Controlled Release Fertilizers Market
REPORT
Controlled Release Fertilizers Market - Global Industry Analysis,
Size, Share, Growth, Trends, and Forecast 2015 - 2023
Businesses operating in the Asia Pacific controlled release fertilizers market are facing intense competition,
despite its otherwise consolidated vendor landscape. According to a new study by Transparency Market
Research (TMR), the top two players, vis-à-vis, Shandong Shikefeng Chemical and Kingenta Ecological
Engineering held nearly 50% of the market in 2014. “While it might take some time before the current scenario
in the market is changed, companies are leaving no stone unturned to strengthen their foothold,” said a lead
TMR analyst.
Majorly, the companies operating in the Asia Pacific controlled release fertilizers market are using advanced
technologies to produce affordable specialty fertilizers, which in turn make one of the fastest growing segments
in the market. In the forthcoming years, these companies are likely to focus more on their production capacities
by setting up their business facilities across emerging markets. With this, they are also aiming for expanding
their regional footprint.
Browse Market Research Report @ http://www.transparencymarketresearch.com/asia-pacific-
controlled-release-fertilizers-market.html
According to TMR, the Asia Pacific controlled release fertilizers market is forecast to exhibit a CAGR of 7.2%
between 2015 and 2023. At this pace, the market’s valuation will reach US$2.1 bn by the end of 2023, from
US$1.1 bn in 2014. In Asia Pacific, India and China are expected to emerge as the most lucrative markets for
controlled releaser fertilizers. China emerged as the dominant consumer accounting for a share of nearly 75%
based on volume in 2014. In terms of application, the demand for controlled release fertilizers is expected to be
the highest from the cereals and grain crops segment.
Demand for Improved Crop Yield to Cater Rising Population will Boost Growth
The increasing population in Asia Pacific has enabled the controller release fertilizers market showcase positive
growth during the forecast period. As per the findings of the United Nations Economic and Social Commission,
Asia Pacific is home to nearly 4.4 bn people, which accounts for nearly 60% of the global population.
Considering this robust population base, the demand for food witnessed in Asia Pacific has exceeded the Rest of
the World by far. Besides this, the demand for proper shelter has risen unprecedentedly, resulting in dwindling
arable land. Given the scenario farmers in Asia Pacific are increasingly using controlled release fertilizers to
boost their agriculture yield and the quality of the land.
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