Liquid Fertilizers Market Growth Opportunities by 2025

The report "Liquid Fertilizers Market by Type (Nitrogen, Phosphorus, Potassium, and Micronutrients), Mode of Application (Soil, Foliar, and Fertigation), Major Compounds (CAN, UAN, MAP, DAP, and Potassium Nitrate), Crop Type, and Region - Global Forecast To 2025", The global liquid fertilizers market size is estimated to be valued at USD 2.4 billion in 2020 and is projected to reach a value of USD 3.0 billion by 2025, growing at a CAGR of 4.4% during the forecast period. Factors such as the rise in demand for high-efficiency fertilizers and an increase in crop varieties are projected to drive the growth of the liquid fertilizers market.

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The liquid fertilizers market includes major Tier I and II suppliers like Nutrien, Ltd. (Canada), Yara International ASA (Norway), Israel Chemical Ltd. (Israel), K+S Aktiengesellschaft (Germany), Sociedad Química y Minera de Chile (SQM) (Chile) and The Mosaic Company (US). These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and RoW. Most of the companies are facing the impact of COVID-19 on their businesses upto some extent, affecting the supply chain due to logistics restrictions. But, companies are ensuring to smoothen the supply chain process despite of barriers to support the farmers and ensure food security. The companies are planning to recover the business losses in the third quarter of the year 2020 and soon as the government takes relaxing measures.

The nitrogen segment is estimated to account for the largest market share, in terms of value, in 2020.

Nitrogen is one of the most-widely consumed nutrients among all the macro and microelements required for plant growth. It is used to build amino acids, which produces proteins, takes part in almost every biochemical reaction performed in a plant. Inadequate nitrogen (N) availability in the soil is a common problem that farmers often witness. Therefore, additional liquid nitrogen fertilization is used to eradicate this problem. Urea, ammonium nitrate, ammonium sulfate, and calcium nitrate are commonly available nutrient sources of liquid nitrogen. In addition, various combinations of nutrients are manufactured and used to provide nutrition to plants. Urea is one of the most commonly used sources of nitrogen.

The urea-ammonium nitrate (UAN) segment, on the basis of major compounds, is estimated to record significant growth due to its high demand in the global liquid fertilizers market.

UAN is gaining popularity among liquid fertilizer users, as it can be mixed with pesticides, herbicides, growth regulators, and other nutrients. Hence, it allows farmers to reduce costs by applying several materials simultaneously. Due to its chemical properties, UAN is compatible with many other nutrients and agricultural chemicals. Thus, it is more often mixed with solutions containing phosphorus, potassium, and other essential plant nutrients. Fluid fertilizers can be blended to precisely meet the specific needs of the soil or crop.

The fertigation segment is projected to witness the fastest growth, in terms of value, in the liquid fertilizers market, on the basis of mode of application, from 2020 to 2025.

Fertigation is an agricultural technique, which includes water and fertilizer application through irrigation. This process provides an opportunity to maximize the yield and minimize environmental pollution. Moreover, through fertigation, a farmer can uniformly apply nutrients throughout the field, whenever required. This market is projected to grow due to the adoption of efficient irrigation systems globally. The fertigation method allows homogenous application of liquid fertilizers in adequate amount to the wetted zone in the root development, where most of the active roots are concentrated. This helps in enhancing the efficiency of liquid fertilizers.

The cereals & grains segment, on the basis of crop type, is estimated to account for the largest market share, in terms of value, in 2020.

The cereals & grains segment in the market comprises different crops, such as rice, wheat, corn, and maze. The production of cereals and grains vary across different regions, depending on the topography and climatic conditions. Hence, the type of fertilizers used for crop growth also varies. Due to this, the cereals and grains recorded the highest consumption of nitrogen-based fertilizers in North America. This segment is projected to witness an increase in the share of nearly 5%, which is contributed largely by the US and Canada, according to the FAO World Fertilizer Outlook in 2019.

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South America is projected to grow at the highest CAGR during the forecast period.

