Controlled Release Fertilizer Market is Expected to Grow at a CAGR Value of 5% During Forecast Period 2022-2032
The impact of the COVID-19 outbreak has compelled several manufacturers and industries to rethink their operations to gradually recover from the losses incurred for years to come. The organic chemicals industry suffered a huge setback due to halted production and a limited supply of raw materials.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Controlled Release Fertilizer market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Controlled Release Fertilizer
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The report offers actionable and valuable market insights of Controlled Release Fertilizer. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Controlled Release Fertilizer Market across various industries and regions.
This newly published and insightful report sheds light on Market Insights of Controlled Release Fertilizer, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Controlled Release Fertilizer Market.
The study offers a comprehensive analysis on diverse features including production capacities, demand, product developments, revenue generation and sales in controlled release fertilizer market across the globe.
A comprehensive estimate on controlled release fertilizer market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of controlled release fertilizer during the forecast period. Price point comparison by region with global average price is also considered in the study.
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Controlled Release Fertilizer Market Segmentation
Fact.MR has studied the controlled release fertilizer market with detailed segmentation on the basis of product, crop and key regions.
- Polymer Sulfur Coated Urea/Sulfur Coated Urea
- Controlled Release Fertilizer
- Polymer Coated NPK
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
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Key Takeaways from the Market Study
- Controlled release fertilizer demand to mushroom 1.6x from 2021-2031
- By product, polymer coated NPK fertilizers are expected to generate 45% revenue by 2031
- Fruits & vegetables to account for over 2/5th revenue in the controlled release fertilizer market
- Controlled release fertilizers for cereals & grains to experience 1.5x growth
- Non-agricultural applications to yield 40% revenue across the market in the U.S
- China to emerge as the fastest growing region, clocking an impressive 10% CAGR
“The demand for controlled release fertilizers for optimal crop development has increased over the years. Easy availability of fertilizers along with the demand from developing regions is set to accelerate the sales across the forecast period,” says a Fact.MR analyst.
Prominent controlled release fertilizer manufacturers are effectively collaborating with or acquiring existing small, medium and large-scale manufacturers to expand their market presence. Key developments are as follows:
- In August 2021, Eurochem Agro Gmbh signed an agreement to acquire the Serra do Salitre phosphate project in Brazil. Currently, the project is 50% complete whereas fertilizer production is expected to commence from 2023. The acquisition is expected to help reduce dependence on third-party phosphate supplies, simultaneously generating phosphates and complex fertilizer production in Brazil
- In July 2020, Haifa Group signed a MoU with AgrIOT. This will help the company to detect nutritional deficiency in plants and recommend treatments through smartphones. The technology assists in addressing nitrogen, phosphorus and potassium deficiencies within plants and help farmers reduce future costs. It will also permit frequent monitoring of crop development
- In October 2021, Israel Chemicals Limited announced its decision to expand the existing partnership with Haldor Topsoe, intending to enter a long-term supply arrangement for potassium nitrate, an important inorganic fertilizer for crops
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Key Question answered in the survey of Controlled Release Fertilizer market report:
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- Growth of Controlled Release Fertilizer Market
- Market Analysis of Controlled Release Fertilizer
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- Key Drivers Impacting the Controlled Release Fertilizer market
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- Restraints Shaping Market Growth
- Market Survey of Controlled Release Fertilizer
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