developing and underdeveloped nations that applying a lot of fertilizers would improve crop yield and quality will discourage them from contributing to the expansion of the global market.
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Country-wise Insights
What Factors are Likely to Drive CRF Demand Across the US?
In the global controlled release fertilizers market, the United States generates more than a quarter of all revenue from a regional perspective. The region has always been working steadily to improve fertilizer quality and has provided potential market opportunities.
The demand in the country is rising due to non-agricultural applications like golf courses, turf gardens, and lawns. The National Golf Foundation asserts that golf courses are constructed on approximately 2 million acres of land in the United States. Utilizing controlled release fertilizers for continuous nutrient supply presents enormous opportunities as a result.
In addition, the region is experiencing an acceleration in the consumption of lentils and crops as a result of strict regulations regarding fast food consumption. Another reason for the rising demand for crops is the health benefits of vegetarian and vegan food. As a result, the U.S. market is expected to have a controlled release fertilizer market share of 40.0% during the upcoming forecast period.
How China Creates Ample Opportunities for CRF Manufacturers?
In terms of consumption, East Asia is one of the lucrative markets for controlled release fertilizer. Owing to the region's robust agricultural production, China commands the majority of the demand for controlled release fertilizer. China is the world leader in the production of fruits, vegetables, and food grains because it uses high-quality fertilizers to improve crop yield and performance, contributing significantly to the global market for controlled release fertilizers.
China's consumption of controlled release fertilizers, in particular, is anticipated to rise at a CAGR of approximately 10.0% over the forecast period. Over the past half a decade, controlled release fertilizers have gained significant traction due to their superior advantages over conventional fertilizers, including the gradual release of nutrients into the soil. Therefore, China is anticipated to hold a 25.0% of global controlled release fertilizers market share by the end of the forecast period.
Category-wise Insights
Preventing Soil Degradation and Increasing the Absorption of Polymer-Coated NPK Fertilizers
Over the past ten years, nitrogen-based controlled release fertilizers have gained popularity due to their ease of availability and reasonable pricing. Additionally, due to their potential to reduce N2O emissions, controlled release nitrogen fertilizers have sparked interest in the fertilizer landscape.
Over extended periods, polymer-coated NPK controlled release fertilizers gradually release nutrients, typically lasting anywhere from three months to 18 months, preventing soil degradation. As a result, polymer-coated NPK fertilizers are anticipated to capture 45.0% of the market during the forecast period.
Fertilizers with Controlled Release Are Significant Growth Promoters in Vegetables and Fruits
The controlled release fertilizers industry is benefiting from the growing trend toward eating raw fruits and vegetables and incorporating them into various recipes. People are taking health-related issues more seriously as a result of growing health-related concerns. Additionally, the natural healing properties of fruits and vegetables make them effective medicines.
In addition, problems with the heart and obesity have forced people to adopt healthier habits. Additionally, because fruits and vegetables contain dietary fiber, vegetarianism and veganism are gaining popularity all over the world. As a result, the demand for fruits and vegetables is rising.
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Key Strategies Followed by Key Manufacturers
Prominent controlled release fertilizers manufacturers are AgroBridge (m) Sdn. Bhd., ATS (Growth Products), Compo GmbH & Co. KG, Ekompany International B.V, Eurochem Agro Gmbh, and Yara International.
To expand their market presence, prominent manufacturers of controlled release fertilizer are successfully collaborating with or acquiring existing small, medium, and large manufacturers. For Instance, Eurochem Agro Gmbh agreed to acquire the Brazil-based Serra do Salitre phosphate project in August 2021. The project is currently fifty percent finished, and fertilizer production is anticipated to begin in 2023. The acquisition is anticipated to reduce Brazil's reliance on phosphate supplies from third parties while simultaneously producing phosphates and complex fertilizers.