The market for liquid fertilizers in the South America region is projected to grow at the highest CAGR from 2020 to 2025. According to FAOSTAT, Brazil is the largest producer of agricultural products due to the availability of abundant land and rural labor force, followed by Argentina. The growth in South America is majorly attributed to by the increase in the adoption of agrochemicals and advancements in farming techniques in Brazil and Argentina with distribution channels established by global agrochemical players. Due to these factors, the market in the South America region is projected to record the highest growth from 2020 to 2025.

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the liquid fertilizers market. It includes the profiles of leading companies such as Nutrien, Ltd. (Canada), Yara International ASA (Norway), Israel Chemical Ltd. (Israel), K+S Aktiengesellschaft (Germany), Sociedad Química y Minera de Chile (SQM) (Chile), The Mosaic Company (US), EuroChem Group (Switzerland), CF Industries Holdings, Inc.(US), OCI Nitrogen (Netherlands), Wilbur-Ellis (US), Compass Minerals (US), Kugler (US), Haifa Group (Israel), COMPO Expert GmbH (Germany), AgroLiquid (US), Plant Food Company, Inc. (US), Foxfarm Soil and Fertilizer Company (California), Agro Bio Chemicals (India), Agzon Agro (India), BrandT (US), Nufarm (Australia), Plant Fuel Nutrients, LLC (US), Nutri-tech solutions (Australia) and Valagro SPA (Italy).

Aquafeed Market Growth Opportunities by 2025

The report "Aquafeed Market by Species (Fish, Crustaceans, and Mollusks), Ingredient (Soybean, Corn, Fishmeal, Fish Oil, and Additives), Lifecycle (Starter Feed, Grower Feed, Finisher Feed, and Brooder Feed), Form, Additive, and Region - Global Forecast to 2025", The global aquafeed market is estimated to be valued at USD 56.0 billion in 2020. It is projected to reach USD 71.6 billion by 2025, recording a CAGR of 7.2% during the forecast period. The global aquafeed market has been influenced by some of the macroeconomic and microeconomic factors witnessed in some key countries. This would prove strong enough to drive the market significantly in terms of value sales during the forecast period. China, Norway, Vietnam, and Thailand are the key fish producers as well as the largest exporters of fish and fishery products. The global consumption of seafood has increased due to the rising awareness about the health benefits of consuming fish and other aquaculture species. They are a rich source of vitamins, minerals, amino acids, and essential fats (long-chain omega-3 fatty acids).

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Processed soybean is the worlds largest source of animal protein feed.

Soybean is among the non-fish sources of omega-3 fatty acids, proteins, and unsaturated fats. Soy protein is fed to farm-reared fish and shellfish to enhance their overall growth and development. Some of the commonly used soybean products in aquafeed include heat-processed full-fat soybean, mechanically extracted soybean cake, solvent-extracted soybean meal, and dehulled solvent-extracted soybean meal. According to the USDA, processed soybean is the worlds largest source of animal protein feed. Soybean isolates and different varieties of genetically modified soybeans are being introduced to replacing fishmeal, which is a rich source of amino acids.

Feed enzymes aid in nutrient absorption due to which its application is growing in feed

Enzymes are biological catalysts that help to lower feed costs and reduce phosphorus content in animal waste. Feed enzymes are widely used to improve the nutritive value of feed by regulating various metabolic reactions. Enzymes increase the digestibility of nutrients in feed, which leads to an increase in the efficient production of various animal products. The demand for feed enzymes is increasing, as they are used for the development of the immune system and bones of aquatic animals. Feed enzymes enhance the growth of animals by weight gain and the quality of output.

Oysters and mussels are the most widely cultured groups under mollusks

Mollusks serve as a good source of protein. Their shells have industrial as well as ornamental uses. Along with harvesting mollusks from natural fisheries, they are also cultured in artificially controlled environments to protect them during storms and wind, and to increase their productivity. Various factors, such as nutrient composition, rapid growth rate, mass culturing, stability in temperature & light, and easy digestibility, are considered before using certain species of microalgae as feed. The market for mollusk feed is growing slowly due to slower adoption and the high cost of feed. The research activities to find cheaper alternative sources of algae are expected to drive the slow-paced market.

