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Polymer Coated Urea Market Size (2024 - 2029)

The Polymer Coated Urea Market is projected to experience significant growth over the forecast period, driven by increasing demand in regions such as North America and Europe. In North America, environmental concerns related to nitrogen losses from soybean cultivation and the rising number of golf courses are key factors boosting market size. Meanwhile, Europe's market expansion is influenced by regulatory measures aimed at reducing microplastic use, which enhances the demand for polymer-coated urea fertilizers. The market is characterized by a consolidated structure, with major global players holding substantial market share.

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Market Size of Polymer Coated Urea Industry

Polymer Coated Urea Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 0.85 Billion
Market Size (2029) USD 1.14 Billion
CAGR (2024 - 2029) 6.10 %
Fastest Growing Market Europe
Largest Market North America
Market Concentration High

Major Players

Polymer Coated Urea Market Major Players

*Disclaimer: Major Players sorted in no particular order

Polymer Coated Urea Market Analysis

The Polymer Coated Urea Market size is estimated at USD 0.85 billion in 2024, and is expected to reach USD 1.14 billion by 2029, growing at a CAGR of 6.10% during the forecast period (2024-2029).

  • North America occupied the largest share in the market in 2019, reaching a total value of USD 260.0 million during the year. Nitrogen losses from soybean cultivation are a major threat to the environment in the country, which has further augmented the demand for polymer-coated urea fertilizer. Additionally, the increasing number of golf courses across North America, which were at 19,826 in 2019, as compared to 18,145 in 2017, has driven the demand for the same in recent years.
  • Europe was the fastest-emerging market in 2019. The European Commission launched a Circular Economy Action Plan in early 2018, which proposed to restrict the usage of microplastics in products such as artificial turfs. This, in turn, will push forward the demand for natural grass, and subsequently, the demand for polymer-coated urea fertilizers in the region, as the fertilizer variety helps maintain grass color and vigor.
  • The market share analysis market share analysis indicated a consolidated polymer-coated urea market with global leaders occupying a larger market share. Nutrien Ltd, J.R.Simplot Company, Koch Agronomic Service, Haifa Group, ICL Specialty Fertilizers, and DeltaChem GmbH, are some of the major players in the market.

Polymer Coated Urea Industry Segmentation

Polymer-coated controlled-release fertilizers are an essential means of reducing cost, improving marketability, preserving soil fertility, achieving high crop yields, and tackling climate challenges. For the purpose of the report, it includes grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables, and turf and ornamental crops grown, globally. The study also discusses broad acreage and the horticulture segment, competitive landscape, market opportunities, and future trends. The study period considered for the report is 2016-2019 and the forecast period is 2020-2025.

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Polymer Coated Urea Market Size Summary

The polymer-coated urea market is poised for significant growth over the forecast period, driven by increasing demand in various regions, particularly North America and Europe. In North America, the market is bolstered by the need to mitigate nitrogen losses in soybean cultivation and the rising number of golf courses, which necessitate the use of such fertilizers to maintain turf health. Meanwhile, Europe is experiencing rapid market expansion due to regulatory measures aimed at reducing microplastics, which are expected to boost the demand for natural grass and, consequently, polymer-coated urea fertilizers. The market is characterized by a consolidated structure, with major global players like Nutrien Ltd, J.R. Simplot Company, and Koch Agronomic Service holding significant market shares. These companies are actively engaging in mergers, acquisitions, and strategic partnerships to enhance their production capabilities and market presence.

The adoption of polymer-coated urea fertilizers is further supported by their benefits in improving crop yield and quality, as seen in the increased maize and cotton production in North America. The use of controlled-release fertilizers is also gaining traction in regions like Finland, where they help address issues such as low grain protein content in wheat and enhance the photosynthetic rate of maize. In Western Europe, the labor-intensive nature of apple production and high labor costs are driving the shift towards biodegradable polymer-coated urea fertilizers, which require fewer applications. The market's growth is underpinned by the strategic expansion of production facilities, such as Haifa Group's CRF production unit in Savannah, and the ongoing efforts of key players to meet the rising demand for advanced fertilizer solutions.

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Polymer Coated Urea Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

  2. 2. MARKET SEGMENTATION

    1. 2.1 Crop Type

      1. 2.1.1 Grains and Cereals

      2. 2.1.2 Pulses and Oilseeds

      3. 2.1.3 Commercial Crops

      4. 2.1.4 Fruits and Vegetables

      5. 2.1.5 Turf and Ornamentals

    2. 2.2 Geography

      1. 2.2.1 North America

        1. 2.2.1.1 United States

        2. 2.2.1.2 Canada

        3. 2.2.1.3 Mexico

        4. 2.2.1.4 Rest of North America

      2. 2.2.2 Europe

        1. 2.2.2.1 Germany

        2. 2.2.2.2 United Kingdom

        3. 2.2.2.3 France

        4. 2.2.2.4 Netherlands

        5. 2.2.2.5 Russia

        6. 2.2.2.6 Rest of Europe

      3. 2.2.3 Asia-Pacific

        1. 2.2.3.1 China

        2. 2.2.3.2 Japan

        3. 2.2.3.3 Australia

        4. 2.2.3.4 Rest of Asia-Pacific

      4. 2.2.4 South America

        1. 2.2.4.1 Brazil

        2. 2.2.4.2 Argentina

        3. 2.2.4.3 Rest of South America

      5. 2.2.5 Africa

        1. 2.2.5.1 South Africa

        2. 2.2.5.2 Rest of Africa

Polymer Coated Urea Market Size FAQs

The Polymer Coated Urea Market size is expected to reach USD 0.85 billion in 2024 and grow at a CAGR of 6.10% to reach USD 1.14 billion by 2029.

In 2024, the Polymer Coated Urea Market size is expected to reach USD 0.85 billion.

Polymer-Coated Urea Market Report Snapshots

Polymer Coated Urea Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)