The analysts forecast global controlled-release fertilizer market to grow at a CAGR of 5.60% during the period 2018-2022. The latest trend gaining momentum in the market is extensive mergers, acquisitions, partnerships, and innovation among active vendors.
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The global controlled-release fertilizer market experiences extensive mergers and acquisitions mainly for product expansion.
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Many vendors in the market are into product innovations for the identification of new application areas and to improve the performance of the fertilizer to increase product consumption by end-users. In 2016, Nutrien, one of the leading manufacturers of controlled-release fertilizers came up with an environmentally friendly fertilizer called as Environmentally Smart Nitrogen (ESN), which is basically a coated fertilizer that works on soil moisture and atmospheric temperature.
Major key players in the global controlled-release fertilizer market: Nutrien, BASF, ICL, Kingenta, The Mosaic Company, and Yara.
According to the controlled-release fertilizer market report, one of the major drivers for this market is Better When compared to other coated and non-coated fertilizers. Proper nutrient management is completely dependent on four R’s, i.e., right nutrient, at the right time, at the right rate, and in the right place for the selected crop.
Controlled-release fertilizers, slow release fertilizers (SRFs), and quick release fertilizers (QRFs) belong to the category of enhanced efficiency fertilizers or specialty fertilizers. Controlled-release fertilizers and SRFs are coated fertilizers, whereas QRFs are non-coated fertilizers.
Further, the controlled-release fertilizer market report states that one of the major factors hindering the growth of this market is Higher prices for engineered fertilizers than conventional fertilizers. One of the most important restraining factors for the growth rate of the market is the high cost of the product.
The price for engineered fertilizers is very high when compared to conventional fertilizers like urea and NPK fertilizers.
Key questions answered in this report:
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
Report at www.reportsnreports.com/.aspx?name=1317636.
Few Points from List of Exhibits:
Exhibit 1: Parent market
Exhibit 2: Global agrochemicals market
Exhibit 3: Market characteristics
Exhibit 4: Market segments
Exhibit 5: Market definition - Inclusions and exclusions checklist
Exhibit 6: Market size 2017
Exhibit 7: Validation techniques employed for market sizing 2017
Exhibit 8: Global controlled-release fertilizer market Market size and forecast 2017-2022 ($ mn)
Exhibit 9: Global controlled-release fertilizer market Year-over-year growth 2018-2022 (%)
Exhibit 10: Five forces analysis 2017
Exhibit 11: Five forces analysis 2022
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2017
Exhibit 18: Application Market share 2017-2022 (%)
Exhibit 19: Comparison by application
Exhibit 20: Cereals and grains Market size and forecast 2017-2022 ($ mn)