Global Controlled Release Fertilizers Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023

13/feb/2018 06:32:59 pbi Contatta l'autore

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Controlled Release Fertilizers Market is the customized fertilizers that are coated to provide the long-lasting effect on soil. These are the granulated fertilizers which gradually releases nutrients and minerals into the soil. As the traditional fertilizers are soluble in water, nutrients will be dispersed quickly. Hence farmers are adopting usage of controlled release fertilizers as they are insoluble in water and the dispersion of the nutrients will be slow and sustainable.

 Market Outline: Global Controlled Release Fertilizers Market

 Increasing demand for high-efficiency fertilizers, shrinking farmland and land productivity, and the environment-friendly operation mode of these fertilizers are the key factors driving the market demand for controlled release fertilizers. The gradual increase in global population, rising demand for a productivity of crops are expected to accelerate the growth of controlled release fertilizers market. As per to the report of Food and Agriculture Organization, the arable land ratio has been dropped to 0.197 hectares/person globally in 2013. However, regulatory and environmental constraints for some coated products and high manufacturing costs restrain the market.

 

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The controlled release fertilizers are classified on the basis of product type, application and geography.

 

Based on the product type, controlled release fertilizers is segmented as

 

·         Polymer coated NPK fertilizer

·         Polymer sulphur coated urea/sulphur coated urea

·         Polymer coated urea

 

Based on the application, controlled release fertilizers is segmented as

 

·         Fruits & vegetables

·         Cereals & grains

·         Oilseeds & pulses

 

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Controlled release fertilizers are highly used in cultivation of pulses, cereals, grains, fruits and vegetable and oil seeds. Controlled release fertilizers can also be used for growing ornamental and turf plants. Mostly farmers use Controlled release fertilizers in grains and cereals crops. Market players of controlled-release fertilizers are adopting various growth strategies like acquisitions, new product launches, collaborations and geographical expansions and investments in order gain the upper hand in the Controlled release fertilizers market.

 

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On the basis of geographical regions, controlled release fertilizers market is classified as into five key regions as Europe, Asia- Pacific, North America, Middle East & Africa and Latin America. U.S. controlled release fertilizers market is expected to dominate the regional revenue share owing to adoption of sophisticated agriculture technologies and inclination towards novel cultivation technologies in production of cereals and grains. Europe is the largest producer of Fruits and Vegetables, hence, it is anticipated to witness healthy growth in controlled release fertilizers market. Asia-Pacific region is expected to be fastest-growing market due to the shortage of arable land in countries in APAC particularly in developing countries such as India, China.

 

 

Some of the players in controlled release fertilizers Kingenta Ecological Engineering Group Co. Ltd. (China), EuroChem Agro Gmbh (Germany), Yara International ASA (Norway), Haifa Chemicals Ltd. (Israel), Agrium, Inc. (Canada), The Chisso Corporation (Japan), The Scotts Miracle-Gro Company (Ohio) Nufarm Ltd. (Australia), and Israel Chemicals Ltd. (Israel).

 

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