Market Research Report
Water Soluble Fertilizers - Global Market Outlook (2020-2028)
|Water Soluble Fertilizers - Global Market Outlook (2020-2028)|
Published: July 1, 2021
Stratistics Market Research Consulting
Content info: 150+ Pages
Delivery time: 2-3 business days
According to Stratistics MRC, the Global Water Soluble Fertilizers Market is accounted for $15.27 billion in 2020 and is expected to reach $27.65 billion by 2028 growing at a CAGR of 7.7% during the forecast period. Factors such as rising food demand, limited availability of arable land, and positive outlook for horticultural sector are driving the growth of the market. However, growth of organic fertilizers industry is hampering the growth of the market.
Water soluble fertilizers are compound specialty fertilizers that can be completely dissolved in water and added or leached out of the soil easily. These fertilizers increase the utilization rate as the integration of water and fertilizer saves water, fertilizer, and labor. They provide multiple advantages over conventional fertilizers including higher crop yield and nutrient availability in the soil.
Based on the mode of application, the fertigation segment is anticipated to expand at a rapid pace during the forecast period as it is effective in controlling nutritional deficiency, improving fertility, and increasing productivity of plants. By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to the increase in agricultural technologies and agricultural exports of key products.
Some of the key players profiled in the Water Soluble Fertilizers Market include Israel Chemical Ltd (ICL), Coromandel International Ltd, Yara International Asa, Hebei Monband Water Soluble Fertilizer Co Ltd, Agrium Inc, K+S AKTiengesellschaft, The Mosaic Company, Sociedad Quimica Y Minera De Chile (SQM), Compo GmbH & Co. Kg, and Haifa Chemicals Ltd.
Modes of Application Covered:
Crop Types Covered:
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Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.