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Controlled Release Fertilizer Market is anticipated to expand at a compound annual growth rate (CAGR) XX% from 2021 to 2031
Controlled Release Fertilizer Market
Controlled release fertilizer is a fertilizer that is released slowly over time. This type of fertilizer is often used in agriculture, where it can be applied to the soil before planting and then slowly released over the growing season. This allows farmers to provide a consistent supply of nutrients to their crops without having to reapply fertilizer every few weeks.
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Key Trends
The key trends in controlled release fertilizer technology are the development of new materials and the improvement of existing materials. New materials include those that are more biodegradable, have higher nutrient release rates, and are more resistant to leaching. Improved materials include those that have better physical and chemical properties, such as higher nutrient release rates and improved water retention.
Key Drivers
The key drivers of the controlled release fertilizer market include the need for efficient and sustainable agricultural practices, the need to reduce the environmental impact of fertilizer use, and the need to improve crop yields. The use of controlled release fertilizers can help farmers to reduce the amount of fertilizer used, to reduce the environmental impact of fertilizer use, and to improve crop yields. The use of controlled release fertilizers can also help to reduce the cost of fertilizer use.
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Market Segments
The controlled release fertilizer market bifurcated on the basis of type, application and region. On the basis of type it is segmented into slow release, nitrogen stabilizers, coated & encapsulated, and others. By application, it is spread across grains & cereals, pulses & oilseeds, commercial crops, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Key Market Players
The controlled release fertilizer market report includes players such as SQM, Helena Chemical, Koch Industries, Kingenta, ICL Group, Nufarm Ltd, AGLUKON, Nutrien, Haifa Group, and Yara International.
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