VALLEY COTTAGE, New York, October 1, 2018 /PRNewswire/ --
FMI presents detailed analysis and delivers key insights on the global controlled and slow release fertilizers market in its latest report titled 'Controlled and Slow Release Fertilizers Market Forecast, Trend Analysis & Competition Tracking - Global Review 2018 to 2028'. The long-term outlook on the global controlled and slow release fertilizers market is positive with the controlled and slow release fertilizers market pegged at a value of US$ 4,791 Mn in 2018. It is expected to reach US$ 10,222.4 Mn by 2028 end, growing at a value CAGR of 9.1%. Among the segments by type, the encapsulated/coated controlled and slow release fertilizers segment is expected account for the lion's share in terms of value and volume over the forecast period. The encapsulated/coated controlled and slow release fertilizers segment is expected to expand at a relatively higher CAGR. Among regions, Asia Pacific excluding Japan (APEJ) is anticipated to retain its dominance throughout the forecast period while growing at a rate of 11.1% from 2018 to 2028. In this report, FMI throws light on the drivers and restraints likely to impact the controlled and slow release fertilizers market during this period.
Global Controlled and Slow Release Fertilizers Market Dynamics
Market insights suggest that the global controlled and slow release fertilizers market will witness high growth during the forecast period, which can be attributed to the growing population and decreasing agricultural land. Growing food consumption and increasing need for effective fertilizers are pushing the market for controlled and slow release fertilizers. The need for higher output with fewer resources is the driving the development of new technologies in the agricultural industry. With the use of conventional fertilizers, it is not possible to satisfy the growing demand for food. The use of slow and controlled release fertilizers improves the yield and saves labour. New developments such as increase in the longevity and performance of coated fertilizers are pushing the market for controlled and slow release fertilizers in agricultural as well as commercial applications. The slow release of nutrients allows fertilizers to last longer and thereby increase fertilizer performance, which is driving the demand for controlled and slow release fertilizers.
Request a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-1559
Urea reaction products also accounted for a significant share of the controlled and slow release fertilizers market; however, the increasing popularity of encapsulated coated fertilizers is expected to dominate the urea reaction product segment during the forecast period. The superior longevity of encapsulated/coated products as compared to that of urea reaction products is expected to push the growth of the encapsulated/ coated segment during the forecast.
Global Controlled and Slow Release Fertilizers Market Segmentation Analysis
The controlled and slow release fertilizers market has been segmented on the basis of application into agricultural, commercial lawn and turf and others.
On the basis of application, the agricultural segment is anticipated to dominate the controlled and slow release fertilizers market in terms of value and volume over the forecast period
The agricultural segment is also projected to grow at a relatively higher CAGR over the forecast period. It is expected to represent a total incremental opportunity of US$ 3,863 Mn between 2018 and 2028 in the global controlled and slow release fertilizers market
Controlled and Slow Release Fertilizers Market Segmentation by Type- Urea Reaction Products ,Encapsulated/ Coated; Application- Agricultural ,Commercial Lawn and Turf ,Others: https://www.futuremarketinsights.com/reports/controlled-and-slow-release-fertilizer-market
Global Controlled and Slow Release Fertilizers Market Regional Forecast
Regionally, APEJ accounted for over 47% of the global controlled and slow release fertilizers market value while North America accounted for the second largest share in the controlled and slow release fertilizers market. APEJ is projected to be the fastest growing region with a CAGR of 11.5% during the forecast period. Large population base and rapid population growth, improving economic conditions, change in eating habits and increasing food consumption are some of the important factors driving the demand for controlled and slow release fertilizers.
Global Controlled and Slow Release Fertilizers Market Competition Landscape
The report highlights some of the top companies operating in the global controlled and slow release fertilizers market, including Kingenta Ecological Engineering Group Co. Ltd., Israel Chemicals Ltd (ICL), Yara International ASA, Agrium Inc., Haifa Chemicals Ltd., Koch Fertilizer LLC and Aglukon Spezialduenger GmbH & Co. KG., among others.
Our advisory services are aimed at helping you with specific, customised insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/askus/rep-gb-1559
More from Chemicals & Materials:
- Furfuryl Alcohol Market Segmentation By Application (Corrosion Inhibitor,Foundry Resin,Solvents (Pharmaceutical and Others),Others (Adhesives, Lubricants etc.)); By Source Type (Sugarcane Bagasse Raw Material,Corn Cob Raw Material,Others (Wheat bran, oats, wood, etc.): https://www.futuremarketinsights.com/reports/furfuryl-alcohol-market
- Calcite Market Segmentation By Type ( GCC, PCC); By Size (Fine, Coarse); By Application (Paper and Pulp,Polymer and Plastics,Paints and Coatings,Cement,Adhesives and Sealants,Agriculture,Others): https://www.futuremarketinsights.com/reports/calcite-market
- Sodium Metabisulphite Market Segmentation: By Grade - Food Grade, Industrial/Technical Grade; By End Use Industry - Food and Beverage, Photography and Films, Water Treatment, Mining, Textile, Paper and Pulp, Chemical, Others: https://www.futuremarketinsights.com/reports/sodium-metabisulfite-market
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.
Browse More Chemicals & Materials
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
T (UK): + 44 (0) 20 7692 8790
SOURCE Future Market Insights