The free-flowing structure and consistency of the dry aquafeed makes it a preferred form

The feed for fish is most commonly available in the form of pellets or granules, and usually contains moisture of approximately 7%–13%. Most aquafeed manufacturers adopt the use of the dry form of feed due to its free-flowing structure and ability to provide consistency. This form of feed is also preferred due to other factors, such as ease of transportation, storage, and convenience associated with it, as opposed to the liquid form, which requires specialized facilities for storage and transportation. It can be purchased in bulk and is available with multiple ingredient options. Cost-effectiveness is another aspect that drives the growth of this market.

Protein levels in finisher feed vary by different shrimp species

Finisher feed is usually administered to fully-grown fish species. Finisher feed ensures a balanced diet and supports muscle growth alongside higher nutrient absorption. Alltechs survey on Global Aquaculture Feed Production Survey analyzed the average cost of finisher diets and concluded that finisher feeds had remarkably high costs in countries, such as South Korea, Japan, and Vietnam. Fishmeal and fish oil are some of the key ingredients used in finisher feeds. The finisher feed prepared for various species differs in terms of protein levels. The finisher feed fed to monodon species (tiger prawns) contains 38% of crude protein as opposed to the finisher feed for L.vannamei, which contains 32%–34% of crude protein.

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North America is projected to reach USD 2.4 billion during the forecast period.

The US was the dominant market for aquafeed in the North American region, having accounted for a share of 64.0% in 2020. The US also remains one of the worlds largest exporters of seafood products, exporting farm-raised trout & salmon largely to Canada and Mexico, and oysters & clams to Canada. It is also the second-largest seafood importer from Asia Pacific countries. Aquafeed consumption is increasing slowly in the US due to the growing demand for fish for direct human consumption (DHC). Apart from being the leading consumer of aquafeed, it also exports to South American and Asian countries.

The key players in this market include Cargill, Incorporated (US), ADM (US), Nutreco N.V. (Netherlands), and Ridley Corporation Ltd. (Australia).

Crop Protection Chemicals Market Growth Opportunities by 2025

The report "Crop Protection Chemicals Market by Type (Herbicides, Insecticides, Fungicides & Bactericides), Origin (Synthetic, Biopesticides), Form (Liquid, Solid), Mode of Application (Foliar, Seed Treatment, Soil Treatment), Crop Type and Region - Global Forecast to 2025", The global Crop protection chemicals size is estimated to be valued USD 63.7 billion in 2020 and is projected to reach a value of USD 74.1 billion by 2025, growing at a CAGR of 3.1% during the forecast period. The growth of this market is attributed to an increasing need for food security of the growing population.

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Herbicides, by type, is estimated to hold the largest market share during the forecast period.

The market for crop protection chemicals, by type, has been segmented into feed grade and nutrition grade.

Herbicides are widely used in weed control, which helps in enhancing crop productivity and quality of output. Herbicides help in reducing soil erosion and increase soil fertility and crop yield. They are used to control or kill unwanted plants and are often known as weed killers.

The liquid segment, by form, is estimated to hold the largest share in the Crop protection chemicals during the forecast period

Liquid forms of crop protection chemical products are preferred more by suppliers as well as end-users. Liquid forms offer a longer shelf-life with easy handling, transportation, and application. Also, they are cost-effective, eco-friendly, and sustainable. Companies are investing in the technological development of crop protection chemicals in liquid forms. The liquid forms of crop protection chemicals can either be water-based, oil-based, polymer-based, or their combinations. Typical liquid formulating lines consist of storage tanks or containers to hold active ingredients, inert materials, and a mixing tank for formulating the crop protection chemical products. Water-based formulations require inert ingredients such as stabilizers, stickers, surfactants, coloring agents, anti-freeze compounds, and additional nutrients. Examples of liquid forms are suspension concentrate, suspo-emulsions, and capsule suspension.

