Nitrogen Slow Release Fertilizer

Nitrogen Slow Release Fertilizer Market Outlook

The global nitrogen slow release fertilizer market was valued at approximately USD 3.2 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of about 7.2% from 2023 to 2035. This growth can be attributed to the increasing demand for efficient agricultural practices and sustainable farming techniques, driven by the need to improve crop yield while minimizing environmental impact. Additionally, the rising adoption of precision farming, which relies on the strategic application of fertilizers to optimize plant growth and soil health, is further propelling market expansion. Factors such as governmental initiatives promoting the use of slow-release fertilizers, coupled with the growing awareness of sustainable agricultural practices among farmers, are expected to significantly contribute to market growth over the forecast period. Furthermore, the escalating need for food security due to the increasing global population is influencing the demand for advanced agricultural solutions, including nitrogen slow release fertilizers.

Growth Factor of the Market

One of the primary growth factors for the nitrogen slow release fertilizer market is the increasing global population, which necessitates higher agricultural productivity to ensure food security. As the world population approaches 9 billion by 2050, the demand for efficient fertilization methods is paramount to meet the growing food requirements. Moreover, the awareness of environmental sustainability is leading farmers to adopt fertilizers that reduce leaching and runoff, thereby protecting water quality. The continuous advancements in technology, such as polymer coating and controlled-release formulations, are also enhancing the effectiveness of these fertilizers, making them more appealing to farmers. Furthermore, the trend of organic and eco-friendly farming practices is pushing the market toward nitrogen slow release fertilizers, which are perceived as less harmful to the environment. Finally, government subsidies and incentives for using environmentally friendly fertilizers are further promoting market growth.

Key Highlights of the Market

• Projected global market growth at a CAGR of 7.2% from 2023 to 2035.
• Increasing adoption of sustainable agricultural practices among farmers.
• Rising global population driving demand for efficient farming solutions.
• Technological advancements in slow-release fertilizer formulations.
• Government initiatives promoting environmentally friendly fertilizers.

By Product Type

Polymer Coated:

Polymer coated nitrogen slow release fertilizers are gaining traction in the market due to their ability to regulate nutrient release according to environmental conditions. These fertilizers encapsulate the nutrients in a polymer coating, which dissolves slowly, allowing for prolonged nutrient availability in the soil. The controlled release minimizes nutrient leaching, reducing the frequency of application required and improving overall nutrient use efficiency. Farmers are increasingly adopting polymer coated fertilizers as they offer enhanced yield potential and lower environmental impact compared to traditional fertilizers. The growing focus on sustainable agricultural practices is expected to further drive the demand for polymer coated fertilizers in the coming years.

Sulphur Coated:

Sulphur coated nitrogen slow release fertilizers are also becoming popular due to their dual role of providing sulfur, an essential nutrient, while controlling the release of nitrogen. The sulfur coating not only helps in delaying the nutrient release but also contributes to the overall nutrient profile of the soil, enhancing plant growth. The use of sulphur coated fertilizers is particularly beneficial in regions where sulfur deficiency is common, making them an attractive option for farmers aiming to optimize crop performance. With the increasing recognition of the importance of sulfur in plant nutrition, the sulphur coated segment is expected to witness substantial growth in the market.

Controlled Release Urea:

Controlled release urea is a widely adopted type of nitrogen slow release fertilizer owing to its effective nitrogen release pattern, which aligns with crop nutrient requirements. This fertilizer type allows for a gradual and sustained release of nitrogen, reducing the risk of nitrogen loss due to leaching or volatilization. Farmers appreciate its effectiveness in enhancing crop yield while minimizing environmental impact. Furthermore, the growing preference for precision agriculture, where farmers apply fertilizers based on specific crop needs, is driving the popularity of controlled release urea, and this trend is expected to continue as agricultural practices evolve.

