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Controlled release fertilizers market to reach US$3.92 bn by 2024

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This review is based on Transparency Market Research’s report, titled “Controlled Release Fertilizers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.” According to the research report, the global controlled r
Transparency Market
Research
Controlled Release Fertilizers Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast
2016 - 2024
Published Date
19-April-2016
201 Page Report
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Press Release
Developing User and Environment-Friendly Products to
Change the Game for Controlled Release Fertilizers, Says
TMR
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90, State Street, Suite 700.
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Controlled Release Fertilizers Market
REPORT DESCRIPTION
Controlled Release Fertilizers Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast 2016 - 2024
The top four players operating in the global controlled release fertilizers market as of 2015 were Kingenta
Ecological Engineering Group Co., Ltd., Shandong Shikefeng Chemical Industry Co. Ltd., Agrium, Chisso
Corporation. These players collectively held a dominant share of 49.1% in 2015. In the coming years,
companies are expected to develop user-friendly products and technologies that will cater to the ever-changing
consumer needs to remain in the leading positions. Furthermore, companies will also work towards increasing
their production capacities to meet the growing demand for fertilizers across the globe.
According to the research report, the global controlled release fertilizers market will be worth US$3.92 bn by
2024 as compared to US$2.41 bn in 2015, as the market expands at a CAGR of 5.6% between 2016 and
2024.
“This move will make leading players turn towards emerging markets for cheap labor and local manufacturers
to cut down their production costs and optimize their resources,” observes the lead author of this research
report. Additionally, establishing long-term connections with suppliers to raw material for procuring them at
fixed costs will also help manufacturers prevent any disruptions due to price volatility.
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Depleting Arable Land Forces Farmers to Opt for Controlled Release Fertilizers
The problem of population explosion has led to depletion of arable land, which has created a situation of
growing demand for higher food consumption and lower yield. Reconciling these issues has led to an
outstanding demand for controlled release fertilizers in the past few years. These fertilizers are known to
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enhance the agricultural yield, which is a pressing need of hour due to rapid urbanization and drop in the
number of farming jobs as the younger population is seeking other occupations.
Rising disposable incomes has also generated a demand for high-value food items such as organic food
produce and high-quality meat. The growing concerns of food security have coaxed several governments
across the globe to adopt these fertilizers to increase their produce and reduce their dependency on food
imports. Furthermore, the growing initiatives of farmers to modernize their farming techniques have also led a
significant uptake in the consumption of controlled release fertilizers.
Lack of Awareness about Benefits of Controlled Release Fertilizers Dissuades Market
Though these fertilizers are made from conventional chemical fertilizers, additives such as resins and polymer
coatings impact their prices. Thus, despite the advantages of controlled release fertilizers, the market is facing
issues such as increasing prices of these fertilizers, which has dissuaded many farmers to invest in these
products. Furthermore, lack of awareness about benefits of controlled release fertilizers in the emerging
economies, which happen to be the significant markets as well, is also hampering the growth of this market.
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Asia Pacific Maintains its Leading Stance During the Forecast Period
The polymer sulfur coated urea/sulfur coated urea segment is anticipated to lead the global market at a steady
CAGR of 6.3% in terms of revenue. Its advantages over other fertilizers such as resource saving, labor saving,
and environment-friendly properties have made it a popular type of fertilizer.
Geographically, this market is segmented into regions such as Europe, North America, Asia Pacific, Latin
America, and the Middle East and Africa. Out of these, Asia Pacific is expected to be the significant regional
segment in the coming years. This regional demand will be led by China as the demand to feed the exploding
population base continues to ask for higher crop yields in the near future. The report suggests that the Asia
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Pacific controlled release fertilizers market will progress at a CAGR of 6.7% between 2016 and 2024, in terms
of revenue.
This review is based on Transparency Market Research’s report, titled “Controlled Release Fertilizers
Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.”
Key Takeaways:
•
Global controlled release fertilizers market to be worth US$3.92 bn by 2024 as farmers maximize yield
from limited arable land
•
Asia Pacific controlled release fertilizers market expands at a CAGR of 6.7% between 2016 and 2024
•
Polymer sulfur coated urea/sulfur coated urea remains the extensively used product in the global
controlled fertilizers market
The report segments the global controlled release fertilizers market into:
Controlled Release Fertilizers Market – Product Analysis
•
Polymer sulfur coated urea/sulfur coated urea
•
Polymer coated urea
•
Polymer coated NPK fertilizer
•
Others (including coated micronutrients)
Controlled Release Fertilizers Market – Application Analysis
•
Cereals & grains
•
Oilseeds & pulses
•
Fruits & vegetables
•
Others (turf, ornamental plants, etc.)