Synthetic, by source, is estimated to account for the largest market share during the forecast period

Synthetic crop protection chemicals are manufactured in laboratories and are mixtures of chemicals that intend to avert, kill, repel, or destroy any pests. Synthetic crop protection chemicals are perceived to be toxic and dangerous if proper chemicals are not used. However, since the past 60 years, various innovative synthetic crop protection chemicals have been developed which are less toxic and more effective on crops. Due to innovative product development by the leading crop protection chemical manufacturing companies such as BASF SE (Germany), various new and more pest-specific synthetic crop protection chemicals are being developed, which cause less damage to the environment.

Foliar spray, by mode of application, is estimated to account for the largest market share during the forecast period

The foliar spray mode of application is the most widely used for crop protection chemicals. It can be used for herbicides, insecticides, as well as fungicides. However, it is majorly used for spraying herbicides and insecticides due to labor shortage for removing unwanted weeds manually and also for destroying insect attacks on crops.

Foliar spray or foliar feeding is a technique of feeding plants by applying liquid crop protection chemicals directly to their leaves. Foliar spray is suitable for destroying large number of unwanted grasses, herbs, and shrubs.

Cereals & grains, by crop type, is estimated to account for the largest market share during the forecast period

The cereals & oilseeds segment accounted for the largest market share in terms of value; this is projected to grow at the highest CAGR during the forecast period. The demand for cereals & oilseeds is increasing significantly across the globe owing to the increasing demand for food.

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South America is estimated to hold the largest market share during the forecast period

South America is an emerging agricultural powerhouse, growing at a rapid pace above the global growth average. Growth in this region is significantly contributed by the growth in Brazil and Argentina, which are the world’s most potent agricultural producers and are expected to grow well above the regional average. The economic growth in South America has been stimulated by democratization, economic reforms, and the foundation of the two trading blocs namely, Mercosur and the Andean Pact.

Regulatory framework in South America is quite weak as compared to North America and Europe. The South American Pesticide Action Network controls the regulatory issues in the region. The international trade system from the WTO for regional and bilateral trade deals also undermines national pesticide laws and threatens the ability of South American nations to prohibit dangerous chemicals from being used. This is especially observed in the case of WTOs demand for establishing certain common minimum standards for pesticides among countries. For instance, if a country wants to implement a stricter standard on pesticides as compared to the WTO, it could be recognized as a technical barrier to trade.

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the Crop protection chemicals. It consists of the profiles of leading companies such BASF SE (Germany), The Dow Chemicals Company (US), Dupont (US), Sumitomo Chemical Co., Ltd (Japan), Syngenta AG (Switzerland), Bayer Cropscience AG (Germany), FMC Coropration (US), NufarmLimited (Australia), Adama Agricultural Solutions (Israel), Verdesian LIfescineces (US), Bioworks Inc. (US), Valent US (US), Arysta Lifescince Corporation (US), American Vanguard Corporation (US), Chr. Hansen (Denmark), Corteva Agrisciences (US), UPL Limited (India), Jiangsu Yangnong Chemical Group Co Ltd (China), Agrolac (Spain), Lianyungang Liben Crop Science Co. Ltd. (HongKong), Nanjing red sun co. ltd (China), Kumiai Chemicals (Japan), Wynca Chemicals (China), Lier Chemicals (China), Simpcam Oxon (Italy).

