Water-Soluble Fertilizer Market Trends, Market Segments, Landscape, Analysis and Forecast – 2027
Market Highlights
Fertilizers provide
essential nutrients to crops and are important for healthy growth of the crops.
Water-soluble fertilizers are mainly used for their high efficiency and optimal
plant nutrition. They are also useful in controlling the quantity of nutrients
that should be provided to plants.
Water-soluble
fertilizers are easily soluble in water and hence, are more suitable with
modern irrigation system. They are easy to apply and absorbed by plants through
fertigation and foliar. Moreover, absorption and utilization rate of
water-soluble fertilizers is relatively high when compared to conventional
chemical fertilizers. Efficient use of water-soluble fertilizers also prevents
groundwater contamination. Owing to these factors, the water-soluble
fertilizers market size is expected to show a steady growth during the forecast
period. However, high costs of water-soluble fertilizers when compared to their
counterparts will be a restraining factor in water-soluble fertilizers market
size.
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Regional Analysis
Globally the market
has been segmented, by region, into North America, Europe, Asia-Pacific, and
Rest of the World. The water-soluble fertilizers market size in North America
has further been segmented into the US, Canada, and Mexico.
Geographically, Europe
is anticipated to dominate the global water-soluble fertilizers market size
owing to high technological advancements in the manufacturing of fertilizers as
well as increasing awareness about crop nutrition among cultivators in this
region.
Segmentation
The global water-soluble
fertilizers market size has been segmented into product type, crop type,
application, and region.
The market based on
type has been segmented into macronutrient fertilizers and micronutrient
fertilizers. Macronutrient fertilizers are sub-segmented into nitrogenous,
phosphatic, and potassic. Micronutrients fertilizers are sub-segmented into
calcium, magnesium, iron, trace elements, and others. The nitrogenous segment
is likely to grow at a significant rate since nitrogen helps in the formation
of proteins which are vital for the development of new protoplasm in the cell.
Moreover, nitrogen is essential to produce chlorophyll and responsible for leaf
growth.
Based on crop type,
the market has been segmented into field crops, horticultural crops, turf &
ornamentals, and others, including plantation and hydroponics. Among these,
horticultural crops segment is expected to show significant growth during the
forecast period owing to the growing demand for fruits and vegetables across
the globe.
The market has been
segmented, by application, into fertigation and foliar. Fertigation is widely
used for applying water-soluble nutrients to roots of plants. It is helpful in
improving fertility and increasing the productivity of the plant. Moreover,
increasing acceptance of micro-irrigation techniques is a key driving factor
for fertigation segment in the water-soluble fertilizers market size.
Key Players
Yara International ASA
(Norway), Agrium Inc.(Canada), K+S Aktiengesellschaft (Germany), Sociedad
Quimica Y Minera SA (SQM) (Chile), Israel Chemical Limited (Israel), The Mosaic
Company (US), EuroChem group AG (Switzerland), Coromandel International Limited
(India), Compo GmbH & Co (Germany), and Haifa Chemicals Limited (Israel)
are some of the key players in the market.
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and wherever required we will be considering Covid19 Footprints for Better
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