Press release
Controlled Release Fertilizer Market: North America to Lead the Global Market through 2028
Fertilizers consumption has received a significant uptick with the addition of controlled release fertilizers. However, higher cost of these fertilizers have limited their consumption to countries with greater purchasing power. Led by China, the U.S., Western Europe and Japan, global controlled release fertilizers market is forecast to surpass US$ 4.5 Bn by 2029, reveals Fact.MR in a recently published report. China’s controlled release fertilizers consumption, in particular, has been growing substantially in the past decade, and is anticipated to rise at a CAGR of around 10% during forecast period. Unmatched benefits of Controlled Release Fertilizers over other fertilizers such as the gradual release of nutrients into the soil, have fetched notable traction over the past half of a decade, says Fact.MR.For detailed insights on enhancing your product footprint, request for a sample here@ https://www.factmr.com/connectus/sample?flag=S&rep_id=4565
Key Takeaways of Global Controlled Release Fertilizers Market
Sulfur coated urea / polymer sulfur coated urea is an established market for controlled release fertilizers, which is poised to reflect positive growth of over 6% till 2029
Demand for controlled release fertilizers for cereals & grains in 2029, is anticipated to increase 1.5X from that of 2019, as demand for protein based food is experiencing an upward trend globally
Fruits & vegetables account for over 40% of market share, which is poised to reflect the highest growth vis-a-vis other crop types
North America is a matured market for controlled release fertilizers, and accounts for just over one quarter of the market share
For critical insights on this market, request for methodology here@ https://www.factmr.com/connectus/sample?flag=RM&rep_id=4565
East Asia, South Asia & Oceania are the next growth epicenters for controlled release fertilizers owing to significant contribution in agricultural production from these regions
Controlled release fertilizers market is highly fragmented, with Yara International, Harell’s LLC, and Nutrien, among few of the prominent manufacturers. Players in market are targeting sales in regional markets on the back of sustainable agricultural practices
“The demand for controlled release fertilizers for optimal crop development has increased over the years. Availability of less expensive nitrogenous fertilizers along with the trend of using large chunks of fertilizers to gain high crop yield, are set to hamper the global market.” says a Fact.MR analyst.
For comprehensive insights on this market adoption, ask an analyst here@ https://www.factmr.com/connectus/sample?flag=AE&rep_id=4565
High Demand Growth in US on back of Nonagricultural Applications
United States has been a significant market for controlled release fertilizers. Nonagricultural applications which include golf courses, turf gardens and lawns, are boosting demand in the United States. Around 2 million acres of land in the United States is being used as golf courses. This is creating immense opportunities for controlled release fertilizers to be used for continuous nutrient supply.
Controlled release fertilizer Market: In-depth Analysis on Competitive Landscape
The report sheds light on the leading manufacturers of the controlled release fertilizer along with their detailed profiles. Essential and Up-to-date data information related to the market performers, who are principally engaged in the production of the controlled release fertilizer, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which includes essentials such as product portfolio, key strategies along with an all-inclusive SWOT analysis on each player. Company presence is mapped and presented through the matrix for all the prominent players thus providing the readers with actionable insights, which helps in thoughtfully presenting market status, and predicting the competition level in controlled release fertilizer market. Prominent companies operating in the global controlled release fertilizer market, include Nutrien, Yara International, Haifa Group, Eurochem Agro Gmbh, HIF Tech Sdn Bhd and JNC Corporation (Chisso)
Read More Trending and Similar Reports from Fact.MR – http://www.globenewswire.com/en/news-release/2019/05/07/1818263/0/en/Alkyl-Polyglucoside-Sales-Surge-with-Demand-from-Homecare-Industry-for-Surfactants-with-Improved-Biodegradability-finds-Fact-MR-Study.html
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