The North American controlled-release fertilizers market size is expected to reach USD 1194.37 million in 2024 and reach USD 1542.58 million by 2029, growing at a CAGR of 5.25% from 2024 to 2029. North America is the leading market for controlled-release fertilizers.
Controlled release fertilizers efficiently rise the nutrient accessibility for the plant by decreasing the nutrient loss to environment. They either gradually release the nutrients or transform them to different forms for loss reduction. Controlled release fertilizers cover the major share of enhanced efficiency fertilizers.
The advantages offered by controlled-release fertilizers to surge the efficacy of crop production, easiness of application, condensed application cost, environment-friendly properties, and reduction in arable land have led to the growth of the controlled-release fertilizers market. The growing food security issues always raise challenges for the fertilizer industry in delivering improvised and effective products. The complex production process is a major restraint for the North American controlled-release fertilizers market.
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.
The United States is the leader in the production of cereals and grains, which also increases the demand for fertilizers.
The global market for controlled-release fertilizers is described as strong competition with a 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.
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