Increasing Shift towards Sustainable Cultivation Fuels Demand for Controlled Release Fertilizers

Published By : 20 Apr 2016 | Published By : QYRESEARCH

The global market for controlled release fertilizers has been experiencing a high rise since the last few years. The increasing shift of farmers and agriculturists towards sustainable cultivation is fueling the demand for controlled release fertilizers across the world.

Asia Pacific has been dominating the global controlled release fertilizers market since the last few years. In 2015, it occupied a share of more than 50% in the overall market and was closely followed by Latin America and the Middle East and Africa. In Asia Pacific, China has acquired the leading position and is likely to remain the leader in the coming years. The economic slowdown, however, is projected to impact the growth rate of this market in China in the near future to a certain extent.

Polymer sulfur coated urea Enjoy Highest Demand in Global Controlled Release Fertilizers Market
Polymer coated NPK fertilizer, polymer coated urea, polymer sulfur coated urea, and other fertilizers such as coated micronutrients are the main products available in this market. Among these, polymer sulfur coated urea segment dominated the overall market in 2015 with a share of 45%. Analysts project this segment to maintain its lead in the coming years. Here is a snapshot of the performance as well as prospects of other segments of this market.

  • Polymer coated urea was acquired the second position in the global market in 2015 and is likely to report steady growth over the next few years.
  • In 2015, the consumption of controlled release fertilizers was the highest in the cereals and grains industry with a share of more than 45% in the overall consumption. This trend is expected to continue in the nearing future.

Agrium Inc., Ekompany Agro B.V., ICL Specialty Fertilizers, Kingenta Ecological Engineering Group Co. Ltd., Eurochem Agro Gmbh, Nufarm Ltd., Haifa Chemicals Ltd., Shikefeng Chemical Industry Co. Ltd., and ATS Group are the major producers of controlled release fertilizers in the global arena.

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