Controlled Release Fertilizers Market - Global Industry Analysis, Forecast 2016 – 2024

Transparency Market Research has released a new market report titled “Controlled Release Fertilizers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.” According to the report, the global controlled release fertilizers market was valued at US$2.41 bn in 2015 and is projected to reach US$3.92 bn by 2024, expanding at a CAGR of 5.6% between 2016 and 2024. Growth in population coupled with shift toward sustainable agriculture is expected to drive the controlled release fertilizers market during the forecast period. However, lack of awareness regarding the benefits of controlled release fertilizers and high cost compared to traditional chemical fertilizers may hamper market growth. Furthermore, prospective application of these fertilizers in the turf grass and lawn care industry is anticipated to provide ample growth opportunities to the market during the forecast period.

Controlled Release Fertilizers Market - Global Industry Analysis, Forecast 2016 – 2024

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