Grand View Research, Inc: Global Controlled-Release Fertilizers Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2015 To 2022
Global controlled-release fertilizers market is poised to witness significant growth over next seven years owing to increasing food demand coupled with declining arable land. High end-use efficiency and minimum wastage is projected to contribute to demand specifically in Asia Pacific and Latin America over the forecast period. Increasing private sector investments and government support in the form of tax credit & incentives is anticipated to complement market growth. Increasing nutrient usage with reduced nutrient loss attained by applying controlrelease fertilizers is projected to fuel market growth over the forecast period. Reduced toxicity and environmental risks principally for seedlings is projected to propel market growth. High application cost and storage limitations are projected to hamper controlled-release fertilizers market growth and pose challenges to industry participants over the forecast period. Production complexities coupled with salt gathering is expected to obstruct market growth.