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Controlled Release Fertilizers Market Demand, Growth Projection by 2024 | ATS Group, AgroBridge, HIF Tech Sdn Bhd, Haifa Chemicals, Hanfeng Evergreen., Nufarm
Controlled Release Fertilizers Market
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This advanced report on the controlled release fertilizers market includes of an in-depth overview of this business sphere. Alongside, details of the present market size and status have been given. The report aims to provide substantial updates on the market, pertaining to the development status as well as the latest trends characterizing the market.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. ATS
2. Agro
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
In a bid to respond to the food supply-demand imbalance challenges, an immediate need of increasing the crop yields, is pushing Controlled Release Fertilizers Market globally. An inversely proportional relation of population growth and per capita cultivated land has led the necessity to that level that majority agronomists around the world are shifting toward long lasting fertilizers that enable better productivity. An estimation of WHO depicts that 50% per hectare agricultural output needs to be increased to feed the growing population.
The estimates pertaining to the CAGR (Compound Annual Growth Rate) has been calculated by the Global controlled release fertilizers market 2019 report with respect to the extent of the specific time duration. Industry specialists that have been evaluating the business environment are also likely to take a closer look at the alignment of the organization as well as the firm's business structure. This data that has been collected has been done so based on the high-quality insights and market structures and more.
Based on the product trends, controlled release fertilizers industry is classified into polymer coated urea, polymer sulfur coated urea, polymer coated NPK, and sulfur coated urea. Polymer sulfur coated urea, which collected a revenue of USD 1 billion in 2015, will surpass USD 1.75 billion by 2024. It is set to grow at a rate of 6% over the period of 2016-2024 and will make substantial contributions towards global controlled release fertilizers market size.
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A SWOT analysis of the market has been presented in the report. The controlled release fertilizers market study also explores varied topics such as the regional market scope, products, suitable applications, market size pertaining to the individual product type, revenue and sales with respect to the region, manufacturing chain details, production cost analysis, an analysis of the parameters impacting the business, market size projection, etc.
Taking into consideration the topographical trends, Asia Pacific controlled release fertilizers market, worth USD 1 billion in 2015, is anticipated to grow at an annual rate of 7% over the coming timeframe. Introduction of new intensive farming techniques along with high product efficiency will substantially contribute toward industry growth. High food requirements due to population explosion will also lead to a revenue increase. Farmers across the APAC region have become increasingly knowledgeable about the benefits of organic farming. The per capita income of APAC citizens has also increased in the last few years. Both the aforementioned factors are expected to push APAC controlled release fertilizers industry growth. India, Japan, and China are likely to be the major regional revenue pockets.
The regional segmentation covers:
o Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)
o North America Region (U.S., Canada, Mexico)
o South America Region (Argentina, Brazil, Columbia, Rest of South America)
o Asia-Pacific Region (China, South Korea, Japan, Southeast Asia, India, Rest of Asia-Pacific)
o The Middle East & Africa Region (UAE, Saudi Arabia, Nigeria, South Africa, Egypt, Rest of MEA)
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Europe controlled release fertilizers market revenue, which was estimated at USD 170 million in 2015, is forecast to grow at a rate of 2% over the period of 2016-2024.
Although comparatively higher price trends of these controlled release fertilizers may hamper the growth of the market, however rising need of sustainable farming to mitigate the catastrophic impact of changing climatic conditions will boost the demand for controlled release fertilizers industry. Some of the key players actively participating in controlled release fertilizers industry include Greenfeed Agro, Israel Chemicals, Agrium, Inc., Haifa Chemicals, and Yara International.
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