(PharmaNewsWire.Com, October 30, 2017 ) Europe being the largest producer of Fruits and Vegetables is estimated to observe strong growth in controlled release fertilizers market.
Controlled release fertilizers are type of fertilizers which is used to decrease the probable loss of nutrients to the environment. It stays the availability of the nutrients for plant consumption and extends the availability period of the nutrients as compared to conventional fertilizers.
The development toward growing use of coated controlled-release fertilizers is likely to continue. Controlled release fertilizers are an effective alternate to conventional fertilizers due to their advantages like environment friendly, resource saving, and labor saving. On the other hand, because of their high price comparative to conventional fertilizers, their use is still limited mainly to turf, horticultural and ornamental applications.
Europe 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 Europe market is segmented into Germany, U.K., France, Italy and Spain. Italy and Spain regions are estimated to grow at the highest rate in the forecast period for the controlled release fertilizers market.
The 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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