Controlled Release Fertilizers Market to Signify Strong Growth by 2023-2030

The global controlled release fertilizers market is anticipated to grow at a CAGR of around 6.4% during the forecast period. The prominent factor enhancing the growth of the global controlled release fertilizers market include growing demand for high-efficiency fertilizer for enhancing nutrients level within the crop and increasing adoption of smart farming products and techniques by farmers. Apart from these, growing demand for agricultural products across the globe due to surge in population is also the crucial factor generating the high demand for controlled and slow-release fertilizers. On the other hand, rise in investments in sustainable and eco-friendly fertilizers by market players in the developing markets offers new opportunities in the market. For instance, in July 2021, Phosul LLC has manufactured and lunched new phosphate fertilizer called Phosul 0-16-0-4 Grows with Nature TM. Approved for use in organic production with high P availability, long lasting source of phosphate, sulphur, calcium and silica. 

The market growth is also driven by the presence of prominent market players such as that are contributing to the growth of the market. The market players are highly inclined towards the adoption of new growth strategies such as mergers and acquisition, partnership, collaboration, new product development and others to stay in competition. In September 2021, Yara Suomi Oy acquired Ecolan Oy, a Finnish producer of recycled fertilizers. The acquisition represented company’s commitment to play a bigger role in organic farming and in contributing to the circular economy. 

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Market Coverage

•             The market number available for – 2023-2030

•             Base year- 2023

•             Forecast period- 2024-2031

Segment Covered- 

• By Type
• By Application
• By End-User

Regions Covered-

• North America
• Europe
• Asia-Pacific
• Rest of the World

Competitive Landscape- ICL Group, Haifa Group, Ekompany International BV, Nutrien Limited, and Florikan ESA LLC., among others. 

Controlled Release Fertilizers Market Report by Segment

 By Type

• Slow Release
• Nitrogen Stabilizers
• Coated and Encapsulated

By Application

• Grains and Cereals
• Pulses and Oilseeds
• Commercial Crops
• Fruits and Vegetables
• Turf and Ornamentals
• Others

By End-User

• Agricultural
• Non-agricultural

A full Report of Controlled Release Fertilizers Market is Available @  https://www.omrglobal.com/industry-reports/controlled-release-fertilizers-market

Controlled Release Fertilizers Market Report By Region

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

• Latin America
• Middle East and Africa 

Company Profiles 

• AGLUKON Spezialduenger GmbH & Co. KG
• ATS Euromaster Ltd.
• Compo GmbH and Co. KG
• Ekompany International BV
• Florikan ESA LLC
• Haifa Group
• Helena Chemical Co
• ICL Group
• Israel Chemicals Ltd
• JNC Corp
• Kingenta International
• Koch Fertilizer LLC
• Mivena BV
• Nufram Ltd.
• Nutrien Ltd.
• The Scotts Miracle-Gro Co
• SQM (Sociedad Quimica Y Minera De Chile SA)
• The Mosaic Co.
• Yara International ASA

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Article source: https://article-realm.com/article/Business/56980-Controlled-Release-Fertilizers-Market-to-Signify-Strong-Growth-by-2023-2030.html