Global controlled release fertilizer market set to grow by 6.7 per cent

Research and Markets' latest report into the global controlled release fertilizer market suggests the sector will grow by 6.7 per cent to 2021.

Global Controlled Release Fertilizer Market - Growth, Trends and Forecasts (2016 - 2021) suggests the market is estimated to grow at a compound annual growth rate of 6.7 per cent during the forecast period 2016-2021 from an estimated market value of $2739.5 million in 2015.

Increasing demand for high-efficiency fertilizers, shrinking farm land and land productivity, and environment friendly operation mode of the fertilizers are the key factors driving the market demand for controlled release fertilizers globally, says the report.

Growing demand from developing regions and increased government and industry support would help in sustaining the market growth in the forecast period. However, regulatory and environmental constraints for some coated products and high manufacturing cost are creating obstacles for market growth.

In the EU, a new ruling is changeing the rules for CRF sale. It could be sold in one EU country if the national government allows it. Otherwise the  rule change is effectively a ban across the EU because industry cannot comply with the change  until they develop and test a new product which they estimate will be five years.

Companies in the report include Yara, Scotts and Compo.

 


Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Read These Next

Business planning - The learning organisation

Business planning - The learning organisation

Learning, development and improvement are crucial in the uncertain business climate caused by Brexit, says Neville Stein.

Cytisus

Cytisus

These shrubs have stunning pea-like flowers, good scent and an undeserved reputation, Miranda Kimberley explains.

Glasshouse structures

Glasshouse structures

Higher crop prices and increasing demand for food are driving the latest advances, but what does the future hold for growers? Sally Drury investigates.


Seabrook On... Sensible pricing levels

Seabrook On... Sensible pricing levels

One of the big retail chains has flower seeds on sale at 25p a packet, while one of the specialist mail-order companies has six nigella plants on offer at £15 plus £4.95 carriage charges.

Production stars take innovation lead at UK Grower Awards and Garden Retail Awards

Production stars take innovation lead at UK Grower Awards and Garden Retail Awards

Over the past week it has been the great privilege of the Horticulture Week team to welcome more than 700 leading horticulture professionals to three great industry events - the Garden Retail Awards 2017, the UK Grower Awards 2017 and the third Garden Retail Summit, all hosted by Horticulture Week.

UK Grower Awards winners demonstrate exceptional talent

UK Grower Awards winners demonstrate exceptional talent

Welcome to this special presentation of the achievements of the outstanding winners of the UK Grower Awards 2017.


Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +
Horticulture Jobs
More Horticulture Jobs

Pest & Disease Tracker bulletin 

The latest pest and disease alerts, how to treat them, plus EAMU updates, sent direct to your inbox.

Sign up here

Are you a landscape supplier?

Horticulture Week Landscape Project Leads

If so, you should be receiving our new service for Horticulture Week subscribers delivering landscape project leads from live, approved, planning applications across the UK.