Controlled Release Fertilizer Market Forecast Based on Upcoming Trends and Major Driving Factors during 2019-2029
In a recent business intelligence study, FactMR presents the nitty-gritty of the global controlled release fertilizer market considering 2014-2018 as the historic year and 2019–2029 as the stipulated timeframe. The business report highlights the drivers, restraints, opportunities and trends affecting controlled release fertilizer market growth. Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume.
The controlled release fertilizer market study outlines the key regions – Latin America, North America, MEA, Europe and APEJ – along with the countries contributing the most in the respective regions. The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin.
Fertilizers consumption has received a significant uptick with the addition of controlled release fertilizers. However, higher cost of these fertilizers have limited their consumption to countries with greater purchasing power. Led by China, the U.S., Western Europe and Japan, global controlled release fertilizers market is forecast to surpass US$ 4.5 Bn by 2029, reveals Fact.MR in a recently published report. China’s controlled release fertilizers consumption, in particular, has been growing substantially in the past decade, and is anticipated to rise at a CAGR of around 10% during forecast period. Unmatched benefits of Controlled Release Fertilizers over other fertilizers such as the gradual release of nutrients into the soil, have fetched notable traction over the past half of a decade, says FactMR.
The controlled release fertilizer market report addresses the below-mentioned queries:
- Why are vendors shifting away from traditional methods of manufacturing controlled release fertilizer?
- How does the global controlled release fertilizer market looks like in the next five years?
- Which end use industry is expected to surpass segment by the end of 2029?
- What innovative products are being introduced by the players in the global controlled release fertilizer market?
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High Demand Growth in US on back of Nonagricultural Applications
United States has been a significant market for controlled release fertilizers. Nonagricultural applications which include golf courses, turf gardens and lawns, are boosting demand in the United States. Around 2 million acres of land in the United States is being used as golf courses. This is creating immense opportunities for controlled release fertilizers to be used for continuous nutrient supply.
More Valuable Insights on Controlled Release Fertilizers Market
FactMR, in its new offering, presents an unbiased analysis of the global controlled release fertilizers market, presenting historical demand data (2014-2018) and forecast statistics for the period of 2019-2029. The study divulges essential insights on the controlled release fertilizers market on the basis of product (Polymer Sulfur Coated Urea/Sulfur Coated Urea, Polymer Coated Urea, and Polymer Coated NPK) and application (Cereals & Grains, Oilseeds & Pulses, and Fruits & Vegetables, Others) across six major regions.
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About the Chemicals & Materials Division at FactMR
Expert analysis, actionable insights, and strategic recommendations – the Chemicals & Materials team at Fact.MR assists clients with unique business intelligence needs on a global level. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the Chemicals & Materials industry lucidly in 50+ countries for over a decade. The chemicals & materials team at Fact.MR assists clients in their business expansion as well as new ventures, through hawk-eyed analysis and strategic recommendations.
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