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Asia-Pacific Controlled Release Fertilizer Market Size

The Asia-Pacific Controlled Release Fertilizer Market is experiencing significant growth, driven by an increasing demand for environmentally friendly and efficient fertilizers. The market's expansion is particularly notable in the segment of polymer-coated controlled-release fertilizers, which holds a substantial share due to their effectiveness in enhancing nutrient use efficiency and reducing environmental impact. The region's agricultural practices, especially in cereal and oilseed cultivation, are propelling the demand for these fertilizers. China and India are key players in the market, with China leading in market share. The focus on sustainable agriculture and the need to address nitrogen loss challenges are further contributing to the market's growth trajectory.

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Market Size of asia-pacific controlled release fertilizer Industry

Asia-Pacific Controlled Release Fertilizer Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 201.1 Million
svg icon Market Size (2030) USD 304.8 Million
svg icon Largest Share by Coating Type Polymer Coated
svg icon CAGR (2024 - 2030) 7.17 %
svg icon Largest Share by Country China
svg icon Market Concentration High

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Asia-Pacific Controlled Release Fertilizer Market Analysis

The Asia-Pacific Controlled Release Fertilizer Market size is estimated at 201.1 million USD in 2024, and is expected to reach 304.8 million USD by 2030, growing at a CAGR of 7.17% during the forecast period (2024-2030).

201.1 Million

Market Size in 2024 (USD)

304.8 Million

Market Size in 2030 (USD)

10.98 %

CAGR (2017-2023)

7.17 %

CAGR (2024-2030)

Largest Segment by Type

59.84 %

value share, Straight, 2023

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Straight fertilizers are the most consumed fertilizer, as Nitrogen is the most yield-limiting nutrient for crop growth and farmers are highly adapted to its usage.

Largest Segment by Coating Type

76.07 %

value share, Polymer Coated, 2023

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The Polymer coated fertilizer's capacity to increase the crop yields by 10-20% and its adjustable nutrient release is driving force behind the increasing demand.

Largest Segment by Crop Type

77.99 %

value share, Field Crops, 2023

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Major field crops like rice, wheat, corn, and sugarcane require more nutrients than others and are needed throughout their life cycle, thus occupying higher market share.

Largest segment by Country

42 %

value share, China, 2023

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The Government of China is conducting various awareness programs by organizing farmer meetings and field trials to alleviate the use of Controlled release fertilizers.

Leading Market Player

34.51 %

market share, ICL Group Ltd, 2022

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Under controlled release fertilizers the company offers products like 46% N controlled release urea fertilizer and other blends of Nitrogen controlled release fertilizers.

China and India dominate the Asai-Pacific controlled-release fertilizers market

  • During the study period, the market for polymer-coated controlled-release fertilizers experienced notable growth. By 2022, these fertilizers held a significant share of 76.0% in the overall controlled-release fertilizer (CRF) market in Asia-Pacific. The region's increasing emphasis on ecologically safe fertilizers is a key driver behind the surge in demand for new controlled-release options.
  • The cultivation expansion of cereal and oilseeds, including corn, soybeans, and rapeseed, is propelling the market for poly-sulfur-coated urea. Moreover, excessive urea accumulation in soils has led to depletion, fueling the demand for poly-sulfur-coated controlled-release fertilizers. In addition, the market for poly-sulfur-coated CRFs is poised for growth, driven by factors like the rising demand for highly efficient and eco-friendly products. It is projected to achieve a value CAGR of 6.8% in the region between 2023-2030.
  • In 2022, China dominated the market for other types of coated controlled-release fertilizers, commanding a 42.3% value share in the CRF market. Of these fertilizers, approximately 69.6% were utilized in field crops, with horticultural crops following suit.
  • The use of chemical fertilizers has detrimental effects, including soil pH alteration, inhibition of microbial growth, and the release of greenhouse gases from excessive nitrogen application. These environmental concerns, coupled with escalating nutrient losses, are fueling the demand for alternative fertilizers. As a result, the market is projected to witness a CAGR of 6.2% in value during the period spanning from 2023 to 2030.
Asia-Pacific Controlled Release Fertilizer Market

China dominates the APAC controlled-release fertilizer market

  • Approximately 70.0% of the population in the Asia-Pacific region depends directly on agriculture as the primary source of their livelihood. However, the region's agriculture sector is facing many issues in terms of low productivity.
  • China dominates the APAC controlled-release fertilizer market, accounting for 43.8% of the market value share in 2022. Polymer-coated fertilizers accounted for the largest share of the controlled-release fertilizer market, followed by polymer sulfur-coated fertilizers. The polymer-coated fertilizer segment was valued at USD 17.9 million in 2017, and it is anticipated to reach USD 58.0 million by 2030, mainly due to increasing NUE by reducing fertilizer consumption by adopting CRFs.
  • India is the region's second-largest market for controlled-release fertilizers, accounting for 16.6% in 2022. Controlled-release urea is the most commonly used form of CRF in India. Nitrogen loss is one of the main problems faced by rice farmers, and the efficiency of nitrogen utilization in rice is often inadequate. This is due to the large loss of nitrogen due to volatilization, leaching, and denitrification. One way to improve nitrogen efficiency is to use controlled-release urea. Controlled-release urea generally outperforms granular urea fertilizers in reducing nitrogen loss, stimulating plant growth, and increasing nitrogen concentration.
  • In 2017, the International Plant Nutrition Institute of China conducted a controlled-release urea fertilizer Application Program in Hubei province. It was proven that the consistent use of CRU fertilizer helps improve the yield and profitability of major crops, such as rice and eggplant. Hence, the market is expected to grow in the future.

