Press release
Global Controlled-Release Compound Fertilizer Market By Leading Players ICL, AGLUKON Spezialdünger GmbH & Co. KG, COMPO EXPERT, Ekompany, Haifa Chemicals Ltd., Kingenta, and The Scotts Company LLC
The growing problems of global food security continue to cause problems for the fertilizer industry to provide improvised and effective products. The improvised fertilizers effectively increase the availability of nutrients for the plant by reducing their loss in the environment. Slowly release nutrients or convert them into different ways to reduce losses. Controlled and slow-release fertilizers cover most fertilizers with improved efficiency.
Controlled release fertilizers are coated organically or inorganically, which controls the speed, duration and release of nutrients, while slow release fertilizers release nutrients in a timely manner and without any other control. These are essentially nitrogen products decomposed by microbes. The duration and mode of release cannot be controlled as microbes do. According to the AAPFCO (Association of US Plant Protection Officials), there is no official demarcation between slow-release and controlled-release fertilizers, which is why they are considered controlled fertilizers with a single release and a slow release.
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Controlled-Release Compound Fertilizer Market Drivers and restrictions:
Slow-release and controlled fertilizers prolong the time of absorption of nutrients and, therefore, offer better performance than conventional fertilizers. Other beneficial factors in the use of controlled release and slow release fertilizers are low labor costs, improved nutrient efficiency and low risk of use. Population growth is an important factor in increasing global food demand. The preference for controlled and slow-release fertilizers over conventional fertilizers is due to their efficient production capacity, low labor costs and ease of use compared to conventional fertilizers. The ecological properties of slow-release and controlled-release fertilizers create more markets around the world through global green procurement initiatives.
The excessive use of fertilizers is the main cause of the burning of fertilizers, and with controlled fertilizers and slow release, this risk can be minimized. The development of new technologies to optimize production costs, government initiatives and investments in this sector should play a key role in expanding the market of controlled and slow-release fertilizers. On the contrary, conventional fertilizers have a strong competitive advantage over controlled and slow-release fertilizers.
Production practices and the availability of conventional fertilizers are better than controlled and slow-release fertilizers. Conventional fertilizers already represented a large part of the market. They benefit from the dominance of the market due to the subsidies granted and the increase in the customer base, which is a major obstacle for the market of controlled and slow-release fertilizers. The complex production process is another limitation for the world market of controlled release and slow release fertilizers.
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Geographic Segmentation:
On the basis of geography, Global Controlled-Release Compound Fertilizer Market has been divided into various areas like Europe, North America, Asia-pacific, and Middle East & Africa. North America is leading the worldwide market, followed by Europe. The main companies of Global Controlled-Release Compound Fertilizer Market are BASF SE (Germany), Nutrien Ltd. (Canada), Yara International ASA (Norway), Koch Agronomic Services, LLC. (U.S.), ICL (Israel), AGLUKON Spezialdünger GmbH & Co. KG (Germany), COMPO EXPERT (Germany), Ekompany (Netherlands), Haifa Chemicals Ltd. (Israel), Kingenta (China), and The Scotts Company LLC (U.S.).
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Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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