Biostimulants Market Growth Opportunities by 2027

According to a research report "Biostimulants Market by Active Ingredient (Humic Substances, Amino Acids, Seaweed Extracts, and Microbial Amendments), Mode of Application (Foliar, Soil Treatment, and Seed Treatment), Form (Liquid and Dry), Crop Type and Region - Global Forecast to 2027" published by MarketsandMarkets, the global biostimulant market is estimated to be valued at USD 3.5 billion in 2022. It is projected to reach USD 6.2 billion by 2027, recording a CAGR of 11.8% during the forecast period. Disasters also have a direct effect on agriculture through lower-than-expected production. This causes direct economic loss for the farmers, which eventually cascades through the entire value chain, affecting the growth of the sector or the entire national economy. During 2008-2018, billions of dollars were lost in various regions due to a decline in crop and livestock production. The top five most impactful disasters are droughts; over 34% of the crops and livestock production loss in the least developed countries (LDCs) and low-to-middle-income countries (LMICs) are due to droughts costing the sector USD 37 billion; floods, over 19% of total loss is due to floods and responsible for USD 21 billion of crops and livestock production loss; pest, diseases and infestation accounts for approx. 19% of all crop and livestock production losses. Agriculture and climate change are internally correlated factors, as climatic change is one of the main causes of biotic and abiotic stress development, which adversely impacts plant growth and overall agriculture for biostimulant products as they will gain a clear understanding of the function of these products.

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Foliar spray application most popular and efficient in maximizing plant growth because of increased soil absorption rate

Biostimulants applied through a foliar spray maximize the productivity of plants. This application of biostimulants directly on the leaves increases the effect of bioactive molecules on crop growth, resulting in increased absorption and improved uptake of micronutrients to every part of the plant. Plants absorb nutrients through the roots and the foliage. Many plant nutrients are needed in such great quantities that it is impractical to supply them through foliage. However, when soil conditions are unfavorable, it may be desirable to make foliar applications of the biostimulants. When biostimulants are applied to the plant's foliage, smaller quantities of fertilizer or other agrochemical material are required than when applied to the soil. The danger of fixation and/or leaching is also reduced when it is applied to the foliage of the plant. The ease of application of foliar spray is one of the key drivers for growth in the market. The danger of fixation and/or leaching is also reduced when it is applied to the foliage of the plant.

Seaweed based biostimulants market is a relatively untapped and small market in comparison to other biostimulants segment

Seaweed has an impact on soils and plants. They can be used as soil amendments, hydroponic solutions, or foliar treatments. Their polysaccharides contribute to gel formation, water retention, and soil aeration in soils. Polyanionic compounds aid in the fixation and exchange of cations, which is important for heavy metal fixation and soil remediation. In plants, nutritional effects, such as the provision of micro- and macronutrients, indicate that, in addition to their other functions, they act as fertilizers. The effects of hormones on seed germination, plant establishment, and subsequent growth and development are thought to be major causes of biostimulation activity in crop plants.

Seaweed extracts enhance soil fertility and increase crop productivity under various environmental conditions. The application of seaweed extracts improves soil structure and aeration; increases biotic and abiotic stress tolerance; enhances seed germination; and stimulates root growth, flower set, and fruit production. Seaweed extracts are rich in phytohormones and trace elements for plant growth.

Seaweeds and seaweed extracts are vital components of organic farming. They achieve yield maximization through their bio stimulatory role in crop plants. The application of seaweed extracts in agriculture not only reduces the side-effects of harmful agrochemicals but also helps in protecting the environment. Innovative companies, such as Sea6 Energy (India), are exclusively offering seaweed-based biostimulants along with technological platforms, such as TARMA and SPURT.

FMC Corporation (US) is one of the key players in the biostimulants markets because of diverse product portfolio

FMC Corporation provides solutions to growers through innovative development capabilities in crop protection, plant health, professional pest, and turf maintenance solutions. Earlier, the company operated through three business segments: agricultural solutions, health & nutrition, and lithium. Out of these, the agricultural solutions segment accounted for approximately 69% of its consolidated revenue. After November 2017, FMC Corporation acquired DuPont’s crop protection business the company operated in FMC Corporation's acquisition of a significant part of DuPont’s crop protection business and divestment of health and nutrition business to DuPont two active business segments: agricultural solutions and lithium. Today, the segments are herbicides, fungicides, plant health, and insecticides. FMC Corporation announced a new brand identity for its plant health business segment under the name of Biologicals by FMC. It will now sell biostimulants, bio fungicides, and other plant health products under this label.