Asia-Pacific Controlled Release Fertilizer Industry Segmentation

Polymer Coated, Polymer-Sulfur Coated, Others are covered as segments by Coating Type. Field Crops, Horticultural Crops, Turf & Ornamental are covered as segments by Crop Type. Australia, Bangladesh, China, India, Indonesia, Japan, Pakistan, Philippines, Thailand, Vietnam are covered as segments by Country.

  • During the study period, the market for polymer-coated controlled-release fertilizers experienced notable growth. By 2022, these fertilizers held a significant share of 76.0% in the overall controlled-release fertilizer (CRF) market in Asia-Pacific. The region's increasing emphasis on ecologically safe fertilizers is a key driver behind the surge in demand for new controlled-release options.
  • The cultivation expansion of cereal and oilseeds, including corn, soybeans, and rapeseed, is propelling the market for poly-sulfur-coated urea. Moreover, excessive urea accumulation in soils has led to depletion, fueling the demand for poly-sulfur-coated controlled-release fertilizers. In addition, the market for poly-sulfur-coated CRFs is poised for growth, driven by factors like the rising demand for highly efficient and eco-friendly products. It is projected to achieve a value CAGR of 6.8% in the region between 2023-2030.
  • In 2022, China dominated the market for other types of coated controlled-release fertilizers, commanding a 42.3% value share in the CRF market. Of these fertilizers, approximately 69.6% were utilized in field crops, with horticultural crops following suit.
  • The use of chemical fertilizers has detrimental effects, including soil pH alteration, inhibition of microbial growth, and the release of greenhouse gases from excessive nitrogen application. These environmental concerns, coupled with escalating nutrient losses, are fueling the demand for alternative fertilizers. As a result, the market is projected to witness a CAGR of 6.2% in value during the period spanning from 2023 to 2030.
Coating Type
Polymer Coated
Polymer-Sulfur Coated
Others
Crop Type
Field Crops
Horticultural Crops
Turf & Ornamental
Country
Australia
Bangladesh
China
India
Indonesia
Japan
Pakistan
Philippines
Thailand
Vietnam
Rest of Asia-Pacific
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Asia-Pacific Controlled Release Fertilizer Market Size Summary

The Asia-Pacific controlled release fertilizer market is experiencing significant growth, driven by the increasing demand for eco-friendly and efficient agricultural solutions. The region's focus on sustainable farming practices is propelling the adoption of polymer-coated controlled-release fertilizers, which have become a dominant segment within the market. The expansion of cereal and oilseed cultivation, particularly in countries like China and India, is further boosting the demand for these fertilizers. The need to address soil nutrient depletion and enhance nitrogen use efficiency is also contributing to the market's expansion. As agriculture remains a primary livelihood for a substantial portion of the Asia-Pacific population, the shift towards controlled release fertilizers is seen as a crucial step in improving agricultural productivity and sustainability.

China leads the market in the Asia-Pacific region, with a significant share in both polymer-coated and other types of controlled-release fertilizers. The country's agricultural practices, including the use of controlled-release urea, are aimed at mitigating nitrogen loss and improving crop yields. India follows as the second-largest market, with a focus on enhancing nitrogen efficiency in rice cultivation. The region's agricultural landscape, characterized by major field crops like rice, wheat, and corn, underscores the importance of controlled release fertilizers in meeting the rising domestic and international demand for these staples. The market is fairly consolidated, with key players like Grupa Azoty S.A., Hebei Sanyuanjiuqi Fertilizer Co., Ltd., and ICL Group Ltd. leading the charge in providing innovative solutions to the agricultural sector.

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Asia-Pacific Controlled Release Fertilizer Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 Coating Type

      1. 1.1.1 Polymer Coated

      2. 1.1.2 Polymer-Sulfur Coated

      3. 1.1.3 Others

    2. 1.2 Crop Type

      1. 1.2.1 Field Crops

      2. 1.2.2 Horticultural Crops

      3. 1.2.3 Turf & Ornamental

    3. 1.3 Country

      1. 1.3.1 Australia

      2. 1.3.2 Bangladesh

      3. 1.3.3 China

      4. 1.3.4 India

      5. 1.3.5 Indonesia

      6. 1.3.6 Japan

      7. 1.3.7 Pakistan

      8. 1.3.8 Philippines

      9. 1.3.9 Thailand

      10. 1.3.10 Vietnam

      11. 1.3.11 Rest of Asia-Pacific

Asia-Pacific Controlled Release Fertilizer Market Size FAQs

The Asia-Pacific Controlled Release Fertilizer Market size is expected to reach USD 201.10 million in 2024 and grow at a CAGR of 7.17% to reach USD 304.75 million by 2030.

In 2024, the Asia-Pacific Controlled Release Fertilizer Market size is expected to reach USD 201.10 million.

Asia-Pacific Controlled Release Fertilizer Market Report Snapshots

Asia-Pacific Controlled Release Fertilizer Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030