BURNABY, Canada, February 10, 2016 /PRNewswire/ --
Water soluble fertilizers (WSF) are high value and low volume products. The global WSF market size has witnessed impressive growth due to rising demand for these fertilizers in horticulture and ornamental / field crop cultivation applications. Over the last few years, adoption of fertigation and foliar spray techniques by farmers has also elevated the demand for water soluble fertilizers across the globe. WSF are completely soluble in water and contain all the necessary nutrients required by plants for healthy growth. These fertilizers are more economical as compared to chemical fertilizers, since the use of both water and fertilizer are comparatively low in WSF. Water soluble fertilizers are an ideal solution for modern irrigation techniques. These fertilizers require drip irrigation system and are highly recommended for use on cultivable land. Further, WSF are preferred in horticulture application as they are soluble in water and leave behind no residue on plants.
Water Soluble Fertilizers Market: Drivers and Restraints
Water soluble fertilizers market is expected to witness significant growth on the back of its high efficiency as compared with chemical fertilizers, increase in crop yield and ease of use. Farmers use fertilizers to provide sufficient nutrients to plants, which may otherwise is unavailable through soil, in order to increase crop yield. The efficiency of fertilizers can be assessed through their ability to increase plant yield. With bulk chemical fertilizers, nutrients may not reach plant roots directly due to various factors, such as leaching of fertilizer in the atmosphere. Since, WSFs are highly soluble in water, they provide nutrients directly to roots through drip irrigation method, thus offering better efficiency than chemical fertilizers. Water soluble fertilizers are generally applied using foliar spray and fertigation methods. Foliar spray technique involves spraying the fertilizer directly on leaves. Plants absorb nutrients about eight times faster by leaves than through roots, which results in higher crop yield. The global water soluble fertilizers market is facing few challenges as well such as high cost and lack of awareness.
Water Soluble Fertilizers Market Size: Segmentation
The global water soluble fertilizers market size is classified on the basis of type, grade, application, crop and region.
Based on type, the water soluble fertilizers market is segmented into the following:
Based on grade, the water soluble fertilizers market is segmented into the following:
- Urea Phosphate
- Water Soluble Calcium Nitrate
Based on application, the global water soluble fertilizers market is segmented into the following:
- Foliar & Drip
Based on crop, the global water soluble fertilizers market is segmented into the following:
- Horticulture Crops
- Ornamental Crops
- Field Crops
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Water Fertilizers Market: Overview
In 2015, global water soluble fertilizers market stood at around USD11,580.4 million and expected to grow at a CAGR of 5.6% during 2016-2021. Demand for crops and vegetables has surged exponentially in recent years, as a consequence of various macroeconomic factors such as high population growth. However, farmers in the majority of countries are unable to increase crop and vegetable production and meet this pressing demand by simply relying on traditional agricultural techniques. Consequently, foliar spray and fertigation techniques have surfaced as alternate solutions for farmers to increase their crop and vegetable yield. This in turn driving the growth of water soluble fertilizers market across the globe.
Water Soluble Fertilizers Market: Region-wise Outlook
At present, North America in conjunction with Europe controls the largest share in the water soluble fertilizers market. Asia-Pacific is the fastest growing market for water soluble fertilizers across the globe. Increasing concentration of farmers towards technology-driven agriculture practices, such as the use of irrigation systems is catalyzing the demand for water soluble fertilizers in Asia-Pacific.
Water Soluble Fertilizers Market: Key Players
Key players in the Global Water Soluble Fertilizers Market include Agrium Inc., Israel Chemical Ltd., The Mosaic Company, Coromandel International Ltd., Haifa Chemicals Ltd., and Yara International ASA
The report covers exhaustive analysis on:
- Market Size
- Supply & Demand
- Market Segments
- Technological Advancement
- Value Chain
- Market Dynamics (Market Drivers, Challenges & their Impact Analysis)
- Market Trends
- Opportunities & White Market Space
- Competition & Companies involved
Regional analysis includes
- North America (U.S., Canada, Mexico)
- South & Central America (Brazil, Argentina)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Russia)
- Asia Pacific (China, India, Japan, South Korea)
- Middle East and Africa (GCC, S. Africa)
"Global Water Soluble Fertilizers Market Forecast & Opportunities, 2021" has analyzed the potential of the global water soluble fertilizers market and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by the industry.
- Global Water Soluble Fertilizers Market Size, Share & Forecast
- Segmental Analysis - By Type, Grade, Crop, Application, Region & Company
- Market Dynamics & Impact Analysis
- Porter's Five Forces Analysis
- BPS Analysis
- Changing Market Trends & Emerging Opportunities
- Competitive Landscape & Strategic Recommendations
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