Controlled-release Fertilizers Market to reach USD 4.0 billion in 2030, at a CAGR of 5.8%

The Controlled-release Fertilizers Market stood at USD 2.7 billion in 2023-e and projected to grow at a CAGR of 5.8% through 2030 to reach USD 4.0 billion. The need for uniform nutrient application is one of the factors driving the growth of the CRF market. It is made to release nutrients gradually over a longer period of time, giving plants a more regulated and continuous supply of nutrients.

These controlled release fertilizers help promote more productive and sustainable agriculture by addressing a number of issues with conventional fertilizers. By releasing nutrients gradually and continuously to correspond with plant uptake patterns, CRFs help improve nutrient use efficiency. This lowers the possibility of volatilization, runoff, and nutrient leaching.

Nitrogen Stabilizers Propel Growth in the CRF Market

The capacity of nitrogen stabilizers to increase nitrogen use efficiency and decrease nitrogen losses to the environment is causing them to gain popularity in the agricultural market. Nitrogen is an essential nutrient for plant growth, however, it can be readily removed from the soil by processes such as denitrification (the process by which nitrate is converted into gaseous forms) and leaching (the movement of nutrients with water through the soil profile). In order to minimize nitrogen losses, nitrogen stabilizers are additives that can be added to conventional fertilizers to slow down the fertilizers' ammonium-based nitrate conversion.

Organic CRFs are Anticipated to Grow at a Significant Pace

Organic fertilizers are expected to see significant growth in the CRF market. As they are more environmentally friendly, organic CRF options become more popular as sustainability takes center stage. These fertilizers are derived from natural sources such as compost, manure, or plant extracts, improve soil health and lessen their negative effects on the environment. Organic CRFs gradually release nutrients in accordance with the need for a particular crop, which makes them more sustainable.

Foliar Category is Fueling the CRF Market Growth

The CRF market's growth is being substantially boosted by the foliar category. Through foliar application, CRFs are sprayed directly onto plant leaves, facilitating quick and effective nutrient absorption. By providing precise and targeted nutrient delivery, this technique improves crop yields and plant development. Farmers find foliar-applied CRFs to be convenient and effective, especially when it comes to quickly addressing nutrient deficiencies.

Controlled-release Fertilizers Market is Highly Competitive with the Presence of a Large Number of Global and Regional Players

The key companies in the controlled-release fertilizers market are actively expanding their portfolios. The market is highly competitive with the presence of a large number of global and regional players present in the market. The key players in the market are COMPO EXPERT, Haifa, Helena Chemicals, ICL, Kingenta, Koch, Mosaic, Nufarm, Nutrien, ScottsMiracle-Gro, SQM, and Yara.