Water Soluble Fertilizers Market Scope
Water-soluble fertilizers are used to increase the yield by supplying nutrients to the crops. It is specialised used for low quality soil which contains less amount of minerals. It is available in both powdered and liquid form. Water soluble fertilizers widely used for plantation, field, medicinal and aromatic crops. Several governments are offering subsidiaries for the usage of these fertilizers, the growth in greenhouse agriculture farm with fertigation to reduce groundwater consumption and rising demand for micro-irrigation systems are the major driving agent in the growth of the very market.
According to AMA, the Global Water Soluble Fertilizers market is expected to see growth rate of 4.9%The market of Water-Soluble Fertilizer is expected to grow with rising demand from agricultural industry. Several companies are operating in the market to provide Water-Soluble Fertilizer with number of unique features. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Water Soluble Fertilizers market throughout the predicted period.
Agrium Inc. (Canada), Israel Chemical Limited (Israel), K+S AKTIENGESELLSCHAFT (Germany), Haifa Chemicals Limited. (Israel), COMPO GmbH & Co. KG (Germany), Yara International ASA (Norway), National Liquid Fertilizer (United States), Plant Marvel (United States), Miller Chemical & Fertilizer (United States), Doggett Corporation (United States), Ferti Technologies (Canada), Sociedad Quimica YMinera SA (SQM) (Chile) and Coromandel International Limited (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Timac Agro USA (United States), Garsoni International (United States) and Sun Gro Horticulture (United States).
Segmentation Overview
The study have segmented the market of Global Water Soluble Fertilizers market by Type (Nitrogenous, Phosphatic, Potassic and Micronutrients), by Application (Fertigation and Foliar) and Region with country level break-up.
On the basis of geography, the market of Water Soluble Fertilizers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Growing Demand for Water-Soluble Nutrients in Developed Nations
Market Growth Drivers:
The Growth in the Adoption due to High Efficiency of Water-Soluble Fertilizers and Rapid Growth in Greenhouse Vegetable Production across the World
Challenges:
The Growth in Number of Players With Similar Product Formulations and Low Adoption rate and Lack of Awareness in Developing Nations
Restraints:
The fluctuation of Raw Material Prices and Growth of Organic Fertilizers Industry
Opportunities:
Increasing Environmental Concerns and Surging Awareness in Asian pacific Countries
Key Target Audience
Water-Soluble Fertilizer Manufacturers, Water-Soluble Fertilizer Raw Material Suppliers, Water-Soluble Fertilizer Product Exporters & Importers, Irrigation System Manufacturers and Suppliers, Fertilizer Manufacturers and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.