Global Water
Soluble Fertilizer Market strategic research study
offers company accounts, industry investors, and industry members with
consequential insights to enable them to make reliable strategic decisions
regarding the opportunities in the global market.
In this report, we
thoroughly examine and analyse the Global market for Water Soluble Fertilizer
so that market participants can improve their business strategy and ensure
long-term success. This report provides players with useful information and
suggests result-based ideas to give them a competitive advantage in the global Water
Soluble Fertilizer industry. It will show how other players compete in the
global Water Soluble Fertilizer Market and explain the strategies you use to
differentiate yourself from other participants.
This Research Report
Answers the Following Questions:
·
How Water
Soluble Fertilizer market
will grow in the coming year?
·
Will the COVID-19 pandemic surge the demand for such platforms?
·
How are key companies planning to promote benefits of Water Soluble Fertilizer?
·
What are the industry growth drivers, obstacles, and dynamics?
·
Which segment is expected to lead in the coming years?
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The global water soluble fertilizer market
size was USD 12.5 billion in 2015 and is anticipated to reach USD 22.0 billion
by 2024. Increasing demand from wide range of fustigation application coupled
with increasing awareness and adoption of micro irrigation systems is anticipated
to boost the global demand for water soluble fertilizers.
Growing demand and need for superior yield
owing to increasing world population, reduction in arable land, and great
demand of biofuels is expected to impact the global demand for water soluble fertilizers.
Harmful ecological impacts of over/high fertilization, including pollution of
ground water, disturbances in environment life sciences, and increase in area
under ocean dead zones are expected to restrict the market growth.
Increasing awareness among farmers across
emerging economies coupled with technology driven farm practices. High priced
crops including vegetables and fruits are expected to drive the market demand.
Growing protection of cultivated crops is estimated to attract growers around
the globe since it offers good returns on investment. Large number of growers
entered into the greenhouse system of agriculture production industry to
achieve higher rates of return for their products. The use of these fertilizers
is expected to be highly seasonal and improved, thus protected crop production
is anticipated to drive the market demand for fertilizer products, particularly
for water-soluble fertilizers.
On the basis of fertilizer type, the global
market has been segmented into Nitrogen, sulphur, iron, chlorine, magnesium,
calcium, Phosphate, and potassium which include secondary and micro nutrients.
Nitrogen is expected to be the widely used element in the market and is
expected to continue its dominance owing to its easy availability and It is
used to synthesize proteins, amino acids, enzymes, nucleic acids, and
chlorophyll. Nitrogen nutrients can be further classified into Urea, ammonium
sulphate, nitrate, and calcium nitrate.
Phosphate is expected to witness significant
growth rate over the next seven years It stimulates root formation and shoot
growth at the early stages of plant growth. lack of Phosphorus levels in plants
may result in poor seed and fruit development and also reduces the growth of
plants significantly. Phosphorus is particularly important and widely used in
cool weather. Starter fertilizers constitute more of these nutrients in huge
amounts. Potassium is expected to have moderate growth rate over the forecast
period. This element helps the plants to resist diseases and boosts root
growth. Potassium nutrients improve cold hardness and helps in increasing the
size of fruits and vegetables. Signs of potassium lack or deficiency include
slow growth, shriveled fruit, weak plants, and leaf burning at margins or tip
On the basis of application, water soluble
fertilizer market has been segmented into fertigation and foliar. Fertigation
is expected to be the largest segment in terms of revenue and market share
owing to its wide applications among various crops. Fertigation processes
involve injection of soil amendments, water-soluble products and fertilizers
into an irrigation system. Foliar feeding is a method of nourishing plants by
applying the liquid fertilizer to their leaves. Plants and crops are able to
absorb essential nutrients through their leaves. This absorption is carried out
through their stomata and also through their epidermis.
On the basis of crop type, the market has
been segmented into Field Crops, Horticultural Crops and Turf &
Ornamentals. Field corps constitutes the largest segment in the global market
owing to its wide applications across the globe. These crops are grown for
agricultural purposes and are consumed by people. Growing population and demand
for vegetables and fruits is expected to be the driving factor for the market
growth in this segment.
North America is expected to the largest
regional segment in the global market. Extensive use of bio fuels has increased
the demand for fertilizers and is driving the growth in this region High
consumption of meat and meat products has been driving the high use of
fertilizers in North America as it increases the demand in animal feed and feed
products.
Increasing adoption rate of merchandize and
micro irrigation processes in the Asia Pacific region, is expected to witness
significant growth rate for water soluble fertilizers key players in the market
are Yara International, The Mosaic Company, Agrium Inc., ICL Fertilizers,
PotashCorp, CF Industries. Other industry participants include QAFCO, Haifa
Chemicals, SinoFertK+S AG, Uralchem, and SQM
The water-soluble fertilizers market is
expected to be highly fragmented with major players driving the growth through
expansions, agreements, new product launches and acquisitions, to develop their
position in the market. These strategies were followed by the industry
participants to expand their global presence and enhance their product
portfolio.
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