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The growth prospects of water-soluble fertilizer market until 2026

Author : Ravi Chawat | Published Date : 2021-02-11 

The water-soluble fertilizer market is estimated to witness momentous growth in view of rising consumer demand for nutrient rich diet and fresh fruits and vegetables. Water-soluble fertilizers are the easiest and most extensively used fertilizers. They can easily be dissolved in water and compose of a large variant of nutrients required for plant growth. By using such fertilizers, agriculturists can easily control the amount of nutrients available in the soil for plants. Use of such fertilizers is contributing towards supporting plants with accurate amount of nutrients, and not toxifying the soil by over-fertilization. For someone who is a professional gardener or a beginner in the gardening field, water-soluble fertilizers could be an ideal fit for fulfilling the nutrient requirements of plants.

How is micronutrient water soluble fertilizers market expected to perform by 2026?

The micronutrient water-soluble market is expected to record a CAGR of around 8% through the forecast timeframe owed to deficiency of certain nutrients in soil. Micronutrients are vigorous elements which are used on plants, usually in trivial quantities. Micronutrients are meant for directing crop development and plant growth. Copper, cobalt, molybdenum, boron, manganese, zinc, and chlorine are some of the essential micronutrients that plants rely on to grow, and are compensated using water soluble fertilizers.

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Why are water-soluble fertilizers gaining grip across greenhouse farms?

Large-scale implementation of greenhouse farms to provide favorable environment to cultivate an assortment of crops could boost the need for water-soluble fertilizers over time. A report from Global Market Insights states that the water soluble fertilizer market in greenhouse crops application current accounts for around 14% of overall market share. Rising demand for locally sourced vegetables and herbs have accelerated the construction of greenhouse farms near urban localities. The rising demand and sales of crops cultivate across these farms could result in increase in requirement for water soluble fertilizers in this sector.

Which region holds the maximum share in the water-soluble fertilizers market?

The Latin America region currently holds 10% share in the overall market for water-soluble fertilizers. The LATAM region is one of the leading exporting and food producing region worldwide. Owing to its massive natural wealth, booming agriculture industry, and a family farming sector, the regional market is expected to grow at an exponential rate in due course. Similarly, the MEA water-soluble fertilizers market is expected to grow, recording a CAGR of 8%, over the forecast time period. Growing instances of water scarceness across numerous countries in the region could possibly stir the demand for such fertilizers in a long run.

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About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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