The global controlled-release fertilizers market is projected to grow at a CAGR of 6.5% between 2014 and 2019. The market was dominated by North America, whichaccounted for around 40% of the total share, in 2013. The Asia-Pacific region is projected to be the fastest growing market owing to the growing demand of food products and environment-friendly agri-inputs.
Japan is projected to be the fastest growing market for controlled-release fertilizers, followed by China and India. The turf & ornamentals segment is projected to be the biggest and fastest-growing market for controlled-release fertilizers, globally, from 2014 to 2019. The cereals & oilseeds and fruits & vegetables segments are projected to grow significantly,at a CAGR of 6.6% and 6.2% respectively.
The global controlled-release fertilizers market is marked with intense competition due to the presence of a large number of both, big and small firms. New product launches, mergers &acquisitions,and partnerships and expansions are the key strategies adopted by market players to ensure their growth in the market. The market is dominated by players such as The ScottsMiracle-Gro Company (U.S.), CompoGmbH & Co. KG (Germany), Israel Chemicals Ltd. (Israel), SociedadQuimicay Minera S.A. (U.S.), Haifa Chemicals Ltd. (Israel), and Yara International ASA (Norway).
This report estimates the market size of the global controlled-release fertilizers market in terms of volume (KT) and value ($Million). In this report, the market is broadly segmented based ontype, crop type, and geography. Market drivers, restraints, and challenges, raw material, and product price trends are discussed in detail. Market share, by participant, for the overall market is discussed in detail. The global market has grown exponentially in the last few years and this growth is expected to continue. Factors such as high efficiency, ease of application, and reduced application costsare increasing the market for controlled-release fertilizers, globally.
Scope of the report
This research categorizes the global controlled-release fertilizers market based on type, crop type, and geography:
Based on type:
- Condensation products of urea
- Coated & encapsulated products
- N stabilizers
Based on crop type:
- Cereals & oilseeds
- Fruits & vegetables
- Turf & ornamentals
Based on geography:
- North America
- Latin America