Ammonium Nitrate Coated:

Ammonium nitrate coated slow release fertilizers offer a balanced nutrient profile and are favored for their rapid absorption by plants. The coating acts as a barrier, delaying the release of nitrogen, ensuring a steady supply for crops. This attribute makes ammonium nitrate coated fertilizers suitable for a variety of crops, particularly in high-demand agricultural settings. The adaptability of ammonium nitrate coated fertilizers to different soil types and climatic conditions has led to increased adoption among farmers, thereby contributing positively to market growth.

Others:

The “Others” category includes various innovative formulations of nitrogen slow release fertilizers that may not fit into the traditional categories mentioned above. This segment is witnessing growth due to the introduction of novel technologies and formulations aimed at improving nutrient availability and uptake efficiency. These products often combine multiple nutrient sources and coating technologies to achieve desired release patterns, catering to specific crop requirements and agricultural practices. As research and development in fertilizer technology continues, this segment is likely to expand, attracting interest from farmers seeking tailored solutions for their crops.

By Application

Agriculture:

The agriculture segment dominates the nitrogen slow release fertilizer market, as these fertilizers are extensively used to enhance the productivity of food crops. Farmers are increasingly recognizing the benefits of slow release fertilizers in improving soil health and maximizing crop yield. With the growing emphasis on sustainable farming practices, nitrogen slow release fertilizers are becoming essential in conventional and organic farming setups. The application of these fertilizers in agriculture is projected to grow significantly due to the rising global food demand and the need for environmentally responsible farming practices.

Horticulture:

Horticulture is another key application area for nitrogen slow release fertilizers, as they are particularly beneficial for ornamental plants, fruits, and vegetables. The controlled release of nutrients ensures that plants receive a steady supply, promoting healthy growth and vibrant blooms. Horticulturists are increasingly adopting slow release fertilizers to minimize nutrient leaching, which is critical in high-value crops. The combination of aesthetics and productivity in horticulture drives the demand for effective fertilization solutions, positioning nitrogen slow release fertilizers as a valuable tool in this sector.

Floriculture:

In the floriculture segment, nitrogen slow release fertilizers are crucial for maintaining the health and longevity of flowering plants. These fertilizers provide the necessary nutrients over an extended period, ensuring that flowers bloom at their best without nutrient deficiencies. The slow release mechanism is particularly advantageous for floriculturists who seek to reduce labor costs associated with frequent fertilizer applications. As the demand for ornamental flowers increases, the floriculture sector is expected to adopt more nitrogen slow release fertilizers, further propelling market growth.

Turf & Ornamental:

The turf and ornamental application segment utilizes nitrogen slow release fertilizers to maintain lush, healthy lawns and landscapes. These fertilizers support the sustained growth of turf grasses, which require consistent nutrient availability for optimal health. The trend towards eco-friendly landscaping practices is encouraging the use of slow release fertilizers, which reduce runoff and protect water quality. As urbanization increases and the demand for manicured lawns and ornamental gardens grows, the turf and ornamental segment is likely to see heightened adoption of nitrogen slow release fertilizers.

Others:

The "Others" application segment includes various niche markets where nitrogen slow release fertilizers can be beneficial, such as in forestry, landscape design, and specialty crops. These applications often require tailored nutrient management practices to optimize growth conditions. As awareness of the importance of nutrient release patterns in various crops and environments increases, this segment is expected to grow steadily, catering to farmers and agricultural professionals seeking customized fertilization solutions.

By Distribution Channel

Online Stores:

The segment of online stores is rapidly gaining traction as a distribution channel for nitrogen slow release fertilizers. The convenience of online shopping, coupled with a wide variety of choices and competitive pricing, appeals to a growing number of consumers, including farmers and gardeners. The ability to compare products easily and read reviews enhances the purchasing experience, leading to increased sales through online platforms. The COVID-19 pandemic accelerated the shift towards e-commerce, and as a result, this channel is expected to see significant growth in the coming years, transforming the way fertilizers are marketed and sold.

