South Korea Controlled-release Compound Fertilizer Market was valued at USD 0.4 Billion in 2022 and is projected to reach USD 0.7 Billion by 2030, growing at a CAGR of 7.9% from 2024 to 2030.
The South Korea Controlled-release Compound Fertilizer Market is witnessing remarkable growth, driven by the evolving needs of industries aiming to enhance agricultural productivity and sustainability. Controlled-release fertilizers (CRFs) are gaining widespread adoption due to their ability to release nutrients gradually, providing optimal nourishment to plants over extended periods, thus reducing the frequency of application and minimizing environmental impact. This market is witnessing a growing demand from agriculture, horticulture, and landscaping industries, primarily driven by the increasing need for efficient fertilizer use and sustainable agricultural practices.
In South Korea, the need for controlled-release fertilizers is being shaped by both environmental considerations and technological advancements. With the increasing focus on sustainable farming, CRFs offer several advantages, such as reducing nutrient loss through leaching, minimizing soil erosion, and lowering environmental pollution. This is particularly relevant in an era where South Korea’s agriculture is striving to balance high production with minimal environmental damage. The gradual release of nutrients ensures that crops receive a steady supply of essential nutrients, which promotes better growth while preserving soil quality.
Industries are increasingly adopting controlled-release compound fertilizers as a means to maximize agricultural efficiency. Farmers in South Korea are looking for ways to reduce labor costs and optimize their yields, and CRFs provide an ideal solution. Additionally, the market is seeing a shift towards more advanced formulations of CRFs that combine macro and micronutrients, providing a balanced nutrient profile for diverse crops. The demand for CRFs is also rising due to urbanization, as city landscaping projects require effective fertilizer solutions that minimize maintenance and promote healthy green spaces.
As for the growth forecast, the South Korean controlled-release compound fertilizer market is expected to expand further, driven by both governmental initiatives supporting sustainable agriculture and the agricultural sector's evolving needs. This growth is further propelled by increasing awareness among farmers about the advantages of controlled-release fertilizers and their long-term benefits, such as cost-efficiency and environmental friendliness. In fact, the use of CRFs aligns well with South Korea’s goals for green growth and environmental conservation.
Moreover, the industries in South Korea that are influencing the demand for controlled-release fertilizers include not only agriculture but also landscaping, horticulture, and turf management. These sectors are seeking more advanced, slow-release solutions that help conserve water, enhance plant health, and reduce the need for repeated fertilizer applications. This shift toward more sustainable and efficient fertilizer products is an essential aspect of the overall agricultural innovation landscape in South Korea.
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Nutrien
J.R. Simplot
Koch
Knox
ICL
Harrell's
Helena Chemicals
Florikan
Kingenta
STANLEY Group
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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 Controlled-release Compound Fertilizer Market
Urea-based Fertilizers
Ammonium-based Fertilizers
NPK Fertilizers
Calcium-based Fertilizers
Others
Soil Application
Foliar Application
Fertigation
Seed Treatment
Cereals and Grains
Fruits and Vegetables
Oilseeds
Turfs and Ornamentals
Plantation Crops
Polymer-coated Fertilizers
Inorganic Coated Fertilizers
Organic Fertilizers with Controlled Release
Agricultural Sector
Horticultural Sector
Landscape and Turf Management
Commercial Greenhouses
Home Gardens
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Controlled-release Compound 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 Controlled-release Compound Fertilizer Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Controlled-release Compound Fertilizer Market, By Type
6. South Korea Controlled-release Compound Fertilizer Market, By Application
7. South Korea Controlled-release Compound Fertilizer Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Controlled-release Compound Fertilizer Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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