Water-soluble fertilizers are essential nutrients that dissolve readily in water, making them easily absorbed by plants through irrigation systems. This efficient delivery method ensures precise nutrient uptake, promoting healthier plant growth and higher yields. These fertilizers are particularly beneficial in controlled environments like greenhouses and hydroponics, where they contribute to optimized nutrient management and sustainable agricultural practices.
Future Market Insights, a leading market research firm, has released its latest survey results indicating robust growth in the Global Water Soluble Fertilizer Market. The market is projected to achieve a valuation of US$ 17,623.1 million by 2022, with an impressive Compound Annual Growth Rate (CAGR) of 6.5% between 2022 and 2032. The forecast anticipates the market to culminate at a value of US$ 33,080.9 million by the end of the projection period.
Water soluble fertilizers have gained traction for their efficacy in soil fertility maintenance, promoting root and shoot development, ensuring a balanced supply of essential NPK nutrients, and facilitating rapid nutrient uptake by plants. Moreover, they play a pivotal role in maintaining the purity of drip irrigation systems by preventing salt buildup.
Formerly embraced mainly in developed markets, water-soluble fertilizers have transcended borders due to heightened research and development efforts and the involvement of major fertilizer companies. These fertilizers have secured popularity in both developed and developing nations alike.
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The expanding market for water-soluble fertilizers is primarily propelled by the pressing need for fertilizers that enhance crop nutrient absorption and deliver nutrients in a controlled manner. The adoption of modern agricultural techniques, coupled with the demand for nutrient-rich high-value crops like fruits and vegetables, is expected to further bolster market growth. With the agricultural industry’s increasing consumption patterns, a surge in demand for water-soluble fertilizers is predicted during the forecast period.
The report conducts an in-depth analysis into factors affecting the change in consumer behavior and purchasing patterns. It highlights the key growth prospects for the demand and sales across seven major regions. It also provides refines sales projections and assist market players in identifying the remunerative segments among the verticals.
Upsurge in the Trend of Green Chemistry to Facilitate the Growth in the Water Soluble Fertilizer Market
Governments of several countries are emphasizing on implementing regulations on chemicals that are hazardous for environment, owing to the rising concerns regarding environment sustainability. Hence, growing trend of green chemistry or sustainable chemistry is being witnessed across the chemical industry.
Citing this trend, chemical manufacturers are reviewing their business strategies and shifting their focus towards adopting eco-friendly practices for the production of sustainable alternatives or less toxic chemicals. This is expected to favor the growth in the Water Soluble Fertilizer market.
Key Water Soluble Fertilizer Market Takeaways and Projections
- The US will lead the North America Water Soluble Fertilizer market, projecting the fastest growth in the region between forecast period
- Germany will collectively hold the largest share in the Europe market over the assessment period.
- India will emerge as a highly remunerative market in South Asia, contributing significant revenue share in the region through forecast period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- In terms of segments, will hold the lion’s share in the market, expanding at a robust CAGR during the next ten years.
Competitive Landscape Analysis
The survey offers insights into critical trends and opportunities across technology industry and studies their impact on demand-supply forces in the Water Soluble Fertilizer market. It also profiles a list of prominent companies including
- Agrium Inc.,
- Israel Chemical Ltd.
- The Mosaic Company
- Haifa Chemicals Ltd.
- Yara International ASA
- Zuari Industries Ltd.
- Indian Farmers Fertilizer Cooperative
- Coromandel International Ltd.
- Rashtriya Chemicals & Fertilizers
- Qatar fertilizer company
- K+S Aktiengesellschaft
- Compo GmbH & Co. KG
- Nutrien
- Iowa Fertilizer Company
- Chico Crop Science Co., Ltd.
- NORDFERT
- TAIWAN FERTILIZER CO., LTD.
- Solufeed
- OMEX
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Key Segments Profiled in the Water Soluble Fertilizer Industry Survey
By Form:
- Dry [Granules, Powder]
- Liquid
By Type:
- Nitrogen(N),
- Potassium(K),
- Phosphate(PO43-),
- Secondary Nutrients
- Micro-nutrients
By Application:
- Foliar
- Fertigation
By Region:
- North America
- Latin America
- Europe
- South Asia Pacific
- East Asia
- Middle East & Africa
Why Buy FMI’s Report?
- Extensive analysis on high growth niche markets across major regions
- Detailed assessment on key segments and sub-segments
- Recent and upcoming strategies tracked of manufacturers for the Water Soluble Fertilizer market
- Reliable information on new product launches, technological advancements, and more
- Valuable insights on the impact of regulatory framework on the global Water Soluble Fertilizer market
About Future Market Insights, Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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