Press release
Controlled Release Fertilizers Market Gearing for Growth Strategies for Exploiting Future Market Size Trends
Controlled Release Fertilizers Market
ππ¨π°π§π₯π¨ππ πππ¦π©π₯π πππ ππ¬ π¨π πππ¬πππ«ππ‘ ππ―ππ«π―π’ππ°: https://www.alliedmarketresearch.com/request-sample/31857
Drivers and Opportunities
The market growth is driven by several factors:
- Increasing demand for agricultural products due to population growth.
- Rising adoption of controlled and slow-release fertilizers.
Environmental concerns associated with conventional fertilizers.
- The necessity for improved crop yields.
However, the high cost of controlled and slow-release fertilizers, driven by advanced production technologies, and a lack of awareness among farmers about their benefits, hinder market growth. Nonetheless, increased investments in sustainable and eco-friendly fertilizers in developing markets offer new growth opportunities.
Market Segmentation
By Type
Coated and Encapsulated: This segment held nearly half of the market share in 2021 and is expected to dominate during the forecast period. Growth is fueled by high-value crop demand and increasing fertilizer production globally.
Slow Release: Expected to witness the fastest CAGR of 6.9% from 2022 to 2031, driven by growing demand from the agricultural sector in developing economies like China and India.
By Mode of Application
Soil: Held the largest share of over one-third of the market in 2021. Growth is driven by increasing food demand and the need to enhance crop yield.
Others: Projected to exhibit the highest CAGR of 7.2% by 2031, due to the advantages of water-soluble fertilizers over conventional types.
By End Use
Non-agricultural: Dominated the market with nearly two-thirds share in 2021. Demand is driven by the need for feedstock for electricity and fuel production.
Agricultural: Expected to have the highest CAGR of 7.1% by 2031, driven by increasing agricultural product demand due to population growth.
Regional Insights
Asia-Pacific: Accounted for nearly three-fifths of the global market in 2021 and is anticipated to maintain the fastest CAGR of 6.9% through 2031. The region's market growth is propelled by the rising population and food demand, encouraging the use of advanced fertilizers to improve crop yields.
Leading Market Players
Key players in the market include:
Yara International ASA
Nutrien Ltd.
The Mosaic Company
ICL Group
Nufarm Ltd.
Kingenta
ScottsMiracle-Gro
Koch Industries
Helena Chemical Company
SQM
JNC Corporation
Haifa Chemicals
AGLUKON
Pursell Agri-Tech
Ekompany International BV
πππππ’π§ πππ©π¨π«π πππππ’π₯π¬: https://www.alliedmarketresearch.com/controlled-release-fertilizers-market-A31407
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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