Agriculture Supply Stores:

Agriculture supply stores remain a traditional and reliable distribution channel for nitrogen slow release fertilizers. These stores serve as essential hubs for farmers, providing not only fertilizers but also a variety of agricultural inputs. Farmers appreciate the accessibility and personalized service offered at local supply stores, allowing them to make informed decisions based on their specific needs. As agricultural supply stores continue to adapt to changing market dynamics and consumer preferences, they will remain a crucial channel for distributing nitrogen slow release fertilizers.

Supermarkets/Hypermarkets:

Supermarkets and hypermarkets are increasingly becoming important players in the distribution of nitrogen slow release fertilizers to a broader audience, including home gardeners and small-scale farmers. The presence of garden centers within these large retail establishments provides consumers with easy access to fertilizer products, making it convenient for them to purchase alongside their grocery shopping. As the trend of gardening and landscaping grows among urban dwellers, the supermarket and hypermarket distribution channel is expected to expand, catering to the diverse needs of consumers looking for effective fertilization solutions.

Direct Sales:

Direct sales, including sales through agricultural cooperatives and direct-to-farmer models, are critical in the distribution of nitrogen slow release fertilizers. This method allows manufacturers to establish strong relationships with farmers, providing them with tailored solutions that meet their specific agricultural needs. Direct sales also facilitate better feedback from users, enabling manufacturers to continuously improve their products and services. The efficiency and cost-effectiveness of direct sales contribute to their significance as a distribution channel in the nitrogen slow release fertilizer market.

Others:

The "Others" distribution channel segment encompasses various unconventional channels, including specialty stores, garden centers, and farmer markets. These channels provide targeted access to specific consumer groups who may be seeking specialized products not available in mainstream retail outlets. As consumer preferences shift towards local and organic products, these alternative distribution channels are becoming increasingly relevant, allowing for a more personalized shopping experience that emphasizes quality and sustainability in fertilization practices.

By Ingredient Type

Polymer Coating:

Polymer coating is a widely used ingredient type in nitrogen slow release fertilizers, as it allows for effective control over nutrient release. The polymer coating acts as a barrier that regulates the rate at which nitrogen is released into the soil, ensuring that plants receive nutrients in a steady and continuous manner. This ingredient type is particularly valued for its ability to minimize nutrient loss and environmental impact, making it an attractive option for farmers concerned about sustainability. The significant advancements in polymer technology have made these fertilizers more efficient, and their growing popularity is expected to contribute positively to the market.

Sulphur Coating:

Sulphur coating is another critical ingredient type in the production of nitrogen slow release fertilizers. Sulphur not only helps regulate the release of nutrients but also enhances the overall nutrient composition, benefiting crop growth. This ingredient is particularly important in regions where soils are deficient in sulfur, providing an additional layer of nutrient availability. As awareness of sulfur's role in plant health grows, so does the demand for sulphur coated fertilizers, making this ingredient type an essential component in the nitrogen slow release fertilizer market.

Resin Coating:

Resin coating technology is emerging as a popular ingredient type in nitrogen slow release fertilizers, offering a controlled release mechanism that extends nutrient availability. The resin formulation allows for precise control over the timing and amount of nutrient release, making these fertilizers particularly effective in meeting the needs of various crops. With the increasing emphasis on optimizing nutrient use efficiency in agriculture, resin coated fertilizers are expected to capture a greater market share as farmers seek innovative solutions to enhance yield and minimize environmental impact.

Wax Coating:

Wax coating is gaining attention in the nitrogen slow release fertilizer market due to its ability to provide a controlled release of nutrients in response to soil moisture levels. This ingredient type is particularly suited for regions with variable weather conditions, as it allows for nutrient release when plants need them most. The growing preference for fertilizers that align with sustainable agricultural practices is driving interest in wax coated slow release fertilizers, as they offer an environmentally responsible option for nutrient management.

Others:

The "Others" ingredient type segment includes various innovative coatings and formulations that enhance the effectiveness of nitrogen slow release fertilizers. These may involve combinations of different coating technologies or the inclusion of micronutrients to promote plant health. As research and development in fertilizer technology continue to evolve, this segment will likely expand, catering to the increasing demands of farmers seeking specialized fertilization solutions to address specific crop and soil requirements.

