Hyderabad, India -- (SBWire) -- 02/05/2018 --Market Data Forecast has announced the latest addition of the "Controlled Release Fertilizers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2017–2022)" report to their offering.
Controlled release fertilizers are a type of fertilizers through which high efficiency is achieved by 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 and being supported by local governments. There are also rising concerns over the quality of the food produced by using fertilizers. This has created an unavoidable situation to use controlled release fertilizers 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, drought like conditions in regions of Middle East 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 as it may decrease the profit margins, especially to the low-income farmers. Also, there is a need to spread awareness about the benefits of usage of controlled release fertilizers in the developing regions of the world.
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Market Segmentation:
The report segments the market based on type into chemical condensation products, coated and encapsulated fertilizers, nitrogen fertilizers among others. Further, based on application the market is segmented under crop-based and non-crop based fertilizers.
Regional Overview:
By region, the market is categorized under North America, Europe, Latin America, Middle East and Africa and Asia-Pacific. North America holds the largest market share currently while the Asia-Pacific is expected to show rapid growth in the forecast period owing to the increased food demands of countries like China and India. Further, availability of ample agricultural land adds to the growth of the market in these regions.
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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.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
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