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APAC Controlled Release Fertilizers Market Size to rise at a whopping 7% CAGR to 2024

Author : Ronak Bora | Published Date : 2019-08-06 

Asia Pacific has a profound ground enhancing controlled release fertilizers market outlook. It is estimated to be the fastest growing industry with an annual growth rate projection of 7% over the period of 2016-2024. The significant advancements in farming technology along with increasing adoption of upgraded methods across agro-based nations such as China, India is catering the regional market growth. Apart from this, spreading awareness about organic farming and increasing plantation for ecological sustainability is changing the regional market trends.

The world is experiencing population explosion at an exponential rate. The arable land is being exhausted with more commercial and residential buildings coming up. The earth resources are being depleted which has driven the demand for controlled release fertilizers market. The rising population has increased the demand for food which in turn has propelled the product market. The eco-friendly nature of the product has also contributed to the rising trajectory of its demand.

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Fertilizers are an integral part of the crop cultivation process. They play an important role According to Food and Agriculture Organization, it is estimated that fertilizers can increase per unit grain produce by 55 - 57%. Governments in countries like China have laid stress on the use of the product which will have a positive impact on the product market over the forecast period. Increased venture funding and private investments in this industry will also have a positive impact on the development of the product market.

Based on the various crops where these controlled release fertilizers are extensively applied, the industry is fragmented into cereals & grains, oilseeds & pulses, fruits, and vegetables. Cereals and grains being one of the primary food sources, accounted for a major portion (40%) of controlled release fertilizers market share in 2015, by collecting a revenue over USD 900 million. Driven by the strong need for usage of upgraded fertilizers to increase the productivity, controlled release fertilizers market from cereals & grains is slated to grow at a CAGR of 6% over the period of 2016-2024.

Polymer sulfur coated urea also called sulfur coated urea dominated the product landscape in 2015, having held more than 40% of industry share. It is forecast that this segment based controlled release fertilizers market will exhibit a steady annual growth rate of 6% over the coming seven years, with a projected revenue over USD 1.75 billion by 2024. Polymer coated urea is also witnessing a noticeable demand in the market owing to its ecofriendly characteristics. Controlled release fertilizers market from this particular fertilizer is estimated to grow substantially at an annual rate of 5% over the coming seven years.

The market for controlled release fertilizers is highly competitive with companies involved in strategic partnerships and mergers. Some of the major companies involved in manufacturing of the product are Greenfeed Agro Sdn Bhd, ATS Group, Israel Chemicals, AgroBridge, Yara International, Haifa Chemicals Ltd., Central Glass Co., Ltd., Eurochem Agro Gmbh, Agrium, Inc., ICL Specialty Fertilizers, Scotts Miracle-Gro, Kingenta Ecological Engineering Group Co., Ltd., etc.

Glimpse of Table of Content (ToC)

Chapter 4   Controlled Release Fertilizers Product Insights

4.1   Controlled release fertilizers market share by product, 2015 & 2024

4.2   Polymer sulfur coated urea/sulfur coated urea

4.2.1   Global market estimates and forecast, 2013 - 2024

4.2.2   Global market estimates and forecast, by region, 2013 - 2024

4.3   Polymer coated urea

4.3.1   Global market estimates and forecast, 2013 - 2024

4.3.2   Global market estimates and forecast, by region, 2013 – 2024

4.4   Polymer coated NPK fertilizer

4.4.1   Global market estimates and forecast, 2013 - 2024

4.4.2   Global market estimates and forecast, by region, 2013 – 2024

4.5   Others

4.5.1   Global market estimates and forecast, 2013 - 2024

4.5.2   Global market estimates and forecast, by region, 2013 – 2024

Chapter 5   Controlled Release Fertilizers Crop Insights

5.1   Controlled release fertilizers market share by crop, 2015 & 2024

5.2   Cereals & grains

5.2.1   Global market estimates and forecast, 2013 - 2024

5.2.2   Global market estimates and forecast, by region, 2013 - 2024

5.3   Oilseeds & pulses

5.3.1   Global market estimates and forecast, 2013 - 2024

5.3.2   Global market estimates and forecast, by region, 2013 – 2024

5.4   Fruits & vegetables

5.4.1   Global market estimates and forecast, 2013 - 2024

5.4.2   Global market estimates and forecast, by region, 2013 – 2024

5.5   Others

5.5.1   Global market estimates and forecast, 2013 - 2024

5.5.2   Global market estimates and forecast, by region, 2013 – 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/controlled-release-fertilizers-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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