Market Scope
Market Research Future (MRFR) studied the global Controlled-Release Fertilizers industry 2021 for the analysis period till 2027. As per MRFR analysis, the Controlled-Release Fertilizers industry can register a 6.53% CAGR in the forecast tenure. By 2027, the Controlled-Release Fertilizers industry value can touch USD 3.09 Bn.
Drivers and Restrains Impacting Controlled-Release Fertilizer Market
The high demand for high-efficiency fertilizers and growing focus on curbing nutrient losses are major causes that can drive the growth of the global Controlled-Release Fertilizers industry. Farmers are focusing on improving their crop production and are adopting advanced farming technologies. The utility of controlled-release fertilizers decreases the loss of nutrients, thus requires less amount of fertilizer compared to conventional fertilizers. The reduction in cultivation cost and the increase in profit margin for farmers, along with surge in the crop yield can promote the growth of Controlled-Release Fertilizers industry. On the contrary, lack of expertise and less supply of effective counterfeit products are some challenges that the players operating in the market can encounter.
Key Players
BASF SE (Germany), Koch Agronomic Services, LLC. (U.S.), Nutrien Ltd. (Canada), ICL (Israel), Yara International ASA (Norway), AGLUKON Spezialdünger GmbH & Co. KG (Germany), Ekompany (Netherlands), COMPO EXPERT (Germany), Kingenta (China), Haifa Chemicals Ltd. (Israel), and The Scotts Company LLC (U.S.) are some reputed companies in the global Controlled-Release Fertilizers industry that are enlisted by MRFR.
Market Segmentation:
The global Controlled-Release Fertilizers industry’s segment study is done by type, crop type, and mechanism.
Based on type, the worldwide Controlled-Release Fertilizers industry is segmented into controlled release inorganic fertilizers (CRIF), controlled release organic fertilizers (CROF), controlled release coated urea (CRCU), and controlled release coated fertilizers (CRCF) others. The segment of CROF is sub-segmented into synthetic organic compounds and natural organic compounds. The synthetic organic compounds segment comprises isobutylene-diurea (IBDU), urea formaldehyde (UF), and urea acetaldehyde/cyclo diurea (CDU). The natural organic compounds segment studies animal manure and sewage sludge.
The CRIF segment is sub-segmented into partially acidulated phosphate rock (PAPR) and metal ammonium phosphates. The metal ammonium phosphates segment comprises MgNH4PO4 and KNH4PO4. The segment of CRCF is sub-segmented into matrix coating and coated granules. The segment of coated granular CRFs is further sub-segmented into polymer coating materials (resins and thermoplastics) and inorganic coating materials (sulfur and other types of minerals). The matrix coating segmented is studied for and hydrophilic matrix coating (hydrogels) and hydrophobic matrix coating (polyolefin and rubber). The segment of CRCU is sub-segmented into CRCU with a polymer-based coating material, CRCU with a sulfur-based coating material, CRCU with bio-composite coating material, and CRCU with a superabsorbent coating material (hydrogel) among other. The CRCU segment can dominate the global market due owing to increasing utility of urea-based fertilizer as they have high nitrogen content (46%) and are ease of application, as well as are affordable.
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Regional Analysis
The ‘worldwide Controlled-Release Fertilizers industry’s regional analysis spans across five regions; Asia Pacific, Europe, Latin America, North America, and the Middle East Asia and Africa. In North America, the Controlled-Release Fertilizers industry is expected to secure the highest share, followed by Europe and trailed by the Asia Pacific region. In the Middle East Asia and Africa as well as Latin America, the regional market is expected to a moderate surge in demand for controlled release fertilizers during the forecast period. The market of controlled release fertilizers in the Asia Pacific region can acquire decent market share. The rise in demand for high-value crops and spreading awareness about modern solutions among farmers about environmental benefits of controlled release fertilizers can provide wide scope for market expansion in Asia Pacific countries.
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The global Controlled Release Fertilizers Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the controlled-release fertilizers market include Aglukon, Nutrien Ltd., Yara International ASA, Agrium, Compo Expert, Haifa Chemicals, Helena Chemical, Jcam Agri., Kingenta, Koch Industries, SQM, Scottsmiracle-Gro.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Controlled Release Fertilizers Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/controlled-release-fertilizers-market/download-sampleMarket DynamicsThe rising demand for highly efficient fertilizers and high-value crops, favorable government regulations, and an increase in the number of investments from key market players are the factors driving the CRFs market.
Farmers are concentrating on increasing crop yield and are hence willing to use new farming methods.
In contrast with conventional fertilizers, the use of controlled-release fertilizers reduces nitrogen loss and requires less fertilizer application.
The top two players, namely, Kingenta Ecological Engineering and Shandong Shikefeng Chemical, collectively held nearly 50% of this market in 2014, demonstrating a moderately consolidated market structure, finds Transparency Market Research (TMR).Fertilizer manufacturers in Asia Pacific are making use of advanced technologies and economies of scale to produce low-cost specialty fertilizers, of which controlled release fertilizer is one of the fastest-growing segment.
In the near future, these companies will be focusing on increasing their production capacities and constructing new business facilities in emerging markets to expand their reach.
Request Sample pages of premium Research Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=9644Increasing Need for Food Boosts Adoption of Controlled Release FertilizersThe population in Asia Pacific has been reporting an exponential rise since the last few years.
According to the United Nations Economic and Social Commission for Asia Pacific (UN ESCAP), the region is home to more than 4.4 billion people, accounting for almost 60% of the world’s population.With this robust population base, the need for food is growing unprecedentedly in this region.
Hence, farmers are increasingly using controlled release fertilizers to enhance their agricultural output from the limited available land.Besides this, agriculturalists in Asia Pacific are focusing on upgrading their farming methods to boost their crop yield in order to meet the growing demand for food.
As controlled release fertilizers possess eco-friendly properties and are more efficient than conventional fertilizers, their application will be increased significantly in this region over the forecast period.Request for covid19 Impact Analysis - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19_id=9644Controlled Release Fertilizers find Highest Adoption in China and IndiaThe Asia Pacific controlled release fertilizers market is likely to expand at a CAGR of 7.20% during the period from 2015 to 2023, estimates TMR.
The slowness of the release is determined by the low solubility of the chemical compounds in the soil moisture.Coated Controlled-Release Fertilizer offers economic benefits which associated with labor savings and lesser quantity requirements are fueling market growth, more over the global awareness of sustainable agriculture which demands farming meets environmental safety standards.
The Coated Controlled-Release Fertilizers are the idea product to meets requirements above, according to research, the global Coated Controlled-Release Fertilizer market is projected to reach 2580 million USD by 2021.
Download Free Sample Report @ https://www.radiantinsights.com/research/global-controlled-release-fertilizers-market-research-report-2019-2023/request-sample In terms of type, Polymer sulfur coated urea or sulfur coated urea, polymer coated urea, polymer coated NPK fertilizer, and others (including coated micronutrients) are the primary product segments of the controlled release fertilizers market, according to research, demand for polymer sulfur coated urea/sulfur coated urea is expected to rise significantly for the forecast period as it has demonstrated to be an efficient alternative to urea due to its environment-friendly, resource saving, and labor saving characteristics.
It was the largest market for controlled release fertilizers, followed by North America.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-controlled-release-fertilizers-market-research-report-2019-2023 Global top manufacturers operating in Coated Controlled-Release Fertilizer Market are ATS Group, Greenfeed Agro Sdn.
Bhd, The Scotts Miracle-Gro Company, HIF TECH SDN.
