Controlled Release Fertilizers Market Insights

  March 12, 2020    |      Chemicals and Materials    |       658


New York City, NY, 12 March, 2020/ 24 Market Reports: It is estimated for the controlled release fertilizers market to grow from USD 2.1 billion in 2020 and reach that of USD 3.5 billion by 2025, witnessing the growth at a CAGR of 6.6% during the forecast period of 2020 to 2025. Increase in demand for highly efficient fertilizers, favourable government regulations, a rise in demand for high-value crops and an increase in the number of investments from key players in this market are the factors that are driving the growth of the market during the forecast period. The growing environmental concerns associated with nutrient loss through soil leaching and runoffs from fields on the using excess conventional fertilizers are effectively addressed by these fertilizers.

The non-agricultural segment to witness an increased demand in the market during the forecast period

As the usage of controlled-release fertilizers on turf and ornamentals have been high in the US and Europe, it is estimated for the non-agriculture segment to witness an increased demand in the market during the forecast period. The demand for the segment is increasing owing to several properties that are offered by these fertilizers. This factor is driving the growth of the segment in the market during the forecast period.

Controlled-release fertilizers market, by application method, to dominate the market

During the forecast period, it is estimated for the controlled-release fertilizers market, by application method, to dominate the market. Fertigation is a technique that has been adopted by major countries. Fertigation is highly preferred as a suitable application method adopted in both developed and developing countries across the globe for the application of these fertilizers due to the increasing irrigated land. Also, the labour costs are reduced to a large extent through the adoption of these techniques, which also adds to their increasing demand.

N-stabilizers segment to account for the largest share in the market during the forecast period

During the forecast period, the N-stabilizers segment is projected to account for the largest share in the market. Owing to their vast adoption across the globe for crops and its viable purchasing price, the Asia Pacific region is estimated to account for the largest share in the market during the forecast period. The extensive use of nitrification inhibitors and Urease Inhibitors for non-agricultural usage in developed countries is also driving the growth of the market during the forecast period.

Asia Pacific region, by geography, to account for the highest share in the market during the forecast period

Based on geography, it is estimated for the Asia Pacific region to account for the highest share in the market. The increasing growth of high-value crops and raising awareness among farmers about the environmental benefits of controlled-release fertilizers are the factors that are driving the growth of the market in the region during the forecast period. The government policies adopted by Asia Pacific countries and the large subsidies, in certain countries up to 100% for marginal farmers, provided on fertilizers are the factors that are propelling the growth of the market in the region during the forecast period.

The following are the major objectives of the study:

  • To define, describe, and forecast the controlled release fertilizers market on the basis of product, application and region.
  • To provide detailed information regarding major factors influencing growth of the market (drivers, restraints, and opportunities).
  • To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall market.
  • To analyze the opportunities in the market for key stakeholders and provide details of the competitive landscape for leading market players.
  • To forecast the size of the market segments with respect to four main regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
  • To strategically profile the key market players and comprehensively analyze their market shares and core competencies.
  • To track and analyze competitive developments such as acquisitions, expansions, new product launches, agreements, and collaborations in the controlled release fertilizers market.

Critical Questions which the report answers:

  • What are the major vendor/manufacturers in the market? What is their growth potential during next decade?
  • What are the key revenue generating pockets for controlled release fertilizers market and their future potential during next decade?
  • How competitive landscape is evolving in controlled release fertilizers market?

Major Industry outlook Of Controlled Release Fertilizers Market

Get more information on this market

report title

Controlled Release Fertilizers Market Insights 2019, Global and Chinese Analysis and Forecast to 2024