Polymer-Coated Urea Market is projected to achieve a CAGR of 6.06% to reach US$2.664 billion by 2028

The polymer-coated urea market is anticipated to grow at a CAGR of 6.06% from US$1.764 billion in 2021 to US$2.664 billion by 2028.

NOIDA, UTTAR PARDESH, INDIA, November 28, 2023 /EINPresswire.com/ -- According to a new study published by Knowledge Sourcing Intelligence, the polymer-coated urea market is projected to grow at a CAGR of 6.06% between 2021 and 2028 to reach US$2.664 billion by 2028.

Polymer-coated urea (PC) is a N fertilizer that, when applied to the soil, controls nitrogen release to match plant needs while mitigating environmental losses. This is the most recent and technically advanced technique utilized in horticulture plant development, and it comprises soluble nutrients coated with a polymer. The market is rising as a result of increased agriculture sector concerns, such as a rigorous regulatory framework on traditional fertilizers and eutrophication. Consumers' desire for upmarket features such as a home lawn is expanding, which is expediting market development. Furthermore, the rising number of golf courses throughout the world is expected to drive the polymer-coated urea market size during the forecast period.

The growing global population and changing food choices place pressure on agriculture to produce more with fewer resources. The capacity of polymer-coated urea to enhance nitrogen usage efficiency and decrease fertilizer waste contributed to addressing this need. PCU use was more prevalent in high-value commodities such as fruits, vegetables, and specialty crops. PCU is an appealing alternative for many crops since they frequently require precise fertilizer control to attain maximum yields and quality. Polymer-coated urea is a form of controlled-release fertilizer that is designed to gradually release nutrients over time. The growing understanding of the advantages of controlled-release fertilizers in terms of nutrient efficiency, less environmental impact, and improved crop production might have fueled demand for polymer-coated urea. Fruits, vegetables, and specialized crops, for example, frequently need delicate nutrition control. The controlled-release features of polymer-coated urea may be especially beneficial for these crops, leading to greater usage in the horticulture sector. As a result, the growing use of high-value crops and horticulture is propelling the polymer-coated urea market.

The market is witnessing multiple collaborations and technological advancements, for instance, Sollio Agriculture and Pursell collaborated in August 2021 to create an innovative fertilizer coating factory. The joint venture intends to construct and operate a fertilizer factory in St. Thomas, ON, devoted to the manufacturing of sophisticated controlled-release fertilizers (CRFs).

Access sample report or view details: https://www.knowledge-sourcing.com/report/polymer-coated-urea-market

Based on crop type the global polymer-coated urea market is divided into grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables, and turf and ornamentals. The grain and cereal segment is anticipated to hold a major market share and is poised to expand significantly over the forecast period. Cereals and grains are staple food crops that are widely consumed worldwide. The controlled-release technique of polymer-coated urea is very beneficial for cereals and grains. During their life cycle, these crops have numerous development phases and nutritional requirements. The capacity of PCU to progressively release nitrogen coincides with the changing demands of cereals and grains, resulting in more effective nutrient consumption and higher crop performance. The controlled-release method of polymer-coated urea reduces nutrient losses such as leaching and volatilization, which are significant difficulties in cereal and grain production. Polymer-coated urea's better fertilizer utilization efficiency means that a greater proportion of the applied nitrogen is taken up by the crops, resulting in larger yields and a lower environmental effect.

Based on type the global polymer-coated urea market is divided into biodegradable and non-biodegradable. Among these, the non-biodegradable category is expected to lead the market. This can be attributed to the reason that these types of urea are widely used in agricultural processes due to their slow release rate of nitrogen in the soil. These coatings shield urea from fast hydrolysis, lowering nitrogen losses due to volatilization and leaching. Furthermore, non-biodegradable coatings provide a longer length of nutrient release, guaranteeing a consistent and effective nutrient delivery to crops over time.

Based on application the global polymer-coated urea market is divided into agriculture, golf courses, lawn and turf, and others. Among these, the agricultural sector is poised to expand significantly. The growing population, expanding knowledge of the need for particular fertilizers for different crops, and rising understanding among farmers about which product to use for best plant yield are driving the market for polymer-coated urea. Because direct application of urea can be hazardous to some plants, such as soybean, polymer-coated urea has shown to be quite advantageous in such applications, and demand for the same is expected to rise as a result. Moreover, the urea subsidy plan is projected to aid in market expansion.

Based on Geography the polymer-coated urea market is expected to be dominated by North America. The United States is a major user of coated fertilizers in the region. The well-established agricultural sector, easy access to new technology, and highly experienced professional farmers are expected to drive demand for coated fertilizers in North America. Cotton is in high demand in the North American region, and because it is one of the most important commercial crops and fertilization is essential to improving fiber quality, polymer-coated urea is finding widespread use in fertilizers to boost nutrient-use productiveness in cotton by 4R nutrient stewardship, which includes using an adequate fertilizer source at the correct time, correct location, and at the correct rate.

As a part of the report, the major players operating in the global polymer-coated urea market, that have been covered are BASF SE, Haifa Group, Nutrien Ltd, J.R.Simplot Company, DeltaChem GmbH, Knox Fertilizer Company Inc., Compo Expert.

The market analytics report segments the polymer-coated urea market using the following criteria:

• BY CROP TYPE

o Grains and Cereals
o Pusles and Oilseeds
o Commerical Crops
o Fruits and Vegetables
o Turf and Ornamentals

• BY TYPE

o Biodegradable
o Non-Biodegradable

• BY APPLICATION

o Agriculture
o Golf-Courses
o Lawn and Turf
o Others

• BY GEOGRAPHY

o North America

• United States
• Canada
• Mexico

o South America

• Brazil
• Argentina
• Others

o Europe

• Germany
• France
• United Kingdom
• Spain
• Others

o Middle East and Africa

• Saudi Arabia
• UAE
• Israel
• Others

o Asia Pacific

• South Korea
• India
• Indonesia
• Thailand
• Others

Companies Profiled:

• BASF SE
• Haifa Group
• Nutrien Ltd
• J.R.Simplot Company
• DeltaChem GmbH
• Knox Fertilizer Company Inc.
• Compo Expert

Explore More Reports:

• Aquaculture Fertilizer Market: https://www.knowledge-sourcing.com/report/aquaculture-fertilizer-market
• Nitrogen Fertilizer Market: https://www.knowledge-sourcing.com/report/nitrogen-fertilizer-market
• Non-Protein Nitrogen In Feed Market: https://www.knowledge-sourcing.com/report/non-protein-nitrogen-in-feed-market

Ankit Mishra
Knowledge Sourcing Intelligence LLP
+1 850-250-1698
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