Controlled-Release Fertilizers market size: Industry Analysis and Opportunity the Forecast to 2027Mayur
The global Controlled-Release Fertilizers market size is expected to register a strong 6.5% CAGR over the forecast period from 2019 to 2024, according to the latest research report from Market Research Future (MRFR). The global market is expected to rise to a valuation of USD 2.01 billion by 2024. The global market is profiled in great detail in the research report, providing readers with a comprehensive overview of the market through its historical growth trajectory, present conditions, and future growth prospects. The historical stats of the Controlled-Release Fertilizers market size are detailed in the report, in order to provide readers with a complete overview of the market’s historical growth trajectory. The historical stats provided in the report also give analysts a solid platform to base future projections about the market. Based on this platform, future projections for the Controlled-Release Fertilizers market size’s growth trajectory over the forecast period are provided in the report. The leading players in the global market are also profiled in the report in order to give readers a comprehensive analysis of the leading players in the global market. The major drivers and restraints affecting the global market are also profiled in the report to provide readers a comprehensive overview of what’s making the market tick and what is holding the market back.
The increasing demand for highly efficient fertilizers in the agriculture industry has led to various technological innovations, including slow-release fertilizers. Slow-release, or Controlled-Release Fertilizers market size, release the nutrients at a slower rate than conventional fertilizers, thus ensuring more effective dispersion of the nutrients and more effective delivery of the nutrients to the plant. The use of controlled-release fertilizers also reduces the wastage of fertilizer compounds, as the fertilizer is absorbed more slowly into the plants, leading to more effective utilization and less wastage. This is likely to lead to a steady growth in the demand for controlled-release fertilizers over the forecast period. The use of controlled-release fertilizers also reduces the amount of fertilizer necessary to fertilize a given patch of land. This leads to a higher revenue for the farmer at the end, leading to widespread growth in the demand for controlled-release fertilizers.
Leading players in the global Controlled-Release Fertilizers market size include SQM, Kingenta, ICL, Helena Chemical, Jcam Agri., Agrium, Compo Expert GmbH, Scottsmiracle-Gro, Koch Industries, Haifa Chemicals Ltd., Yara International, and BASF SE. Product advancement and production capacity expansion are likely to remain the popular tactics for players in the Controlled-Release Fertilizers market size over the forecast period.
The global market is segmented on the basis of technology, form, mode of application, application, and region.
By technology, the global Controlled-Release Fertilizers market size is bifurcated into coating and encapsulation.
By form, the global market is segmented into liquid, granular, and powder.
By mode of application, the global Controlled-Release Fertilizers market size is segmented into dibbling, foliar, and others.
By application, the global market is segmented into cereals and grains, oilseeds and pulses, turfs and ornamentals, fruits and vegetables, and others.
Asia Pacific is expected to dominate the global market over the forecast period due to the growing acceptance of advanced agricultural technologies in the region and the growing volume of the agriculture industry in the region. The increasing awareness about the environmental benefits of controlled-release fertilizers is also likely to remain a major driver for the Controlled-Release Fertilizers market size in Asia Pacific over the forecast period. The adoption of controlled-release fertilizers in South America is expected to grow at a robust rate over the forecast period from 2019 to 2024.
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