CONTROLLED RELEASE FERTILIZERS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
Global controlled release fertilizers market is estimated to be valued at USD 2.45 Bn in 2024 and is expected to reach USD 3.46 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.05% from 2024 to 2031. Controlled release fertilizers play a pivotal role in efficient nutrient management practices by releasing nutrients in a controlled and sustained manner for plant uptake. These fertilizers aid in improved fertilizer use efficiency, balanced nutrition over an extended period as compared to conventional fertilizers. These help address challenges arising from volatility in fertilizer prices as well as over application leading to pollution. Their use has grown multifold over the last few decades across regions and crop types. With advancements in coating technologies, newer product formulations are being developed to cater to specific soil and crop requirements.
Market Dynamics
Global controlled release fertilizers market growth is driven by rising focus on sustainable agricultural practices. Growing awareness about environmental protection and efficient use of agrochemicals boosts its adoption. High crop yields with minimum fertilizer inputs offer economic incentives as well as reduce production costs. However, higher upfront costs of these fertilizers compared to conventional ones can hamper the market growth. Development of advanced slow-release mechanisms targeted at smallholder farmers can help address affordability issues. Furthermore, support from government initiatives and distributors plays a key role in market growth.
Key Features of the Study
- This report provides in-depth analysis of the global controlled release fertilizers market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global controlled release fertilizers market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Nutrien Ltd., The Scotts Miracle-Gro Company, Yara International ASA, ICL Group Ltd., Haifa Group, Agrium Inc., Osmocote (Everris), Koch Industries, Inc., Sinochem International Corporation, Arysta LifeScience Corporation, Compo Expert GmbH, UPL Limited, Aglukon Spezialdünger GmbH & Co. KG, Greenfeed Agro Co., Ltd., SQM (Sociedad Química y Minera de Chile)
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global controlled release fertilizers market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Market Segmentation
Market Segmentation
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