South Korea Polymer Coated Fertilizer Market was valued at USD 0.3 Billion in 2022 and is projected to reach USD 0.6 Billion by 2030, growing at a CAGR of 8.1% from 2024 to 2030.
The South Korea Polymer Coated Fertilizer Market has witnessed significant growth over the past few years, driven by the increasing demand from agriculture, horticulture, and landscaping sectors. Polymer coated fertilizers (PCFs) are becoming more popular due to their ability to slowly release nutrients over a longer period, improving the efficiency of fertilizer usage. This controlled-release property of PCFs helps in reducing the environmental impact of fertilizers, making them highly attractive for sustainable farming practices.
Industries are increasingly focusing on integrating polymer coated fertilizers due to their enhanced performance and reduced environmental risks. The agriculture sector, in particular, is the primary consumer of PCFs, where farmers are seeking to maximize crop yields while minimizing the potential harm to the environment. By using polymer-coated fertilizers, farmers can ensure that nutrients are available to plants over time, preventing nutrient loss and improving soil quality.
Beyond agriculture, other industries such as horticulture and landscaping are also contributing to the demand for polymer-coated fertilizers. Urban gardening and landscape projects are on the rise, and polymer-coated fertilizers provide an ideal solution for these settings. Their slow-release characteristic helps maintain nutrient levels over an extended period, reducing the frequency of fertilizer applications, which in turn saves time and costs for landscapers and gardeners.
The growing trend of sustainable farming practices in South Korea is driving the requirement for polymer-coated fertilizers. With environmental concerns at the forefront of agricultural policies, South Korean farmers are increasingly adopting products that support eco-friendly farming techniques. The polymer coated fertilizer market is benefiting from this shift, as these products align with the industry's emphasis on reducing runoff and minimizing excess nutrient applications.
In terms of market requirements, industries are looking for suppliers that can offer fertilizers with superior performance, longer shelf-life, and cost-effectiveness. As competition rises in the South Korean fertilizer market, companies are investing in innovation to develop polymer coatings that can withstand various climatic conditions, ensuring the fertilizers remain effective across diverse agricultural landscapes.
With the constant demand for innovation and sustainability, the South Korea Polymer Coated Fertilizer Market is expected to continue evolving. As the market matures, more industries will likely turn to polymer-coated fertilizers, making it an essential part of the region's agricultural and horticultural landscape.
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ICL
Nutrien (Agrium)
J.R. Simplot
Knox Fertilizer Company
Allied Nutrients
Harrell's
Florikan
Haifa Group
SQMVITAS
OCI Nitrogen
JCAM Agri
Kingenta
Anhui MOITH
Central Glass Group
Stanley Agriculture Group
Shikefeng Chemical
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Polymer Coated Fertilizer Market
Slow-Release Fertilizers
Controlled-Release Fertilizers
Time-Release Fertilizers
Nitrogen-Based Fertilizers
Phosphate-Based Fertilizers
Potassium-Based Fertilizers
Micronutrient Fertilizers
Crops
Horticulture
Agricultural Producers
Landscapers
Garden Centers and Retailers
Consumers (Home & Garden)
Garden Centers
Supermarkets
Wholesale Distributors
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Polymer Coated Fertilizer Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Polymer Coated Fertilizer Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Polymer Coated Fertilizer Market, By Type
6. South Korea Polymer Coated Fertilizer Market, By Application
7. South Korea Polymer Coated Fertilizer Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Polymer Coated Fertilizer Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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