Controlled-release Fertilizers Market worth $2,994.7 Million by 2019, According to a New Study on ASDReports

Thursday 16 October 2014, Amsterdam

The report now available on ASDReports, defines and segments the global controlled-release fertilizers market with analysis and forecasting of the global revenues for controlled-release fertilizers. It also identifies the driving and restraining factors of the market with analysis of trends, opportunities, burning issues, winning imperatives, and challenges.

The market is segmented and revenues are forecasted on the basis of major regions such as North America, Europe, Asia-Pacific, Latin America, and Rest of the World (RoW). The key countries are covered and their market sizes forecasted for each region. Further, the market is segmented and revenues are forecasted on the basis of applications.

Controlled-release fertilizers allow increased plant uptake and reduced potential for nutrient losses to the environment when compared to appropriate reference fertilizer products.The demand for controlled-release fertilizers continues to grow as they prove to be an efficient alternative to conventional fertilizers because of their low impact on the environment, resource-saving, and labor-saving attributes.

The enhanced efficient technology, ease of application, and the reduced application cost are driving factors for the global controlled-release fertilizers market, since these fertilizers help in increasing agricultural productivity.

The global market for controlled-release fertilizers was valued at $2,061.2million in 2013 and is projected to reach $2,994.7 million by 2019, at a CAGR of 6.5% from 2014 to 2019. North America dominated the global market. The Asia-Pacificregion is expected to be the fastest-growing market in the near future owing to the growing demand for food products in the region.

Growing environmental concerns, rising demand forfood, decreasing land availability, increasing health concerns, growing government support, and increasing private investments and venture funding to support new product developments are the key factors driving the growth of the controlled-release fertilizers market across the globe.