The controlled-release fertilizers market was valued at USD 2,178.8 Million in 2014 and is projected to grow at a CAGR of 6.6% from 2015 to 2020. In 2014, the market was dominated by North America. The Asia-Pacific region is projected to grow at the highest CAGR from 2015 to 2020 both in terms of value and volume due to growth in population and the increasing demand for food products/materials and shortage of arable land.
Pune, India -- (SBWIRE) -- 03/09/2016 -- The report "Controlled-Release Fertilizers Market by Type (Condensation Products of Urea, Coated & Encapsulated Fertilizers, and N-stabilizers), Crop Type (Cereals & Oilseeds, Turf & Ornamentals, and Fruits & Vegetables) & Region - Global Trends and Forecast to 2020" analyzes the controlled-release fertilizers market, which is segmented based on the type, crop type and region. The controlled-release fertilizers market, based on type, includes condensation products of urea, coated & encapsulated fertilizers, N-stabilizers and others. The controlled-release fertilizers market, based on crop type, is segmented into cereals & oilseeds, turf & ornamentals, fruits & vegetables and others. The report includes the driving and restraining factors of the market with detailed analysis of opportunities and challenges. The market has been segmented on the basis of the key regions North America, Europe, Asia-Pacific, Latin America and the Rest of the World (RoW). The size of the markets in the key countries has also been covered and projected for each region.
Browse 101 market data tables with 56 figures across 173 pages and in-depth TOC on "Controlled-Release Fertilizers Market - Global Trends and Forecast to 2020"
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The Controlled-Release Fertilizers Market was valued at USD 2,178.8 million in 2014 and is projected to reach USD 3,196.5 million by 2020, at a CAGR of 6.6%. The condensation products of urea segment of this market are projected to reach 926.3 KT by 2020. The driving factors for controlled-release fertilizers market are increase in applications of controlled-release fertilizers such as high efficiency in crop production, ease of application, reduced application cost, environment-friendly properties, and decrease in the availability of arable land.
Growth in population and the increasing demand for food products/materials which resulted in an increase in the demand of controlled-release fertilizers. These factors provide opportunities for emerging market players. The costs of controlled-release fertilizers are higher than conventional fertilizers which is the major restraining factor for the market.
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The global controlled-release fertilizers market is segmented on basis of crop type. The crop types considered for the research are cereals & oilseeds, turf & ornamentals, fruits & vegetables and others. Types of controlled-release fertilizers are also classified in the segmentation. By crop type, Turf & ornamentals segment is projected to grow significantly at the highest CAGR of 6.6% from 2015 to 2020.
The controlled-release fertilizers market was valued at USD 2,178.8 Million in 2014 and is projected to grow at a CAGR of 6.6% from 2015 to 2020. Asia-Pacific is estimated to be the largest market for controlled-release fertilizers both in terms value and volume in 2015. Asia-Pacific region is projected to be the fastest-growing market with a CAGR of 7.7%, in terms of value, during the review period. Shortage of arable land in countries in Asia-Pacific region has resulted in the growth of the controlled-release fertilizers market in the Asia-Pacific particularly in developing countries such as India, China. The key players of controlled-release fertilizers market are undertaking strategic decisions of acquisitions, new product developments, expansions, and investments to maintain their position in the market. The key players in this market are Yara International ASA (Norway), Agrium, Inc. (Canada), Israel Chemicals Ltd. (Israel), The Scotts Miracle-Gro Company (Ohio) and Kingenta Ecological Engineering Group Co. Ltd. (China).
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