Controlled-release
fertilizers are type of fertilizers used to minimize the potential
loss of nutrients to the environment. It delays the availability of
the nutrients for plant uptake and extends the availability period as
compared to rapidly available or conventional fertilizers. The
nutrient release pattern in conventional fertilizers is fully
dependent on climatic conditions and soil characteristics; whereas in
the case of controlled-release fertilizers, the release pattern can
be predicted to a certain extent. Controlled-release fertilizers can
be classified as follows: organic-N low solubility compounds,
inorganic low solubility compounds and fertilizer release by a
physical barrier. Organic-N low solubility compounds are manufactured
by condensation of urea and its products. Such urea products include
urea formaldehyde, crotonylidene urea and isobutylidene urea. The
physical barrier type includes coating or encapsulation of
fertilizers. Coating material used could be resins, inorganic
materials and mineral based coatings. Inorganic low solubility
fertilizers include inorganic complexes such as ammonium phosphates.
Growing
demand for food globally is expected to drive the controlled-release
fertilizers market. Demand for food is increasing with the same rate
as the global population is increasing. Controlled-release
fertilizers offer advantages over the conventional fertilizers. The
advantages include resource savings, labor cost reduction and
environmentally friendly nature. These also offer advantages such as
high efficiency and ease of application. As the release is in a
controlled manner, nutrients are available for longer time and do get
degraded due to environmental conditions.
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However,
high prices of the controlled-release fertilizers are expected to
hamper the market growth. As the development and processing cost of
the controlled-release fertilizer increases, it adds up to the final
product price. The cost of resins, coating material and inorganic
materials is high and subject to supply-demand dynamics in that
market. This dynamics affect the final price of controlled-release
fertilizers. Furthermore, the use of controlled-release fertilizers
is limited to horticulture, ornamental and other high value
applications only.
Rising
demand in Asia Pacific region is expected to be an important
opportunity for the players in the market. The price of final
products would come down as the larger scale production is expected
to achieve during the next few years. Reduction in price would
increase the adoption rate in the region.
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North
America emerged as the largest market for controlled-release
fertilizers in terms of production and consumption.
Controlled-release fertilizers are used for ornamental, agriculture
and horticulture purpose in the region. Agricultural application is
expected to grow at the fastest pace in the next few years. Europe
followed the North America in terms of consumption of
controlled-release fertilizers. Environmental regulations support and
enforce the use of controlled-release fertilizers due to its
eco-friendly nature. Demand in Asia Pacific was submissive in the
past few years; however adoption of controlled-release fertilizers is
expected to boost the market in the region. In few countries such as
the Philippines and Nepal, limited exposure and awareness about
controlled-release fertilizers have limited the use of these
fertilizers. Countries like China and India are expected to grow at a
faster rate due to increasing exposure and awareness of
controlled-release fertilizers.
Some
of the key players in controlled-release fertilizers market include
Dow AgroSciences LLC, Uniroyal Chemical, BASF SE, Mitsui Toatsu Co.,
Nitto Ryuso, Israel Chemicals Limited, Agrium Inc., Haifa Chemicals
Ltd., Yara International ASA, Tessenderlo Group, Sociedad Quimica Y
Minera S.A., Compo GmBH & Co. Kg, Kingenta Ecological Engineering
Group Co., Ltd. and Aglukon Spezialduenger GMBH & Co.Kg among
others.
This
research report analyzes this market on the basis of its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
North
America
Asia
Pacific
Europe
Middle
East and Africa
Latin
America
This
report provides comprehensive analysis of
Market
growth drivers
Factors
limiting market growth
Current
market trends
Market
structure
Market
projections for upcoming years
This
report is a complete study of current trends in the market, industry
growth drivers, and restraints. It provides market projections for
the coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed
profiles of top industry players. The report also includes a review
of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
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