That global sales of controlled release fertilizer will likely reach US$ 3 Bn by the end of 2021. Adoption of various measures to grow and deliver quality crops is the key reason driving sales of controlled release fertilizer.
In addition, manufacturers of controlled release fertilizer are focusing on increasing the efficiency of the crops that would help the growth of the same in the long run. Thus, the sales of controlled release fertilizer are expected to surpass US$ 4.9 Bn by registering a modest CAGR of 5% through the assessment period 2021-2031.
Manufacturers are focusing on increasing the efficiency and longevity of crops. Thus, the controlled release fertilizers industry is constantly researching and developing fertilizers according to the demand from end user sectors. In addition, increasing demand for raw and fresh fruits and vegetables has boosted demand to a major extent.
To back its opinion, the research report covers all the factors and events such as mergers, acquisitions, takeovers, joint ventures, and strategic alliances. It also analyzes the entry barriers and overall intensity of the competition in the global Controlled Release Fertilizer Market.
Competitive Landscape
Prominent controlled release fertilizer manufacturers are effectively collaborating with or acquiring existing small, medium and large-scale manufacturers to expand their market presence. Key developments are as follows:
- In August 2021, Eurochem Agro Gmbh signed an agreement to acquire the Serra do Salitre phosphate project in Brazil. Currently, the project is 50% complete whereas fertilizer production is expected to commence from 2023. The acquisition is expected to help reduce dependence on third-party phosphate supplies, simultaneously generating phosphates and complex fertilizer production in Brazil
- In July 2020, Haifa Group signed a MoU with AgrIOT. This will help the company to detect nutritional deficiency in plants and recommend treatments through smartphones. The technology assists in addressing nitrogen, phosphorus and potassium deficiencies within plants and help farmers reduce future costs. It will also permit frequent monitoring of crop development
- In October 2021, Israel Chemicals Limited announced its decision to expand the existing partnership with Haldor Topsoe, intending to enter a long-term supply arrangement for potassium nitrate, an important inorganic fertilizer for crops
Key Takeaways from the Market Study
- Controlled release fertilizer demand to mushroom 1.6x from 2021-2031
- By product, polymer coated NPK fertilizers are expected to generate 45% revenue by 2031
- Fruits & vegetables to account for over 2/5th revenue in the controlled release fertilizer market
- Controlled release fertilizers for cereals & grains to experience 1.5x growth
- Non-agricultural applications to yield 40% revenue across the market in the U.S
- China to emerge as the fastest growing region, clocking an impressive 10% CAGR
“The demand for controlled release fertilizers for optimal crop development has increased over the years. Easy availability of fertilizers along with the demand from developing regions is set to accelerate the sales across the forecast period,” says a Fact.MR analyst.
Key Segments Covered
· Product
- Polymer Sulfur Coated Urea/Sulfur Coated Urea Controlled Release Fertilizer
- Polymer Coated Urea Controlled Release Fertilizer
- Polymer Coated NPK Controlled Release Fertilizer
· Crop
- Controlled Release Fertilizers for Cereals & Grains
- Controlled Release Fertilizers for Oilseeds & Pulses
- Controlled Release Fertilizers for Fruits & Vegetables
- Controlled Release Fertilizers for Other Crops
Country-wise Analysis
High Demand Growth in U.S on back of Non-Agricultural Applications?
From the regional perspective, the U.S accounts for over 1/4th revenue in the global market for controlled release fertilizers. This region has been identified for its consistent growth in quality of fertilizers and has provided potential market opportunities.
Non-agricultural applications, which include golf courses, turf gardens and lawns, are boosting demand in the country. According to the National Golf Foundation, around 2 million acres of land in the United States is being used as golf courses. This is creating immense opportunities for controlled release fertilizers to be used for continuous nutrient supply.
Furthermore, strict rules and regulations regarding fast food consumption is accelerating the consumption of crops and lentils in the region. Health benefits of vegetarian and vegan food is another reason for the increasing demand for crops. This, in turn, is increasing the sales of controlled release fertilizers. Thus, a 40% market share for controlled release fertilizers in the upcoming forecast period is projected for the U.S market.
Reasons to choose a Fact.MR:
- Exhaustive research regarding the market to offer A to Z information.
- Digital technologies to provide innovative business solutions to clients.
- 24/7 availability of services.
- Interaction with suppliers, vendors, and service providers for a precise market landscape.
- Reports tailored as per the requirements of the clients.
Read More Insights: https://www.factmr.com/report/4565/controlled-release-fertilizer-market
About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: [email protected]
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
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 Breath Analyzers Market report additionally states import/trade utilization, free market activity figures, cost, value, volume and gross edges.
Global breath analyzers market is registering a healthy CAGR of 31.21% in the forecast period of 2019-2026.
The report contains data from the base year of 2018 and the historic year of 2017.Grab Sample Report + All Related Tables & Charts of Global Breath Analyzers Market Study Now @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-breath-analyzers-marketMarket Definition: Global Breath Analyzers MarketBreath analyzers are the devices which are used to analyze the concentration of alcohol in the blood.
Breath analyzers are regarded as the most efficient and most widely used devices for detection of drugs, alcohol, asthma and tuberculosis detection Top Manufacturers Covered in the Report:Few of the major market competitors currently working in the global breath analyzers market are Abbott, Thermo Fisher Scientific, Lifeloc Technologies Inc., Quest Products, Inc., BACtrack, Drägerwerk AG & Co. KGaA, Intoximeters, Alcolizer Pty Ltd., Breathalyzers, Akers Biosciences, Inc., Alcohol Countermeasure Systems Corp, Bedfont Scientific Ltd., PAS Systems International Alcohol Sensor Systems, CMI Inc., MD Diagnostics Ltd – The Breath Test Experts, FAN GmbH, Newline Interactive Inc., Hanwei Electronics Group Corporation, Mangal Security Products, Electronic Sensor Technology, INTECH Group, RTP Company and Amrutha Technologies among others.
Recent Developments in the Market:In March 2018, Owlstone Medical had launched its Breath Biopsy Kits.
These devices measure accurate ammonia levels in eight breaths.
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.
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.
