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Controlled Release Fertilizers Market Trends - Industry Share, Size Report 2024 | Nufarm, EuroChem, Haifa Group, Kingenta Ecological Engineering Group Co., Ltd, Central Glass Ltd, GreenFeed VN
Controlled Release Fertilizers Market
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Changing climatic conditions and drought conditions prevailing throughout the world because of low and untimely rainfall is increasing the requirement for sustainable agriculture. By 2030, close to 90% of the major crops are forecast to experience a reduced or stagnant growth because of climate changes. This will result in a dramatic surge in average crop price. Rice, for instance, is slated to undergo 18% to 25% decrease in growth rate and close to 90% increase in the from 2016 to 2024. Sustainable farming to improve the soil productivity even in non-friendly climatic conditions, will drive the global controlled release fertilizers market.
Rising gardening and landscaping demand in China, Japan, and India, will likely provide a growth opportunity to the Asia Pacific controlled release fertilizers market. By 2024, lawn and garden consumables in Asia Pacific will surpass USD 4 billion. Increasing disposable income and rising awareness about plantation and organic farming for ecological sustainability will account for the change of trend in the forecast timespan.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. ATS
2. AgroBridge
3. HIF Tech Sdn Bhd
4. GreenFeed VN
5. Haifa Group
6. Hanfeng Evergreen
7. Nufarm
8. EuroChem
9. COMPO EXPERT GmbH
10. Kingenta Ecological Engineering Group Co., Ltd
11. Central Glass Ltd
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1112
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.
Controlled Release Fertilizers Market By Product
• Polymer sulfur coated urea/sulfur coated urea
• Polymer coated urea
• Polymer coated NPK
• Others
Controlled Release Fertilizers Market By Application
• Cereals & grains
• Oilseeds & pulses
• Fruits & vegetables
• Others
Browse key industry insights spread across 134 pages with 146 market data tables & 16 figures & charts from the report, “Controlled Release Fertilizers Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/controlled-release-fertilizers-market
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.
Asia Pacific recorded over $1 billion in product revenues and the region is likely to garner a significant chunk of the controlled release fertilizers market share in coming years on the account of rising demand.
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