Fertilizers are the materials added to soil to increase the harvest by providing nutrients to the crop. Water Soluble Fertilizer is the type of fertilizer which can easily dissolved in the water and helps to prevent the loss of water-soluble plant nutrients through the soil. Due to water soluble fertilizer it is easy to control the amount of nutrients need of the plants. These are also used on the leaves of the plants.
Water Soluble Fertilizer Market was valued at USD 12388.6 Million in 2018 and is projected to reach around USD 20419.8 Million by 2025, at a CAGR of 7.4% during the forecast period.
Global Water Soluble Fertilizer Market Dynamics –
Water soluble fertilizer market is showing a significant growth owing to increasing food demand by increasing population and acceptance of new product by the farmers. Additionally, effective fertilizer and the method of fertilization in agriculture is one of the main factors to drive the market growth of water soluble fertilizer. For instance; according to the U.N. in 2016 the world is producing more than enough food to feed everyone then also the around 815 million people lived Hungary in 2016. By 2025 the global population is expected to rich around 9.8 billion at that time the suppliers will be getting in stress, the demand of the food will increase by 60% by 2025, therefore to satisfy the demand, there is a need to increase harvest which in turn supplements the demand for water soluble fertilizers within the forecast period. Many substitute fertilizer products may restrain the market growth. However, modern agriculture products and strong result of such products may provide opportunities to the market growth of water soluble fertilizers.
Asia Pacific is Expected to Witness a Highest CAGR% in the Water Soluble Fertilizer Market
Asia Pacific water soluble fertilizer market is expected to show a lucrative growth with a highest CAGR during the forecast period due to High acceptance of fertilizer product across the country like India, Japan and China thus the market is growing in this region. Europe is showing the significant growth in the forecast period owing to rise in the demand of innovative agriculture product and technique such initiatives provide market growth in this region. Europe is trying to increase agriculture productivity which is anticipated to lead an increase in the demand of water soluble fertilizer in Europe.
Agrium Established in 1931 and headquartered in Calgary, Alberta Canada. Specialties in Agricultural nutrients, Agricultural distribution, and Manufacturing. Agrium was acquired by Nutrien had 22300 Employees and a revenue of $ 20 Billion.
Israel Chemicals Ltd., also known as ICL established in 1968 and headquartered in Tel Aviv-Yafo, Israel. Specialties in Agriculture, Food, Engineered materials, Science, and chemicals. ICL Group had 13000 and a revenue of $ 5 Billion.
Iowa Fertilizer Company established in 2013 and headquartered in Wever, Iowa. Specialties in nitrogen fertilizers, methanol and other natural gas based products, serving agricultural and industrial customers.
QAFCO (Qatar Fertiliser Company) established in 1969 and headquartered in Musay`id, Al Wakrah, Qatar. Specialties in Fertilizer, Ammonia, Urea, Urea Formaldehyde, Melamine, and Chemicals. Qatar Fertiliser Company (QAFCO) had 121 employees and a revenue of $ 26 Million.
Yara International ASA is a Norwegian chemical company established in 1905 and headquartered in Oslo, Norway. Specialties in Mineral fertilizer, Environmental solutions that prevent air pollution, agriculture, and food security. Yara International ASA had 16033 employees and a revenue of $ 12 Billion.
Key Benefits for Global Water Soluble Fertilizer Market Reports –
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19 Jan 2021
08 Jan 2021