Global Slow-Release Fertilizers Market, By Technology (Polymer Coating, Sulfur-Based Coating and Urea Reaction Product), Type (Urea Formaldehyde, Urea Isobutyraldehyde, Urea Acetaldehyde and Others), Mode of Application (Fertigation, Foliar, Soil and Other Modes of Application), End-Use (Non-Agricultural and Agricultural), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Slow-Release Fertilizers Market
Data Bridge Market Research analyses that the slow-release fertilizers market will project a compound annual growth rate (CAGR) of 6.60% during the forecast period of 2022-2029. Growing cultivation of cereals and grains, pulses, fruits and vegetables and other crops especially in the developing economies, increasing focus on the latest trends in the market, growing application of advanced and modern agricultural practices to improve the quality of produce, high growth in emerging countries coupled with high adoption of innovative technologies, and increasing industry competitiveness are the major factors attributable to the growth of slow-release fertilizers market.
Slow-release fertilizers are granulated fertilizers that are used to release nutrients in the soil to improve the productivity. Slow-release fertilizers are used to slowly and steadily supply the nutrients in the soil.
Growing awareness about the availability of highly efficient fertilizers, rising environmental protection concerns, and increasing rate of crop cultivation especially in the developing economies will emerge as the major factors fostering the growth of the market. Also, surging concerns regarding food safety, increasing number of product innovations, growing rate of industrialization and rising expenditure for research and development proficiencies in regards to new product launches are other important factors fostering the growth of the market. Growing application in foliar, fertigation, and soil and growing demand for high-value-crops will further create lucrative and remunerative growth opportunities for the market.
However, lack of knowledge and awareness in the backward economies is a major factor that will pose a major challenge to the growth of the market. Also, dearth of required infrastructural facilities, stringent regulations imposed by the government on the use of synthetic agrochemicals and lack of technical skills especially in the underdeveloped economies will further slowdown the market growth rate. Fluctuations in the prices of raw materials, high cost associated with controlled-release fertilizers, growing availability of substitutes and outbreak of coronavirus would also hamper the market growth rate.
This slow-release fertilizers market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on slow-release fertilizers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Slow-Release Fertilizers Market Scope and Market Size
The global slow-release fertilizers market is segmented on the basis of technology, type, mode of application and end-use. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of technology, the slow-release fertilizers market is segmented into polymer coating, sulfur-based coating, and urea reaction product.
- Based on type, the slow-release fertilizers market is segmented into urea formaldehyde, urea isobutyraldehyde, urea acetaldehyde, and others.
- Based on the mode of application, the slow-release fertilizers market is segmented into fertigation, foliar, soil, and other modes of application.
- The slow-release fertilizers market is also segmented on the basis of end-use. The end-use is segmented into non-agricultural, and agricultural. Non-agricultural has been further segmented into turf and ornamentals, nurseries and greenhouses, and other non-agricultural end uses. Agricultural has been further segmented into cereals and grains, oilseeds and pulses, vegetables, fruits, and plantation crops. Cereals and grains have been further segmented into soybean, canola, cotton, and other oilseeds and pulses. Vegetables have been further segmented into roots and tubers, and brassicas. Fruits have been further segmented into citrus fruits, berries, and other fruits.
Slow-Release Fertilizers Market Country Level Analysis
The global slow-release fertilizers market is analyses and market size, volume information is provided by country by technology, type, mode of application and end-use as referenced above.
The countries covered in the slow-release fertilizers market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America region dominates the slow-release fertilizers market and will continue to flourish its dominance during the forecast period owing to the rising research and development proficiencies and large scale production of commodity crops. Asia-Pacific region is projected to score the highest growth rate owing to the increasing rate of crop cultivation and growing personal disposable income are some other important factors fostering the growth of this region.
The country section of the slow-release fertilizers market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Slow-Release Fertilizers Market Share Analysis
The global slow-release fertilizers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to slow-release fertilizers market.
Some of the major players operating in the slow-release fertilizers market are Hanfeng Evergreen., LUXI GROUP, EcoChem., Yara, Mosaic, DAYANG CHEM (HANGZHOU) CO., LTD., Shanxi Lvhai Agrochemicals, MITSUI & CO., LTD., UPL, BASF SE, Bayer AG, DuPont., Dow., Syngenta Crop Protection AG, LANXESS, FMC Corporation, ADAMA., ICL Fertilizers, Helena Agri-Enterprises, LLC, Borealis AG and SABIC among others.
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