Water Soluble Fertilizer Market Dynamics Share and Product Value Forecast To 2024
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<strong>Water</strong> <strong>Soluble</strong> <strong>Fertilizer</strong> <strong>Market</strong> <strong>Dynamics</strong> | <strong>Share</strong> <strong>and</strong> <strong>Product</strong><br />
<strong>Value</strong> | <strong>Forecast</strong> <strong>To</strong> <strong>2024</strong><br />
“Global <strong>Water</strong> <strong>Soluble</strong> <strong>Fertilizer</strong> <strong>Market</strong> report includes in-depth analysis of<br />
industry by recent technologies, trends, opportunities, challenges, key players<br />
<strong>and</strong> business strategies considering types, segment <strong>and</strong> future outlook.”<br />
The global water soluble fertilizer market size was USD 12.5 billion in 2015 <strong>and</strong> is anticipated to<br />
reach USD 22.0 billion by <strong>2024</strong>. Increasing dem<strong>and</strong> from wide range of fustigation application<br />
coupled with increasing awareness <strong>and</strong> adoption of micro irrigation systems is anticipated to<br />
boost the global dem<strong>and</strong> for water soluble fertilizers. Growing dem<strong>and</strong> <strong>and</strong> need for superior<br />
yield owing to increasing world population, reduction in arable l<strong>and</strong>, <strong>and</strong> great dem<strong>and</strong> of<br />
biofuels is expected to impact the global dem<strong>and</strong> for water soluble fertilizers.<br />
Harmful ecological impacts of over/high fertilization, including pollution of ground water,<br />
disturbances in environment life sciences, <strong>and</strong> increase in area under ocean dead zones are<br />
expected to restrict the market growth. Increasing awareness among farmers across emerging<br />
economies coupled with technology driven farm practices.<br />
High priced crops including vegetables <strong>and</strong> fruits are expected to drive the market dem<strong>and</strong>.<br />
Growing protection of cultivated crops is estimated to attract growers around the globe since it<br />
offers good returns on investment. Large number of growers entered into the greenhouse<br />
system of agriculture production industry to achieve higher rates of return for their products.<br />
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The use of these fertilizers is expected to be highly seasonal <strong>and</strong> improved, thus protected crop<br />
production is anticipated to drive the market dem<strong>and</strong> for fertilizer products, particularly for<br />
water-soluble fertilizers. On the basis of fertilizer type, the global market has been segmented<br />
into Nitrogen, sulphur, iron, chlorine, magnesium, calcium, Phosphate, <strong>and</strong> potassium which<br />
include secondary <strong>and</strong> micro nutrients. Nitrogen is expected to be the widely used element in<br />
the market <strong>and</strong> is expected to continue its dominance owing to its easy availability <strong>and</strong> It is used<br />
to synthesize proteins, amino acids, enzymes, nucleic acids, <strong>and</strong> chlorophyll. Nitrogen nutrients<br />
can be further classified into Urea, ammonium sulphate, nitrate, <strong>and</strong> calcium nitrate.<br />
Phosphate is expected to witness significant growth rate over the next seven years It stimulates<br />
root formation <strong>and</strong> shoot growth at the early stages of plant growth. lack of Phosphorus levels<br />
in plants may result in poor seed <strong>and</strong> fruit development <strong>and</strong> also reduces the growth of plants<br />
significantly. Phosphorus is particularly important <strong>and</strong> widely used in cool weather. Starter<br />
fertilizers constitute more of these nutrients in huge amounts. Potassium is expected to have<br />
moderate growth rate over the forecast period. This element helps the plants to resist diseases<br />
<strong>and</strong> boosts root growth. Potassium nutrients improve cold hardness <strong>and</strong> helps in increasing the<br />
size of fruits <strong>and</strong> vegetables. Signs of potassium lack or deficiency include slow growth, shriveled<br />
fruit, weak plants, <strong>and</strong> leaf burning at margins or tip<br />
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On the basis of application, water soluble fertilizer market has been segmented into fertigation<br />
<strong>and</strong> foliar. Fertigation is expected to be the largest segment in terms of revenue <strong>and</strong> market<br />
share owing to its wide applications among various crops. Fertigation processes involve injection<br />
of soil amendments, water-soluble products <strong>and</strong> fertilizers into an irrigation system. Foliar<br />
feeding is a method of nourishing plants by applying the liquid fertilizer to their leaves. Plants<br />
<strong>and</strong> crops are able to absorb essential nutrients through their leaves. This absorption is carried<br />
out through their stomata <strong>and</strong> also through their epidermis.<br />
On the basis of crop type, the market has been segmented into Field Crops, Horticultural Crops<br />
<strong>and</strong> Turf & Ornamentals. Field corps constitutes the largest segment in the global market owing<br />
to its wide applications across the globe. These crops are grown for agricultural purposes <strong>and</strong><br />
are consumed by people. Growing population <strong>and</strong> dem<strong>and</strong> for vegetables <strong>and</strong> fruits is expected<br />
to be the driving factor for the market growth in this segment.
