Controlled Release Fertilizers Market industry analysis research and trends report for 2017-2024

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Controlled Release Fertilizers Market industry
analysis research and trends report for 2017-2024
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Global Market Scenario of Controlled Release
Fertilizers Market

• Controlled Release Fertilizers Market size is
  forecast to reach USD 3.9 billion by 2024
  according to a new research report by Global
  Market Insights, Inc.
• One of the major driving factor for the global
  controlled release fertilizers market growth will
  be the ever-increasing global population.
  According to the World Bank, the 2015 global
  population was estimated at 7.3 billion and will
  surpass 8 billion by 2024. Continuous expansion
  of residential area for accommodation is also
  decreasing the amount of arable land
  substantially.
• Effective utilization of land for agricultural
  purposes is paramount to respond to demographic
  challenges. Land fertility needs to be maintained
  and enhanced for longer period of times. With
  arable land per person reducing to less than 0.2
  hectares, farm productivity must be 50 enhanced
  to satisfy the global food demand. This will
  promote the global controlled release fertilizers
  market demand.

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Continue.....

• Changing climatic conditions and drought
  conditions prevailing throughout the world
  because of low and untimely rainfall is
  increasing the requirement for sustainable
  agriculture. By 2030, close to 90 of the major
  crops are forecast to experience a reduced or
  stagnant growth because of climate changes.
• This will result in a dramatic surge in average
  crop price. Rice, for instance, is slated to
  undergo 18 to 25 decrease in growth rate and
  close to 90 increase in the from 2016 to 2024.
  Sustainable farming to improve the soil
  productivity even in non-friendly climatic
  conditions, will drive the global controlled
  release fertilizers market.
• Rising gardening and landscaping demand in China,
  Japan, and India, will likely provide a growth
  opportunity to the Asia Pacific controlled
  release fertilizers market. By 2024, lawn and
  garden consumables in Asia Pacific will surpass
  USD 4 billion. Increasing disposable income and
  rising awareness about plantation and organic
  farming for ecological sustainability will
  account for the change of trend in the forecast
  timespan.

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China Controlled Release Fertilizers Market size,
by crop, 2013 - 2024 (USD Million)
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360 Analysis
Product Analysis Global controlled release
fertilizers market is categorized into polymer
coated NPK, polymer sulfur coated urea or sulfur
coated urea, polymer coated urea. Sulfur coated
urea and polymer sulfur coated urea fertilizers
will hold sway the overall controlled release
fertilizers market and accounted for over 40 of
the global share in 2015. Regional
Analysis Asia Pacific accounted for almost half
the overall controlled release fertilizers market
share in 2015. This growth is on the account of
huge agricultural land coupled with increasing
awareness about sustainable cultivation to meet
the growing food demand. Asia Pacific market
generated a revenue more than USD 1 billion in
2015 and will grow at a high CAGR of over 7
throughout the forecast timespan. Competitive
Market Share Global controlled release
fertilizers market has an intense competition
with various strategic decisions, mergers,
acquisitions, and partnerships by the market
participants. Key market players include Yara
International, Greenfeed Agro, Agrium, Inc.,
Israel Chemicals, Haifa Chemicals, Scotts
Miracle-Gro, ICL Specialty Fertilizers, Kingenta,
and several other chemical and agricultural
product companies.

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