The Global Water Soluble Fertilizers market was valued at USD 7.3 Billion in 2015, and is projected to reach USD 12.4 billion by 2025, growing at a CAGR of 5% over the forecast period.
Key players: Overview of market leaders in water soluble fertilizer market by top manufacturers/players, with fertilizer revenue (Billion USD) and market share for each manufacturer/player. The top players including Agrium Inc., Israel Chemicals Limited, Potash Corp, The Mosaic Company, EuroChem, K+S AG, and Yara International ASA. Other players include Coromandel International Limited, Hebei Monband Water Soluble Fertilizer Co. Limited, Compo GmbH & Co. KG, Haifa Chemicals Limited, Sinochem Fertilizers Co., Limited, Sociedad Quimica Y Minera SA, TATA Chemicals, Qatar Fertilizer Company CF Industries Holdings Inc., and Iowa Fertilizer Company.
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Increasing government subsidies on water soluble fertilizers adoption and economic incentives on fertigation for reducing ground water consumption are the major drivers for the growth. Furthermore, emerging applications of green house and growing demand for micro-irrigation systems are also considered to be the other factors propelling the expansion over the forecast period.
According to Food and Agriculture Organization (FAO), emerging nations including India and China requires additional 120 million hectares of arable land in order to fulfill the rising food demand by 2030. Rising consumer awareness pertaining to organic food products has been expected to support the industry growth.
Moreover, limited arable lands, rising environmental concerns, and easy application are other factors spurring the water soluble fertilizers demand. Furthermore, growing demand for drip irrigation suitable for undulating terrain, rolling topography, barren lands, and shallow soil layers areas is expected to drive industry expansion over the forecast period.
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The report includes –
Segmentation: Based on product type segment, the report segregates the segment and delivers the revenue, growth rate, and market share, of each type,
• Secondary Nutrients
On the basis on the applications, this report focuses on the status and outlook for major applications, market share and growth rate for each application, including
On the basis of crop type, the market has been segmented further, and displays growth rate and market share over the forecast period;
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Geographic Segmentation: This report split global market into North America, Europe, Asia Pacific, the Middle East and Africa and Latin America, with revenue (Billion USD), market share and growth rate of water soluble fertilizer for these regions, from 2015 to 2025 (forecast)
• North America: U.S., Rest of North America
• Europe: Germany, France, UK, rest of Europe
• Asia Pacific: China, Japan, India and Rest of Asia Pacific
• Middle East & Africa: GCC, North Africa, South Africa and Rest of MEA
• Latin America: Brazil and Rest of Latin America