- Report ID: BMRC 798 | Number of pages: 200 | Publish Date: Feb 2020
Status: Published | Category: Agriculture | Delivery Timeline:
Water-Soluble Fertilizers Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Water-Soluble Fertilizers Market place for the forecast 2020– 2025
Rising spending by key market players for growth of efficient and eco-friendly fertilizers will generate growth avenues over the coming few years.
Water-soluble fertilizers are majorly employed for maintaining the nutrients’ quantity that must be offered to the plants. These fertilizers can be combined with water and therefore are applied easily via foliar application or fertigation. Water-soluble fertilizers are multi-compound substances that are soluble in water. They are absorbed easily by plants, and therefore its utilization and absorption is comparatively high over traditional chemical fertilizers. These fertilizers are appropriate for modern irrigation systems. In addition to this, they also assist to stop contamination of ground water. Due to these benefits, water-soluble fertilizers are favored instead of traditional chemical fertilizers.
The global market is divided by type into phosphatic water soluble fertilizers, nitrogen water soluble fertilizers, bio fertilizers, potassic water-soluble fertilizers, and bio stimulants. As nitrogenous fertilizer has a major role in crop development, its ratio is more in fertilizer mixture. Hence, maximum amount of nitrogenous fertilizer is employment instead of other fertilizers.
The major players included in the global water-soluble fertilizers market forecast are,
BY PRODUCT TYPE:
BY END USER APPLICATION
Increasing Government Initiatives Aimed On Rising Agricultural Output Will Have A Positive Effect On The Market Growth
There has been rising requirement for acceptance of drip irrigation as it saves water and is appropriate for all lands, comprising barren lands, undulating terrain, areas with shallow soil layers, and rolling topography. Increasing government initiatives aimed on rising agricultural output, paired with implementation of different subsidies to market the employment of drip irrigation will have a positive effect on the market growth.
Easy application, together with high productivity of crop, will spur demand of product over the years to come. Accessibility of land has been dropping in top agricultural nations in light of increasing infrastructure and industrial development. Nations such as China, India, and US are seeing a significant drop in arable land due to urbanization, soil erosion, and infrastructure growth. Dropping availability of arable land is predicted to power requirement over the coming period for water soluble fertilizers.
On the other hand, volatility of feedstock costs will hamper market development over the coming period. Nonetheless, rising spending by key market players for growth of efficient and eco-friendly fertilizers will generate growth avenues over the coming few years.
Asia Pacific Added Up For A Huge Share Of The Overall Income And Is Predicted To Power The Growth Of Water Soluble Fertilizers Market Over The Coming Years
Asia Pacific added up for a huge share of the overall income and is predicted to rise its requirement for water soluble fertilizers over the coming few years due to increasing agricultural output in nations such as India, China, Bangladesh, and Pakistan. In addition to this, attendance of small to medium scale market players in the area, paired with government support and rapid economic development, is predicted to power the market.
China dominates in the rice production, after Indonesia and India, adding up for over 25% of the global production of rice. In addition to this, production of plantation crops and fruits including coffee and tea are very trendy in China. Attendance of top fertilizer makers such as EuroChem; Sinofert Holdings Limited; Agrium Inc.; and Bunge is expected to power the regional market.
Market by Regional Analysis
North America (USA, Canada, Mexico), Europe (UK, France, Germany, Russia, Rest of Europe), Asia-Pacific (China, South Korea, India, Japan, Rest of Asia-Pacific), LAMEA, Latin America, Middle East, Africa
Interested in this report?
Water-Soluble Fertilizers Market 2020 BY PRODUCT TYPE (Nitrogen Water Soluble Fertilizers, Phosphatic Water Soluble Fertilizers, Potassic Water Soluble Fertilizers, Bio Fertilizers, Bio Stimulants), BY END USER APPLICATION (Fertigation, Foliar) Forecast to 2025