Increased concern for food security to drive the Controlled Release Fertilizers

Posted by rohan on April 23rd, 2018

Market Data Forecast has announced the addition of the “Controlled Release Fertilizers Market by Type (Chemical Condensation Products, Coated and Encapsulated Fertilizers, Nitrogen Stabilizers and Other Controlled Release Fertilizers), by Application (Crop based (Grains & Cereals, Oil seeds and Fruits & Vegetables) and Non Crop based (Turf & Ornamental Grass and Others), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)" report to their offering.

Controlled release fertilizers are a type of fertilizers through which high efficiency is achieved through the controlled release of nutrients from a granulated fertilizer. To meet the food demands without depending on imports, the use of fertilizers has become essential. There are also rising concerns over the quality of the food produced by using fertilizers. The utilization of controlled release fertilizers has become unavoidable in this scenario to achieve maximum efficiency.

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Controlled Release Fertilizers Market: Drivers and Challenges

The rapid decrease of cultivable land, increased demand for food, growing population and enlarged demand for food security are some of the key factors that are driving this market. However, high prices of controlled release fertilizers is a key factor hindering the growth of the market. Also, there is a need to spread awareness about the benefits of usage of controlled release fertilizers.

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Regional Overview

By region, the market is segmented into North America, Europe, Latin America, Middle East and Africa and Asia-Pacific. North America is holding the largest market share currently but Asia-Pacific is expected to show rapid growth in the forecast period owing to the increased food demands of countries like China and India.

Some of the key players of controlled release fertilizers market includes The Chisso Corporation, Shandong Shikefeng Chemical Industry Co. Ltd., Kingenta Ecological Engineering Group Co. Ltd., Scotts Miracle-Gro Company, Agrium, Yara International, Israel Chemicals Ltd., Compo GmbH Co., Sociedad Quimica Y Minera S.A. and Haifa Chemicals Limited are some of the big players in controlled release fertilizer industry.

Scope of the report

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

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