Controlled Release Fertilizers Market in Asia Pacific to reach USD 2 Billion by 2024

Some of the major companies involved in controlled release fertilizers market are Greenfeed Agro Sdn Bhd, ATS Group, Israel Chemicals, AgroBridge, etc.

Sellbyville, United States - October 15, 2019 /MarketersMedia/ —

Asia Pacific has a profound ground enhancing controlled release fertilizers market outlook. It is estimated to be the fastest growing industry with an annual growth rate projection of 7% over the forecasts period. The significant advancements in farming technology along with increasing adoption of upgraded methods across agro-based nations such as China, India is catering the regional market growth. Apart from this, spreading awareness about organic farming and increasing plantation for ecological sustainability is changing the regional market trends.

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Based on the various crops where these controlled release fertilizers are extensively applied, the industry is fragmented into cereals & grains, oilseeds & pulses, fruits, and vegetables. Cereals and grains being one of the primary food sources, accounted for a major portion (40%) of controlled release fertilizers market share in 2015, by collecting a revenue over USD 900 million. Driven by the strong need for usage of upgraded fertilizers to increase the productivity, controlled release fertilizers market from cereals & grains is slated to grow at a CAGR of 6% over the forecasts period.

Polymer sulfur coated urea also called sulfur coated urea dominated the product landscape in 2015, having held more than 40% of industry share. It is forecast that this segment based controlled release fertilizers market will exhibit a steady annual growth rate of 6% over the coming seven years, with a projected revenue over USD 1.75 billion by 2024. Polymer coated urea is also witnessing a noticeable demand in the market owing to its ecofriendly characteristics. Controlled release fertilizers market from this particular fertilizer is estimated to grow substantially at an annual rate of 5% over the coming seven years.

Fertilizers are an integral part of the crop cultivation process. They play an important role According to Food and Agriculture Organization, it is estimated that fertilizers can increase per unit grain produce by 55 – 57%. Governments in countries like China have laid stress on the use of the product which will have a positive impact on the product market over the forecast period. Increased venture funding and private investments in this industry will also have a positive impact on the development of the controlled release fertilizers market.

Browse key industry insights spread across 134 pages with 146 market data tables & 16 figures & charts from the report, "Controlled Release Fertilizers Market" in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/controlled-release-fertilizers-market

The controlled release fertilizers market is highly competitive with companies involved in strategic partnerships and mergers. Some of the major companies involved in manufacturing of the product are Greenfeed Agro Sdn Bhd, ATS Group, Israel Chemicals, AgroBridge, Yara International, Haifa Chemicals Ltd., Central Glass Co., Ltd., Eurochem Agro Gmbh, Agrium, Inc., ICL Specialty Fertilizers, Scotts Miracle-Gro, Kingenta Ecological Engineering Group Co., Ltd., etc. According to Global Market Insights, Inc., Controlled release fertilizers market is anticipated to exceed a revenue of USD 3.9 billion by 2024.

Glimpse of Table of Content (ToC)

Chapter 4 Controlled Release Fertilizers Product Insights

4.1 Controlled release fertilizers market share by product, 2015 & 2024

4.2 Polymer sulfur coated urea/sulfur coated urea

4.2.1 Global market estimates and forecast, 2013 – 2024

4.2.2 Global market estimates and forecast, by region, 2013 – 2024

4.3 Polymer coated urea

4.3.1 Global controlled release fertilizers market estimates and forecast, 2013 – 2024

4.3.2 Global market estimates and forecast, by region, 2013 - 2024

4.4 Polymer coated NPK fertilizer

4.4.1 Global controlled release fertilizers market estimates and forecast, 2013 – 2024

4.4.2 Global controlled release fertilizers market estimates and forecast, by region, 2013 - 2024

4.5 Others

4.5.1 Global market estimates and forecast, 2013 – 2024

4.5.2 Global market estimates and forecast, by region, 2013 - 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/controlled-release-fertilizers-market

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