Water-soluble fertilizers Market Share, Size, Value, Business Developments, Key Players, Future Growth Strategies 2023
Water-Soluble Fertilizers Market Research Report: by product type (macro, micro) by crop type (field, horticultural crops) by application (fertigation, foliar), by region (North America, Europe, Asia-Pacific, RoW)-Forecast period from 2018 to 2023. Water-soluble fertilizers are easily soluble in water and hence, are more suitable with modern irrigation system. They are easy to apply and absorbed by plants through fertigation and foliar. Moreover, absorption and utilization rate of water-soluble fertilizers is relatively high when compared to conventional chemical fertilizers. Efficient use of water-soluble fertilizers also prevents groundwater contamination. Owing to these factors, the water-soluble fertilizers market is expected to show a steady growth during the forecast period. However, high costs of water-soluble fertilizers when compared to their counterparts will be a restraining factor in water-soluble fertilizers market.
Competitive Analysis and Key Players:
Yara International ASA (Norway), Agrium Inc. (Canada), K+S Aktiengesellschaft (Germany), Sociedad Quimica Y Minera SA (SQM) (Chile), Israel Chemical Limited (Israel), The Mosaic Company (US), EuroChem group AG (Switzerland), Coromandel International Limited (India), Compo GmbH & Co (Germany), and Haifa Chemicals Limited (Israel) are some of the key players in the market.
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The global water-soluble fertilizers market has been segmented into product type, crop type, application, and region. The market based on type has been segmented into macronutrient fertilizers and micronutrient fertilizers. Macronutrient fertilizers are sub-segmented into nitrogenous, phosphatic, and potassic. Micronutrients fertilizers are sub-segmented into calcium, magnesium, iron, trace elements, and others. Based on crop type, the market has been segmented into field crops, horticultural crops, turf & ornamentals, and others, including plantation and hydroponics. The market has been segmented, by application, into fertigation and foliar. Fertigation is widely used for applying water-soluble nutrients to roots of plants. It is helpful in improving fertility and increasing the productivity of the plant.
Globally the market has been segmented, by region, into North America, Europe, Asia-Pacific, and Rest of the World. The water-soluble fertilizers market in North America has further been segmented into the US, Canada, and Mexico.
Geographically, Europe is anticipated to dominate the Global Water-Soluble Fertilizers Market owing to high technological advancements in the manufacturing of fertilizers as well as increasing awareness about crop nutrition among cultivators in this region.
Fertilizers provide essential nutrients to crops and are important for healthy growth of the crops. Water-soluble fertilizers are mainly used for their high efficiency and optimal plant nutrition. They are also useful in controlling the quantity of nutrients that should be provided to plants.
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September 2018 Market Research Future has published a half-cooked research report on the water-soluble fertilizers.
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