Compound specialized fertilizers that can be entirely dissolved in water and easily applied to or leached out of the soil are known as water-soluble fertilizers. These fertilizers can enhance utilization rate as the combination of water and fertilizer saves both, as well as labor. They provide a large number of advantages over traditional fertilizers, such as increased crop production and soil nutrient availability. Farmers are set to utilize fertilizers more effectively as a result of technological improvements in the mode of application. Research and development activities are currently being undertaken in the fields of fertigation foliar methods, since these approaches can maintain appropriate fertilizer flow and reduce the danger of excessive use in certain regions.
The water-soluble fertilizer market size was significantly large in 2020, and is expected to continue to register a rapidly inclining revenue CAGR between 2021 and 2028. Increased use of advanced agricultural methods and rising demand for vegetables, fruits, and other high-value crops with surging nutritional quality are some of the key factors expected to drive market revenue growth over the forecast period.
Top Companies Operating in the Global Water-soluble Fertilizer Market:
SQM, ICL, Haifa Chemicals Limited, COMPO Qatar Fertilizer Company, EuroChem, Coromandel International Limited, Yara International, Nutrien Ltd., EXPERT, and The Mosaic Company.
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The factors that drive the industry's growth are highlighted in the report. The report divides the Water-soluble Fertilizer market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and market size, geographic presence, and development and manufacturing capabilities.
Market Overview:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
The adoption of digital technologies by oil, gas, and chemical firms has been fueled primarily by cost savings and greater reliability. Many organizations in these areas saw excellent benefits from advanced market sensing, improved operational optimization, and expanded usage of "in silico" simulations. Companies' existing digital technologies provided an advantage with the abrupt entrance of COVID-19 and the accompanying shutdown of facilities and work sites, but they were often insufficient for the level of remote working and cybersecurity that was suddenly required.
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Water-soluble Fertilizer Market Segmentation
Type Outlook (Revenue, USD Billion; 2018-2028)
- Nitrogenous
- Phosphatic
- Potassic
- Micronutrients
Application Outlook (Revenue, USD Billion; 2018-2028)
- Fertigation
- Foliar
Crop Type Outlook (Revenue, USD Billion; 2018-2028)
- Field
- Horticultural
- Turf Ornamentals
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Water-soluble Fertilizer market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Water-soluble Fertilizer market.
The global Water-soluble Fertilizer market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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