The growing demand for better crop yield is a significant factor influencing the controlled-release fertilizers market growth.

The global controlled-release fertilizers market is forecasted to reach USD 3,543.3 Million by 2027, according to a new report by Reports and Data. Growing demand for fertilizers for high crop yield is one of the significant factors influencing the controlled-release fertilizers market growth. Fertilizers allow farmers to increase their crop yield by boosting the productivity of the agricultural land, as well as can make an otherwise less productive land produce substantial yields. Fertilizers are formulated to support the yield of certain plants by allowing the plants to absorb the essential macro and micronutrient easily. The worldwide demand for fertilizers has witnessed a decent pace of growth, with the demand being more than 138 million tons in the year 2000 and rose to around 210 million tons in the year 2019.

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The COVID-19 impact:

The COVID-19 pandemic is having a significant impact on the controlled-release fertilizers industry. Demand for controlled-release fertilizers is suffering severe shocks across various end-use markets, worldwide supply chains are upset, and the competitive order of manufacturers/producers has witnessed a change. The shortage of demand has fast-tracked the global chemical sector into an oversupply situation. The lack of free movement of the labor force required for the application of fertilizers in the agricultural fields is lacking, thereby hindering the growth of the market in the COVID-19 pandemic. Movement restrictions appear to be a direct and immediate effect, and once the compulsory social distancing ends, it is expected things would get back to normal conditions.

Key participants include Mosaic Company, Koch Industries, Nutrien Limited, Haifa Chemicals, Nufarm Limited, the Andersons Inc., Yara International ASA, SQM, DeltaChem, and Helena Chemical, among others.

Further key findings from the report suggest

The usage of controlled-release fertilizers can decrease labor costs by eradicating the necessity to mix and observe water-soluble fertilizers and confines the requirement for expensive injection devices.
The controlled-release fertilizers have long-term environmental benefits as the release of nutrients is slow and at the rate, which is optimal for plant usage. Also, the nutrients leached during watering are least than using water-soluble fertilizers.
Fertigation held a significant market size in 2019 as it offers a frequent nutrient supply, thereby maintaining soil nutrient concentration.
The market in the Asia Pacific region contributed to the largest controlled-release fertilizers market share in 2019.
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For the purpose of this report, Reports and Data has segmented into the global controlled-release fertilizers market on the basis of type, distribution channel, application, end-use, and region:

Regional Outlook (Revenue, USD Billion; 2017-2027)

North America
US
Canada
Europe
Germany
UK
France
BENELUX
Rest of Europe
Asia Pacific
China
Japan
South Korea
Rest of APAC
MEA
Saudi Arabia
UAE
Rest of MEA
Latin America
Brazil
Rest of LATAM
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Type Outlook (Revenue, USD Billion; 2017-2027)

Slow-Release
Urea-Formaldehyde
Urea-Isobutyraldehyde
Urea-Acetaldehyde
Others
Coated & Encapsulated
Sulfur Coatings
Polymer Coatings
Others
Nitrogen Stabilizers
Nitrification Inhibitors
Urease Inhibitors
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)

Online
Offline
Application Outlook (Revenue, USD Billion; 2017-2027)

Foliar
Fertigation
Soil
Others
End-Use Outlook (Revenue, USD Billion; 2017-2027)

Agriculture
Non-Agriculture
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