North America is expected to the largest regional segment in the global market. Extensive use<br />
of bio fuels has increased the dem<strong>and</strong> for fertilizers <strong>and</strong> is driving the growth in this region High<br />
consumption of meat <strong>and</strong> meat products has been driving the high use of fertilizers in North<br />
America as it increases the dem<strong>and</strong> in animal feed <strong>and</strong> feed products.<br />
Increasing adoption rate of merch<strong>and</strong>ize <strong>and</strong> micro irrigation processes in the Asia Pacific<br />
region, is expected to witness significant growth rate for water soluble fertilizers key players in<br />
the market are Yara International, The Mosaic Company, Agrium Inc., ICL <strong>Fertilizer</strong>s, PotashCorp,<br />
CF Industries. Other industry participants include QAFCO, Haifa Chemicals, SinoFertK+S AG,<br />
Uralchem, <strong>and</strong> SQM<br />
The water-soluble fertilizers market is expected to be highly fragmented with major players<br />
driving the growth through expansions, agreements, new product launches <strong>and</strong> acquisitions, to<br />
develop their position in the market. These strategies were followed by the industry participants<br />
to exp<strong>and</strong> their global presence <strong>and</strong> enhance their product portfolio.<br />
<strong>Market</strong> Segment:<br />
<strong>Water</strong> <strong>Soluble</strong> <strong>Fertilizer</strong>s <strong>Product</strong> Outlook (Volume, Kilo <strong>To</strong>ns; Revenue, USD Million, 2013 -<br />
<strong>2024</strong>)<br />
• Nitrogenous<br />
• Phosphatic<br />
• Potassium<br />
• Micronutrients<br />
• Secondary nutrients<br />
<strong>Water</strong> <strong>Soluble</strong> <strong>Fertilizer</strong>s Crop Type Outlook (Volume, Kilo <strong>To</strong>ns; Revenue, USD Million, 2013 -<br />
<strong>2024</strong>)<br />
• Field<br />
• Horticultural<br />
• Plantation<br />
• Turf & ornamental<br />
<strong>Water</strong> <strong>Soluble</strong> <strong>Fertilizer</strong>s Application Outlook (Volume, Kilo <strong>To</strong>ns; Revenue, USD Million, 2013 -<br />
<strong>2024</strong>)<br />
• Fertigation<br />
• Foliar
<strong>Water</strong> <strong>Soluble</strong> <strong>Fertilizer</strong>s Regional Outlook (Volume, Kilo <strong>To</strong>ns; Revenue, USD Million, 2013 -<br />
<strong>2024</strong>)<br />
• North America<br />
• U.S.<br />
• Mexico<br />
• Canada<br />
• Europe<br />
• Germany<br />
• UK<br />
• Italy<br />
• Russia<br />
• Spain<br />
• Ukraine<br />
• Asia Pacific<br />
• China<br />
• India<br />
• Japan<br />
• Australia<br />
• Malaysia<br />
• Latin America<br />
• Brazil<br />
• MEA<br />
• South Africa<br />
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