Fact.MR has provided detailed information about the price points of key manufacturers of controlled release fertilizer positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Controlled Release Fertilizer Industry Research
-
Controlled Release Fertilizer Market by Product :
- Polymer Sulfur Coated Urea/Sulfur Coated Urea
- Polymer Coated Urea
- Polymer Coated NPK
-
Controlled Release Fertilizer Market by Crop :
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others
-
Controlled Release Fertilizer Market by Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Demand (Tons) Analysis and Forecast
- 5. Global Market - Pricing Analysis
- 6. Global Market Value (US$ million) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Type
- 7.1. Polymer Sulfur Coated Urea/Sulfur Coated Urea
- 7.2. Polymer Coated Urea
- 7.3. Polymer Coated NPK
- 8. Global Market Analysis and Forecast, By Crop
- 8.1. Cereals & Grains
- 8.2. Oilseeds & Pulses
- 8.3. Fruits & Vegetables
- 8.4. Others
- 9. Global Market Analysis and Forecast, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia & Oceania
- 9.6. Middle East & Africa
- 10. North America Market Analysis and Forecast
- 11. Latin America Market Analysis and Forecast
- 12. Europe Market Analysis and Forecast
- 13. East Asia Market Analysis and Forecast
- 14. South Asia & Oceania Market Analysis and Forecast
- 15. Middle East & Africa Market Analysis and Forecast
- 16. Country-level Market Analysis and Forecast
- 17. Market Structure Analysis
- 18. Competition Analysis
- 18.1. AgroBridge (m) Sdn. Bhd.
- 18.2. ATS (Growth Products)
- 18.3. Compo GmbH & Co. KG
- 18.4. Ekompany International B.V
- 18.5. Eurochem Agro Gmbh
- 18.6. Greenfeed Agro Sdn Bhd
- 18.7. Haifa Group
- 18.8. Hanfeng Evergreen Inc.
- 18.9. Harrell's LLC
- 18.10. HIF Tech Sdn Bhd
- 18.11. Israel Chemicals Ltd
- 18.12. JNC Corporation (Chisso)
- 18.13. Kingenta International
- 18.14. Nufarm Ltd.
- 18.15. Nutrien
- 18.16. The Scotts Miracle-Gro Company
- 18.17. Smart Fert Sdn Bhd
- 18.18. Sociedad Quimica Y Minera De Chile SA
- 18.19. Yara International
- 19. Assumptions & Acronyms Used
- 20. Research Methodology
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List Of Table
Table 1: Global Market Value (US$ million) by Region, 2018 to 2022
Table 2: Global Market Value (US$ million) and Forecast by Region, 2023 to 2033
Table 3: Global Market Volume (Tons) by Region, 2018 to 2022
Table 4: Global Market Volume (Tons) and Forecast by Region, 2023 to 2033
Table 5: Global Market Value (US$ million), By Type, 2018 to 2022
Table 6: Global Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 7: Global Market Volume (Tons), By Type, 2018 to 2022
Table 8: Global Market Volume (Tons) and Forecast By Type, 2023 to 2033
Table 9: Global Market Value (US$ million), By Crop, 2018 to 2022
Table 10: Global Market Value (US$ million) and Forecast By Crop, 2023 to 2033
Table 11: Global Market Volume (Tons), By Crop, 2018 to 2022
Table 12: Global Market Volume (Tons) and Forecast By Crop, 2023 to 2033
Table 13: North America Market Value (US$ million), by Country, 2018 to 2022
Table 14: North America Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 15: North America Market Volume (Tons), by Country, 2018 to 2022
Table 16: North America Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 17: North America Market Value (US$ million), By Type, 2018 to 2022
Table 18: North America Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 19: North America Market Volume (Tons), By Type, 2018 to 2022
Table 20: North America Market Volume (Tons) and Forecast By Type, 2023 to 2033
Table 21: North America Market Value (US$ million), By Crop, 2018 to 2022
Table 22: North America Market Value (US$ million) and Forecast By Crop, 2023 to 2033
Table 23: North America Market Volume (Tons), By Crop, 2018 to 2022
Table 24: North America Market Volume (Tons) and Forecast By Crop, 2023 to 2033
Table 25: Latin America Market Value (US$ million), by Country, 2018 to 2022
Table 26: Latin America Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 27: Latin America Market Volume (Tons), by Country, 2018 to 2022
Table 28: Latin America Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 29: Latin America Market Value (US$ million), By Type, 2018 to 2022
Table 30: Latin America Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 31: Latin America Market Volume (Tons), By Type, 2018 to 2022
Table 32: Latin America Market Volume (Tons) and Forecast By Type, 2023 to 2033
Table 33: Latin America Market Value (US$ million), By Crop, 2018 to 2022
Table 34: Latin America Market Value (US$ million) and Forecast By Crop, 2023 to 2033
Table 35: Latin America Market Volume (Tons), By Crop, 2018 to 2022
