DUBAI, UAE. 11th September
2019: Controlled-Release Compound Fertilizer
Market is expected to grow at a significant CAGR in the upcoming period
as the scope and its applications are rising enormously across the globe.
Controlled-release compound fertilizer is a granulated fertilizer that releases
minerals and nutrients slowly into the ground. These granules are insoluble in
water.
The factors that are playing a major role in the growth of
controlled-release compound fertilizer market are the rising use of enhanced
technologies for the production of controlled-release compound fertilizer.
However, the presence of substitutes like conventional fertilizers, lack of
awareness among consumers regarding benefits of controlled-release compound
fertilizer, and the government initiative for promoting conventional
fertilizers may restrain the overall market growth in the years to come. Market
is segmented based on types, product type, application, and region.
Request Sample Copy @
https://www.millioninsights.com/industry-reports/controlled-release-compound-fertilizer-market/request-sample
Non-polymer and polymer coated compound fertilizer are the
types that could be explored in controlled-release compound fertilizer market
in the forecast period. Polymer coated sector comprises polymer coated urea,
polymer sulfur coated urea, polymer coated mono-ammonium phosphate, and polymer
coated potassium nitrate. Polymer coated compound fertilizer sector accounted
for the substantial share of the market and is estimated to lead the overall
market in the years to come.
Urease inhibitor, slow- or controlled fertilizer, a nitrification
inhibitor, stabilized nitrogen fertilizer, and other product types could be
explored in the market in the forecast period.
The market may be categorized based on applications like
agricultural, professional, commercial lawn and turf, consumers, and others
could be explored in the forecast period. The agricultural sector comprises
fruits & vegetables and cereals & grains. The agricultural sector
accounted for the significant share of controlled release compound fertilizer
industry and is estimated to continue its dominance in the years to come. The
reason could be the growing demand from end-users. Also, the sector is
estimated to grow at the highest CAGR in the years to come.
Globally, North America accounted for the significant share
of the market and is estimated to lead the overall market in the years to come.
The reason behind the overall market growth could be the presence of key
manufacturers in the region and the growing demand from the end-users. The
United States is a major consumer of controlled-release compound fertilizer in
this region.
The Asia Pacific and Europe are also estimated to have a
positive influence on future growth. The Asia Pacific is the second largest
region with significant market share. The developing countries like India and
China are the major consumers of controlled-release compound fertilizer in this
region. However, Europe is estimated to grow at the highest CAGR in the
forecast period.
The key players of controlled-release compound fertilizer
market are SQM VITAS, Koch, Shikefeng Chemical, ICL, Kingenta, J.R.Simplot,
AGLUKON, Agrium, Haifa Chemicals, Florikan, and JCAM Agri. These players are
concentrating on inorganic growth to sustain themselves amidst fierce
competition.
Browse Complete
Report with TOC @ https://www.millioninsights.com/industry-reports/controlled-release-compound-fertilizer-market
On the basis of
product, this report displays the production, revenue, price, market share and
growth rate of each type, primarily split into
• Polymer Coated Compound Fertilizer
• Non-Polymer Coated Compound Fertilizer
On the basis on the
end users/applications, this report focuses on the status and outlook for major
applications/end users, consumption (sales), market share and growth rate of
Controlled-Release Compound Fertilizer for each application, including
• Professional
• Consumers
• Agriculture Industry
For More Information,
Visit Our Blog @ www.digitalmarket360.wordpress.com
No comments:
Post a Comment