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.