The Global Controlled-Release Fertilizers Market was valued US$ 4.2 Bn. in 2019 and is forecasted to grow at CAGR of 9.1%, to reach US$ 10.1 Bn. during the forecast period from 2020 to 2027.
Market Definition:
Controlled-Release Fertilizers are also known as CRFs is a sustainable products that are coated to provide the longevities effect on soil. These are the granulated fertilizers, which enhanced an efficiency of fertilizers and gradually releases nutrients and essential minerals into the soil. Furthermore, the global Controlled-Release Fertilizers market was valued US$ X.XX Bn and is expected to reach X.X Bn by 2027, at a CAGR of 6.7% during a forecast period. In 2019 approximately XX Mn tonnes of Controlled-Release Fertilizers were manufactured universally. In terms of regional production, China Based Company Hanfeng Evergreen is leading the Controlled-Release Fertilizers production amongst other regions.
The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and the same is reflected in our analysis.
Based on Application, Fertigation with a market share of XX % is expected to grow at the CAGR of XX % during the forecast period. The widespread utilization and spurring demand for high-value concentrated crops yields such as plantation crops (pepper, cocoa, and rubber), fibre crops (cotton and jute) and ornamentals.
Global Controlled-Release Fertilizers Market: Geographical Analysis
Regionally, North America is a dominant market and is estimated to grow at CAGR of XX % during the forecast period. The growth is attributed due to escalating demand for food, presence of well-established manufacturers and shortage of arable land which in turn propel the demand for Controlled-Release Fertilizers in this region.
Nonetheless, Asia Pacific is estimated to have as the fastest slow-release fertilizers (CRF) region growing at a CAGR of 7.1% in the forthcoming future. This is escalating due to growing population especially in emerging countries, virtually 60% of the global population is inherited in China and India are propelling the demand for food all over the region. Furthermore, China is the largest consumers and producers of Controlled-Release Fertilizers, with an annual production of XX.X tons globally, due to innovative agricultural products & increasing R&D coupled with the presence of large vendor namely Kingenta International, Hangfeng Evergreen, etc.
Competitive Analysis: Global Controlled-Release Fertilizers Market:
Market players in the Global Controlled-Release Fertilizers Market appear to be uneven because of several large and small players. Large players implemented various growth strategies such as acquisition, partnership, collaborations, expansions product launches and other crucial aspects to lessen the competition in the competitive landscape and Key players include Yara International ASA (Norway), EuroChem Agro Gmbh (Germany), and Kingenta Ecological Engineering Group Co. Ltd. (China).
The objective of the report is to present a comprehensive analysis of the Global Controlled-Release Fertilizers Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
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Key Trends: Development & Acquisition
• In September 2019, Nutrien, Ltd. (Canada) proclaimed acquisition with Ruralco Holdings Limited (Ruralco). During this agreement, Nutrien contributed notable benefits to its stakeholders as well as improve the performance of its products and provision to Australian farmers.
• In August 2019, (NorwayYara International ASA) collaborated with Nel Hydrogen Electrolyser, for low-carbon-footprint fertilizer crop production at Yara’s plant in Porsgrunn, Norway. This plan was approved by the Research Council of Norway, Enova and Innovation Norway through the PILOT-E presentation.
• In March 2019, Norway (Yara International ASA) originated Yaralix, a device for efficiency farming, enabling the farmers to estimate crop nitrogen demands using their smartphones. The operation consisted of a free-to-download application that was invented to handle the smartphone camera to manage nitrogen claims for diverse crops in the initial growth stages.
The report also helps in understanding Global Controlled-Release Fertilizers Market dynamics, structure by analyzing the market segments and projects the Global Controlled-Release Fertilizers Market size. Clear representation of competitive analysis of key players By Product, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Controlled-Release Fertilizers Market make the report investor’s guide
Global Controlled-Release Fertilizers Market1
Scope of the Global Controlled-Release Fertilizers Market:
Global Controlled-Release Fertilizers Market, By Type
• Slow-Release
• Coated & Encapsulated
• N-Stabilizers
Global Controlled-Release Fertilizers Market, By Product
• Polymer Sulfur Coated Urea
• Polymer Coated Urea
• Polymer Coated NPK
• Others
Global Controlled-Release Fertilizers Market, By Application
• Foliar application
• Fertigation
• Soil
• Other modes of application
Global Controlled-Release Fertilizers Market, By Crop Type
• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Plantation Crops
Global Controlled-Release Fertilizers Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
Global Controlled-Release Fertilizers Market, key Players
• Nutrien Ltd. (Canada)
• Yara International ASA (Norway)
• ICL (Israel)
• ScottsMiracle-Gro (US)
• Koch Industries (US)
• Helena Chemical (US)
• Kingenta (China)
• SQM (Chile)
• Haifa Chemicals (Israel)
• JCAM AGRI. (Japan)
• COMPO EXPERT (Germany)
• Nufarm Ltd. (Australia)
• The Andersons Inc. (US)
• Van Iperen International (Netherlands)
• Mosaic Company (US)
• OCI Nitrogen (Netherlands)
• AgroLiquid (US)
• DeltaChem (Germany)
• SK Specialties (Malaysia)
• Pursell Agri-Tech (US)
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