The growing demand for better crop yield is a significant factor influencing the controlled-release fertilizers market growth.
Market Size – USD 2,203.4 Million in 2019, Market Growth – CAGR of 6.1%, Market Trends –Growing global population.
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.
Furthermore, the report is furnished with the latest impact of the COVID-19 pandemic on the market. The pandemic has affected every segment of the market, along with bringing disruption in the supply chain, demands & trends, and financial difficulties. The report covers the initial and future assessment of the COVID-19 impact on the market.
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The report essentially evaluates the significant presence of the global Controlled-Release Fertilizers market across the world’s major regions. The global Controlled-Release Fertilizers market has been categorized into several key geographical regions. North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa are the leading Controlled-Release Fertilizers market regions. In this section of the report, the authors have examined the market share, market size, revenue contribution, sales network, distribution channels, and numerous other aspects of each geographical segment.
Reports and Data’s latest report sums up the significant changes in the global business sector that followed the COVID-19 outbreak. The pandemic has also had an enormous impact on the global Controlled-Release Fertilizers market, disrupting the market dynamics and trends. The global health crisis has gravely affected the Controlled-Release Fertilizers industry, disrupting the global supply chains and bringing about volatility in prices and product demand. However, industry experts believe that the global Controlled-Release Fertilizers market will regain traction in the post-COVID scenario. The report further offers a preliminary and a future assessment of the pandemic’s impact on this lucrative business space.
Key findings of the report:
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.
Key participants include Mosaic Company, Koch Industries, Nutrien Limited, Haifa Chemicals, Nufarm Limited, the Andersons Inc., Yara International ASA, SQM, DeltaChem, and Helena Chemical, among others.
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For the purpose of this study, the global Controlled-Release Fertilizers market has been segmented on the basis of disease type, application, distribution channel, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
Coated & Encapsulated
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
End-Use Outlook (Revenue, USD Billion; 2017-2027)
Table Of Contents:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Controlled-Release Fertilizers Market Segmentation & Impact Analysis
4.1. Controlled-Release Fertilizers Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
126.96.36.199. Growing demand for better crop yield
188.8.131.52. Growing global population
184.108.40.206. Growing demand for high-value-crops
220.127.116.11. Surging demand for fertilizers in emerging markets
4.2.3. Market restraints analysis
18.104.22.168. Availability of substitutes
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
4.9. Customer Mapping
4.10. Covid-19 Impact Analysis
4.11. Global Recession Influence
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