According to a recent market research report published by Transparency Market Research, the global controlled release fertilizers market is anticipated to expand at a CAGR of 5.6% during the period between 2016 and 2024. The report, titled “Controlled Release Fertilizers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024,” projects the global controlled release fertilizers market to be worth US$3.92 bn by 2024. The overall market stood at a valuation of US$2.41 bn in 2015.