Controlled Release Fertilizer Industry Share, Market Size & Growth, Trends, Global Statistics, Sales and 2020-2023 Future Insights
The Global Controlled Release Fertilizer Market 2020-2023 Research Report provides idealistic and determined details of the Controlled Release Fertilizer Market, that assist you in promoting ideas with research-based factors. It offers in-depth data, refines variations of the worldwide Controlled Release Fertilizer market to help you in deciding the final strategy. The report features a thorough outlook of the market considering profitability, attractiveness, revenue, and CAGR.
The Controlled Release Fertilizer Market Research Report also focuses on leading industry Manufacturer with information such as company profiles, products, and services offered financial information throughout 2020 – 2023
- Agrium Inc.
- CF Industries Holdings
- Yara International
- K+S AG
- Scotts Miracle-Gro Company (U.S.)
- OCP Group
- Potash Corporation of Saskatchewan
- The Mosaic Company
- Compo GmbH & Co. KG (Germany)
- Israel Chemicals Ltd.
- Bunge (BG)
- Sociedad Quimica Y Minera De Chile SA
- Haifa Group
- ATS Group
- ICL Specialty Fertilizers
- The Chisso Corporation
- Compo GMBH & Co. KG
- Shikefeng Chemical Industry
- Greenfeed Agro Sdn. Bhd.
The Controlled Release Fertilizer Market Report offers an accurate financial assessment of each leading Competitor based on their business data that includes estimation of gross margin, Controlled Release Fertilizer Market sales volume, profitability, pricing erection, product value, cost structure, revenue, and growth rate.
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Summary of Controlled Release Fertilizer Market:
The global controlled release fertilizer market was estimated at USD 3121.8 million in 2017, and is expected to exhibit a CAGR of 6.8% during the forecast period (2020 – 2023). By far, North America accounted for the largest market share, followed by Europe, and Asia-Pacific. Due to increased demand for food, and shortage of arable land, the Asia-Pacific region is expected to record the highest CAGR during the forecast period.
Increasing Demand for High-Efficiency Fertilizers
Trends in crop production (maize, and wheat) in the last four decades show that the nitrogen application rate increased about 15 times, whereas, its accumulation in grains increased only three to four times. At the same time, nutrient recovery by crops remained relatively low (e.g. about 50% for nitrogen). This represents a potentially alarming situation from environmental, economic and resource conservation points of view and indicates an urgent need for improving efficiency of fertilizer use. Anticipated benefits from the controlled release fertilizers are expected to drive the market during the forecast period.
Worldwide Demand is Driving the Market
Developing East Asian countries, such as China, Indonesia, India, Vietnam, Cambodia, Pakistan, Thailand, and Malaysia have remained major growth markets for controlled released fertilizers. The annual growth rate for fertilizers, in these markets is in 4% to 5% range. Because agriculture in these areas is a major economic sector, crop quality is crucial, and fertilizers take an important part in their development prospects. Since 2002, some European countries, such as, Spain, Portugal, Greece, and Italy began fighting against the adverse effects of chemical residues on lands already ruined by unwise farming practices, that cause desertification. In Europe, the FAO expects overall use of fertilizers to remain flat with slight increases during the forecast period. Latin America is expected to be a strong export region in the next five years.
Growing Environmental Concern Promoting Controlled Release Fertilizers
To sustain the further world population, more fertilizers are required, which may become an environmental hazard, unless adequate technical and socioeconomic impacts are addressed. In the current study, slow-release formulations of nitrogen fertilizer were developed on the basis of natural attapulgite (APT) clay, ethyl cellulose (EC) film, and sodium carboxymethylcellulose/hydroxyethylcellulose (CMC/HEC) hydrogel. The structural and chemical characteristics of the product were examined. The release profiles of urea, ammonium sulfate, and ammonium chloride as nitrogen fertilizer substrates were determined in soil. The influence of the product on water-holding and water-retention capacities of soil was determined. The experimental data indicated that the product can effectively reduce nutrient loss, improve use efficiency of water, and prolong irrigation cycles in drought-prone environments. That is why, the market is expected to witness a higher CAGR during the forecast period.
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Reasons to Purchase This Report:
The Controlled Release Fertilizer Market 2020-2023 Analysis objectives of the report are:
- To analyze Controlled Release Fertilizer Market regarding growth trends, anticipation and also their participation in the entire sector.
- To equitably share in-depth info regarding the vital elements influencing the increase of industry (growth capacity, probability, drivers and industry-specific challenges and risks).
- To know the Controlled Release Fertilizer Market by distinguishing its many sub-segments.
- To examine and study the market size (volume & value) from the company, essential regions/countries, products and application, background information from 2013 – 2020 and also prediction to 2023.
- To profile the Leading players in the industry and analyze their growth plans.
- To venture the amount and value of sub-markets, depending on key regions.
- Primary worldwide Antifouling Paints and Coatings Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis, and development plans next coming years.
- To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.
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The growth of this market worldwide is subjected to various factors; including consumer world-class Controlled Release Fertilizer Market of many Controlled Release Fertilizer Market products, inorganic company growth models, price volatility of raw materials, product innovation along with economic prospects in both producer and consumer countries.
In conclusion, Controlled Release Fertilizer Market report presents the descriptive analysis of the parent market based on elite players, present, past and futuristic data that will serve as a profitable guide for all the Controlled Release Fertilizer Market competitors.
Mr. Ajay More
Phone: +14242530807 / + 44 20 3239 8187
Email: [email protected]
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