By Region

The North American region is expected to dominate the nitrogen slow release fertilizer market, accounting for a significant share of the overall market value. The increasing adoption of sustainable agricultural practices and the presence of advanced agricultural technologies contribute to the region's growth. It is anticipated that the North American market will witness a CAGR of 6.8% during the 2023-2035 forecast period, driven by increasing demand for environmentally friendly fertilizers among farmers. Additionally, the growing trend towards precision agriculture in this region is expected to bolster the use of nitrogen slow release fertilizers, further solidifying their market position.

In Europe, the nitrogen slow release fertilizer market is projected to grow steadily, fueled by stringent environmental regulations and a strong emphasis on sustainable agricultural practices. European farmers are increasingly looking for ways to comply with regulations that promote eco-friendly farming techniques, leading to heightened adoption of slow release fertilizers. The European market is expected to grow at a CAGR of 7.5% over the forecast period, as the demand for high-quality fertilizers that minimize environmental impact continues to rise. Regions within Europe, such as Germany and France, are at the forefront of adopting these fertilizers, contributing significantly to the overall market growth.

Opportunities

The nitrogen slow release fertilizer market presents various growth opportunities, particularly in emerging economies where agricultural practices are evolving. As agricultural sectors in countries across Asia Pacific, Latin America, and Africa continue to modernize, there is a growing recognition of the need for efficient fertilization techniques to enhance crop productivity. The implementation of government policies aimed at promoting sustainable farming practices in these regions is likely to create a conducive environment for the adoption of nitrogen slow release fertilizers. Manufacturers can capitalize on this opportunity by developing region-specific products that cater to local agricultural needs, thus expanding their market presence and customer base.

Furthermore, the increasing interest in organic and precision farming practices offers substantial opportunities for nitrogen slow release fertilizer manufacturers. As more farmers seek to optimize their fertilizer usage and minimize environmental impact, the demand for innovative products that provide controlled nutrient release is expected to rise. Collaborations between manufacturers and agricultural research institutions can lead to the development of advanced formulations that enhance nutrient efficiency while maintaining eco-friendliness. By leveraging technological advancements and aligning product offerings with market trends, companies can effectively tap into the burgeoning opportunities within the nitrogen slow release fertilizer market.

Threats

Despite the positive growth outlook for the nitrogen slow release fertilizer market, several threats could impede its progress. One significant threat is the volatility in raw material prices, which can affect production costs and ultimately the pricing of finished products. Fluctuations in the prices of nitrogen, sulfur, and polymers can lead to unpredictability in the market, making it challenging for manufacturers to maintain competitive pricing. Additionally, the increasing focus on organic farming practices may limit the growth of synthetic fertilizer segments, including slow release options, as consumers and regulators push for more natural alternatives. This shift in consumer preference presents a challenge for manufacturers who need to adapt their product offerings to remain relevant in a changing market landscape.

Another threat to the nitrogen slow release fertilizer market is the potential for regulatory changes that could impact the manufacturing and distribution of fertilizers. Stricter environmental regulations aimed at reducing the environmental impact of agricultural chemicals may require significant adjustments in production processes for nitrogen slow release fertilizers. Compliance with these regulations may increase operational costs and create barriers to market entry for smaller players. Manufacturers must remain vigilant and adaptable to navigate shifting regulatory landscapes to successfully mitigate these threats.