The company has operations in North America, Europe, South America, the Middle East, and Asia Pacific, with most sales concentrated in the European, North American, and Asian regions. Its subsidiaries include FMC Agricultural Products International, AG (Switzerland), FMC Agroquimica de Mexico S.A. de C.V., FMC Foret, S.A. (Spain), FMC (Shanghai) Chemical Technology Consulting Co. Ltd. (China), FMC Australasia Pty. Ltd. (Australia), FMC Chemicals (Thailand) Limited, FMC Chemicals KK (Japan), and FMC BioPolymer UK Limited (UK).

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Asia Pacific is to grow at a CAGR of 12.5% during the forecast period

According to the FAOSTAT, in 2020, the region occupied about 170-million-hectare global agricultural land. The economic growth in most Asian countries, such as India and China, is highly dependent on agriculture. These countries are also the major exporters of crops in the global market. APAC is rich in plant diversity due to the wide variations in climate across the countries. Therefore, farmers opt for practices such as using plant growth promoters to sustainably increase crop yield or productivity.

Extreme weather conditions, such as storms, floods, and droughts, have frequently battered Asia’s agriculture sector. Also, the Green Revolution succeeded partly through heavily using chemical fertilizers and pesticides. All of these have resulted in dire changes in the soil structure and fertility in the region. To counter these challenges, the region is adopting many new farming practices and is moving increasingly toward sustainability. The region also shows steady growth in key agricultural outputs per year. This is estimated to drive the demand for biostimulants in agriculture, especially fruits and vegetables.

The key players in this market include BASF SE (Germany), UPL Limited (India), Adama Ltd. (Israel) and FMC Corporation (US).

Growth Opportunities in the Biological Seed Treatment Market

The report "Biological Seed Treatment Market by Type (Microbials and Botanicals), Crop (Corn, Wheat, Soybean, Cotton, Sunflower, and Vegetable Crops), Function (Seed Protection and Seed Enhancement), and Region - Global Forecast to 2025", is projected to reach USD 1.7 billion by 2025, at a CAGR of 11.9% during the forecast period.

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The global demand for biological seed treatment solutions is increasing as they ensure the farmers in protecting their potential yield, quality by minimizing the crop losses. Although, the biological seed treatment market is a small sector in the global agrochemical industry, the market has been growing at a significant rate due to agricultural and environmental benefits globally and increasing need for a sustainable approach in agricultural operations in developed countries. Strong research funding by key manufacturers for product development is projected to drive the growth of the market over the next five years.

The Microbial segment is projected to be the largest and fastest growing type of biological seed treatment market during the review period, in terms of value.

The biological seed treatment is categorized into two types namely microbial and botanicals. The microbial segment accounted for the largest share in the global biological seed treatment market due to the higher demand for biofungicides and bioinsecticides. These microbial seed treatments is carried out by beneficial microorganisms which can reduce the fertilizer and pesticide applications and increases the yields, with economical price.

By crop, the corn segment accounted for the largest market share in the biological seed treatment market, in terms of value.

Among various crop types, the corn segment accounted for the largest market share due to the risen production of corn globally and this crop is considered to be the most popular cereal type due to its wide range of applications as feed, food, and industrial feedstock. Also, the corn crop is vulnerable to many infections by plant pathogens throughout the growing season and thus has much wider requirement for biological seed treatment methods.

By function, the seed enhancement segment is projected to dominate in the biological seed treatment market during the forecast period, both in terms of value and volume.

The biological seed treatment functionalities comprised of seed enhancement and seed protection. The seed enhancement segment is projected to dominate constituting major share in the biological seed treatment market during the forecast period, both in terms of value and volume. This is due to the high growth potential conferring greater resistance to pests and diseases in seeds and improve the seed potency and modify seed emergence capabilities. In this segment, the biofertilizers are applied as coatings on seeds which could be of powder and granular formulations. The biostimulants have diverse formulations of microorganisms, plant extracts which are applied to the seeds for improving crop yield, with quality.