Controlled Release Fertilizers Market – Regional Analysis
North America
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•
U.S.
•
Rest of North America (RoNA)
Europe
•
France
•
Italy
•
U.K.
•
Germany
•
Spain
•
Rest of Europe
Asia Pacific
•
China
•
Japan
•
ASEAN
•
Rest of Asia Pacific (APAC)
Latin America
•
Brazil
•
Rest of Latin America (LATAM)
Middle East & Africa
•
GCC
•
South Africa
•
Rest of Middle East & Africa (MEA)
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TABLE OF CONTENT
Chapter 1 Preface
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1.1 Report Description
1.2 Market Segmentation
1.3 Research Scope & Assumptions
1.4 Research Methodology
Chapter 2 Executive Summary
2.1 Controlled Release Fertilizers Market, 2015 - 2024, (Tons) (US$ Thousand)
2.2 Controlled Release Fertilizers: Market Snapshot, 2015 & 2024
Chapter 3 Controlled Release Fertilizers – Industry Analysis
3.1 Introduction
3.2 Value Chain Analysis
3.3 Market Drivers
3.3.1 Growth in Population
3.3.2 Shift Toward Sustainable Agriculture
3.4 Restraints
3.4.1 Lack of Awareness and High Cost Compared to Conventional Chemical Fertilizers
3.5 Opportunity
3.5.1 Prospective Applications in Lawn & Garden Industry
3.6 Porter’s Five Forces Analysis
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3.6.1 Bargaining Power of Suppliers
3.6.2 Bargaining Power of Buyers
3.6.3 Threat of New Entrants
3.6.4 Threat of Substitutes
3.6.5 Degree of Competition
3.7 Controlled Release Fertilizers Market: Market Attractiveness, by Application
3.8 Controlled Release Fertilizers Market: Market Attractiveness, by Country
3.9 Company Market Share Analysis (% Share, 2015)
Chapter 4 Price Trend Analysis
4.1 Controlled Release Fertilizers Market Price Trend Analysis, 2015–2024 (US$/Ton)
Chapter 5 Controlled Release Fertilizers Market – Product Analysis
5.1 Controlled Release Fertilizers Market: Product Analysis
5.2. Controlled Release Fertilizers Market for Polymer Sulfur Coated Urea/Sulfur Coated Urea, 2015 - 2024
(Tons) (US$ Thousand)
5.2. Controlled Release Fertilizers Market for Polymer Coated Urea, 2015 - 2024 (Tons) (US$ Thousand)
5.2. Controlled Release Fertilizers Market for Polymer Coated NPK Fertilizer, 2015 - 2024 (Tons) (US$
Thousand)
5.2. Controlled Release Fertilizers Market for Others, 2015 - 2024 (Tons) (US$ Thousand)
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Chapter 6 Controlled Release Fertilizers Market – Application Analysis
6.1 Controlled Release Fertilizers Market: Application Analysis
6.2 Controlled Release Fertilizers Market for Cereals & Grains, 2015 - 2024 (Tons) (US$ Thousand)
6.2 Controlled Release Fertilizers Market for Oilseeds & Pulses, 2015 - 2024 (Tons) (US$ Thousand)
6.2 Controlled Release Fertilizers Market for Fruits & Vegetables, 2015 - 2024 (Tons) (US$ Thousand)
6.2 Controlled Release Fertilizers Market for Others, 2015 - 2024 (Tons) (US$ Thousand)
Chapter 7 Controlled Release Fertilizers - Regional Analysis
7.1 Controlled Release Fertilizers Market Volume Share by Region
7.1 North America
7.1 North America Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.1 North America Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$ Thousand)
7.1 North America Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.1 North America Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$
Thousand)
7.1 U.S. Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.1 U.S. Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$ Thousand)
7.1 U.S. Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.1 U.S. Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$ Thousand)
7.1 Rest of North America Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
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7.1 Rest of North America Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$
Thousand)
7.1 Rest of North America Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.1 Rest of North America Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$
Thousand)
7.2 Europe
7.2 Europe Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.2 Europe Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$ Thousand)
7.2 Europe Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.2 Europe Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$ Thousand)
7.2 France Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.2 France Controlled Release Fertilizers Market Revenue, by Product,, 2015 – 2024 (US$ Thousand)
7.2 France Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.2 France Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$ Thousand)
7.2 Italy Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.2 Italy Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$ Thousand)
7.2 Italy Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.2 Italy Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$ Thousand)
7.2 UK Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.2 UK Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$ Thousand)
7.2 UK Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
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7.2 UK Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$ Thousand)
7.2 Germany Controlled Release Fertilizers Market Volume, by Product,, 2015 – 2024 (Tons)
7.2 Germany Controlled Release Fertilizers Market Revenue, by Product,, 2015 – 2024 (US$ Thousand)
