Water-soluble fertilizers have become a fundamental input for agriculture crop production and leading the industry to achieve its transformation in line with the changing demand from the growers as well as to suit the changing weather patterns. During the last decade, the advances in technology have resulted in revolutionary changes in the development of more efficient fertilizers. Moreover, an increase in the adoption rate of technologically developed fertilizers throughout the globe has supplemented the sales value of the water-soluble fertilizers market in the recent past.
The global water-soluble fertilizers market, in terms of value, is projected to reach USD 15.30 Billion in 2020, at a CAGR of 5.6% from 2015 to 2020. In terms of volume, global water-soluble market is estimated at 13.08 Million tons in 2014 and is projected to reach 16.99 Million tons by 2020 at a CAGR of 4.4%, The changing nature of the water-soluble fertilizers industry following the entry of large firms have been the subject of much debate. The entry of large multinational firms in the industry drives the European and North American market.
The water-soluble fertilizers market is highly fragmented with the key market players driving the growth with agreements, expansions, acquisitions, and new product launches, to develop their position in the market. The market is competitive with leading players being involved in the research & development of new products.
The water-soluble fertilizers market has many players, (small, medium, and large); however, the industry is dominated by a few. Agrium Inc. (Canada), Israel Chemical Ltd. (Israel), The Mosaic Company (U.S.), Coromandel International Ltd. (India), Haifa Chemicals Ltd. (Israel), and Yara International ASA (Norway) collectively accounted for ~70% of the total developments during 2015 to 2020. Agreements, partnerships, joint-ventures, and collaborations were the most preferred growth strategies in the water-soluble fertilizers market. Adopting these strategies enabled the players to increase their product portfolio and expand their geographic presence.
This report estimates the market size of the global water-soluble fertilizers market in terms of value (USD million) and volume (KT). In this report, the market is broadly segmented based on type, application, crop type, and region. Market drivers, restraints & challenges, raw materials, and product price trends are discussed in detail. Market share, by participant, for the overall market is also discussed in detail. The global water-soluble fertilizers market has grown exponentially in the last few years and this growth is expected to continue. Factors such as high efficiency, ease of application, and increasing adoption of technology in farming practices is driving the market globally.
Scope of the Report
This research categorizes the global water-soluble fertilizers market based on type, application, crop type, and region:
Based on type:
Based on application:
- Fertigation Application
- Foliar Application
Based on crop type:
- Field Crops
- Horticultural Crops
- Turf & Ornamentals
- Others (plantation crops and hydroponics)
Based on region:
- North America
- RoW ( Latin America, the Middle East, and Africa)
Reasons to buy this report:
- To get a comprehensive overview of the global water-soluble fertilizers market
- Strategically analized report will provide competitive edge to the buyer to make strategies in the growing market for sustainable growth.
- To gain wide range of information about the top players in this industry, their product portfolios and key strategies adopted by them.
- To gain insights of the major countries/regions in which the water-soluble fertilizers industry is flourishing