Controlled Release Fertilizers Market Banks on Benefits of Improved Agronomic Safety and Reduced Toxicity to Seedlings

The global controlled release fertilizers market is envisioned to be marked by companies that could focus on raising their production capacities to fulfill the mounting demand across the world. With a view to sustain a prominent status in the market, companies are expected to meet the dynamic needs of consumers by developing user-friendly technologies and products. Manufacturing controlled release fertilizers and also slow variants in the U.S. and the Netherlands, Israel Chemicals Limited Ordina has recently experienced a heavy trading volume of 254K shares, up 266.76% over daily volume average, according to an online news portal.
As per the statistics of a Transparency Market Research (TMR) report, the global controlled release fertilizers market could achieve a revenue of US$3.92 bn by 2024 from US$2.41 bn in 2015 at a 5.6% CAGR for the forecast period 2016–2024.


How will Controlled Release Fertilizers Compete against Traditional Fertilizers?
The very characteristic of controlled release fertilizers to hold up the availability of plant nutrients encompassed in a coated form for post-use application and plant uptake could lay a strong foundation for a propelling growth in the market. Traditional fertilizers are expected to be immensely dominated by controlled release fertilizers that offer a wealth of diverse advantages. Besides making their contribution to value-added agronomic safety, controlled release fertilizers could help in curbing toxicity to seedlings.
However, the world controlled release fertilizers market could witness a period of sluggish demand due to lack of awareness about the benefits and high cost in comparison with conventional counterparts. Nevertheless, expert analysts foresee the market to regain a telling demand for controlled release fertilizers on account of their potential applications in various verticals such as lawn care and turf grass.
Which Product will Control a Larger Share in Future?
With a 2.5 mn tons of demand anticipated to be secured by polymer sulfur coated urea by the end of 2024, it could well surpass other products in the international controlled release fertilizers market. In 2015, the demand was slightly over half of the expected in 2024. Factors such as reduced labor requirements, environment friendliness, and resource saving could be key for the growth of polymer sulfur coated urea in the market for controlled release fertilizers. This product is considered as an efficient alternative to urea.
The developing nations of Asia Pacific have cereals and grains, which are a highly significant application of controlled release fertilizers, as an indispensable portion of their traditional diets. Government encouragement to embrace sustainable agriculture practices for surging the production with efficient application of chemical fertilizers and rise in population are prognosticated to bolster the need for such crops, and eventually, controlled release fertilizers.
Asia Pacific could continue taking the lead in the demand for controlled release fertilizers. This could take shape on the back of the Association of Southeast Asian Nations (ASEAN), Japan, and China accounting for a majority of the share in the regional market.

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