Water-soluble fertilizers help farmers to accelerate the growth of crops and uphold the overall health of the plants thereby enhancing the productivity. Water soluble fertilizers market is projected to witness a compound annual growth rate of XX.XX% during the forecast period to reach a total market size of US$XX.XX billion by 2022, increasing from US$XX.XX billion in 2017. The growing demand for food products owing to ever growing population, increasing spending power and urbanizing society in developing nations, drive the need to enhance farm productivity. As per a FAO report, feeding a world population of 9.1 billion people in 2050 would require raising overall food production by around 70% between 2005 and 2050. The high efficiency and ease of application of water soluble fertilizers enhance its adoption for improving farm productivity. Other drivers include, growing trend of greenhouse vegetable production and decreasing arable land. However, growing organic fertilizer industry is turning out to be a threat for water soluble fertilizers.
Geographically, Europe accounted for a large market share in 2016 and is expected to grow at a considerable rate. Advanced agricultural techniques and strict regulations for food security adopted by European countries are some of the major reasons for this growth. Moreover, presence of leading players results in continuous product innovations which further drive the segment’s growth. However, Asia pacific is also expected to grow at a high rate over the projected period. The advancement in irrigation systems coupled with increasing regulations for environmental safety drives this regional growth.
The global water soluble fertilizers market is highly competitive owing to the presence of well diversified local, regional and international players. The major players discussed in the report include Agrium, Haifa, Potash Corp, The Mosaic Company, K+S AG, EuroChem, and Yara International. Organizations are largely focusing on research and development in order to get ahead in competition, by enhancing their offering.
Water soluble fertilizers market has been segmented by type, application, and geography
Europe Middle East and Africa
Key questions answered by the report
What will be the water soluble fertilizers market size from 2017 to 2022?
How are the major drivers and restraints affecting the water soluble fertilizers market growth and the opportunities which exist for key vendors?
Which segment and region will drive or lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participants’ behaviour
Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth