Global Water soluble fertilizer Market is anticipated to mask a significant CAGR of 5.9% during the forecast period i.e. 2017-2024.
New York, United States – July 20, 2018 —
The global Water soluble fertilizer Market is segmented in By Type (Nitrogenous, Micronutrients, Potassium, Phosphatic); By Application (Fertigation, Foliar, Drip); By Grades (NPK 19:19:19, NPK 00:00:50, NPK 13:00:45, NPK 28:28:28, NPK 18:18:18, Water Soluble Calcium Nitrate, Urea Phosphate); By Crop Type (Ornamental Crop, Field Crops, Horticulture Crops), Others and by regions. Water soluble fertilizer Market is anticipated to mask a significant CAGR of 5.9% during the forecast period i.e. 2017-2024.
Water soluble fertilizers are basically homogeneous compounds that are dissolved in water and they contain all the essential nutrients and macronutrients required by plants. These fertilizers are usually less quantity more quality products. It fulfills the plant’s need of nutrients along with its need of water. With the growing scarcity in various regions, the need for spray fertilizers is going to increase over the forecast period.
North-America is expected to hold the highest shares in the Water Soluble Fertilizers Market owing to the increasing demand for foods in families due to rise in population is expected to increase the market growth. North-America will be followed by Europe in terms of revenue generation. Asia-Pacific is expected to grow at a steady rate owing to the adoption of micro-irrigation techniques across the countries such as Japan, China and India.
Increasing Government Initiatives
Rising number of initiatives by the government of various countries to increase their agricultural production is anticipated to increase the water soluble fertilizers market across the globe.
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Arrival of new technologies
New product offering and introduction of micro-irrigation are expected to behave as propelling factors further strengthening the market growth over the forecast period. However, cost constraints along with reduced adoption of spray technology are some of the aspects that are predicted to hamper the growth of the water soluble fertilizers market over the forecast period.
The report titled “Global Water Soluble Fertilizer Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of the global water soluble fertilizer market in terms of market segmentation by type, by application, by grades, by crop type 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.
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This report also provides the existing competitive scenario of some of the key players of the global water soluble fertilizer market which includes company profiling of Agrium Inc., Israel chemical ltd., The mosaic company, Haifa chemicals ltd., Coromandel international ltd., Yara International ASA, Compo GmbH & Co. KG, Hebei Monband Water Soluble Fertilizer Co., Ltd., Sociedad Quimica Y Minera SA (SQM). 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 global water soluble fertilizer 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.
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