Table 36: Latin America Market Volume (Tons) and Forecast By Crop, 2023 to 2033
Table 37: Europe Market Value (US$ million), by Country, 2018 to 2022
Table 38: Europe Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 39: Europe Market Volume (Tons), by Country, 2018 to 2022
Table 40: Europe Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 41: Europe Market Value (US$ million), By Type, 2018 to 2022
Table 42: Europe Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 43: Europe Market Volume (Tons), By Type, 2018 to 2022
Table 44: Europe Market Volume (Tons) and Forecast By Type, 2023 to 2033
Table 45: Europe Market Value (US$ million), By Crop, 2018 to 2022
Table 46: Europe Market Value (US$ million) and Forecast By Crop, 2023 to 2033
Table 47: Europe Market Volume (Tons), By Crop, 2018 to 2022
Table 48: Europe Market Volume (Tons) and Forecast By Crop, 2023 to 2033
Table 49: East Asia Market Value (US$ million), by Country, 2018 to 2022
Table 50: East Asia Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 51: East Asia Market Volume (Tons), by Country, 2018 to 2022
Table 52: East Asia Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 53: East Asia Market Value (US$ million), By Type, 2018 to 2022
Table 54: East Asia Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 55: East Asia Market Volume (Tons), By Type, 2018 to 2022
Table 56: East Asia Market Volume (Tons) and Forecast By Type, 2023 to 2033
Table 57: East Asia Market Value (US$ million), By Crop, 2018 to 2022
Table 58: East Asia Market Value (US$ million) and Forecast By Crop, 2023 to 2033
Table 59: East Asia Market Volume (Tons), By Crop, 2018 to 2022
Table 60: East Asia Market Volume (Tons) and Forecast By Crop, 2023 to 2033
Table 61: South Asia & Oceania Market Value (US$ million), by Country, 2018 to 2022
Table 62: South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 63: South Asia & Oceania Market Volume (Tons), by Country, 2018 to 2022
Table 64: South Asia & Oceania Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 65: South Asia & Oceania Market Value (US$ million), By Type, 2018 to 2022
Table 66: South Asia & Oceania Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 67: South Asia & Oceania Market Volume (Tons), By Type, 2018 to 2022
Table 68: South Asia & Oceania Market Volume (Tons) and Forecast By Type, 2023 to 2033
Table 69: South Asia & Oceania Market Value (US$ million), By Crop, 2018 to 2022
Table 70: South Asia & Oceania Market Value (US$ million) and Forecast By Crop, 2023 to 2033
Table 71: South Asia & Oceania Market Volume (Tons), By Crop, 2018 to 2022
Table 72: South Asia & Oceania Market Volume (Tons) and Forecast By Crop, 2023 to 2033
Table 73: MEA Market Value (US$ million), by Country, 2018 to 2022
Table 74: MEA Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 75: MEA Market Volume (Tons), by Country, 2018 to 2022
Table 76: MEA Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 77: MEA Market Value (US$ million), By Type, 2018 to 2022
Table 78: MEA Market Value (US$ million) and Forecast By Type, 2023 to 2033
Table 79: MEA Market Volume (Tons), By Type, 2018 to 2022
Table 80: MEA Market Volume (Tons) and Forecast By Type, 2023 to 2033
Table 81: MEA Market Value (US$ million), By Crop, 2018 to 2022
Table 82: MEA Market Value (US$ million) and Forecast By Crop, 2023 to 2033
Table 83: MEA Market Volume (Tons), By Crop, 2018 to 2022
Table 84: MEA Market Volume (Tons) and Forecast By Crop, 2023 to 2033
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List Of Figures
Figure 1: Global Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 2: Global Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 3: Global Market Value (US$ million) and Volume (Tons) by Region, 2023 & 2033
Figure 4: Global Market Y-o-Y Growth Rate by Region, 2023 to 2033
Figure 5: Global Market Value (US$ million) and Volume (Tons) By Type, 2023 & 2033
Figure 6: Global Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 7: Global Market Value (US$ million) and Volume (Tons) By Crop, 2023 & 2033
Figure 8: Global Market Y-o-Y Growth Rate By Crop, 2023 to 2033
Figure 9: North America Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 10: North America Market Absolute $ Opportunity (US million), 2023 to 2033
Figure 11: North America Market Value (US$ million) and Volume (Tons), by Country, 2023 & 2033
Figure 12: North America Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 13: North America Market Value (US$ million) and Volume (Tons) By Type, 2023 & 2033
Figure 14: North America Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 15: North America Market Value (US$ million) and Volume (Tons) By Crop, 2023 & 2033
Figure 16: North America Market Y-o-Y Growth Rate By Crop, 2023 to 2033
