The new report by Expert Market Research titled, ‘Global Coated Fertilisers Market Size, Share, Growth, Analysis, Report and Forecast 2023-2028’, gives an in-depth analysis of the global coated fertilisers market assessing the market based on its segments such as types, crop types, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 7.2%
Decreasing agricultural land, increasing global population, and the need for efficient use of fertilisers are expected to drive the global market. The increase in the adoption of coated fertilisers in horticulture and agriculture crops is fuelling the market growth. Also, a rise in demand for controlled-release fertilisers on turf and ornamentals in the non-agriculture segment is projected to boost augment the coated fertilisers market in the near future. An increase in demand for highly efficient fertilisers, favourable government regulations, a rise in demand for high-value crops, and growth in investments from key players are propelling the market growth. Additionally, the rise in environmental concerns associated with nutrient loss through soil leaching and runoffs from fields due to the excessive usage of conventional fertilisers is driving the coated fertilisers market.
Coated Fertilisers Industry Definition and Major Segments:
Coated fertilisers are utilised in a variety of agricultural and horticulture applications. To control the solubility of fertiliser particles in soil, several coatings have been added. As coatings on soluble fertilisers, a variety of materials have been employed. Coatings are most commonly used on granular or pilled nitrogen (N) fertiliser, but multi-nutrient fertilisers are also coated.
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By type, the market is segmented into:
• Sulphur-coated Fertilisers
• Polymer-coated Fertilisers
Based on crop type, the market is classified into:
• Cereals and Grains
• Oilseeds and Pulses
• Fruits and Vegetables
• Turf and Ornaments
On the basis of region, the market is segmented into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Coated Fertilisers Market Trends:
There is an increased interest in natural polymers that are biodegradable and non-toxic to the environment. Natural polymers are usually used in combination with other materials to form composites. These factors are expected to drive the global coated fertiliser market. New technological advancements have enabled more economical and more efficient coated fertiliser products, thus creating opportunities for coated fertilisers in the agriculture sector. R&D activities in coated fertilisers and the installation of new production capacities by key players are also fuelling the market growth across the world. A rise in demand for high-value crops and an increase in awareness among farmers about the environmental benefits of coated fertilisers are expected to create lucrative opportunities for the market.
Key Market Players:
The major players in the market are Fertile, ICL Specialty Fertilizers, COMPO EXPERT GmbH, Everis International B.V. and J cam Agri. Co. Ltd, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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