Controlled Release Fertilizer Market Expansion Projected to Gain 2029Posted by Divakar on April 27th, 2021 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 Fact.MR. To remain ‘ahead’ of your competitors, request for a sample – https://www.factmr.com/connectus/sample?flag=S&rep_id=4565 Key Takeaways of Global Controlled Release Fertilizers Market
“The demand for controlled release fertilizers for optimal crop development has increased over the years. Availability of less expensive nitrogenous fertilizers along with the trend of using large chunks of fertilizers to gain high crop yield, are set to hamper the global market.” says a Fact.MR analyst. 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: Fact.MR, 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. Interested to Procure The Data? Inquire here at – http://www.globenewswire.com/en/news-release/2020/03/31/2009290/0/en/Controlled-Release-Fertilizers-Sales-Invigorated-by-Improved-Crop-Efficiency-Polymer-Coated-NPK-Fertilizers-Significant-Contributors-Says-a-New-Fact-MR-Study.html Like it? Share it!More by this author |