Figure 17: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 18: North America Market Attractiveness Analysis By Type, 2023 to 2033
Figure 19: North America Market Attractiveness Analysis By Crop, 2023 to 2033
Figure 20: Latin America Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 21: Latin America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 22: Latin America Market Attractiveness Analysis By Type, 2023 to 2033
Figure 23: Latin America Market Attractiveness Analysis By Crop, 2023 to 2033
Figure 24: Europe Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 25: Europe Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 26: Europe Market Value (US$ million) and Volume (Tons), by Country, 2023 & 2033
Figure 27: Europe Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 28: Europe Market Value (US$ million) and Volume (Tons) By Type, 2023 & 2033
Figure 29: Europe Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 30: Europe Market Value (US$ million) and Volume (Tons) By Crop, 2023 & 2033
Figure 31: Europe Market Y-o-Y Growth Rate By Crop, 2023 to 2033
Figure 32: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 33: Europe Market Attractiveness Analysis By Type, 2023 to 2033
Figure 34: Europe Market Attractiveness Analysis By Crop, 2023 to 2033
Figure 35: East Asia Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 36: East Asia Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 37: East Asia Market Value (US$ million) and Volume (Tons), by Country, 2023 & 2033
Figure 38: East Asia Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 39: East Asia Market Value (US$ million) and Volume (Tons) By Type, 2023 & 2033
Figure 40: East Asia Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 41: East Asia Market Value (US$ million) and Volume (Tons) By Crop, 2023 & 2033
Figure 42: East Asia Market Y-o-Y Growth Rate By Crop, 2023 to 2033
Figure 43: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 44: East Asia Market Attractiveness Analysis By Type, 2023 to 2033
Figure 45: East Asia Market Attractiveness Analysis By Crop, 2023 to 2033
Figure 46: South Asia & Oceania Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 47: South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 48: South Asia & Oceania Market Value (US$ million) and Volume (Tons), by Country, 2023 & 2033
Figure 49: South Asia & Oceania Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 50: South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Type, 2023 & 2033
Figure 51: South Asia & Oceania Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 52: South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Crop, 2023 & 2033
Figure 53: South Asia & Oceania Market Y-o-Y Growth Rate By Crop, 2023 to 2033
Figure 54: South Asia & Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 55: South Asia & Oceania Market Attractiveness Analysis By Type, 2023 to 2033
Figure 56: South Asia & Oceania Market Attractiveness Analysis By Crop, 2023 to 2033
Figure 57: MEA Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 58: MEA Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 59: MEA Market Value (US$ million) and Volume (Tons), by Country, 2023 & 2033
Figure 60: MEA Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 61: MEA Market Value (US$ million) and Volume (Tons) By Type, 2023 & 2033
Figure 62: MEA Market Y-o-Y Growth Rate By Type, 2023 to 2033
Figure 63: MEA Market Value (US$ million) and Volume (Tons) By Crop, 2023 & 2033
Figure 64: MEA Market Y-o-Y Growth Rate By Crop, 2023 to 2033
Figure 65: MEA Market Attractiveness Analysis by Country, 2023 to 2033
Figure 66: MEA Market Attractiveness Analysis By Type, 2023 to 2033
Figure 67: MEA Market Attractiveness Analysis By Crop, 2023 to 2033
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Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What was the Global CRF Market Size Reported by Fact.MR for 2022?
In 2022, the global market for controlled release fertilizers was worth US$ 3.2 billion.
At What value the CRF Market is Estimated to Reach in 2023?
The market is expected to reach around a valuation of US$ 5.4 billion by 2023.
What is the Projected CAGR for the CRF Market from 2023 to 2033?
By the end of the forecast period, it is anticipated that the market will grow at a CAGR of 5.0%.
Which kind of CRF is most Likely to Account for the Majority of Sales?
Controlled-release fertilizers are expected to account for 45.0% of the market for polymer-coated NPK.
Which Type of Crop is Anticipated to Account for the Greatest Proportion of CRF Sales?
Controlled release fertilizers are expected to have a 40.0% market share in fruits and vegetable production.
Controlled Release Fertilizer Market