Polymer Coated Urea Market Size, Share, Insights, Analysis, Growth, Trends and Outlook 2023-2030.

Report Overview

Global Polymer Coated Urea Market reached USD 1035.1 million in 2022 and is expected to reach USD 1662.2 million by 2030, growing with a CAGR of 6.1% during the forecast period 2023-2030.
Sustainable agriculture drives polymer-coated urea market development. The controlled-release fertilizer polymer-coated urea releases nutrients slowly. Polymer-coated urea demand may have increased due to knowledge of controlled-release fertilizers' nutrient efficiency, environmental effect, and agricultural production advantages.
Sollio Cooperative Group and Pursell Agri-Tech built and operated a $20 million controlled-release fertilizer facility in August 2022. Polymer-coated fertilizers slowly release nutrients into the soil.

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Market Drivers: Increasing Demand for Food Due to the Growing Population and Decreasing Arable Land

The Food and Agriculture Organization (FAO) estimates that in order to feed the 9.3 billion people on the planet by 2050, farmers would need to produce 60% more food. In order to fulfill the growing demand for food, farmers need to increase agricultural production. There is a greater need for fertilizers due to this agricultural production. An effective technique to progressively provide nutrients to crops is via polymer-coated urea, which guarantees nutrient availability and boosts crop output.
Because to environmental issues, soil deterioration, and urbanization, there is a decreasing amount of arable land available. Farmers must enhance output from already planted areas due to limited land supplies. An effective method of supplying fertilizers to crops gradually and guaranteeing nutrient availability for a longer duration is via the use of polymer-coated urea. When arable land is in short supply, this controlled-release feature helps maximize fertilizer usage and reduce waste.

Market Segmentation: Rising Demand for Polymer Coated Urea in Cereal and Grains due to its Nutrient Demand.

Cereal and grain crops, such as wheat, corn, rice and barley, have high nutrient demands during their growth stages. Polymer-coated urea's slow-release properties provide a steady supply of nitrogen over an extended period, matching the crop's nutrient uptake requirements throughout its lifecycle. Since cereals and grains are typically grown in extensive fields, they are more susceptible to nutrient losses through leaching and volatilization

Market Companies:

The major global players include Nutrien Ltd., J.R. Simplot Company, Koch Agronomic Service, ICL Specialty Fertilizers, Haifa Group, Compo Expert, DeltaChem GmbH, Ekompany International, Pursell Agritech, Knox Fertilizer Company Inc.

By Type

• Biodegradable
• Non-biodegradable

By Crop

• Grains & Cereals
• Pulses & Oilseeds
• Commercial Crops
• Fruits & Vegetables
• Turf & Ornamentals

By Distribution Channel

• E-Commerce
• Specialty Stores
• Hypermarket/Supermarket
• Others

By Application

• Agriculture
• Golf Courses
• Lawn & Turf
• Others

By End-User

• Residential
• Commercial

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

Geographical Share: The Increasing Use of Different Advanced Agricultural Products in North America.

Farmers in North America often embrace cutting-edge agricultural technology and techniques early on. They are more inclined to use fertilizers with controlled releases, such as polymer-coated urea, since they understand the advantages, which include better crop yields, less environmental impact, and enhanced nutrient efficiency. A new fertilizer coating facility in Canada received material preparation systems from Eirich Machines. August 2022 marked the start of the new plant's operations.

Industry Developments:

In September 2022, The On-Farm Climate Action Fund (OFCAF) of the federal government included polymer-coated urea on its list of increased-efficiency fertilizer products that are eligible for reimbursement.

Related Reports:

Aquaculture Feed Extrusion Market- https://www.datamintelligence.com/research-report/aquaculture-feed-extrusion-market
Compound Fertilizer Market - https://www.datamintelligence.com/research-report/compound-fertilizer-market
Global Urea Fertilizers Market- https://www.datamintelligence.com/research-report/urea-fertilizers-market

Fertilizers Market- https://www.datamintelligence.com/research-report/urea-fertilizers-market

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