BURNABY, Canada, April 20, 2016 /PRNewswire/ --
Rising government initiatives to promote modern agricultural practices, increasing food grain demand and growing adoption of micro irrigation technologies to drive the global water soluble fertilizers market
According to TechSci Research report "Global Water Soluble Fertilizers Market Forecast & Opportunities, 2021", the global water soluble fertilizers market is projected to grow at a CAGR of over 5% during 2016-2021, on account of rising population, growing demand for food grains, and rising concerns related to depleting ground water resources. Water soluble fertilizers are also being extensively used in order to increase yield, as they are easy to apply and require less amount of fertilizers and water usage. Water soluble fertilizers dissolve faster, have a higher utilization rate and are absorbed quickly as compared to conventional chemical fertilizers.
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Browse 24 market data Tables and 202 Figures spread through 285 Pages and in-depth TOC on "Water Soluble Fertilizers Market"
Globally, demand for water soluble fertilizers is surging due to rising need for increasing agricultural output in order to address increasing global food requirements. Additionally, rising investments by government and private players, increasing research & development activities and new product developments are projected to steer growth in global water soluble fertilizers market through 2021. Horticulture and ornamental plants are the two major application areas for water soluble fertilizers. With global fruit production increasing from 676.9 million tons in 2013 to over 720 million tons in 2015, water soluble fertilizers market is expected to witnessing increasing consumption from the fruit production segment as well over the next five years.
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"In 2015, global per capita food consumption was 2860 kcal/person/day, which is expected to increase to 2960 kcal/person/day by 2030. Global demand for fertilizer nutrients was 191 million tonnes in 2015, which is expected to reach 194 million tonnes by 2016. With increasing levels of per capita food consumption as well as fertilizer nutrients, the global demand for water soluble fertilizers is forecast to grow through 2021. In 2015, Europe dominated the global water soluble fertilizers market, followed by North America; however, Asia-Pacific is forecast to witness the fastest growth in demand for water soluble fertilizers over the next five years." said Mr. Karan Chechi, Research Director, with TechSci Research, a research based global management consulting firm.
"Global Water Soluble Fertilizers Market Forecast & Opportunities, 2021" has analysed the potential of water soluble fertilizers market, 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 emerging trends along with essential drivers and key challenges faced by the global water soluble fertilizers market.
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