About Water Soluble Fertilizers
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.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Billion) |
CAGR | 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. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Water Soluble Fertilizers market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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 coverage are Timac Agro USA (United States), Garsoni International (United States) and Sun Gro Horticulture (United States).
Segmentation Overview
AMA Research has segmented the market of Global Water Soluble Fertilizers market by Type (Nitrogenous, Phosphatic, Potassic and Micronutrients), Application (Fertigation and Foliar) and Region.
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). If we see Market by Crop Type, the sub-segment i.e. Field will boost the Water Soluble Fertilizers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
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
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.