Published on : Aug 11, 2020
ResearchMoz.us has announced the addition of a report, titled “Global Slow/Controlled Release Fertilizers Market Professional Survey Report 2019”. The study on the slow/controlled release fertilizers market offers insights into the key factors shaping the growth dynamics, shares and size of key segments, and the intensity of competition. The reports provides an in-depth assessments of the size of various applications, and the adoption trends that are prominent in various key regional markets.
The analyses include insight into the growth curve of key types in the slow/controlled release fertilizers market such as binary compound fertilizers and NPK compound fertilizers. The study also takes a closer look at the agricultural practices that play crucial role in the expansion of various emerging markets.
The drive for slow/controlled release fertilizers market stems from the need for high-performance fertilizer and urea products for improving the productivity in the agriculture sector. The growing demand for high-value crops in several developing economies is a key trend boosting the market. This is important measure to help growers to meet the rising demands for food in worldwide populations. The cost-effectiveness of these fertilizers has to do with the fact that they do not need injection equipment. Furthermore, they are environmentally friendly and need fewer application by farmers.
In various parts of the world, the market has witnessed a robust impetus from the governments framing favorable policies. Advances in controlled-release technology that focus on moisture and temperature are paving way to product innovation. Over the past few years, precision management has caught momentum to manage crop-specific nutrients.
Various players are expected to focus on product differentiation to gain a competitive edge over others in the slow/controlled release fertilizers market. Among the various regions, they are likely to focus on the emerging economies in Asia Pacific.
Further, the growing traction that precision agriculture farming methods are getting with farmers and agriculturists across the region is opening several revenue streams for players in the market. The receding farming land available for crops may be one of the factors motivating the need for such technologies in various parts of the world.
However, slow controlled release fertilizers have seen only limited uptake, reasons having to do with the lack of awareness and lack of access. Furthermore, there is risk of counterfeit products. Nonetheless, in coming years, the market will see new avenues on the back of the need for agriculture to employ precision technologies.
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Some of the key application areas are cereals and grains, oilseeds and pulses, and fruits and vegetables. Key regional markets for slow/controlled release fertilizers are North America, Europe, China, Japan, Southeast Asia, and India.
Some of the prominent players in the slow/controlled release fertilizers market are Han Feng Inc, Shikefeng Chemical Industry Company Limited, Helena Chemicals, Chisso Asahi Fertilizer, Aglukon Spezialduenger, LUXI Group, Compo GmbH, Sociedad Quimica y Minera (SQM), Scotts Miracle-Gro, Yara International, Haifa Chemicals, and Agrium.