7.2 Germany Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.2 Germany Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$ Thousand)
7.2 Spain Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.2 Spain Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$ Thousand)
7.2 Spain Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.2 Spain Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$ Thousand)
7.2 Rest of Europe Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.2 Rest of Europe Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$ Thousand)
7.2 Rest of Europe Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.2 Rest of Europe Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$
Thousand)
7.3 Asia Pacific
7.3 Asia Pacific Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.3 Asia Pacific Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$ Thousand)
7.3 Asia Pacific Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.3 Asia Pacific Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$ Thousand)
7.3 China Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
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7.3 China Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$ Thousand)
7.3 China Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.3 China Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$ Thousand)
7.3 Japan Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.3 Japan Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$ Thousand)
7.3 Japan Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.3 Japan Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$ Thousand)
7.3 ASEAN Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.3 ASEAN Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$ Thousand)
7.3 ASEAN Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.3 ASEAN Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$ Thousand)
7.3 Rest of Asia Pacific Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.3 Rest of Asia Pacific Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$
Thousand)
7.3 Rest of Asia Pacific Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.3 Rest of Asia Pacific Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$
Thousand)
7.4 Latin America
7.4 Latin America Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.4 Latin America Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$ Thousand)
7.4 Latin America Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
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7.4 Latin America Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$
Thousand)
7.4 Brazil Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.4 Brazil Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$ Thousand)
7.4 Brazil Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.4 Brazil Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$ Thousand)
7.4 Rest of Latin America Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.4 Rest of Latin America Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$
Thousand)
7.4 Rest of Latin America Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.4 Rest of Latin America Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$
Thousand)
7.5 Middle East & Africa
7.5 Middle East & Africa Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.5 Middle East & Africa Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$
Thousand)
7.5 Middle East & Africa Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.5 Middle East & Africa Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$
Thousand)
7.5 GCC Countries Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.5 GCC Countries Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$ Thousand)
7.5 GCC Countries Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
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7.5 GCC Countries Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$
Thousand)
7.5 South Africa Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.5 South Africa Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$ Thousand)
7.5 South Africa Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.5 South Africa Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$ Thousand)
7.5 Rest of MEA Controlled Release Fertilizers Market Volume, by Product, 2015 – 2024 (Tons)
7.5 Rest of MEA Controlled Release Fertilizers Market Revenue, by Product, 2015 – 2024 (US$ Thousand)
7.5 Rest of MEA Controlled Release Fertilizers Market Volume, by Application, 2015 – 2024 (Tons)
7.5 Rest of MEA Controlled Release Fertilizers Market Revenue, by Application, 2015 – 2024 (US$ Thousand)
Chapter 8 Company Profiles
8.1 ATS Group
8.2 AgroBridge (Malaysia)
8.3 Shikefeng Chemical Industry Co. Ltd
8.4 Greenfeed Agro Sdn Bhd
8.5 Haifa Chemicals Ltd.
8.6 Hanfeng Evergreen Inc.
8.7 Nufarm Ltd
8.8 HIF TECH SDN. BHD.
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8.9 Eurochem Agro Gmbh
8.10 Compo GMBH & Co. KG
8.11 Kingenta Ecological Engineering Group Co., Ltd.
8.12 Central Glass Co., Ltd.
8.13 ICL Specialty Fertilizers
8.14 Scotts Miracle-Gro Company
8.15 Ekompany Agro B.V.
8.16 The Chisso Corporation
8.17 Agrium Inc.
Chapter 9 List of Customers
Chapter 10 Primary Research - Key Findings
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