Slow-Release Fertilizers Market Size, Share, Demand, Future Growth, Challenges and Competitive Analysis
Data Bridge Market Research analyses that the slow-release fertilizers market will project a compound annual growth rate (CAGR) of 6.60% during the forecast period of 2022-2029. Growing cultivation of cereals and grains, pulses, fruits and vegetables and other crops especially in the developing economies, increasing focus on the latest trends in the market, growing application of advanced and modern agricultural practices to improve the quality of produce, high growth in emerging countries coupled with high adoption of innovative technologies, and increasing industry competitiveness are the major factors attributable to the growth of slow-release fertilizers market.
Slow-release fertilizers are granulated fertilizers that are used to release nutrients in the soil to improve the productivity. Slow-release fertilizers are used to slowly and steadily supply the nutrients in the soil.
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Scope of the Slow-Release Fertilizers Market Report:
The global slow-release fertilizers market is segmented on the basis of technology, type, mode of application and end-use. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of technology, the slow-release fertilizers market is segmented into polymer coating, sulfur-based coating, and urea reaction product.
- Based on type, the slow-release fertilizers market is segmented into urea formaldehyde, urea isobutyraldehyde, urea acetaldehyde, and others.
- Based on the mode of application, the slow-release fertilizers market is segmented into fertigation, foliar, soil, and other modes of application.
- The slow-release fertilizers market is also segmented on the basis of end-use. The end-use is segmented into non-agricultural, and agricultural. Non-agricultural has been further segmented into turf and ornamentals, nurseries and greenhouses, and other non-agricultural end uses. Agricultural has been further segmented into cereals and grains, oilseeds and pulses, vegetables, fruits, and plantation crops. Cereals and grains have been further segmented into soybean, canola, cotton, and other oilseeds and pulses. Vegetables have been further segmented into roots and tubers, and brassicas. Fruits have been further segmented into citrus fruits, berries, and other fruits.
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Some of the major players operating in the slow-release fertilizers market are Hanfeng Evergreen., LUXI GROUP, EcoChem., Yara, Mosaic, DAYANG CHEM (HANGZHOU) CO., LTD., Shanxi Lvhai Agrochemicals, MITSUI & CO., LTD., UPL, BASF SE, Bayer AG, DuPont., Dow., Syngenta Crop Protection AG, LANXESS, FMC Corporation, ADAMA., ICL Fertilizers, Helena Agri-Enterprises, LLC, Borealis AG and SABIC among others.
Slow-Release Fertilizers Market Regional Analysis/Insights
The Slow-Release Fertilizers market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Slow-Release Fertilizers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Slow-Release Fertilizers within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Slow-Release Fertilizers market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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