Controlled-Release Fertilizers Market is expected to grow at a CAGR of 7.1% during the forecasted period | Evolve Business Intelligence

Key Highlights:
• The global Controlled-Release Fertilizers Market size was valued at USD 3.1 billion in 2023 growing at a CAGR of 7.1% from 2023 to 2033.
• North America dominated the market in 2023
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033

As per the study initiated by Evolve Business Intelligence, the global Controlled-Release Fertilizers Market size accounted for USD 3.1 Billion in 2023, growing at a CAGR of 7.1% from 2023 to 2033. Controlled-release fertilizers (CRF) are a type of fertilizers designed to release nutrients gradually over an extended period, providing a more controlled and sustained nutrient supply to plants. This is in contrast to traditional fertilizers, which often release their nutrients rapidly, leading to potential nutrient leaching and inefficient nutrient utilization by plants.

Request/Download PDF Sample: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=021804

The world's population is continually increasing, leading to an increased demand for food. Controlled-release fertilizers offer a more efficient way to supply nutrients to crops, improving agricultural productivity to meet the food demands of a growing population. There is a growing awareness of the environmental impact of traditional fertilizers, including issues such as nutrient runoff, soil degradation, and water pollution. Controlled-release fertilizers are considered more environmentally friendly as they reduce nutrient losses and offer a more sustainable approach to agriculture. Many governments around the world are implementing regulations to address environmental concerns related to agriculture. The use of controlled-release fertilizers aligns with these regulations as they help minimize the environmental impact of nutrient runoff.

Key Players
Some of the major Controlled-Release Fertilizers Market players holding high market shares include SQM, Yara International ASA, Nutrien Ltd, ICL Group, Ekompany International BV, Helena Chemical Company, and JNC Corporation. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Koch Industries, AGLUKON, Pursell Agri-Tech, The Mosaic Company, ScottsMiracle-Gro, Nufram Lts, Kingenta, Haifa Chemicals

For More Information: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=021804

Segmental Analysis
Based on type, the Controlled-Release Fertilizers market is segmented into slow-release, Nitrogen stabilizers, Coated, and encapsulated. Slow-release fertilizers are the most popular type of controlled-release fertilizers because they offer a balance of nutrient availability and environmental sustainability. They release nutrients over an extended period, which reduces the risk of nutrient leaching and groundwater contamination. Slow-release fertilizers also improve nutrient uptake by plants, which can lead to increased crop yields.
Based on application, the Controlled-Release Fertilizers market is segmented into Foliar, Fertigation, Soil, and Others. Soil application is the most common method of applying controlled-release fertilizers because it is the most efficient way to deliver nutrients to the plant roots. Soil application also reduces the risk of nutrient runoff and volatilization.
Based on end-use, the Controlled-Release Fertilizers market is an Agricultural and non-agricultural. The agricultural sector is the largest user of controlled-release fertilizers because of the need to improve nutrient use efficiency and reduce environmental impact. Controlled-release fertilizers are particularly well-suited to high-value crops, such as fruits and vegetables, where the cost of fertilizers is a significant factor.

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

Evolve Business Intelligence
C-218, 2nd floor, M-Cube
Gujarat 396191
India
Email: sales@evolvebi.com
Website: https://evolvebi.com/

Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.

This release was published on openPR.