MarketandMarkets. 6 November 2016. The global controlled-release fertilizers market is projected to grow at a CAGR of 6.5% between 2014 and 2019. The market was dominated by North America, whichaccounted for around 40% of the total share, in 2013. The Asia-Pacific region is projected to be the fastest growing market owing to the growing demand of food products and environment-friendly agri-inputs.
Japan is projected to be the fastest growing market for controlled-release fertilizers, followed by China and India. The turf & ornamentals segment is projected to be the biggest and fastest-growing market for controlled-release fertilizers, globally, from 2014 to 2019. The cereals & oilseeds and fruits & vegetables segments are projected to grow significantly,at a CAGR of 6.6% and 6.2% respectively.
The global controlled-release fertilizers market is marked with intense competition due to the presence of a large number of both, big and small firms. New product launches, mergers &acquisitions,and partnerships and expansions are the key strategies adopted by market players to ensure their growth in the market. The market is dominated by players such as The ScottsMiracle-Gro Company (U.S.), CompoGmbH & Co. KG (Germany), Israel Chemicals Ltd. (Israel), SociedadQuimicay Minera S.A. (U.S.), Haifa Chemicals Ltd. (Israel), and Yara International ASA (Norway).