Coated Fertilizers Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 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 2018-2028

  • Industry : Agriculture
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

The global coated fertilizers market is likely to witness impressive growth during the forecast period of 2024-2028. This can be attributed to the Increasing demand for high-efficiency fertilizers, precision agriculture practices, and growing environmental concerns. Coated fertilizers, also known as controlled-release fertilizers (CRF), are a type of fertilizer that has a protective coating around the nutrient granules. They are widely used in many developing countries, particularly in North America. Coated fertilizers optimize nutrient uptake by plants, allowing for controlled release rates and optimal nutrient ratios for specific growth stages. According to estimates, slow-release fertilizers only account for 8-10% of all fertilizers used globally, 1% in the US, and barely 0.25% in Europe. In Japan, rice receives 70% of the polymer-coated controlled-release fertilizers used. Polymer-coated fertilizers are commonly used in high-value applications. One contemporary application that has improved nutrient utilization efficiency is controlled release. The efficiency of fertilizer use can be enhanced by altering available fertilizer products, such as covered encapsulation.

Advancements in technology have played a significant role in the development of global coated fertilizers. In recent years, researchers have made advancements in coating materials used for coated fertilizers. They have explored different types of polymers, resins, and other materials to create coatings that offer improved release control, durability, and environmental stability. Additionally, advancements in coating techniques have contributed to the production of more efficient coated fertilizers. Innovations such as fluidized bed coating, pan coating, and extrusion coating have improved the uniformity and adherence of the coating on fertilizer granules, thereby opening new prospects for the growth of the global coated fertilizers market in the next few years.

The global coated fertilizers market faces several challenges, including high initial investment due to the cost of purchasing coated fertilizers, specialized application equipment, and implementing precision agriculture technologies, financial constraints in terms of research and development costs, environmental regulation for governing nutrient management practices, and minimizing environmental impacts. Market fragmentation with numerous manufacturers offering different formulations and products also poses a challenge. This fragmentation can lead to market confusion and a lack of standardized quality control measures, along with the growing trend of customized formulation for specific crops.

Coated fertilizers need to comply with regulatory requirements and standards set by government authorities in different countries or regions. These regulations ensure product safety, environmental protection, and accurate labeling. In the United States, coated fertilizers are regulated by the Environmental Protection Agency (EPA) under the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA). In Europe, coated fertilizers are regulated under the EU Fertilizers Regulation (Regulation (EU) 2019/1009), and so on. This process can be lengthy and expensive, and the requirements for approval can be stringent, making it difficult for smaller companies to navigate the process.

Growing Importance of Specialty Fertilizers                                                

The growing prominence of specialty fertilizers is a key factor driving the growth of the global coated fertilizers market. Specialty fertilizers are formulated to meet the specific nutrient requirements of particular crops, growth stages, or soil conditions. The use of CRFs can significantly minimize the environmental impact of fertilizer consumption, reducing it by 20% to 50% overall. CRFs can decrease leaching rates by up to 55%, denitrification rates by up to 40%, and volatilization rates by up to 40%. Coated fertilizers play a crucial role in the specialty fertilizers segment by offering controlled-release properties and targeted nutrient delivery. Specialty fertilizers require precise nutrient formulations tailored to the unique needs of specific crops or soil conditions. Coated fertilizers can be customized to provide controlled release of nutrients that align with the specific nutrient demands of specialty crops. By utilizing Controlled Release Fertilizers (CRFs), which have the best nutrient use efficiency and accurate, localized application (in the plant root zone), crops of the same or higher quality can be produced with significantly lower NPK inputs. The ability of coated fertilizers to offer customized nutrient formulations makes them a preferred choice for farmers seeking targeted nutrient delivery, thereby driving the demand for coated fertilizers in the specialty fertilizers market.

Enhanced Nutrient Efficiency Promises to Drive the Market

Enhanced nutrient efficiency is a key driver for the global coated fertilizers market. Coated fertilizers are designed to improve the efficiency of nutrient delivery to plants, ensuring optimal nutrient uptake and minimizing nutrient losses. A reduction of 40% in nutrient application can be achieved compared to applications with conventional fertilizers due to the gradual release of nutrients, which does not affect the electrical conductivity (EC) of the soil solution. Coated fertilizers help reduce nutrient losses through leaching, volatilization, and runoff. The protective coating on the fertilizer granules controls the release of nutrients, allowing for a gradual and controlled release over time. This controlled-release mechanism matches the nutrient requirements of plants, minimizing excess nutrient leaching beyond the root zone. By reducing nutrient losses, coated fertilizers improve overall nutrient efficiency and utilization, making them an attractive option for farmers. Coated fertilizers provide a sustained and continuous supply of nutrients to plants. The controlled-release mechanism ensures that nutrients are available to the plants when needed. Due to continuous nutrient release, stress periods of deficiencies are avoided, and less leaching takes place, avoiding nutrient deficiencies during critical growth stages. This increased nutrient availability supports optimal plant growth, development, and productivity. The ability of coated fertilizers to deliver nutrients in a timely and consistent manner enhances nutrient efficiency and drives demand in the global market.

