Research Nester has released a report titled “Enhanced Efficiency Fertilizer (EEF)Market – Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the global enhanced efficiency fertilizer (EEF) market in terms of market segmentation by solubility, coating, product, form, application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global enhanced efficiency fertilizer (EEF) market is segmented by product into controlled release fertilizers, slow release fertilizers and stabilized nitrogen fertilizers, out of which, the controlled release fertilizers segment held the largest market share. In the enhance efficiency fertilizer (EEF) market in North America, the segment reached a value of USD 286.25 million in the year 2019and is further anticipated to reach USD 477.63 million by the end of 2028.
The global enhanced efficiency fertilizer (EEF) market is anticipated to gain a CAGR of 6.11% throughout the forecast period 2020-2028on the back of the increasing applications of fertilizers in the agricultural field, backed by the growing demand to produce food in sufficient quantity, coupled with the growing initiatives of the government to boost the agriculture sector, and the launch of new and advanced cost-effective fertilizer products. Moreover, increasing research and development activities in the agrochemical industry is also anticipated to promote towards the growth of the global enhanced efficiency fertilizer (EEF) market in the coming years. The market is further anticipated to garner a value of USD 3802.05 million by the end of 2028 from a value of USD 2345.60 million in the year 2019. Additionally, the global enhanced efficiency fertilizer market is also expected to grow by 1.6x and achieve an absolute $ opportunity of USD 1383.5 million during the forecast period. The market is also anticipated to gain an incremental $ opportunity of USD 72.95 million in the year 2020 as compared to the previous year.
Regionally, the global enhanced efficiency fertilizer (EEF) market is segmented into five major regions including North America, Latin America, Europe, Asia Pacific, Turkey & Middle East and Africa. The Asia Pacific enhanced efficiency fertilizer (EEF) market, which registered the largest market share of 47.12% in the year 2019 is expected to garner an incremental $ opportunity of USD 40.9 million in the year 2020 as compared to the previous year. The market in the region is further anticipated to grow with the largest CAGR of 6.70% during the forecast period.
Growing Agriculture Industry and Increasing Government Initiatives
Farmers worldwide are increasingly adopting numerous agricultural fertilizers in combination with the advanced farming methods on the back of the increasing demand for food as well as to increase crop productivity and the productivity of the farmland. Favourable initiatives by the government of developing and developed nations, in terms of increasing subsidies to farmers, growing agricultural investments and others are also anticipated to drive the growth of the global enhanced efficiency fertilizer (EEF) market.
However, the high costs of enhanced efficiency fertilizers and the concern for the availability of other low-priced alternatives are some of the factors anticipated to limit the growth of the global enhanced efficiency fertilizer (EEF) market.
This report also provides the existing competitive scenario of some of the key players of the globalenhanced efficiency fertilizer (EEF)market, which includes company profiling ofKoch Agronomic Services, LLC, Haifa Group, Ekompany International B.V., Israel Chemicals Ltd. (ICL) (NYSE: ICL), SaviolifeS.r.l., Yara International ASA (OTCMKTS: YARIY), Nutrien Ltd. (NYSE: NTR), Helena Agri-Enterprises LLC, AgroLiquid and DeltaChem GmbH.The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the globalenhanced efficiency fertilizer (EEF)market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.