Neem Coated Urea Market Trends and Forecast
The future of the global neem coated urea market looks promising with opportunities in the wheat and paddy markets. The global neem coated urea market is expected to grow with a CAGR of 4.6% from 2024 to 2030. The major drivers for this market are growing demand for eco-friendly fertilizers, rising concern about soil health, and expanding government support for organic farming.
• Lucintel forecasts that 46% nitrogen will remain larger segment over the forecast period.
• Within this market, wheat is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Neem Coated Urea Market
• United States: In the United States, companies like Nutrien Ltd. have been exploring opportunities in sustainable agriculture, including neem-coated urea. Nutrien has announced initiatives to promote eco-friendly fertilizers that reduce environmental impact while enhancing crop yields. The U.S. government supports such initiatives through subsidies and incentives aimed at promoting sustainable farming practices and reducing greenhouse gas emissions in agriculture.
• India: In India, companies such as IFFCO (Indian Farmers Fertiliser Cooperative Limited) have set ambitious targets to increase the adoption of neem-coated urea among farmers. IFFCO has launched extensive awareness campaigns and distribution initiatives to promote the benefits of neem-coated urea, including improved nitrogen utilization efficiency and pest repellent properties. The Indian government has mandated the use of neem-coated urea to prevent diversion and ensure availability to farmers at subsidized rates, supporting agricultural productivity and sustainability.
• China: ChinaÄX%$%Xs agriculture sector is increasingly adopting neem-coated urea to address environmental concerns and improve crop yields. Companies like China National Chemical Corporation (ChemChina) have ramped up production of neem-coated urea to meet growing demand from farmers seeking sustainable fertilizer options. The Chinese government encourages the use of environmentally friendly agricultural inputs through policies that promote soil health and food security .
• Germany: In Germany, companies like K+S Group are investing in research and development to enhance the efficacy of neem-coated urea for European agricultural markets. K+S GroupÄX%$%Xs initiatives include partnerships with agricultural research institutes to study the impact of neem-coated urea on soil fertility and crop nutrition. The German government supports sustainable agriculture through subsidies and regulatory frameworks that promote the use of innovative fertilizers like neem-coated urea .
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Neem Coated Urea Market by Segment
The study includes a forecast for the global neem coated urea market by type, application, and region.
Neem Coated Urea Market by Type [Value from 2018 to 2030]:
• 46% Nitrogen
• Others
Neem Coated Urea Market by Application [Value from 2018 to 2030]:
• Wheat
• Paddy
• Others
Neem Coated Urea Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Neem Coated Urea Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies neem coated urea companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the neem coated urea companies profiled in this report include-
• Kribhco
• GSFC
• Yara
• Grasim
• Southern Petrochemical Industries
• Aditya Birla Chemicals
• National Fertilizers
Recent Development in the Neem Coated Urea Market
• IFFCO (Indian Farmers Fertiliser Cooperative Limited): IFFCO has been a pioneer in promoting neem-coated urea in India. The cooperative has launched extensive awareness campaigns among farmers about the benefits of neem-coated urea, including its role in improving soil health, reducing nitrogen losses, and enhancing crop yields. IFFCO has set targets to increase the production and distribution of neem-coated urea to meet the fertilizer needs of Indian farmers effectively. The initiative aligns with the Indian governmentÄX%$%Xs mandate to use neem-coated urea to prevent its diversion for non-agricultural purposes and ensure its availability at subsidized rates to farmers.
• Nutrien Ltd.: Nutrien, a leading agricultural inputs company based in Canada, has expanded its portfolio to include neem-coated urea. Nutrien aims to provide sustainable fertilizer solutions that improve nutrient efficiency and minimize environmental impact. The companyÄX%$%Xs initiative involves partnerships with research institutions to innovate neem-coated urea formulations that meet global agricultural standards and regulatory requirements. NutrienÄX%$%Xs efforts underscore its commitment to sustainability and enhancing crop productivity through advanced fertilizer technologies.
• Rashtriya Chemicals and Fertilizers Ltd. (RCF): RCF, a public sector fertilizer company in India, has ramped up production of neem-coated urea to cater to the increasing demand from farmers. The company has implemented quality control measures and distribution strategies to ensure timely availability of neem-coated urea across agricultural regions in India. RCFÄX%$%Xs initiative supports the governmentÄX%$%Xs objectives of promoting sustainable agriculture practices and enhancing fertilizer efficiency through innovative formulations.
• Oman India Fertiliser Company (OMIFCO): OMIFCO, a joint venture between Oman Oil Company and Indian Farmers Fertiliser Cooperative Limited (IFFCO), has invested in neem-coated urea production facilities in Oman. The companyÄX%$%Xs initiative focuses on leveraging OmanÄX%$%Xs strategic location to supply neem-coated urea to agricultural markets in India and other regions. OMIFCOÄX%$%Xs neem-coated urea is known for its high quality and eco-friendly attributes, contributing to sustainable agricultural practices and food security in India.
Features of the Global Neem Coated Urea Market
Market Size Estimates: Neem coated urea market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Neem coated urea market size by type, application, and region in terms of value ($B).
Regional Analysis: Neem coated urea market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the neem coated urea market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the neem coated urea market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for neem coated urea market?
Answer: The global neem coated urea market is expected to grow with a CAGR of 4.6% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the neem coated urea market?
Answer: The major drivers for this market are growing demand for eco-friendly fertilizers, rising concern about soil health, and expanding government support for organic farming.
Q3. What are the major segments for neem coated urea market?
Answer: The future of the neem coated urea market looks promising with opportunities in the wheat and paddy markets.
Q4. Who are the key neem coated urea market companies?
Answer: Some of the key neem coated urea companies are as follows:
• Kribhco
• GSFC
• Yara
• Grasim
• Southern Petrochemical Industries
• Aditya Birla Chemicals
• National Fertilizers
Q5. Which neem coated urea market segment will be the largest in future?
Answer: Lucintel forecasts that 46% nitrogen will remain larger segment over the forecast period.
Q6. In neem coated urea market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the neem coated urea market by type (46% nitrogen and others), application (wheat, paddy, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Neem Coated Urea Market Market, Neem Coated Urea Market Market Size, Neem Coated Urea Market Market Growth, Neem Coated Urea Market Market Analysis, Neem Coated Urea Market Market Report, Neem Coated Urea Market Market Share, Neem Coated Urea Market Market Trends, Neem Coated Urea Market Market Forecast, Neem Coated Urea Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.