Coated Fertilizers Market to be Dominated by North America Region Through 2028
Rising
environment concerns and focus on sustainable agriculture to drive the growth of Global Coated Fertilizers market
in the forecast period, 2024-2028.
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.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Coated Fertilizers Market”
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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