Press release
Controlled Release Fertilizers Market Growth by Key Players: Yara International, Greenfeed Agro, Agrium, Inc., Israel Chemicals, Haifa Chemicals, Scotts Miracle-Gro, ICL Specialty Fertilizers, Kingenta
Controlled Release Fertilizers Market
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The product with its characteristic of efficient controlled release of nutrients will revolutionize the agriculture sector globally. Rising health issues will also promote the use of the product. Asia Pacific is estimated to hold the largest share of the product in the market with a revenue crossing USD 2 billion by 2024. North America is expected to hold more than one-fifth of the global share of the product in terms of volume by 2024.
The world is experiencing population explosion at an exponential rate. The arable land is being exhausted with more commercial and residential buildings coming up. The earth resources are being depleted which has driven the demand for controlled release fertilizers. The rising population has increased the demand for food which in turn has propelled the product market. The eco-friendly nature of the product has also contributed to the rising trajectory of its demand.
Fertilizers are an integral part of the crop cultivation process. They play an important role According to Food and Agriculture Organization, it is estimated that fertilizers can increase per unit grain produce by 55 - 57%. Governments in countries like China have laid stress on the use of the product which will have a positive impact on the product market over the forecast period. Increased venture funding and private investments in this industry will also have a positive impact on the development of the product Controlled release fertilizers market.
Concerns associated with irrational use of conventional fertilizers such as nitrogen depletion in the soil has accelerated the need of the product. Sustainable agriculture has become the need of the hour, through which environment safety standards are met and the cost involved in farm operations are also reduced. This will create a rising demand for the product in the coming years.
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Controlled Release Fertilizers Market By Product
• Polymer sulfur coated urea/sulfur coated urea
• Polymer coated urea
• Polymer coated NPK
Controlled Release Fertilizers Market By Application
• Cereals & grains
• Oilseeds & pulses
• Fruits & vegetables
The factors which can impede the Controlled release fertilizers market are the lack of information about the product and the inflated cost involved as compared to conventional fertilizers.
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The market for controlled release fertilizers is highly competitive with companies involved in strategic partnerships and mergers. Some of the major companies involved in manufacturing of the product are Greenfeed Agro Sdn Bhd, ATS Group, Israel Chemicals, AgroBridge, Yara International, Haifa Chemicals Ltd., Central Glass Co., Ltd., Eurochem Agro Gmbh, Agrium, Inc., ICL Specialty Fertilizers, Scotts Miracle-Gro, Kingenta Ecological Engineering Group Co., Ltd., etc.
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Construction Chemicals Market Size By Product (Asphalt Modifiers, Concrete Admixture [Chemicals {Superplasticizers, Normal Plasticizers, Accelerating Agents, Retarding Agents, Air-Entraining Agents, Waterproofing Admixtures}, Minerals {Rice Husk Ash, Fly Ash, Granulated Blast Furnace Slag, Silica Fume}], Adhesives, Sealants, Protective Coatings), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024
https://www.marketwatch.com/press-release/construction-chemicals-market-in-asia-pacific-to-reach-usd-14-billion-by-2024-2018-10-03
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