How will Asia Pacific Controlled Release Fertilizers Market fare through 2024?

Controlled Release Fertilizers Market in Asia Pacific is projected to showcase significant growth from agriculture sector, led by China and India. Moreover, substantial demand from various agrarian economies present in the region will aid the market size to exceed USD 2 billion by 2024. Elaborating further on the regional contribution, Europe accounts for an advantageous share of the global market. Elevated usage of controlled release fertilizers in the gardening industry is supporting regional market outlook. The Netherlands being a major producer of gardening plants and flowers is deemed to be a major contributor to the regional market. Other key revenue pockets  include Germany, France, and Italy. North America market is expected to procure more than one-fifth volume share of the market by 2024. The growth is bolstered by decreasing share of arable land in the region, especially in the US. As per estimates, arable land in the US reduced from 18% in 2005 to 16.6% in 2016.

In the light of relentless need to fulfill the food demands of the burgeoning population, global controlled release fertilizers market is showcasing signs of gain in growth momentum. Agricultural production has not been able to keep pace with the colossal rise in global population. To add to it, increasing shortage of arable land and depleting soil quality, especially in countries such as the US, has intensified the need for sustainable agricultural practices, which is supporting controlled release fertilizers market trends. In terms of revenue, global controlled release fertilizers market is set to cross the USD 3.9 billion mark by the end of 2024.

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The quality of these fertilizers to efficiently release nutrients has promoted their usage in cereals & grains. Controlled release fertilizers market size from cereals & grains application is estimated to surpass USD 1.7 billion by 2024. These fertilizers are gaining widespread acceptance within the agricultural industry on account of its eco-friendly nature. Unlike conventional fertilizers which are associated with concerns such as nitrogen depletion, controlled release fertilizers are aligned with superior environmental credentials, which has favored rapid penetration of the product. Furthermore, active product developments by key players with respects to parameters such as release mechanism, longevity, and others is likely to offer lucrative growth opportunities to controlled release fertilizers market.

The Prominent Industry Players in the controlled release fertilizers market :

  1. ATS
  2. AgroBridge
  3. HIF Tech Sdn Bhd
  4. GreenFeed VN
  5. Haifa Group
  6. Hanfeng Evergreen
  7. Nufarm
  8. EuroChem
  9. COMPO EXPERT GmbH
  10. Kingenta Ecological Engineering Group Co., Ltd
  11. Central Glass Ltd

Polymer sulfur coated urea has gained remarkable traction as a controlled release fertilizer and the segment accounts for more than 40% share of the global market. Despite having a higher price index, almost triple the price of conventional fertilizers, the product is highly demanded as it requires less frequent application, resulting in significant equipment and labor expense reduction. Polymer sulfur coated urea market is expected to register a CAGR of more than 6% over 2016-2024.

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Table Of Content For This Research Report:

Chapter 3 Controlled Release Fertilizers Industry Insights

3.1 Controlled release fertilizers market segmentation

3.2 Controlled release fertilizers market size and growth prospects, 2013 – 2024

3.3 Industry ecosystem analysis

3.3.1 Vendor matrix

3.3.2 Distributor matrix

3.4 Controlled release fertilizers market dynamics

3.4.1 Growth drivers

3.4.1.1 Increasing demand for better yield crops

3.4.1.2 Shift toward sustainable agriculture

3.4.2 Industry pitfalls and challenges

3.4.2.1 Lack of awareness and high cost compared to conventional chemical fertilizers

3.5 Key growth opportunities

3.6 Porter’s analysis

3.7 Company market share analysis, 2015

3.7.1 Strategic landscape

3.8 PESTEL analysis

3.9 Regional price trends

3.9.1 Cost structure analysis

3.9.2 Raw material trends

3.10 Regulatory trends

3.10.1 U.S.

3.10.2 Europe

3.10.3 China

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 Controlled release fertilizers market estimates and forecast, 2013 – 2024

4.2.2 Global Controlled release fertilizers 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

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

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