(MENAFN- The Express Wire) Key Companies Covered are COMPO EXPERT Nufarm Ltd. The Mosaic Company Yara International ASA Israel Chemicals Ltd. ScottsMiracle-Gro Nutrien Ltd. Koch Industries Helena Chemical Haifa Chemicals The Andersons Inc. Kingenta
The growing demand for slow-release fertilizers can have an excellent effect on the global market, states Fortune Business Insights, in a report, titled“ Coated Fertilizers market Size, Share and industry Analysis, By Type (Polymer-Coated Fertilizers, Sulfur-coated Fertilizers, Others), By Crop Type (Cereals, Oilseeds, and Pulses, Turf and Ornaments, Fruits and Vegetables, Others) and Regional Forecast, 2023-2030.” The growing availability of coated fertilizers are expected to boost the growth of the market during the forecast period.
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The report on the coated fertilizers market uncovers :
Eminent insights into the industry Important data with in-depth research Factors exhibiting market growth Comprehensive study about main regions COVID-19 impact on the market Prime developments in the industry
Market Driver:
Acquisition of Ruralco Holdings by Nutrien to Enable Growth
The increasing acquisition and collaborations among major companies can have an outstanding impact on the global market. For instance, in September 2019,Nutrien, Ltd. (Canada) signed an agreement to acquire Ruralco Holdings Limited Australia based company. This acquisition is expected to help Nutrien to provide significant benefits to its stakeholders as well as enhance the delivery of its products and services to Australian farmers. Furthermore, the growing utilization of coated fertilizers among farmers is expected to spur opportunities for the market. Favorable government policies for the production and availability of fortified and coated fertilizers in the developed as well as developing regions can boost the growth of the market in the forthcoming years. Also, the growing knowledge about the benefits of coated fertilizer owing to its capability to provide nutrient release with the duration of crop nutrient uptake can further fuel demand or such fertilizers. However, the additional production expense of coated fertilizer is expected to restrict its adoption, which, in turn, will retard the expansion of the market.
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Regional Analysis :
Thriving Agriculture Industry to Boost Market in Asia Pacific
The market in North America is expected to expand radically during the forecast period owing to the booming agricultural sector in the region. The U.S. is one of the leading consumers of coated fertilizers. The easy availability of advanced technologies and highly skilled professional farming techniques are expected to accelerate the growth of the market in North America. Asia Pacific is expected to rise excellently during the forecast period owing to the growing demand for high-value crops. The growing awareness about the environmental benefits of coated fertilizers among farmers will aid the speedy expansion of the market in the region. Moreover, the Increasing investment in research and development to develop innovative coated fertilizers can have an outstanding effect on the market in Asia Pacific. Improving the production capacities of major players can bolster the growth of the market in the region. Besides, supportive government policies for the production and availability of coated fertilizers can support the growth of the market in Asia Pacific.
Key Development :
June 2018 : Stamicarbon B.V. and Pursell Agri-Tech announced that they have expanded their fertilizer coating facility in Alabama.
The Report Lists the Key Companies in the Coated Fertilizers Market:
COMPO EXPERT Nufarm Ltd. The Mosaic Company Yara International ASA Israel Chemicals Ltd. ScottsMiracle-Gro Nutrien Ltd. Koch Industries Helena Chemical Haifa Chemicals The Andersons Inc. Kingenta
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Press Release Distributed by the express wire
To view the original version on The Express Wire visit enhancing nutrient efficiency: unveiling the coated fertilizers market for sustainable crop nutrition