Polymer-Coated Urea Market Size, Share, Opportunities, And Trends By Crop Type (Grains And Cereals, Pulses And Oilseeds, Commercial Crops, Fruits And Vegetables, Turf And Ornamentals), By Type (Biodegradable, Non-biodegradable), By Application (Agriculture, Golf Courses, Lawn And Turf, Others), And By Geography - Forecasts From 2023 To 2028

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

Polymer-coated urea (PC) is an N fertilizer that when added to the soil, uses temperature-controlled diffusion regulates N release matches plant demand, and mitigates environmental losses. This is the newest and technically sophisticated technology that is used in horticultural plant production and consists of soluble nutrients by polymer coating. The increasing demand for urea agriculture will improve the production of crops. Such increasing uses of urea are anticipated to drive the market for polymer-coated urea in the projected period.

The growing prominence of speciality fertilizers in the agriculture sector

The increasing growth of the population and the rising awareness towards the requirement of specific fertilizers for different crops and increasing awareness among farmers in case of which product to use for the optimal plant produce is driving the market for polymer-coated urea. Direct application of urea can be harmful to some plants such as soybean hence, the polymer-coated urea proves to be very beneficial in such application, and the demand for the same is anticipated to increase due to such reasons. Furthermore, the urea subsidy scheme is also expected to help in growing the market growth. For instance, according to the Government of India, CCEA approved the continuation of the urea subsidy scheme that will committee for India rupees 3,68,676.7 subsidy for urea for 3 years that is from 2022-23 to 2024-25. Hence, with the subsidies in urea, there is expected to be increased production for polymer-based urea in the coming years.

According to the Government of India, the production of indigenous urea is increasing in the country, In 2014-15 it was 225 LMT, which increased to 250 LMT in 2021-22 and now has reached 284 LMT in 2023. Hence, with the increasing production of urea, there is anticipated to be a boosted production of polymer-based urea as it is an evolved version that is helping the plants to take all the possible advantages of urea. Therefore, the market for polymer-based urea is expected to grow significantly in the projected period.

It is projected that the polymer-coated urea market in the USA will grow steadily. 

Polymer-coated urea is a urea-encapsulated granule that when added to moist soil regulates Nitrogen release in plants via temperature-controlled diffusion. Such fertilizers hold great potential for crop production, especially tomato, and also they are finding applicability in professional turfs and garden lawns. The booming demand for processed tomatoes in the USA has bolstered the overall production output which is anticipated to drive the usage of polymer-coated urea in the country. For instance, according to the USDA’s “Vegetable and Pulses Outlook” report issued in April 2023, tomato production in the country stood at 2,156 million pounds showing a 1% increase over 2021’s production figure.

Additionally, the US golf industry is growing owing to the growing number of golf participants both on & off the course. For instance, according to the National Golf Foundation, in 2022, 41.1 million Americans aged 6 years above played whereas the strength of people aged between 18 to 34 years reached 6.2 million for on-course, and 5.8 million for off-source. Such growing participation has bolstered the demand for more golf courses in the United States which is expected to drive the demand and usage of polymer-coated urea in such applications. According to the same source, the total number of golf courses in the US stood at 16,000 by the end of 2022.

Market Key Developments

• In August 2021, Sollio Agriculture and Pursell partnered to build an innovative fertilizer coating plant. The joint venture aims at building and operating a fertilizer plant in St. Thomas, ON that will be dedicated to the production of advanced controlled-release fertilizers (CRFs). The project will have an investment of 20 million Canadian dollars.

Polymer-Coated Urea Market Scope:

Segmentation:

• By Crop Type
  • Grains and Cereals
  • Pusles and Oilseeds
  • Commerical Crops
  • Fruits and Vegetables
  • Turf and Ornamentals
• By Type
  • Biodegradable
  • Non-Biodegradable
• By Application
  • Agriculture
  • Golf-Courses
  • Lawn and Turf
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • United Kingdom
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • India
    • South Korea
    • Thailand
    • Indonesia
    • Others