Soluble Fertilizer Market Overview
According to a research survey conducted by ChemView Consulting, in 2022, the Global Soluble Fertilizer Market was worth US$ 7606.5 Mn and is expected to grow at a CAGR of 6.9% over the forecast period. The market is expected to hit US$ 1,2971.9 Mn by 2030 end.
Water soluble fertilizers dissolve in water and are administered to plants’ roots or leaves throughout the growing season. Fertilizer addition frequently doubles or triples production. The ever-increasing need for agricultural goods is the primary driver of the rise in demand for water-soluble fertilizers.
The major benefit of water-soluble fertilizer over other fertilizers is that it has a faster impact, is easier to apply, and has wider coverage.
Soluble Fertilizer Market 2017-2030: Report Key Highlights
- Detailed information on factors that will assist Global Soluble Fertilizer’s growth during the next eight years
- Assessment of the historical and current Global Soluble Fertilizer Market size (2017-2021), market projections (2022-2030), and its contribution to the parent market
- The growth of the market across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa
- Segment-wise, country-wise, and region-wise market analysis
- Key drivers, restraints, opportunities, and key emerging trends impacting market growth
- Predictions on critical supply, demand, and technological trends and changes in consumer behavior
- Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
- Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
- Covid-19 impact on the market and how to navigate
- Strategic market analysis and recommendations on crucial winning strategies
For More Details Visit Our Report Page: https://chemviewconsulting.com/reports/soluble-fertilizer-market/
Segments Covered in Report
By Type:
- Nitrogen(N)
- Potassium(K)
- Phosphate(PO43-)
- Secondary Nutrients
- Micro-nutrients
- By Form: Liquid
- Powder
- Granules
By Crop Type:
- Field crops
- Horticultural crops
- Turf & ornamentals
- Others (which include plantation crops and hydroponics)
By Application:
- Foliar
- Fertigation
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways
By Type: The nitrogenous segment is projected to be the fastest-growing type of water-soluble fertilizers. It is due to the high crop loss by nutrient deficiency and the high efficiency of nitrogenous water-soluble fertilizers to reduce this crop loss.
By Crop Type: The market for horticultural crops is the highest and is also projected to be the fastest-growing. It is mainly due to the growing population worldwide’s high demand for fruits & vegetables.
By Application: Fertigation is highly used for applying water-soluble fertilizers. To improve fertility and increase the productivity of plants, Fertigation is effectively used to control nutritional deficiency. The increasing acceptance of micro and precision irrigation techniques has proven to be a major driving factor for the fertigation application.
By Region: With more than a third of overall use, Europe is the largest worldwide water soluble fertilizer market. Increased farmer knowledge of the benefits of water-soluble fertilizers and population expansion drive market growth in this region.
Competition Summary
Because of the presence of multiple small and large-scale producers, the market is very competitive. To gain a competitive edge through combined synergies, important participants have been exploring new territories through new product launches, alliances, and acquisitions throughout the world.
Key companies covered in the market study are Yara International ASA, Agrium Inc., K+S Aktiengesellschaft, Coromandel International Limited, Compo GmbH & Co, Haifa Chemicals Limited, Sociedad Quimica Y Minera SA, Israel Chemical Limited, The Mosaic Company, and EuroChem.
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