Water Soluble Fertilizer Market size reached USD 14.35 Bn in 2022 and is expected to reach USD 23.35 Bn by 2029, growing at a CAGR of 7.2% during the forecast period.
Water Soluble Fertilizer Market Overview
The market report on the Water Soluble Fertilizer Market industry, published by Maximize Market Research, presents a detailed analysis of the global market in 2022. It encompasses a wide range of factors such as type, distribution channel, end-user, and industry vertical within the Water Soluble Fertilizer market. The report further includes a comprehensive forecast up to 2029, accompanied by in-depth information on mergers and acquisitions, recent advancements, and business strategies implemented by prominent companies. This report on the Water Soluble Fertilizer market serves as an invaluable source of information for newcomers aiming to gain insights into the industry.
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Water Soluble Fertilizer Market Scope
The Maximize Market Research report gives a thorough analysis of the Water Soluble Fertilizer market and dynamic research methodology. The report provides, information about key growth drivers, market dynamics, challenges, and scope along with the PESTAL, PORTER and SWOT analysis. The report encompasses the latest developments and emerging technologies in the global Water Soluble Fertilizer market. It offers comprehensive information, including market shares, supply chain analysis, and key success factors, for the global Water Soluble Fertilizer market. The concluding section of the report presents insights and opinions from industry experts representing top leading organizations in the global Water Soluble Fertilizer market. The report covers a specified timeframe, including historical years (2018-2020), base year (2022), estimated year (2022), and the forecast period (2023-2029).
Water Soluble Fertilizer Market Segmentation
Based on Type, the Nitrogenous sector was the leading segment in 2022 and accounted for 60.4% of the global volume share. This segment is anticipated to rise due to its extensive use in grains and oilseeds. Plants that consume the substance have superior texture and color, which raises crop productivity as a whole. The urea phosphate category holds the largest market share in the Water Soluble Fertilizer industry. Urea is the most significant nitrogenous fertilizer on the market since it has the highest nitrogen concentration. With a pH of 7, nitrogenous fertilizer may flourish in almost any soil. The main goal of nitrogen fertilizer is to provide nitrogen to plants, which will promote the growth of green, leafy plants and make them appear lush.
According to the Mode of Application, the fertigation segment is the most preferable way for applying water-soluble fertilizer because it efficiently controls any pre-existing nutritional shortage in the crop. Because water soluble fertilizer is an expensive crop nutrition input, using it wisely through fertigation can significantly lower the cost of producing a variety of crops. The fertigation approach is successful in reducing fertilizer usage by up to 28%.
Horticulture currently dominates the global market for water soluble fertilizer and is anticipated to develop at the quickest rate during the projected period. The market for high-value crops is anticipated to be driven by rising consumer desire for a diet high in nutrients, which is anticipated to accelerate the segment's expansion. These fertilizers may effectively meet the needs of a variety of horticulture crop kinds, which call for specialized nutrients, suitable climatic conditions, and correct conditioning for plant growth.
Global Water Soluble Fertilizer Market, By Mode of Application (2022-2029)
• Foliar
• Fertigation
Global Water Soluble Fertilizer Market, By Type (2022-2029)
• Nitrogenous
• Phosphatic
• Potassic
• Others
Global Water Soluble Fertilizer Market, By Crop Type (2022-2029)
• Field Crop
• Horticulture
• Turf & Ornamentals
• Others
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Water Soluble Fertilizer Market Key Players
• Agrium Inc.
• Israel Chemical Ltd. (ICL)
• Coromandel International Ltd.
• The Mosaic Company
• Lowa Fertilizer
• Hebei Monband Water Soluble Fertilizer Co., Ltd.
• Sociedad Química Y Minera De Chile (SQM)
• K+S AKTiengesellschaft
• Yara International Asa
• CF Industries Holdings Inc.
• TATA Chemicals
• Haifa Chemicals Ltd.
• Sinochem Fertilizer Co. Ltd.
• Qatar Fertilizer
• Compo GmbH & Co. Kg
• Indian Farmers Fertilizer Cooperative
• Zuari Industries Ltd.
• SQM
• Nutrien Ltd.
• EuroChem
• DCM Shriram Farm Solutions
• Nagarjuna Fertilizers & Chemicals Ltd.
• Gujarat State Fertilizers & Chemicals Ltd.
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Water Soluble Fertilizer Market Regional Analysis
The report presents statistical data on market growth for each influential economy in the global Water Soluble Fertilizer market. It encompasses various regions, including North America, Asia-Pacific, Europe, Latin America, and MEA, providing comprehensive insights. The report covers emerging trends, population growth, and government strategies and regulations, offering a holistic view of the market. The concluding section of regional insights provides historical and forecasted data on the market influence of all economies within the respective regions.
Key Questions answered in the Water Soluble Fertilizer Market Report are:
- What is Water Soluble Fertilizer Market?
- What is the forecast period of the Water Soluble Fertilizer Market?
- What is the competitive scenario of the Water Soluble Fertilizer market?
- Which region held the largest market share in the Water Soluble Fertilizer Market?
- What are the opportunities for the Water Soluble Fertilizer Market?
- What are the restraining factors in the Water Soluble Fertilizer market?
- Who are the key players of the Water Soluble Fertilizer market?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Water Soluble Fertilizer#
- Landscape- Leading key players and other prominent key players.
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The global water soluble fertilizer market size was USD 12.5 billion in 2015 and is anticipated to reach USD 22.0 billion by 2024.
Increasing demand from wide range of fustigation application coupled with increasing awareness and adoption of micro irrigation systems is anticipated to boost the global demand for water soluble fertilizers.Growing demand and need for superior yield owing to increasing world population, reduction in arable land, and great demand of biofuels is expected to impact the global demand for water soluble fertilizers.
Harmful ecological impacts of over/high fertilization, including pollution of ground water, disturbances in environment life sciences, and increase in area under ocean dead zones are expected to restrict the market growth.Request a Free Sample Copy of Water Soluble Fertilizer Market Report @ https://www.millioninsights.com/industry-reports/water-soluble-fertilizer-market/request-sampleIncreasing awareness among farmers across emerging economies coupled with technology driven farm practices.
Large number of growers entered into the greenhouse system of agriculture production industry to achieve higher rates of return for their products.
The use of these fertilizers is expected to be highly seasonal and improved, thus protected crop production is anticipated to drive the market demand for fertilizer products, particularly for water-soluble fertilizers.On the basis of fertilizer type, the global market has been segmented into Nitrogen, sulphur, iron, chlorine, magnesium, calcium, Phosphate, and potassium which include secondary and micro nutrients.
Nitrogen nutrients can be further classified into Urea, ammonium sulphate, nitrate, and calcium nitrate.Phosphate is expected to witness significant growth rate over the next seven years It stimulates root formation and shoot growth at the early stages of plant growth.
