This market report provides in-detail view about coated fertilizers around the globe around the North America with special focus on Canada and U.S. U.S. & Canada Coated Fertilizers Market report further explains competitive analysis, regulatory market scenario and human demographics for evaluating the market competition. This report also describes present, historical and future market sizes (US$ Mn) based on crop type and product type. This report also presents crucial dynamics to recognize the driver, possible challenges to the key players working in the market and upcoming opportunities in the market.
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The U.S & Canada coated fertilizers market was valued US$ 389.2Mn in 2018 and anticipated to grow at crucial CAGR during 2020-2027 due to the continuously increasing population and high demand for efficient fertilizers. A few other factors that drive the market growth are constant decrease in cultivated land for each capita, shrinking farm, food demand and land productivity. If we take an example, the production and high intake of coated fertilizers is seen in U.S followed by regions such as Japan and Canada. But the high price of coated fertilizers as well as stringent regulatory policies is anticipated to hinder the market growth. Increasing global population, demand for food and fast urbanization, industry players been focusing more on improvement of food production with the use of efficient fertilizers. There is increasing demand for food and on the other hand farmland is constantly decreasing and hence effective fertilizers play important part for decreasing farm land to for the production of more food and fulfill the demand of the customers.
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United States obtained high profit share in U.S. & Canada coated fertilizers market witnessing significant CAGR and is anticipated to grow with growing CAGR over the forecast period due to some crucial factors like rising demand for best quality food production and constant reduction of farm lands in U.S during the forecast years enhancing the demand for coated fertilizers. Increase in acceptance of sustainable agricultural practices with protecting the surrounding from getting polluted leads to boost the market during the forecast period. In addition, launch as well as development of new fertilizers drives the market growth over the years to come.
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