Controlled Release Fertilizers Market Size By Type, By Application Method, By Crop Type, By Geographic Scope, Competitive Landscape Forecast


Posted March 17, 2020 by jennysmith

Controlled Release Fertilizers Market was valued at USD 2,610.9 Million in 2018 and is projected to reach USD 3,932.9 Million by 2026, growing at a CAGR of 5.38% from 2019 to 2026.

 
Controlled Release Fertilizers Market Size And Forecast
According to Verified Market Research, The Global Controlled Release Fertilizers Market was valued at USD 2,610.9 Million in 2018 and is projected to reach USD 3,932.9 Million by 2026, growing at a CAGR of 5.38% from 2019 to 2026.

The latest survey on the Global Controlled Release Fertilizers Market is conducted covering various organizations of the industry from different geographies to come up with a 100+ page report. The study is a perfect mix of qualitative and quantitative information highlighting key market developments, challenges that industry and competition are facing along with gap analysis and new opportunities available and trend in Controlled Release Fertilizers Market. The report aims to present the analysis of Global Controlled Release Fertilizers Market By Type, By Application, By Crop Type, By Region – North America, Europe, South America, Asia-Pacific, Middle East, and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities.

What are Controlled Release Fertilizers?
Controlled release fertilizers (CRF) can be defined as fertilizers that release nutrients in a manner that is controlled in order to be able to meet the nutrient demand uptake of a crop. These fertilizers have the potential to increase crop quality and yield, improve fertilizer use efficiency as well as minimize potential losses to the environment. The main factors that affect fertilizer release are moisture and temperature. There are several advantages to controlled release fertilizers such as its ease of use, reduced environmental impact and reduced application costs through the reduction of labor costs. The implementation of a controlled release fertilizer can reduce labor costs by eliminating the need to mix and monitor water-soluble fertilizers as well as limits the need for expensive injection equipment.

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Controlled Release Fertilizers Market Outlook
There is an urgent need for improving the efficiency of fertilizer hence, the anticipated benefits from the controlled release fertilizers are expected to drive the market during the forecast period. Controlled release fertilizers result in the need for fewer applications, which thereby reduce labor and equipment costs. Also, product differentiation provides a better marketing opportunity for organizations. With less frequent application required, there is a more uniform growth response from crops, allowing techs to perform other duties during their scheduled stops.

The global market for Controlled Released Fertilizers might be a revolution in terms of better technology, but the high price in comparison to traditional fertilizers abstains from flourishing completely in the global market. Lack of flexibility in terms of not being able to change the fertilizer after it has been incorporated, its locked-in rate and improper management of controlled released fertilizers might be a few of the restraining factors in the growth of the market in the forecast period.

Controlled Release Fertilizers Market, Geographic Analysis
The Global Controlled Release Fertilizers Market are studied on the basis of key geographies Europe, North America, Asia Pacific and Rest of the World. The Asia Pacific is contributing the largest revenue share in the controlled release fertilizer market as well as is the fastest-growing region in the same. The market for controlled-release fertilizer in the Asia Pacific is witnessing an immense rise, due to the growing need for food. Farmers and agriculturists are using advanced products and specialty fertilizers such as controlled release fertilizers to heighten crop yields from the limited farming land available across the Asia Pacific. The rapidly increasing population in this region has also fueled the market for Controlled Release Fertilizers also.

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Controlled Release Fertilizers Market, Segment Analysis
The Global Controlled Release Fertilizers Market is segmented on the basis of type, application, and geography.

On the basis of type, the global control released fertilizer market is classified into Polymer Sulfur Coated Urea, Polymer-Coated Urea, Sulphur Coated Urea, Others.

Based on application, the market is divided into Foliar, Fertigation, and Others.

On the basis of Geographic, the global control released fertilizer market is analyzed across North America, Europe, Asia Pacific, Latin America, Rest of the World. Controlled Release Fertilizers Market for Sulphur-coated urea accounted for the largest market share. Whereas by application, the Farm is anticipated to grow at the highest rate during the forecast period.

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Controlled Release Fertilizers Market, Competitive Landscape
The global Controlled Release Fertilizers Market is highly fragmented with the presence of a large number of manufacturers globally. Some of the major players include Yara, Agrium Inc., ICL, Helena Chemical Haifa Chemicals, and Koch Industries.

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Issued By vmr
Country United States
Categories Business
Tags controlled release fertilizers market
Last Updated March 17, 2020