The Growing Demand For Better Crop Yield Is A Significant Factor Influencing The Controlled Release Fertilizers Market Growth.
The Global Controlled Release Fertilizers Market Is Forecasted To Reach USD 3,543.3 Million By 2027, According To A New Report By Reports And Data. Growing Demand For Fertilizers For High Crop Yield Is One Of The Significant Factors Influencing The Controlled Release Fertilizers Market Growth. Fertilizers Allow Farmers To Increase Their Crop Yield By Boosting The Productivity Of The Agricultural Land, As Well As Can Make An Otherwise Less Productive Land Produce Substantial Yields. Fertilizers Are Formulated To Support The Yield Of Certain Plants By Allowing The Plants To Absorb The Essential Macro And Micronutrient Easily. The Worldwide Demand For Fertilizers Has Witnessed A Decent Pace Of Growth, With The Demand Being More Than 138 Million Tons In The Year 2000 And Rose To Around 210 Million Tons In The Year 2019.
The COVID-19 impact:
The COVID-19 pandemic is having a significant impact on the Controlled Release Fertilizers industry. Demand for Controlled Release Fertilizers is suffering severe shocks across various end-use markets, worldwide supply chains are upset, and the competitive order of manufacturers/producers has witnessed a change. The shortage of demand has fast-tracked the global chemical sector into an oversupply situation. The lack of free movement of the labor force required for the application of fertilizers in the agricultural fields is lacking, thereby hindering the growth of the market in the COVID-19 pandemic. Movement restrictions appear to be a direct and immediate effect, and once the compulsory social distancing ends, it is expected things would get back to normal conditions.
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Top Companies: Mosaic Company, Koch Industries, Nutrien Limited, Haifa Chemicals, Nufarm Limited, The Andersons Inc., Yara International ASA, SQM, Deltachem, And Helena Chemical, Among Others.
The Usage Of Controlled Release Fertilizers Can Decrease Labor Costs By Eradicating The Necessity To Mix And Observe Water-Soluble Fertilizers And Confines The Requirement For Expensive Injection Devices.
The Controlled Release Fertilizers Have Long-Term Environmental Benefits As The Release Of Nutrients Is Slow And At The Rate, Which Is Optimal For Plant Usage. Also, The Nutrients Leached During Watering Are Least Than Using Water-Soluble Fertilizers.
Fertigation Held A Significant Market Size In 2019 As It Offers A Frequent Nutrient Supply, Thereby Maintaining Soil Nutrient Concentration.
The Market In The Asia Pacific Region Contributed To The Largest Controlled Release Fertilizers Market Share In 2019. The Market Dominance Of The APAC Region May Be Attributed To The Presence Of Key Producers In The Region. Moreover, High Demand For Food, Owing To The Presence Of A Growing Population In Developing Economies, Such As India And China, And The Easy Availability Of Raw Materials.
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Market Segmentation:
Type Outlook (Revenue, USD Billion; 2017-2027)
Slow-Release
Urea-Formaldehyde
Urea-Isobutyraldehyde
Urea-Acetaldehyde
Others
Coated Encapsulated
Sulfur Coatings
Polymer Coatings
Others
Nitrogen Stabilizers
Nitrification Inhibitors
Urease Inhibitors
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
Online
Offline
Application Outlook (Revenue, USD Billion; 2017-2027)
Foliar
Fertigation
Soil
Others
End-Use Outlook (Revenue, USD Billion; 2017-2027)
Agriculture
Non-Agriculture
Regional Outlook:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Key Questions Covered In The Global Controlled Release Fertilizers Market Report:
- What Is The Expected Market Size Of The Global Controlled Release Fertilizers Market During The Forecast Period?
- What Factors Are Expected To Hamper Global Controlled Release Fertilizers Market Growth Over The Forecast Period?
- Which Application Segment Is Expected To Dominate Other Application Segments Over The Forecast Period?
- Which Region Is Expected To Dominate In Terms Of Revenue During The Forecast Period?
- What Are The Key Outcomes Of Porter’s Five Forces Analysis And SWOT Analysis?
- Which Leading Players Are Operating In The Global Controlled Release Fertilizers Market?
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