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North American region accounted for largest share in biological seed treatment market, in terms of value.

The global biological seed treatment market was dominated by North America, followed by Europe, APAC and South American regions. This is due to the countries in North America are set to rapid adoption of modern agricultural technologies and increase in the ban of certain chemical formulations inorder to develop a sustainable approach to diminish the environmental risks caused by pesticides usage.

Key Players:

The key players in this market include BASF SE (Germany), Bayer AG (Germany), Novozymes A/S (Denmark), Syngenta Group (Switzerland), Corteva Agriscience (US), Valent BioSciences (US), Verdesian Life Sciences (US), Koppert Biological Systems (Netherlands). These leading companies adopted various strategies, such as new product launches, acquisitions, expansions & investments, and mergers and to sustain in the competitive market, acquisitions formed the key strategy adopted by the players in the biological seed treatment market.

Controlled Release Fertilizer Market Growth Opportunities by 2026

The report "Controlled Release Fertilizer Market by Type (Slow Release, Coated And Encapsulated, Nitrogen Stabilizers), End Use (Agricultural and Non Agricultural), Mode of Application (Foliar, Fertigation, Soil), and Region - Global Forecast to 2026" The global controlled release fertilizer market size is projected to reach USD 3.3 billion by 2026. The market for controlled release fertilizer is estimated at USD 2.4 billion in 2021; it is projected to grow at a CAGR of 6.4% to reach USD 3.3 billion by 2026.

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Asia Pacific accounted for the largest share, during the forecast period, in terms of volume and value, respectively. Increasing growth of high-value crops and rising awareness among farmers about the environmental benefits of controlled-release fertilizers are expected to provide more scope for market expansion. The government policies adopted by Asia Pacific countries and the large subsidies, sometimes up to 100% for marginal farmers, provided on fertilizers are the major factors triggering the growth of this market in the region. In North America region the demand for controlled-release fertilizers is expected to increase in the near future due to the shrinking arable land. Mexico, on the other hand, has the advantage of a warm climate; however, the relative arable land is significantly less than the others. Given the high prices of controlled release fertilizer, the market has remained popular in developed markets, with high disposable incomes and demand.

The coated and encapsulated segment by type is projected to achieve the fastest growth in the controlled release fertilizer market.

The coated & encapsulated segment accounted for the largest market share during the forecast period. An increase in the application of coated fertilizers for cultivating high-value crops has led to a surge in demand in developed countries. The need for predefined and patterned nutrient release in the case of high-value crops and horticulture triggered the development of polymer coatings in the market. The rate of the release of nutrients can be controlled by the composition and thickness of the polymer coating. The nutrient release is dependent on temperature and the moisture permeability of the polymer coating. The moisture permeability of the capsule can be controlled by changing the composition of the polymeric coating material used. Since it is not dependent on soil properties, the prediction of nutrient release at a given time is possible for polymer-coated fertilizers.

By mode of application, the fertigation segment is projected to account for the largest market share in the controlled release fertilizer market.

The controlled-release fertilizers market, in terms of application method, was dominated by fertigation. Owing to the increasing irrigated land, fertigation is highly preferred as a suitable application method adopted in both developed and developing countries across the globe for the application of these fertilizers. Also, the labor costs are reduced to a large extent through the adoption of these techniques. Hence, this segment is also projected to be the fastest growing in the coming years. Though this technique allows uniform fertilizer application to some extent, newer and better technologies supporting precision farming practices can be developed. The combination of precision farming practices and controlled-release technology is expected to exhibit a synergistic relationship for the benefit of the global agricultural industry.

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Asia Pacific is projected to be the largest market.

Demand for controlled-release fertilizers has been growing in this region, due to increasing investment of overseas business lines in agricultural inputs to exclusively meet the demand of crop growers to attain export quality. Additionally, the regulations for controlled-release fertilizers are favorable in this region. China is estimated to account for the largest share in the Asia Pacific controlled-release fertilizers market due to the increasing investments by several multinational manufacturers in research & development.

