Yahoo Finance Controlled-release Fertilizers Market Size to Reach USD 3,862.2 Million by 2026 | Exhibiting a CAGR of 6.37%
Companies covered in Controlled-release Fertilizers Market in BASF SE, Syngenta AG, Bayer CropScience, UPL, Marrone Bio Innovations, Valent Biosciences, Koppert Biological Systems, Isagro S.p.A, Valagro S.p.A, Novozymes A/S and Other key players
Pune, India, Feb. 01, 2023 (GLOBE NEWSWIRE) -- The global controlled-release fertilizers market size is prognosticated to reach USD 3,862.2 million by 2026. According to a report published by Fortune Business Insights™ titled, “Controlled-release Fertilizers Market Size, Share & Industry Analysis, By Type (Slow-release, Coated & Encapsulated, and Nitrogen Stabilizers), Application (Cereals, Oilseeds & Pulses, Fruits & Vegetables, & Others), and Regional Forecasts, 2019 - 2026” the market value was USD 2,375.9 million in 2018. The forecast period is set from 2018 to 2026, and the market is likely to witness a CAGR of 6.37% on account of increasing demand for food to suffice to the needs of the increasing population worldwide.
Get a Sample Research PDF:
Some of the key vendors of the CRF fertilizers market include:
Nutrien
Yara International
Helena Chemical
SQM
JNC Corporation
Kingenta Ecological Engineering Co. Ltd.
ICL
Haifa Chemicals
AGLUKON
Pursell Agri-Tech
Koch Industries
Report Scope & Segmentation:
Report Coverage | Details |
Forecast Period | 2019-2026 |
Forecast CAGR | 6.37% |
2026 Value Projection | USD 3.86 Billion |
Base Year | 2018 |
Controlled-release Fertilizers Market Size in 2018 | USD 2.3 Billion |
Historical Data | 2015-2017 |
No. of Pages | 130 |
Segments Covered | By Type, By Application, By Region |
Controlled-release Fertilizers Market Growth Drivers | Introduction of Cost-Efficient CRF Fertilizers to Help Market Gain Impetus |
Report Objectives
A comprehensive overview of the CRF fertilizers market
Interesting insights and key industry developments of the market
Growth trajectories such as drivers, restraints, challenges, and opportunities
Significant market players and their key strategies to strive for the top position in the market
Other slow-acting fertilizers market trends
Browse In-depth Summary of This Research Insight:
https://www.fortunebusinessinsights.com/controlled-release-fertilizers-crf-market-101973
Introduction of Cost-Efficient CRF Fertilizers to Help Market Gain Impetus
The American Plant Food Control Officials (AAPFCO) defines controlled-release fertilizers as plant-nutrient containing fertilizers that delay its availability for plant uptake and use after application. With the increasing population, governments of various nations are imposing security on food. This is likely to help promote the delayed-release fertilizers market growth. Besides this, companies are trying to introduce cost-efficient and encapsulated CRF fertilizers and this will further attract high slow acting fertilizers market revenue in the forecast duration.
The increasing environmental concerns are further propelling agriculturists, farmers and others to improve the utilization of fertilizers for increasing nutrient uptake among crops. This, as per analyst at Fortune Business Insights™, will further contribute to the decline in environmental stress and ultimately help to increase the overall CRF fertilizer market size in the foreseeable future.
However, the lack of proper laws for protecting controlled-release fertilizers may affect the overall CRF market size in the forecast period. Nevertheless, government efforts and the launch of various educational programs for farmers are likely to help create lucrative controlled-release fertilizer market growth opportunities in the near future.
Asia Pacific to Continue Dominance on Account of High Production and Consumption Rates Derived from China
From a geographical perspective, North America is dominating the market on account of the presence of large number of players. However, Asia Pacific is likely to register the fastest delayed-release fertilizer market growth rate with a CAGR of 7.1% during the forecast period. This is attributed to the rapid increase in the population of countries especially China and India. This is further propelling the rise in demand for food all over the region. Japan and China are the two major market leaders in Asia Pacific with both high production and consumption. Growth in China is owing to the rise in research and development of innovative agricultural products, coupled with the presence of market players namely Hangfeng Evergreen, Kingenta International, and others in the nation. Moreover, conducive policies concerning smart fertilizers in Japan and China are further expected to help this region continue dominating the market in the years to follow.
Get a Quote Now:
Adoption of Merger and Acquisition Strategies to Bode Well for Market Vendors
Key players such as ICL, Pursell, and SQM have raised the bars and set new standards on cost-effective specialized fertilizers. This is ultimately encouraging agricultural companies to heighten their production scale and expand their portfolios by increasing the number of product launches. Besides this, new players in nations such as China, Japan, and the U.S., are entering into the CRF fertilizer market looking at the future opportunities the market will provide. Recently, companies such as Haifa Chemicals, Agrium, and Kingenta adopted a merger and acquisition strategy for the expansion of their portfolio across all geographies.
Detailed Table of Content:
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Emerging Trends
Key Insights
Parent Market Overview
Fertilizer Supply and Demand Trend
Specialty Fertilizers Market Growth Trend Analysis
Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
Global Controlled-release Fertilizers Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Size Estimates and Forecast
By Type (Value)
Slow-release Fertilizers
Coated & Encapsulated Fertilizers
N-stabilizers
By Application (Value)
Cereals
Oilseeds & Pulses
Fruits and Vegetables
Others
By Region (Value)
North America
Europe
Asia Pacific
South America
Middle East & Africa
TOC Continued…!
Some of the key industry developments in the CRF fertilizers marketare:
December 2017 – A leading producer of specialty fertilizers and biostimulants namely COMPO GmbH, announced a partnership with Kingenta for research and development of efficiency enhanced technology commonly called EEF technology.
June 2018 – The inauguration of a novel fertilizer coating facility was announced in Alabama by Pursell Agri-Tech, and their industrial partner Stamicarbon B.V. Pursell Agri-Tech, has built this plat for producing next-generation delayed-release fertilizers.
Inquire Before Buying Report
Read Related Insights:
Agricultural Micronutrients Market to Hit USD 6.65 Billion by 2028 | Exhibiting a CAGR of 7.51% by 2021-2028
Specialty Fertilizers Market Size to Reach USD 39.37 Billion by 2027; Urgent Need to Cultivate Various Crops and Plants to Boost Growth, Says Fortune Business Insights™
Water Soluble Fertilizers Market Size to Reach USD 20.64 Billion by 2027; Increasing Investment in Product R&D will have a Direct Impact on Market Growth, says Fortune Business Insights™
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
9th Floor, Icon Tower,
Baner - Mahalunge Road,
Baner, Pune-411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email:sales@fortunebusinessinsights.com
