Press release
Controlled Release Fertilizers Market Top Key Industry Players: ATS, Hanfeng Evergreen, Nufarm, EuroChem, COMPO EXPERT GmbH, Yara International, Ltd, Central Glass Co., Inc., GreenFeed VN, Agrium, Kingenta
Global Market Insights, Inc.
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The exponentially escalating populace coupled with low availability of cultivable land will push Controlled Release Fertilizers Market growth. Global population was estimated at 7.3 billion in 2015 and is anticipated to cross the 8 billion mark by 2024. The relative decline in mortality rates has resulted in the diminution of the plowable land, which has led to greater emphasis on high quality fertilizer production to make the land more fertile. A fertile land leads to better crop yield, which will stimulate controlled release fertilizers market. Growing global requirement for food along with rising preference for environment-friendly fertilizers will drive the industry trends. According to Global Market Insights, Inc., “Controlled Release Fertilizers Industry, which accumulated a revenue of USD 2.4 billion in 2015, is intended to hit USD 3.9 billion by 2024.”
Higher cost of the specialized grades as compared to conventional urea or NPK grades will obstruct the controlled release fertilizers market growth rate up to 2024. This restrains the product application from economically deficient farmers and agriculturists. Lack of product awareness among farmers around the world also limits the industry growth to a certain extent. However, growing awareness combined with agro-based government initiatives could help bridge this gap and boost demand for the product in coming years.
Polymer sulfur coated urea or sulfur coated urea is a noteworthy product segment with over 40% share of the global controlled release fertilizers market and will see in excess of 6% growth. Cereals & grains recorded a revenue over USD 900 million in controlled release fertilizers usage in 2015. Significant demand for cereals & grains in food products is likely to boost controlled release fertilizers market over the duration of the forecast period.
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Partial Chapter of the Table of Content
Chapter 3 Controlled Release Fertilizers Industry Insights
3.1 Controlled release fertilizers Industry Segmentation
3.2 Industry Size and forecast, 2013 - 2024
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.3.2 Distributor matrix
3.4 Controlled release fertilizers industry Impact forces
3.4.1 Growth drivers
3.4.1.1 Increasing demand for better yield crops
3.4.1.2 Shift toward sustainable agriculture
3.4.2 Industry pitfalls and challenges
3.4.2.1 Lack of awareness and high cost compared to conventional chemical fertilizers
3.5 Growth potential analysis
3.6 Porter’s analysis
3.7 Company market share analysis, 2015
3.7.1 Strategic landscape
3.8 PESTEL analysis
3.9 Regional price trends
3.9.1 Cost structure analysis
3.9.2 Raw material trends
3.10 Regulatory trends
3.10.1 U.S.
3.10.2 Europe
3.10.3 China
Chapter 4 Controlled Release Fertilizers Product Insights
4.1 Controlled release fertilizers market share by product, 2015 & 2024
4.2 Polymer sulfur coated urea/sulfur coated urea
4.2.1 Global market estimates and forecast, 2013 - 2024
4.2.2 Global market estimates and forecast, by region, 2013 - 2024
4.3 Polymer coated urea
4.3.1 Global market estimates and forecast, 2013 - 2024
4.3.2 Global market estimates and forecast, by region, 2013 – 2024
4.4 Polymer coated NPK fertilizer
4.4.1 Global market estimates and forecast, 2013 - 2024
4.4.2 Global market estimates and forecast, by region, 2013 – 2024
4.5 Others
4.5.1 Global market estimates and forecast, 2013 - 2024
4.5.2 Global market estimates and forecast, by region, 2013 – 2024
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Low crop production and fluctuating seasonal cycles have shifted the focus of landowners toward eco-friendly farming, which will positively affect controlled release fertilizers market revenue. Global food requirement is expected to depict a rise of 35% by 2030 and over 75% of the requirement will be satisfied solely by improving the fertility of land. This, in turn, will raise the demand for the resilient fertilizers to enhance the land productivity and increase the production of crops. Cultivable land per individual is estimated at less than 0.2 hectares and the land potency should be 50% to satisfy the global food requirements.
Compo GmbH, Israel Chemicals Limited, Yara International ASA, BASF SE, Haifa Chemicals Corporation, Kingenta Ecological Engineering Gp Company Limited, Greenfeed Agro Sdn. Bhd., Agrium Incorporation, Specialty Fertilizers, and The Scotts Miracle-Gro Company are the major participants of controlled release fertilizers industry.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Corporate Sales, USA
Global Market Insights, Inc.
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