Key Market Players:

The key players in this market include Yara International ASA (Norway), Nutrien Ltd. (Canada), The Mosaic Company (US), ICL Group (Israel), Nufarm Ltd. (Australia), Kingenta (China), ScottsMiracle-Gro (US), Koch Industries (US), Helena Chemical (US), and SQM (Chile). These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

3D Food Printing Market to Record Steady Growth by 2027

According to a research report "3D Food Printing Market by Vertical (Government, Commercial, and Residential), Technique (Extrusion based printing, Selective laser sintering, Binder jetting and Inkjet printing), Ingredient and Geography - Global Forecast to 2027" published by MarketsandMarkets, the 3D food printing market is estimated to account for nearly USD 201 million in 2022 and is projected to reach a value of nearly USD 1,941 million by 2027, growing at a CAGR of 57.3% from 2022. Large-scale manufacturing of food in commercial kitchens has exacerbated the problem of food waste. 3D food printing is a distinguished approach to reducing waste throughout consumption by utilizing food products such as meat off-cuts, leftover fruits and vegetables, and seafood by-products. Thus, with increasing awareness among consumers about food wastage and environmental issues, more consumers and food suppliers are anticipated to adopt 3D food printers. This is projected to drive the 3D food printing market.

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By ingredient type, the carbohydrate segment is estimated to account for the largest share in the 3D food printing market in 2022.

On the basis of ingredient type, the carbohydrate segment is estimated to dominate the 3D food printing market in 2022. Carbohydrate is the most widely used ingredient type used in 3D food printing because of the gelatinization property of carbohydrates. Increasing demand of carbohydrate-based food such as bakery products, confectionaries, driving the demand of carbohydrate type.

By vertical, commercial segment is projected to be the fastest-growing segment during the forecast period in the 3D food printing market.

During the forecast period, the commercial segment is projected to grow at the highest CAGR in the bakery processing equipment market, in terms of value. Most of the companies working toward the development of the 3D food printers are focusing on the commercial vertical. 3D food printers are more popularly used as chocolate, candy, and bread printing machines as the ingredients required to make these products are easily available. However, the companies such as Nestlé (Switzerland), Barilla (Italy), and Modern Meadow are also working to develop ingredients for other foods, including meat.

Extrusion based printing sub-segment is estimated to account for the largest market share and the fastest growth in the global 3D food printing market.

Extrusion technology pushes materials into holes at high temperatures and pressures, one layer at a time, and stacks them. Naturally soft materials include puree, jelly, frosting, cheese, and mashed potatoes. Extrusion-based 3Dfood printing is one of the most extensively used and adopted processes among the available options. It is the most affordable 3D printing technology, and because of its low cost, it is also the most popular among small enterprises and households. Thus, their usage is rising rapidly in the 3D food printing sector.

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The North American market is estimated to dominate the 3D food printing market in 2022

The North America is estimated to account for the largest market share in the 3D food printing market in 2022. The presence and growth of the companies offering the 3D food printing technology in this region are boosting the market in this region. This region is projected to be the largest market during the forecast period.

The US is known as one of the early adopters of the new technologies in the world. The busy and fast-moving life of common people makes it hard for them to get the proper nutritious diet. The 3D food printing technology could provide an option to have customized nutritious food. Also, the US government spends the highest amount of budget on healthcare, and the benefits of 3D food printers to provide food rich in specific nutrients and with the ease of chewing and swallowing would provide a suitable option for feeding the aged patients.

This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies in the 3D food printing market. It includes the profiles of leading companies such as 3D systems (US), TNO (Netherlands), NATURAL MACHINES (Spain), Choc edge (UK), Systems & Materials Research Corporation (US), byFlow B.V. (Netherlands), beehex (US), CandyFab (US), ZMORPH S.A (Poland) and Wiiboox (China).