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Water-Soluble Fertilizers Market Size: Current Business Trends & Growth Opportunities 2019-2025

Author : Ronak Bora | Published Date : 2019-06-06 

A comprehensive research study on water-soluble fertilizers market size introduced by Global Market Insights, Inc. provides insights into the market size and growth trends of this industry over the forecast timeline. The study evaluates key aspects of market in terms of the demand landscape, driving factors and growth strategies adopted by market players.

Water-Soluble Fertilizers Market size is anticipated to witness significant growth over forecast timeframe. Necessity for food security due to rapid population growth coupled with decreasing overall arable land globally are among key factors driving business growth. Considerable shift in farming practices along with positive outlook towards usage of technology & innovations to improve farm yield will propel the market growth.

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High application scope along with improved efficiency as compared to granular alternatives has enhanced the water-soluble fertilizers market size. Rising consumer awareness pertaining to organic food products will support market growth. Limited availability of arable lands, easy application, and rising environmental concerns across the globe are other factors fueling water soluble fertilizers demand.

As per Food and Agriculture Organization (FAO), emerging economies including China and India need an extra 120 million hectares of arable land to fulfil the rising food demand by 2030. Arable lands are getting wasted due to improper agricultural practices and deforestation that leads to considerable loss of production yield. Efficient farm yield along with sustainable benefits, maintenance of overall plant health and enhanced crop growth are key properties fueling water-soluble fertilizers market growth.

The Water-Soluble Fertilizers Market is segmented based on product as nitrogenous, micronutrients, phosphatic, and potassic water soluble fertilizers. Nitrogenous products are expected to dominate the market share over the forecast timeframe, due to its high convenience and ease in application. Effective crop growth, plant health maintenance along with sustainable benefits are among key driving factors of product demand. However, higher quantity requirement due to its high ratio in fertilizer mixture may restrain market growth.

Water-soluble fertilizers market is segmented based on application into foliar and fertigation. Fertigation segment is anticipated to capture maximum revenue share over the coming years. The high revenue generation can be attributed to its broad application scope in major nutrients. Moreover, it is highly preferred by the farmers due to its ease in application and competitive prices compared to its counterpart.

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Asia Pacific water-soluble fertilizers market size is expected to witness significant growth owing to high adoption of merchandise and micro irrigation systems particularly in India and China. Increasing adoption of fertigation and foliar spray among farmers to meet the rising food demand will further induce immense potential for product demand.

Global water-soluble fertilizers market share is highly fragmented due to presence of large number of international and regional players operating in global as well as local market. Israel Chemical, Qatar Fertilizer, Agrium, Everris International, Yara International, Sinochem Fertilizer, Haifa Chemicals, Upstart Products, K+S AG, Compo GmbH and Mosaic Company are among key market players.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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