The global market for water-soluble fertilizers in terms of revenue was estimated to be worth around $10,758.7 million in 2012 and is expected to reach $14,709.4 million by 2018, growing at a CAGR of 5.3% from 2013 to 2018. Europe and North America are the two dominating regions of water-soluble fertilizers in the world. Europe covered around 40.1% of global water-soluble fertilizer market in 2012 where North America had 31.9% share of the global value. Growth is particularly high in countries such as China, India, and Israel because of the increased demand for food, innovative production practices, and sprawling network of micro irrigation and mechanized irrigation systems.
The key participants in the global water-soluble fertilizers market are Agrium (Canada), Israel Chemical (Israel), Iowa Fertilizer (Egypt), Qatar Fertilizer (Qatar), Yara International (Norway), and Sinochem Fertilizer Co. Ltd. (China). The global water-soluble fertilizers market is witnessing rapid developments in the areas of mergers & acquisitions and joint ventures. The leading companies are focused on expansion of the business across regions and setting up new plant for increasing production capacity as well as product line.
In terms of volume, the water-soluble fertilizers market is estimated to grow at a CAGR of 5.3% from 2013 to 2018, reaching 9,251.2 thousand metric tons by 2018.
The global water-soluble fertilizers market has grown exponentially in the last few years and the growth is expected to continue. The factors such as increasing cost of fertilizers, ease of application, innovative production practices, new product offerings, increased availability, and the advent of micro irrigation and mechanized irrigation systems are driving the market for water-soluble fertilizers industry, globally. Few more driving factors for global water-soluble fertilizers market are subsidies provided by the government, increasing applications of green houses, and high efficiency. The main obstacle in the growth of global water-soluble fertilizers market is the seasonal demand and high cost of water-soluble fertilizers in comparison to regular soil applied fertilizers.
Mergers, acquisitions, partnerships, agreements, collaborations & joint ventures were major developmental initiatives taken up by companies in global water-soluble fertilizers market.
Agrium Inc. (Canada), Israel Chemical Ltd. (Israel) and Yara International ASA (Norway) companies are the most active market participants.
The global market for water-soluble fertilizers in terms of revenue was estimated to be worth around $10,758.7 million in 2012 and is expected to reach $ 14,709.4 million by 2018, growing at a CAGR of 5.3% from 2013 to 2018. Europe was the largest water-soluble fertilizers market and is followed by North America in 2012. Asia-Pacific is the fastest growing water-soluble fertilizers market from 2013 to 2018.
Scope of the report
This research report categorizes the global market for water-soluble fertilizers on the basis of Type, Crop type, Application, and geography; forecasting revenue and analyzing trends in each of the submarkets:
On the basis of Types
- Nitrogenous Water-soluble Fertilizers
- Phosphatic Water-soluble Fertilizers
- Potassic Water-soluble Fertilizers
- Other Water-soluble Fertilizers (Micronutrients)
On the basis of Crop Types
- Field Crops
- Horticultural Crops
- Turf and ornamentals
- Others (Plantation crops, Hydroponics)
On the basis of Applications
On the basis of geography
- North America