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The North America Controlled Release Fertilizers Market value exceeded USD 953 Thousand in 2017 and is predicted to see growth of 4.0% to reach USD 1.26 Billion by 2024.
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North America Controlled Release Fertilizers Market size may cross USD 1.26mn by 2024: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
Key Insights from North America Controlled Release Fertilizers Market: • Graphical Research says, North America Controlled Release Fertilizers Market to reach USD 1.26mn by 2024 • Controlled release fertilizers (CRF) have been proved to be an effective substitute to the conventional fertilizers, on account of their resource-saving and environmentally friendly features. • As per the WHO report, an increase of 50% in agricultural yield will be needed to fulfil the growing food demand across the globe. Controlled release fertilizers will hold robust potential in future years to suit the advanced agricultural practices. • CRF have long operational life; they not only improve the fertility of land, but also enhance the crop yield. • North America controlled release fertilizers market will observe highest gains by polymer sulfur coated urea over the forecast period with a CAGR above 4 ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
Continued... • Cereals & grains contributed above 15% share in 2017 in North America controlled release fertilizer market. • The regional CRF industry will have the highest demand for other crops segment involving: ornamental plants, turf, etc. with a share over 65% over the forecast period. • Key manufacturers in the market have been: ICL Specialty Fertilizers, Haifa Chemicals, Scotts Miracle-Group, etc. Manufacturers have been investing in advanced fertilizer compositions for instance, ICL launched Osmocote Iron CRF in November 2016, which was designed to increase the nutrient efficiency of plants - lacking iron. The product involved ICL’s E-Max Release Technology, for delivering a steady supply of sulfur and iron. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
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