Competitor Outlook

• Yara International
• Nutrien Ltd.
• CF Industries Holdings, Inc.
• The Mosaic Company
• OCI Nitrogen
• Haifa Group
• Agrium
• K+S AG
• Syngenta AG
• BASF SE
• Green Best Technology
• Balchem Corporation
• ICL Group
• UPL Limited
• Solvay SA

The competitive landscape of the nitrogen slow release fertilizer market is characterized by a mix of established players and emerging companies, each vying for a share of this growing sector. Major companies such as Yara International and Nutrien Ltd. lead the market with their extensive product portfolios and strong distribution networks, allowing them to cater to a diverse customer base. These companies are continually investing in research and development to innovate and enhance their product offerings, ensuring they remain at the forefront of market trends. Strategic partnerships and collaborations with agricultural research institutions are also common among these industry leaders, enabling them to leverage advancements in fertilizer technology and improve their competitive edge.

CF Industries Holdings, Inc. and The Mosaic Company are also key competitors in the nitrogen slow release fertilizer market, focusing on sustainable practices and product innovation to meet the changing demands of farmers. These companies actively promote their eco-friendly product lines, highlighting their commitment to reducing the environmental impact of agriculture. Furthermore, both firms emphasize the importance of customer education and support, providing farmers with the knowledge and tools necessary to optimize fertilizer use and maximize crop yield. Their strong market presence and focus on sustainability position them well for future growth.

In addition to these larger players, several smaller companies, such as Green Best Technology and Balchem Corporation, are making strides in the nitrogen slow release fertilizer market by offering niche products and specialized formulations. These companies often focus on specific regions or crop types, catering to the unique needs of their target markets. Their agility and ability to respond quickly to market trends allow them to carve out a space in this competitive landscape. As the demand for sustainable and efficient fertilizers continues to rise, these smaller companies can also contribute to innovation and product differentiation, further enhancing the overall competitiveness of the nitrogen slow release fertilizer market.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Agrium
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 K+S AG
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 BASF SE
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 ICL Group
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Solvay SA
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Haifa Group
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Syngenta AG
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 UPL Limited
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Nutrien Ltd.
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 OCI Nitrogen
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 The Mosaic Company
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Yara International
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Balchem Corporation
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Green Best Technology
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 CF Industries Holdings, Inc.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Nitrogen Slow Release Fertilizer Market, By Application
    • 6.1.1 Agriculture
    • 6.1.2 Horticulture
    • 6.1.3 Floriculture
    • 6.1.4 Turf & Ornamental
    • 6.1.5 Others
  • 6.2 Nitrogen Slow Release Fertilizer Market, By Product Type
    • 6.2.1 Polymer Coated
    • 6.2.2 Sulphur Coated
    • 6.2.3 Controlled Release Urea
    • 6.2.4 Ammonium Nitrate Coated
    • 6.2.5 Others
  • 6.3 Nitrogen Slow Release Fertilizer Market, By Ingredient Type
    • 6.3.1 Polymer Coating
    • 6.3.2 Sulphur Coating
    • 6.3.3 Resin Coating
    • 6.3.4 Wax Coating
    • 6.3.5 Others
  • 6.4 Nitrogen Slow Release Fertilizer Market, By Distribution Channel
    • 6.4.1 Online Stores
    • 6.4.2 Agriculture Supply Stores
    • 6.4.3 Supermarkets/Hypermarkets
    • 6.4.4 Direct Sales
    • 6.4.5 Others

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Nitrogen Slow Release Fertilizer Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Nitrogen Slow Release Fertilizer market is categorized based on

By Product Type

• Polymer Coated
• Sulphur Coated
• Controlled Release Urea
• Ammonium Nitrate Coated
• Others

By Application

• Agriculture
• Horticulture
• Floriculture
• Turf & Ornamental
• Others

By Distribution Channel

• Online Stores
• Agriculture Supply Stores
• Supermarkets/Hypermarkets
• Direct Sales
• Others

By Ingredient Type

• Polymer Coating
• Sulphur Coating
• Resin Coating
• Wax Coating
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Yara International
• Nutrien Ltd.
• CF Industries Holdings, Inc.
• The Mosaic Company
• OCI Nitrogen
• Haifa Group
• Agrium
• K+S AG
• Syngenta AG
• BASF SE
• Green Best Technology
• Balchem Corporation
• ICL Group
• UPL Limited
• Solvay SA