Global Controlled Release Fertilizer Market - Growth, Trends and Forecasts (2017 - 2022)
Global Controlled Release Fertilizer market is estimated to grow at a CAGR of 6.7% during the forecast period 2016-2021 from an estimated market value of $2739.5 million in 2015. Controlled release fertilizer is a type of fertilizer that contains plant nutrient in a form that delays availability for plant uptake and use after application.
Controlled release fertilizers are part of a broad segment-enhanced efficiency fertilizers. These kind of fertilizers are available to the plants for a significantly longer period of time. These granulated fertilizers release nutrients gradually into the soil. Most controlled release fertilizers are used in agriculture and horticulture applications.
Increasing demand for high-efficiency fertilizers, shrinking farm land and land productivity, and environment friendly operation mode of the fertilizers are the key factors driving the market demand for controlled release fertilizers globally. Growing demand from developing regions and increased government and industry support would help in sustaining the market growth in the forecast period. However, regulatory and environmental constraints for some coated products and high manufacturing cost are creating obstacles for market growth.
The global controlled release fertilizer market is classified by type, application and geography. In term of product type, the market is broadly classified into Chemical Condensation Products, Coated and Encapsulated Fertilizers, Nitrogen Stabilizers and others. By application, the usage of fertilizers is explained based on crops and non-crops. Crop based application in fruits and vegetables is reported to be more for the industry.
North America is the largest market for controlled release fertilizer products which is then followed by Europe and Asia-Pacific. Due to increased demand for food and shortage of arable land, Asia-Pacific region would grow at the highest CAGR. Country wise, United States and China are the largest markets for this fertilizer.
The global market for controlled release fertilizers is characterized with intense competition with the large number of big and small players. Agrium, Yara International, Israel Chemicals Ltd. (Israel), The Scotts Miracle-Gro Company and ICL Specialty Fertilizers are some of the big players in controlled release fertilizer industry. New product development, acquisitions and expansion are seen as the major strategies followed by major players for market growth.
In this report we offer,
Market analysis for the Global Controlled Release Fertilizer Market, with region specific assessments and competition analysis on global and regional scales.
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the Global Controlled Release Fertilizer Market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.