Asia-Pacific Controlled Release Fertilizers Market

Asia-Pacific Controlled Release Fertilizers Market Size (2024 to 2029)

The Asia-Pacific controlled-release fertilizers market size is expected to reach USD 849.11 million in 2024 and USD 1166.64 million by 2029, growing at a CAGR of 6.56% from 2024 to 2029. Asia Pacific is anticipated to witness the highest CAGR in the controlled-release fertilizers market, with Japan, China, and India leading the way.

The benefits of using controlled fertilizers are saving resources, a decrease in labor costs, and an environmentally friendly nature as equated to conventional fertilizers. They are also very efficient and are easy to apply.

The key reasons prompting the growth of controlled release fertilizers market are rise in population and growing demand for food. The surge in application of controlled release fertilizers in crop production owing to its environmental friendly properties is also assisting to increase the market growth. The key restraint of this market is high cost of controlled fertilizers in comparison to conventional fertilizers.

This research report on the Asia-Pacific controlled release fertilizers market is segmented and sub-segmented into the following categories.

Asia-Pacific Controlled Release Fertilizers Market Analysis By Type

• Chemical Condensation Products
• Coated and Encapsulated Fertilizers
• Nitrogen Stabilizers
• Other Controlled Release Fertilizers

Asia-Pacific Controlled Release Fertilizers Market Analysis By Application

• crop based
  • Grains & Cereals
  • Oil seeds and Fruits & Vegetables
• and non-crop-based fertilizers
  • Turf & Ornamental Grass
  • other non-crop-based fertilizers

Crop based controlled release fertilizers segment is expected to increase at highest rate due to increase in demand for crops because of increase in population.

COUNTRY ANALYSIS

• India
• China
• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of APAC

Geographically the Asia-Pacific market is segmented into China, India, Japan, South Korea and Australia. China is dominating the Asia-Pacific region market while Japan is expected to grow at highest CAGR in the forecast period.

KEY PLAYERS IN THE ASIA-PACIFIC CONTROLLED RELEASE FERTILIZERS MARKET

The market for controlled-release fertilizers is described as strong competition with a large number of big and small players. The Chisso Corporation, Shandong Shikefeng Chemical Industry Co. Ltd., Kingenta Ecological Engineering Group Co. Ltd., Scotts Miracle-Gro Company, Agrium, Yara International, Israel Chemicals Ltd. (Israel), Compo GmbH Co., Sociedad Quimica Y Minera S.A. and Haifa Chemicals Limited are some of the big players in controlled release fertilizer industry.