Latin America Controlled Release Fertilizers Market

Latin America Controlled Release Fertilizers Market Size (2024 to 2029)

The Latin America controlled release fertilizers market size is expected to reach USD 482.22 million in 2024 and is anticipated to reach USD 655.13 million by 2029, estimated to be growing at a CAGR of 6.32% from 2024 to 2029.

Controlled release fertilizers are mainly used due to their advantages of using them as fertilizers include decreasing the use of resources, reduction in labor cost and environment friendly nature when matched with conventional fertilizers. They are also very effective and have the easiness of application.

The reducing arable land owed to fast development and increasing usage of land for reasons other than agriculture has elevated a perturbing question about decrease in the agricultural yield. It has become progressively difficult to keep up with rising demand for food and overpopulation. In an attempt to resolve these problems, farmers have augmented their uptake of controlled release fertilizers, which promise a rise in the productivity. High manufacturing cost of these fertilizers is hindering the growth of the controlled release fertilizers market.

This research report on the Latin America controlled release fertilizers market segmented and sub-segmented into the following categories.

Latin America Controlled Release Fertilizers Market Analysis By Type

• Chemical Condensation Products
• Coated and Encapsulated Fertilizers
• Nitrogen Stabilizers
• Other Controlled Release Fertilizers

Latin America Controlled Release Fertilizers Market Analysis By Application

• crop based
  • Grains & Cereals
  • Oil seeds
  • Fruits & Vegetables
• non-crop based fertilizers
  • Turf & Ornamental Grass
  • 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.

COUNTRY ANALYSIS

Geographically the Latin America market is segmented into

• Mexico
• Argentina
• Brazil

Mexico being the dominating country in the Latin America region for controlled release fertilizers market is expected to continue its dominance over the forecast period.

KEY PLAYERS IN THE LATIN AMERICA 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.