The global demand for Controlled-Release Fertilizers Market is presumed to reach the market size of nearly USD XX MN by 2027 from USD XX MN in 2020 with a CAGR of XX% under the study period of 2021 - 2027. Regarding volume, the market was calculated XX KiloTon in 2020 and forecast to touch XX KiloTon by 2027 with a CAGR of XX% during 2021-2027.
Slow-release fertilizers, also known as controlled-release fertilizers (CRF), are granules coated in a substance that reduces nutrient release time, eliminates the need for constant fertilization, and has a higher efficiency rate than soluble fertilizers. Controlled-release fertilizers are more ecologically friendly than commercial fertilizers because they release nutrients slower, allowing plants to retain more nutrients. CRFs are extensively used in agricultural and horticultural crops around the world. According to scientific evidence, growers can achieve higher production and higher quality with coated fertilizers. These fertilizers produce results that are at least as good as standard fertilization while using less fertilizer, sometimes up to 25% less, while leaching fewer nutrients and requiring fewer application passes.
The rising demand for highly efficient fertilizers and high-value crops, favorable government regulations, and an increase in the number of investments from key market players are the factors driving the CRFs market. Farmers are concentrating on increasing crop yield and are hence willing to use new farming methods. In contrast with conventional fertilizers, the use of controlled-release fertilizers reduces nitrogen loss and requires less fertilizer application. As a result of the lower cultivation cost, the profit realized by farmers rises in conjunction with the crop output. The factors mentioned above significantly contribute to the growth of the market. Nevertheless, the dearth of qualified personnel and the supply of less effective counterfeit items are the key challenges that hamper the market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of controlled-release fertilizers. The growth and trends of Controlled-Release Fertilizers Industry provide a holistic approach to this study.
This section of the controlled-release fertilizers market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By End Use
- Coated & Encapsulated
- Nitrogen Stabilizers (N-Stabilizers)
- Foliar Application
This section covers the regional outlook, which accentuates current and future demand for the Controlled-Release Fertilizers market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Controlled-Release Fertilizers Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the controlled-release fertilizers market include Aglukon, Nutrien Ltd., Yara International ASA, Agrium, Compo Expert, Haifa Chemicals, Helena Chemical, Jcam Agri., Kingenta, Koch Industries, SQM, Scottsmiracle-Gro. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
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