Coated Fertilizers Market- Increasing environmental concerns and a growing emphasis on sustainable agriculture are expected to fuel the growth of the global market during the forecast period from 2024 to 2028.
According to TechSci Research report, “Coated Fertilizers Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F,” the Global Coated Fertilizers market is expected to grow during the forecast period of 2024-2028. This can be attributed to the rising demand for high-efficiency fertilizers, focus on sustainable agriculture, and growing specialty crop cultivation.
The global coated fertilizers market is being driven by several factors, including enhanced nutrient efficiency by slow release of nutrients and in a controlled manner, the increasing demand for high-yield crops as the global population is growing, leading to an increased demand for food, and the rising popularity of controlled-release fertilizers.
The development of innovative advanced coating technologies and coating technologies for fertilizers has undergone significant advancements and is also driving the growth of the Global Coated Fertilizers Market. Additionally, government initiatives and partnerships between public and private sectors to promote coated fertilizers are creating new opportunities for coated fertilizer manufacturers.
Finally, the increasing awareness about the benefits of coated fertilizers has led to farmers and agricultural professionals becoming more informed about their usage and advantages. Education programs, agricultural extension services, and research initiatives have played a crucial role in disseminating knowledge about coated fertilizers and promoting their adoption. These factors are expected to continue driving the growth of the Global Coated Fertilizers Market in the coming years.
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Global Coated Fertilizers Market can be segmented by type, by crop type, by region and competitive landscape.
Based on Type, the market is divided into sulfur-coated fertilizers, polymer-coated fertilizers, and others. Because of their wide usage the sulfur-coated fertilizer segment is expected to dominate the global coated fertilizers market in the coming years. These fertilizers consist of a core granule of nitrogen, phosphorus, and potassium (NPK) nutrients, which is coated with a layer of sulfur. The sulfur coating gradually releases the nutrients over time, providing a controlled-release mechanism.
Sulfur-coated fertilizers are particularly beneficial for crops with a longer growth duration, such as tree crops, because they supply nutrients consistently throughout the growing season. Additionally, the sulfur coating acts as a semi-permeable barrier that controls the release of nutrients. Over time, the sulfur coating gradually breaks down, allowing the nutrients to be released into the soil. Therefore, the Sulfur-Coated Fertilizers segment is expected to continue dominating the Global Coated Fertilizers market in the coming years.
Global Coated Fertilizers Market is divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa, based on region. The North America region is expected to dominate the market in the coming years due to the high demand of high-efficiency fertilizers that can provide nutrients to crops in a controlled and sustained manner. Coated fertilizers meet this demand by releasing nutrients slowly over time, which reduces nutrient losses and improves crop yields. North America has a highly developed agricultural sector, with farmers who are early adopters of new technologies.
This has led to a high demand for coated fertilizers in the region. North American governments are promoting the use of coated fertilizers as a way to improve agricultural productivity and reduce environmental pollution. They are doing this through subsidies, tax breaks, and other incentives. North America is home to some of the world’s leading coated fertilizer producers, such as Nutrien, CF Industries, and Yara International. These companies have a strong presence in the region and are able to meet the high demand for coated fertilizers. Therefore, the North America region is likely to dominate the Global Coated Fertilizers market in the coming years.
Major companies operating in Global Coated Fertilizers Market are:
- COMPO EXPERT
- Nufarm Ltd.
- The Mosaic Company
- Yara International ASA
- Israel Chemicals Ltd.
- Scottsmiracle-Gro
- Nutrien Ltd.
- Koch Industries
- Helena Chemical
- Haifa Chemicals
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“The global coated fertilizers market is rapidly evolving, with significant advancements in coating technology and an increasing number of nano-coating technologies for coated fertilizers. The market is dominated by sulfur-coated fertilizers, which provide a controlled-release mechanism for nutrients. The sulfur coating gradually breaks down over time, releasing the enclosed nutrients into the soil. This controlled-release feature ensures a steady and prolonged supply of nutrients to plants, avoiding sudden nutrient surges and deficiencies. Technological advancements, such as the use of coating materials and coating techniques, are also driving the development of more effective coated fertilizers.
Additionally, coated fertilizers are designed to reduce nutrient runoff and minimize the adverse environmental impacts associated with traditional fertilizers. They help prevent nutrient pollution in water bodies, mitigate greenhouse gas emissions, and minimize soil degradation. The increasing advancement in coating technologies and partnerships between public and private sectors bodes well for the future of the coated fertilizers market, with several promising coating candidates currently in advanced stages of development,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Coated Fertilizers Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Type (Sulfur-coated Fertilizers, Polymer-coated Fertilizers, Others), By Crop Type (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Others), By Region and Competition,” has evaluated the future growth potential of Global Coated Fertilizers Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Coated Fertilizers Market.
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