Controlled Release Fertilizer Market size worth $ 4895.6 Million, Globally, by 2030 at 6.91% CAGR: Verified Market Research®

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Global Controlled Release Fertilizer Market Overview

The rising population, increasing demand for food along with high demand from agricultural industries is anticipated to drive the Controlled Release Fertilizer Market over the forecast period. According to The Food and Agriculture Organization of the United Nations (FAO), total fertilizer nutrient demand is expected to reach 201.66 million tons by 2021. The nitrogen, potassium, and phosphorus used as fertilizer accounted for 110193, 39 473, and 48 264 thousand tons in 2021. Increasing demand for fertilizers is expected to positively impact the Controlled Release Fertilizer Market over the forecast period.

There are several benefits associated with the use of these fertilizers, including potential reduction of environmental impact, comparatively lower application costs than water-soluble fertilizers, and ease of use. The use of CRF eliminates the need for mixing and monitoring water-soluble fertilizers, as well as reduces the need for expensive injection equipment, thereby reducing labor costs. Furthermore, it also eradicates the occurrence of improper mixing of water-soluble fertilizer in the stock solution, responsible for the reduction in crop quality.

Key Developments

Key Players

The major players in the market are Nutrien Limited, Yara International ASA, Israel Chemicals Ltd, Haifa Group, Sociedad Quimica Y Minera De Chile SA, Scotts Miracle Gro, Compo GmbH and Co. KG, ATS (Growth Products), JNC Corporation (Chisso), Kingenta International.

Verified Market Research has segmented the Global Controlled Release Fertilizer Market On the basis of Type, Application, and Geography.

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Top 5 Organic Fertilizer Companies taking the green initiative forward at global level

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