Press release
Controlled Release Fertilizers Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023
Controlled Release Fertilizers Market
Increasing demand for high-efficiency fertilizers, shrinking farmland and land productivity, and environment-friendly operation mode of these fertilizers are the key factors driving the market demand for controlled release fertilizers. Gradual increase in global population, rising demand for productivity of crops are expected to accelerate the growth of controlled release fertilizers market. As per to the report of Food and Agriculture Organization, arable land ratio has been dropped to 0.197 hectares/person globally in 2013. However, regulatory and environmental constraints for some coated products and high manufacturing costs restrain the market.
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The controlled release fertilizers are classified on the basis of product type, application and geography.
Based on the product type, controlled release fertilizers is segmented as
• Polymer coated NPK fertilizer
• Polymer sulphur coated urea/sulphur coated urea
• Polymer coated urea
Based on the application, controlled release fertilizers is segmented as
• Fruits & vegetables
• Cereals & grains
• Oilseeds & pulses
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Controlled release fertilizers are highly used in cultivation of pulses, cereals, grains, fruits and vegetable and oil seeds. Controlled release fertilizers can also be used for growing ornamental and turf plants. Mostly farmers use Controlled release fertilizers in grains and cereals crops. Market players of controlled-release fertilizers are adopting various growth strategies like acquisitions, new product launches, collaborations and geographical expansions and investments in order gain the upper hand in the Controlled release fertilizers market.
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On the basis of geographical regions, controlled release fertilizers market is classified as into five key regions as Europe, Asia- Pacific, North America, Middle East & Africa and Latin America. U.S. controlled release fertilizers market is expected to dominate the regional revenue share owing to adoption of sophisticated agriculture technologies and inclination towards novel cultivation technologies in production of cereals and grains. Europe is the largest producer of Fruits and Vegetables, hence, it is anticipated to witness healthy growth in controlled release fertilizers market. Asia-Pacific region is expected to be fastest-growing market due to the shortage of arable land in countries in APAC particularly in developing countries such as India, China.
Some of the players in controlled release fertilizers Kingenta Ecological Engineering Group Co. Ltd. (China), EuroChem Agro Gmbh (Germany), Yara International ASA (Norway), Haifa Chemicals Ltd. (Israel), Agrium, Inc. (Canada), The Chisso Corporation (Japan), The Scotts Miracle-Gro Company (Ohio) Nufarm Ltd. (Australia), and Israel Chemicals Ltd. (Israel).
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