Albany, New York, Aug. 13, 2018 (GLOBE NEWSWIRE) -- Demand for controlled release fertilizers is prognosticated to witness a surge in demand due to their low level of toxicity, according to a market report published by Transparency Market Research (TMR). The global controlled release fertilizers market has a consolidated vendor landscape, wherein a handful of companies enjoy dominance. Top three players in the market almost contribute to half of the global share. The players are likely to siphon heavy amount of fund in research and development, to get an enhanced product in years to come. Some of the major players in the market are ATS Group, Ekompany Agro B.V, EuropChem Agro Gmbh, Specialty fertilizers, Kingenta Ecological Engineering Group Co., Scotts Miracle-Gro Company, and The Chisso Corporation.
Request A Sample Of Controlled Release Fertilizers Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6041
According to the Transparency Market Research, the global controlled release fertilizers market is likely to expand at a CAGR of 5.6% during the forecast period 2016-2024. In terms of volume the market is predicted to register a CAGR of 5.7% during the forecast period. The market is predicted to be worth at US$3.92 bn by the end of the assessed period. The global controlled release fertilizers market can be found as polymer coated urea, polymer coated NPK fertilizer, sulfur coated urea, and others. Amongst the pack the demand for polymer sulfur coated urea is likely to drive the global market as it is found to be a better substitute to urea because of its environmental friendliness. The demand for polymer surfer coated is foreseen to be at 2.5 mn by the end of the assessed period. Geographically, Asia Pacific is expected to contribute significantly in the years to come. During the forecast period CAGR of this region is likely to be 6.7%.
View in-depth table of contents for this report @ https://www.transparencymarketresearch.com/report-toc/6041
Rise in Demand from Food and Beverages Industry to Fuel Growth
Continuously rising population all across the world is playing the major role in fuelling the demand in the global controlled release fertilizers market. Rise in population is pushing the food and beverages market to produce food at a much faster thus resulting in depletion of more arable land. This has led the farmers to uptake controlled release fertilizer in order to fetch better yield. Increasing rate of urbanization has led to the fall of farming, thus increasing the use of controlled release fertilizers.
Request For Multiple Chapters on Global Controlled Release Fertilizers Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=MC&rep_id=6041
Shift to Better Quality Food Product Is Bolstering Market
Rise in disposable income of the people is one of the major factor pushing the growth of the market. As with the rise in income, population is preferring over high-end food such as organic food and meat of high quality. Increase in concern regarding for food safety is triggering the farmers to use controlled release fertilizers. Government of several countries after hearing complaints regarding the food concern have made sure the use of good quality of fertilizers thus bolstering the growth of the market. Apart from these factors, technological advancement in the farming sector has played a subsidiary role in pushing the growth of the market. However the surge in price of these fertilizers is deterring the growth of the market during the forecast period.
Ask for Discount on Premium Research Report (US$ 5795) With Complete TOC: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=6041
The information presented in this review is based on TMR report, titled “Controlled Release Fertilizers Market (Product – polymer Sulfur Coated Urea, Polymer Coated Urea, Polymer Coated NPK Fertilizer; Application – Cereals and Grains, Oilseeds and pulses, Fruits and Vegetables) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024”
The global controlled released fertilizers market is segmented into
Global Controlled Release Fertilizer Market Segmentation
By Product Analysis:
- Polymer sulfur coated urea/sulfur coated urea
- Polymer coated urea
- Polymer coated NPK fertilizer
- Others (including coated micronutrients)
By Application Analysis
- Cereals & grains
- Oilseeds & pulses
- Fruits & vegetables
- Others (turf, ornamental plants, etc.)
By Geography
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- K.
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of APAC
- Middle East and Africa
- Middle East
- Africa
Browse Popular Research Reports by TMR:
- Expanded Graphite Market: https://www.transparencymarketresearch.com/expanded-graphite-market.html
- Polypropylene Catalyst Market: https://www.transparencymarketresearch.com/polypropylene-catalyst-market.html
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact Us
Mr. Apoorv Tripathi
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Research Blog: https://cmfenews.com/