Environmental Concerns

Environmental concerns play a significant role in driving the global coated fertilizers market. Coated fertilizers offer several advantages that address environmental challenges associated with conventional fertilizers. The estimated environmental impact of using uncoated urea as an N fertilizer ranged from 127% to 476% higher than that of coated urea, which was just 25% to 52% higher (not significantly) than background emission values. Coated fertilizers contribute to the protection of water quality. Nutrient runoff from agricultural fields can lead to the accumulation of nutrients in water bodies, causing algal blooms and disrupting aquatic ecosystems. Nitrate-N concentrations greater than 3 mg L-1 will be negatively associated with 15N values between -3 and +5, the commonly accepted range for chemical fertilizers, for groundwater to become contaminated with nitrate-N coming from mineral fertilizers. By reducing nutrient leaching and runoff, coated fertilizers help maintain better water quality and minimize the negative effects on aquatic environments. The use of coated fertilizers supports sustainable agricultural practices that prioritize water quality preservation. Excessive and imbalanced use of conventional fertilizers can lead to soil degradation, including nutrient imbalances, soil acidification, and decreased microbial activity. Coated fertilizers help maintain soil health by providing a balanced and controlled nutrient supply to plants, which promotes the growth of the global coated fertilizers market.

Recent Developments

  • In 2022, Orbia received a contribution from Yara and took another step in its plan to expand. Yara, a major provider of crop nutrition, now holds a minority stake in the business with 14% of the shares. With this new arrangement, Bayer and Bravium each possess a smaller percentage of the company's shares, 68.8% and 17.2% respectively. Yara will be able to broaden its newly announced loyalty program in addition to the range of items sold via Orbia.
  • In 2022, the Mosaic Company, a major producer of agricultural chemicals and fertilizers, recently acquired Plant Response, a leading provider of biologically based solutions, recovered waste fertilizers, and other crop input technologies. As Plant Response's sole financial advisor, Cascadia Capital, an investment bank that works with the AgTech industry, served as the intermediary. Plant Response, which recently merged Koch Biological Solutions (2019), Pathway BioLogic (2020), and WISErg (2021), brings together a comprehensive portfolio of biologically based crop inputs and technology.
  • In 2021, Compass Minerals América do Sul S.A., which includes the South American Plant Nutrition business of Compass Minerals, was acquired by the largest worldwide specialty minerals and specialty chemicals corporation for about US420 million. In Brazil, one of the world's fastest-growing agriculture markets, ICL is the top provider of specialty plant nutrition thanks to its recent acquisition of Fertiláqua and existing specialty plant nutrition business there.

Market Segmentation

Global Coated Fertilizers Market can be segmented by type, by crop type, by region and competitive landscape. Based on type, the market can be divided into Sulfur-coated Fertilizers, Polymer-coated Fertilizers, and Others. Based on Crop Type, the market is divided into Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Others. Regionally, the Global Coated Fertilizers Market can be categorized into North America, Europe, Asia Pacific, South America, and Middle East & Africa.


Market Players

Yara International ASA., The Mosaic Company, ICL Group Ltd., Koch Industries, Inc., Nutrien Ltd., Agrium Inc, Sinochem Group Co. Ltd., EuroChem Group AG are some of the leading players operating in the Global Coated Fertilizers Market.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

Type

Crop Type

Regional Scope

North America, Europe, Asia Pacific, South America, Middle East & Africa

Country Scope

United States, Canada, Mexico, United Kingdom, Germany, France, Italy, Spain, China, India, Japan, South Korea, Australia, Brazil, Argentina, Colombia, South Africa, Saudi Arabia, UAE

Key companies profiled

COMPO EXPERT, Nufarm Ltd., The Mosaic Company, Yara International ASA, Israel Chemicals Ltd., Scottsmiracle-Gro, Nutrien Ltd., Koch Industries, Helena Chemical, Haifa Chemicals

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, Global Coated Fertilizers Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Coated Fertilizers Market, By Type:

o      Sulfur-coated Fertilizers

o      Polymer-coated Fertilizers

o      Others

  • Coated Fertilizers Market, By Crop Type:

o      Cereals and Grains

o      Oilseeds and Pulses

o      Fruits and Vegetables

o      Others

  • Coated Fertilizers Market, By Region:

o      North America

o   United States

o   Canada

o   Mexico

o      Europe

o   United Kingdom

o   Germany

o   France

o   Italy

o   Spain

o      Asia Pacific

o   China

o   India

o   Japan

o   South Korea

o   Australia

o      South America

o   Brazil

o   Argentina

o   Colombia

o      Middle East & Africa

o   South Africa

o   Saudi Arabia

o   UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Coated Fertilizers Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Coated Fertilizers Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validations

