Fertilizer Coating is a variety of coating applied to the fertilizers particles to control their solubility in soil. According to BlueQuark Research & Consulting, the global Fertilizer Coating market is expected to witness a significant growth rate during the forecast period. Factors such as the increasing demand for efficient fertilizers in the agricultural industry are expected to drive the demand for coated fertilizers in the expected years. The growing concern over sustainability and cost minimization in the agricultural sector drives the demand for coated fertilizers. A Stringent regulatory framework on the usage of conventional fertilizers is expected to further propel the demand for coated fertilizers in the forecasted years. The ongoing Research and Development to improve the quality of Fertilizers Coating and make them more compliant with the ever-changing regulations are likely to act as an opportunity in the coming years. However, the high price of Fertilizer Coating is likely to obstruct the Fertilizer Coating Market's growth.
The Agricultural Industry is a prime consumer of Fertilizer Coating globally and is expected to drive the future market. The global agricultural industry is currently facing a major challenge to ensure food security to meet the growing demand for agricultural products while reducing the harmful effects of the agricultural process on the environment. A wide variety of coatings such as polymer coated urea and sulfur coated urea have been applied to the fertilizers particles, which controls their solubility in soil by monitoring the rate of nutrient release by offering multiple environmental, yield, and economic benefits. The coated fertilizers are preferred in agricultural and horticultural situations as they can sustain nutrient release, which could decrease leaching and gaseous loss. Usage of coated fertilizers also reduces labor costs by eliminating the need for multiple fertilizer applications. In Brazil, agricultural production is likely to increase, so it is likely to be associated with the demand for fertilizers and pesticides. Growth in 2020 relative to 2019 was 5.8% in terms of revenue, and 8.0% in terms of application area (1.6 billion ha) 2.0 % referred to new agricultural areas. The agricultural industry has been increasing its fertilizer consumption usage to boost crop production. The global demand for key fertilizers has witnessed a surge of 1.9% since 2015 with reaching 194.8 million in 2020, depicting the growing demand for fertilizers in the recent era. Thus, the increasing automotive, construction and medical demand are all set to propel the future Fertilizer Coating market.
Major global players in the industry were Triferto Fertilizers , Arkema , Compo Expert GmBH , Nufarm Ltd. , Omex , The Dow Chemical Company , among others.
The Asia Pacific has been the dominating region both in the production and consumption of Fertilizer Coating and is expected to continue at the same pace. Agriculture, a sector upon which the Indian economy is heavily dependent. Foodgrain production, which stood at a mere 50 million tons in 1948-49, had increased almost six-fold to 296 million tons by the end of 2019-20 from an estimated 169 million hectares of permanently cropped land. This result has been achieved by using high-yield varieties of seeds, advanced irrigation technologies, fertilizers, and pesticides. Fertilizers are prepared by heating their surface followed by entering it in a rotating drum where it is sprayed hydraulically with sulfur and then with a wax sealant. This coated fertilizer when used in proper combination with nitrogen, phosphorus, and potash, sulfur improves water penetration in soil, promotes turf growth and density, and helps balance the alkalinity in the soil. China, a country with rich agricultural resources, is also witnessing a surge in food demand owing to the increasing population in the country. China produces one-fourth of the world's grain. The increasing agricultural activities and demand for efficient fertilizers are expected to drive the demand for Fertilizer Coating in the forecasted years.
Yara International ASA and Nel Hydrogen Electrolyser have entered into a collaboration agreement to produce low-carbon-footprint fertilizer at Yara's existing plant in Porsgrunn, Norway.
Maire Tecnimont S.p.A. opened the first innovative fertilizer coating facility in Sylacauga, Alabama.
Global Fertilizer Coating Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Fertilizer Coating market by segmenting based on the Coating Type (Sulfur, Polymers, Others), Fertilizer Type (Granular Nitrogen Fertilizer, Prilled Nitrogen Fertilizer, Other), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.