Controlled-Release Fertilizers Market

The controlled-release fertilizers market is projected to reach USD 2.12 Billion by 2022, at a CAGR of 6.29% from 2017. The market is driven by its ability to efficiently utilize nitrogen with precise control over situations under which the nutrient is released, and its reduced impact on the environment.

Key players in the controlled-fertilizers market include Agrium (Canada), Yara International (Norway), Israel Chemicals Ltd. (Israel), ScottsMiracle-Gro (US), and Koch Industries (US). Helena Chemical (US), Kingenta (China), SQM (Chile), Haifa Chemicals (Israel), JCAM AGRI (Japan), COMPO Expert (Germany), and AGLUKON (Germany) are a few other key market players who also have a significant share in the controlled-release market.

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Agrium is one of the active players in the market; it operates through two business segments, namely, wholesale and retail. The company is engaged in the business of seed, crop nutrition & crop protection products, and related services. Crop nutrients include sulfur, nitrogen, potash, phosphates, and micronutrients. The company is one of the leading global suppliers of fertilizers; it has the capacity to manufacture and market more than 9 million tons of phosphate, potash, and nitrogen. It sells controlled-released fertilizers under the brand name Environmentally Smart Nitrogen (ESN). In April 2017, Agrium expanded its business with the establishment of new urea plant at the Borger Nitrogen Operations facility in Texas, US. The new urea facility has a capacity of 610 kilotons.

Israel Chemicals Ltd., also known as ICL, is a global manufacturer of fertilizers, chemicals, and minerals. Its operations are managed through two segments: specialty solutions and essential minerals. The specialty solutions segment includes four business lines: ICL Specialty Fertilizers, ICL Industrial Products, ICL Food Specialties, and ICL Advanced Additives. Through specialty fertilizers, the company provides controlled-release fertilizers for crops such as ornamental, fruits & vegetables, and turf. In February 2017, ICL Innovation, a subsidiary of ICL and Evogene Ltd. (Israel), entered into a collaborative agreement for the discovery and invention of novel crop enhancers that would improve nutrient use efficiency in certain crops.

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Koch Industries is one of the largest multinational companies in the US involved in the manufacture and trading of petrochemicals. The company is engaged in multiple businesses including transportation fuels, building & consumer products, electronic components, fibers, and fertilizers. Koch Ag & Energy Solutions and its affiliates, including Koch Fertilizer, Koch Agronomic Services, Koch Energy Services, and Koch Methanol, are the global providers of value-added solutions for the turf & ornamentals, energy, and chemical markets. Koch Agronomic Services, LLC provides controlled-release fertilizers for agricultural crops, turf, and ornamentals.