Increased Population in Asia Pacific Provides Fertile Ground for Controlled Release Fertilizers Sales, says TMR

The market for controlled release fertilizers in Asia Pacific is witnessing an immense rise, thanks to the growing need for food. The rapidly increasing population in this region has fueled two important needs of humans, food and shelter, which has resulted in less arable land but more people to feed.

Farmers and agriculturists are using advanced products and specialty fertilizers such as controlled release fertilizers to heighten crop yields from the limited farming land available across Asia Pacific. They are also focusing on modernizing their farming methods to boost harvest with the help of these fertilizers in order to fulfill the ever-rising demand for food.

The market opportunity in controlled release fertilizers in Asia Pacific, which stood at US$1.1 bn in 2014, is projected to rise at a CAGR of 7.20% from 2015 to 2023 and reach US$2.1 bn by the end of 2023.

Request Sample Report:

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=9644

China and India Lead Consumption of Controlled Release Fertilizers in Asia Pacific

The Asia Pacific controlled release fertilizers market is led by China and India. In 2014, China accounted for the majority share of the overall consumption of controlled release fertilizers and was closely followed by India and Japan. Together, these countries held a share of around 87% of its overall demand in this region that year.

Over the coming years, the demand for controlled release fertilizers is expected to increase at a faster rate than conventional fertilizers in these countries. However, the lack of awareness regarding the benefits offered by these fertilizers and their high cost will limit their application in other regions, which is why they are likely to witness a moderate growth in their adoption in the agriculture and the horticulture sectors.

For More Industrial Insights Get PDF Brochure:

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=9644

Controlled Release Fertilizers Find Maximum Application in Cereals and Pulses

Controlled release fertilizers are heavily utilized in the cultivation of oilseeds and pulses, cereals and grains, and fruits and vegetables. These fertilizers are also used to grow turf and ornamental plants. Among these, farmers mostly use these fertilizers in cereals and grain crops.

As cereals and grain are one of the most important parts of traditional diets in Asia Pacific – they hold almost two-third share of the overall calorie intake of an average Asian person – local farmers and agriculturists are being encouraged to uptake sustainable agriculture practices in order to increase their production with the efficient usage of specialty fertilizers such as controlled release fertilizers.

In 2014, the revenue generated by the application of controlled release fertilizers in cereals and grain attained a value of US$0.7 mn. Rising at a CAGR of 7.40% from 2015 to 2023 it is expected to reach US$1.3 mn by the end of the forecast period.

For More Information Please Visit:

https://globenewswire.com/news-release/2018/11/13/1650344/0/en/Global-Controlled-Release-Fertilizers-Market-Aggressive-Growth-in-Food-and-Beverages-Industry-to-Push-the-Market-TMR.html

The Asia Pacific market for controlled release fertilizers demonstrates a moderately consolidated structure. ATS Group, Eurochem Agro Gmbh, Shikefeng Chemical Industry Co. Ltd., Kingenta Ecological Engineering Group Co. Ltd., Nufarm Ltd., Central Glass Co. Ltd., Haifa Chemicals Ltd., Compo Gmbh & Co. KG, Hif Tech Marketing Sdn. Bhd., Greenfeed Agro Sdn Bhd, Hanfeng Evergreen Inc., and AgroBridge are the major manufacturers of controlled release fertilizers in Asia Pacific.

ABOUT US:
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.