Meticulous Research®, a distinguished leader in global market research, announces the release of its latest report titled, ‘Controlled Release Fertilizers Market by Product Type (Polymer-coated, Resin-coated), Mode of Application (Top-dressing, Dibbling), Crop Type (Non-Agriculture {Turf, Nurseries}, Agriculture {Fruits & Vegetables, Cereals & Grains}) - Global Forecast to 2031.’
The report forecasts robust growth for the global controlled release fertilizers market, predicting a valuation of $3.97 billion by 2031, with an impressive Compound Annual Growth Rate (CAGR) of 9.9% from 2024 to 2031.
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Market Dynamics
Driving this remarkable growth trajectory are growing concerns regarding environmental safety, favorable government policies and regulations, declining arable land, and rising food demand due to population growth. However, challenges such as high production costs, rapid growth of the organic fertilizer industry, and the expensive nature of organic coating materials are anticipated to impede market growth to some extent.
Seizing Growth Opportunities
Despite challenges, the rising adoption of precision farming technology and increasing government initiatives for sustainable agriculture practices are expected to provide significant growth opportunities for stakeholders in the market. Nevertheless, addressing the substantial challenge of farmer awareness remains imperative for sustained market expansion.
Key Players
The global controlled release fertilizers market features a moderately competitive landscape, with numerous large and small-sized players. Key players include Nutrien Ltd., Yara International ASA, The Mosaic Company, and EuroChem Group AG, among others.
Market Segmentation and Insights
The market is segmented based on product type, mode of application, crop type, and geography:
- Product Type: Polymer-coated fertilizers are projected to dominate the market share, driven by advantages such as prolonged nutrient release and reduced leaching.
- Mode of Application: Top-dressing is expected to lead the market owing to its ease of application and effectiveness in delivering nutrients directly to the plant's root zone.
- Crop Type: The non-agriculture segment is anticipated to witness significant growth, fueled by increasing demand for controlled release fertilizers in landscaping, gardening, and turf management applications.
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Geographic Review
Asia-Pacific is poised to command the largest market share, attributed to the presence of key controlled release fertilizer providers, extensive agricultural production, and government support for crop cultivation and landscaping activities. The region's burgeoning population and rising food demand further contribute to market growth.
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The global Controlled Release Fertilizers Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.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.Get more information on "Global Controlled Release Fertilizers Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/controlled-release-fertilizers-market/download-sampleMarket DynamicsThe 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.
The top two players, namely, Kingenta Ecological Engineering and Shandong Shikefeng Chemical, collectively held nearly 50% of this market in 2014, demonstrating a moderately consolidated market structure, finds Transparency Market Research (TMR).Fertilizer manufacturers in Asia Pacific are making use of advanced technologies and economies of scale to produce low-cost specialty fertilizers, of which controlled release fertilizer is one of the fastest-growing segment.
In the near future, these companies will be focusing on increasing their production capacities and constructing new business facilities in emerging markets to expand their reach.
Request Sample pages of premium Research Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=9644Increasing Need for Food Boosts Adoption of Controlled Release FertilizersThe population in Asia Pacific has been reporting an exponential rise since the last few years.
According to the United Nations Economic and Social Commission for Asia Pacific (UN ESCAP), the region is home to more than 4.4 billion people, accounting for almost 60% of the world’s population.With this robust population base, the need for food is growing unprecedentedly in this region.
Hence, farmers are increasingly using controlled release fertilizers to enhance their agricultural output from the limited available land.Besides this, agriculturalists in Asia Pacific are focusing on upgrading their farming methods to boost their crop yield in order to meet the growing demand for food.
As controlled release fertilizers possess eco-friendly properties and are more efficient than conventional fertilizers, their application will be increased significantly in this region over the forecast period.Request for covid19 Impact Analysis - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19_id=9644Controlled Release Fertilizers find Highest Adoption in China and IndiaThe Asia Pacific controlled release fertilizers market is likely to expand at a CAGR of 7.20% during the period from 2015 to 2023, estimates TMR.
The slowness of the release is determined by the low solubility of the chemical compounds in the soil moisture.Coated Controlled-Release Fertilizer offers economic benefits which associated with labor savings and lesser quantity requirements are fueling market growth, more over the global awareness of sustainable agriculture which demands farming meets environmental safety standards.
The Coated Controlled-Release Fertilizers are the idea product to meets requirements above, according to research, the global Coated Controlled-Release Fertilizer market is projected to reach 2580 million USD by 2021.
Download Free Sample Report @ https://www.radiantinsights.com/research/global-controlled-release-fertilizers-market-research-report-2019-2023/request-sample In terms of type, Polymer sulfur coated urea or sulfur coated urea, polymer coated urea, polymer coated NPK fertilizer, and others (including coated micronutrients) are the primary product segments of the controlled release fertilizers market, according to research, demand for polymer sulfur coated urea/sulfur coated urea is expected to rise significantly for the forecast period as it has demonstrated to be an efficient alternative to urea due to its environment-friendly, resource saving, and labor saving characteristics.
It was the largest market for controlled release fertilizers, followed by North America.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-controlled-release-fertilizers-market-research-report-2019-2023 Global top manufacturers operating in Coated Controlled-Release Fertilizer Market are ATS Group, Greenfeed Agro Sdn.
Bhd, The Scotts Miracle-Gro Company, HIF TECH SDN.
