Upcoming Growth Trends in the Water-Soluble Fertilizers Market

The water-soluble fertilizers market is projected to grow at a CAGR of 5.69% to reach USD 17.06 Billion by 2022. The market growth is driven by the rise in need for food security for the growing population, advancement in farming practices and technologies, growth in demand for fruits & vegetables, and ease of application of water-soluble fertilizers.

On the basis of type, the global market is led by the nitrogenous segment, followed by the phosphatic, potassic and micronutrients segments, respectively. The nitrogenous segment is projected to be the fastest-growing type in the water-soluble fertilizers market, due to the high crop loss by nutrient deficiency and high efficiency of nitrogenous water-soluble fertilizers to reduce this crop loss.

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Water-soluble fertilizers are used on all crop types, the ones considered in the study are horticultural crops, field crops, turf & ornamentals and others, which include plantation crops and hydroponics. The market for horticultural crops is the highest and is also projected to be the fastest-growing. This is mainly due to a high demand for fruits & vegetables by the growing population across the world.

The different mode of applications for water-soluble fertilizers are foliar, and fertigation. Fertigation is highly used for applying water-soluble fertilizers. To improve fertility and increase productivity of plants, fertigation is effectively used to control nutritional deficiency. The increasing acceptance of micro irrigation and precision irrigation techniques has proven to be a major driving factor for the fertigation application.

Europe is one of the largest contributors to the global water-soluble fertilizers due to the rise in in use of water-soluble fertilizers through advanced agricultural techniques and increase in need for food security in the European countries. Russia and Spain constituted the largest country-level markets in the European region in 2015. High market penetration by the leading water-soluble fertilizer companies and growth in need for nutrients for enhancing the agricultural growth and productivity, as well as the change in climatic conditions are the main factors influencing the growth of the water-soluble fertilizers market in Europe.

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This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. These companies include K+S AKTIENGESELLSCHAFT (Germany), Yara International ASA (Norway), Agrium Inc. (Canada), Israel Chemical Limited (Israel), and Sociedad Quimica YMinera SA (SQM) (Chile), Haifa Chemicals Limited. (Israel), COMPO GmbH & Co. KG (Germany), and Coromandel International Limited (India).