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Coated Fertilizers Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Type (Sulfur-coated Fertilizers, Polymer-coated Fertilizers, Others)

5.2.2.    By Crop Type (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Others)

5.2.3.    By Region

5.2.4.    By Company (2022)

5.3.  Product Map

5.3.1.    By Type

5.3.2.    By Crop Type

5.3.3.    By Region

6.    North America Coated Fertilizers Market Outlook

6.1.  Market Size & Forecast       

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Type

6.2.2.    By Crop Type

6.2.3.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States Coated Fertilizers Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Type

6.3.1.2.2.           By Crop Type

6.3.2.    Canada Coated Fertilizers Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Type

6.3.2.2.2.           By Crop Type

6.3.3.    Mexico Coated Fertilizers Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Type

6.3.3.2.2.           By Crop Type

7.    Europe Coated Fertilizers Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Type

7.2.2.    By Crop Type

7.2.3.    By Country

7.3.  Europe: Country Analysis

7.3.1.    United Kingdom Coated Fertilizers Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Type

7.3.1.2.2.           By Crop Type

7.3.2.    Germany Coated Fertilizers Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Type

7.3.2.2.2.           By Crop Type

7.3.3.    France Coated Fertilizers Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecasty

7.3.3.2.1.           By Type

7.3.3.2.2.           By Crop Type

7.3.4.    Italy Coated Fertilizers Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Type

7.3.4.2.2.           By Crop Type

7.3.5.    Spain Coated Fertilizers Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Type

7.3.5.2.2.           By Crop Type

8.    Asia-Pacific Coated Fertilizers Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Vaccine Type

8.2.2.    By Crop Type

8.2.3.    By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.    China Coated Fertilizers Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Type

8.3.1.2.2.           By Crop Type

8.3.2.    India Coated Fertilizers Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Type

8.3.2.2.2.           By Crop Type

8.3.3.    Japan Coated Fertilizers Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Type

8.3.3.2.2.           By Crop Type

8.3.4.    South Korea Coated Fertilizers Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Type

8.3.4.2.2.           By Crop Type

8.3.5.    Australia Coated Fertilizers Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Type

8.3.5.2.2.           By Crop Type

9.    South America Coated Fertilizers Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Type

9.2.2.    By Crop Type

9.2.3.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil Coated Fertilizers Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Type

9.3.1.2.2.           By Crop Type

9.3.2.    Argentina Coated Fertilizers Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Type

9.3.2.2.2.           By Crop Type

9.3.3.    Colombia Coated Fertilizers Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Type

9.3.3.2.2.           By Crop Type

10. Middle East and Africa Coated Fertilizers Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Vaccine Type

10.2.2. By Crop Type

10.2.3. By Country

10.3.             MEA: Country Analysis

10.3.1. South Africa Coated Fertilizers Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Type

10.3.1.2.2.         By Crop Type

10.3.2. Saudi Arabia Coated Fertilizers Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Type

10.3.2.2.2.         By Crop Type

10.3.3. UAE Coated Fertilizers Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Type

10.3.3.2.2.         By Crop Type

11. Market Dynamics

11.1.             Drivers

11.2.             Challenges

12. Market Trends & Developments

12.1.             Recent Development

12.2.             Mergers & Acquisitions

12.3.             Product Launches

13. Global Coated Fertilizers Market: SWOT Analysis

14. Porter’s Five Forces Analysis

14.1.             Competition in the Industry

14.2.             Potential of New Entrants

14.3.             Power of Suppliers

14.4.             Power of Customers

14.5.             Threat of Substitute Products

15. Competitive Landscape

15.1.             COMPO EXPERT

15.2.             Nufarm Ltd.

15.3.             The Mosaic Company

15.4.             Yara International ASA

15.5.             Israel Chemicals Ltd.

15.6.             Scottsmiracle-Gro

15.7.             Nutrien Ltd.

15.8.             Koch Industries

15.9.             Helena Chemical

15.10.          Haifa Chemicals

16. Strategic Recommendations

Figures and Tables

Frequently asked questions

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Growing importance of specialty fertilizers, enhanced nutrient efficiency and environmental concerns are some of the factors driving the growth of Global Coated Fertilizers Market.

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COMPO EXPERT, Nufarm Ltd., The Mosaic Company, Yara International ASA, Israel Chemicals Ltd., Scottsmiracle-Gro, Nutrien Ltd., Koch Industries, Helena Chemical, Haifa Chemicals are some of the leading players operating in the Global Coated Fertilizers Market.

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The Germany is expected to dominate the market of Coated Fertilizers due to rapid industrialization.

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The primary challenge that the global coated fertilizers market will have to overcome in the upcoming years is the high initial investment and limited product availability.

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Sakshi Bajaal

Business Consultant
Press Release

Coated Fertilizers Market to be Dominated by North America Region Through 2028

Oct, 2023

Rising environment concerns and focus on sustainable agriculture to drive the growth of Global Coated Fertilizers market in the forecast period, 2024-2028.

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