(PharmaNewsWire.Com, October 30, 2017 ) North America is the leading market for controlled release fertilizers market.
Controlled release fertilizers efficiently rise the nutrient accessibility for the plant by decreasing the nutrient loss to environment. They either gradually release the nutrients or transform them to different forms for loss reduction. Controlled release fertilizers cover the major share of enhanced efficiency fertilizers.
The advantages offered by controlled-release fertilizers to surge the efficacy of crop production, easiness of application, condensed application cost, environment-friendly properties, reduction in arable land have led to the growth of controlled-release fertilizers market. The growing food security issues always rise challenges for the fertilizer industry to deliver improvised and effective product. The complex production process is a major restraint for the North America controlled release fertilizers’ market.
North America market for controlled release fertilizers is segmented by type into Chemical Condensation Products, Coated and Encapsulated Fertilizers, Nitrogen Stabilizers and Other Controlled Release Fertilizers. Based on application the controlled release fertilizers market is segregated into crop based and non-crop based fertilizers. Crop based fertilizers are further divided into Grains & Cereals, Oil seeds and Fruits & Vegetables. While non-crop based fertilizers are bifurcated into Turf & Ornamental Grass and other non-crop based fertilizers. Crop based controlled release fertilizers segment is expected to increase at highest rate due to increase in demand for crops because of increase in population.
Geographically the North America market is segmented into USA and Canada. United States is the leader in production of cereals and grains which also increases the demand for fertilizers.
The global market for controlled release fertilizers is described with strong competition with the large number of big and small players. The Chisso Corporation, Shandong Shikefeng Chemical Industry Co. Ltd., Kingenta Ecological Engineering Group Co. Ltd., Scotts Miracle-Gro Company, Agrium, Yara International, Israel Chemicals Ltd. (Israel), Compo GmbH Co., Sociedad Quimica Y Minera S.A. and Haifa Chemicals Limited are some of the big players in controlled release fertilizer industry.
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