Market Size of asia-pacific controlled release fertilizer Industry
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 201.1 Million |
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Market Size (2030) | USD 304.8 Million |
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Largest Share by Coating Type | Polymer Coated |
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CAGR (2024 - 2030) | 7.17 % |
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Largest Share by Country | China |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
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
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
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
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
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
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.
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 |
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.
Asia-Pacific Controlled Release Fertilizer Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
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1.1 Coating Type
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1.1.1 Polymer Coated
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1.1.2 Polymer-Sulfur Coated
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1.1.3 Others
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1.2 Crop Type
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1.2.1 Field Crops
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1.2.2 Horticultural Crops
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1.2.3 Turf & Ornamental
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1.3 Country
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1.3.1 Australia
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1.3.2 Bangladesh
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1.3.3 China
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1.3.4 India
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1.3.5 Indonesia
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1.3.6 Japan
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1.3.7 Pakistan
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1.3.8 Philippines
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1.3.9 Thailand
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1.3.10 Vietnam
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1.3.11 Rest of Asia-Pacific
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Asia-Pacific Controlled Release Fertilizer Market Size FAQs
How big is the Asia-Pacific Controlled Release Fertilizer Market?
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.
What is the current Asia-Pacific Controlled Release Fertilizer Market size?
In 2024, the Asia-Pacific Controlled Release Fertilizer Market size is expected to reach USD 201.10 million.
