Post Covid-19 Update: Water Soluble Fertilizers Market To Reach USD 20.8 Billion By 2027 | CAGR 4.8% — Forencis Research

Global Water Soluble Fertilizers Market: Key Highlights

• According to the new market research report “Water Soluble Fertilizers Market by Type (Nitrogenous, Micronutrients, Phosphatic, Potassium), by Application (Foliar and Fertigation), by Crop Type (Field Crops, Horticultural Crops, Turf & Ornamentals, Other Crop Type), by Region (North America, Asia Pacific, Europe, Middle East & Africa, South America) — Global Forecast (2020 to 2027)”, the global Water Soluble Fertilizers market is estimated to reach USD 20.8 Billion by 2027 at a CAGR of around 4.8% during the review period.
• Water soluble fertilizers absorption and utilization is relatively high as compared to conventional chemical fertilizers. It easily dissolved in water and added or leached out of the soil easily.
• The technology behind the water soluble fertilizer is best suited for the modern irrigation system
• Moreover, it also prevents groundwater contamination. It well suited for the advance irrigation technology, it saves water and fertilizer as well as saves labor costs.
• In addition to this, water-soluble fertilizer has fewer impurities, has low conductivity compared to chemical fertilizers and fertilizer concentration is easier to adjust. It is one of the safest chemical options for young seeding.

Global Water Soluble Fertilizers Market: Key Market Dynamics

• the growth in greenhouse vegetable production is expected to drive the global water soluble fertilizers market during the assessment period
• The efficieny of water soluble fertilizers is high as compared to ither fertelizers which is likely to drive the market
• Moreover, the limited availability of arabe land is expeted to spur the demand for the global water soluble fertilizers market
• However, rising awareness about health & safety particularly in urban population supporting the organic fertilizers industry growth, which is likely to hamper the growth of the water soluble fertilizers market.

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Global Water Soluble Fertilizers Market: Regional Overview

• Asia-Pacific

Asia-Pacific is expected to account the largest market share in the water soluble fertilizers market, followed by Europe and North America. The highest market share in water soluble market of this region is mainly attributed to the This is attributed to the increasing demand from population-dense economies including China, India, Pakistan, Vietnam, and Bangladesh. Furthermore, investment inflows and subsidies from governments to the fertilizer industry will propel product penetration in the region. Moreover, the presence of medium to small scale market participants in the region, coupled with rapid economic growth and government support, is expected to drive the market. For Instance, the Government of India has increased fertilizer subsidy allocation from USD 9.83 million to more than USD 11 million in 2019.

Global Water Soluble Fertilizers Market: Key Players Overview

• Nutrien Ltd.:

Nutrien Ltd is Canada-based crop nutrient producer and distributers of potash, nitrogen and phosphate products for agricultural, industrial and feed customers worldwide. The Company is focused on retail, potash, nitrogen and phosphate mining and processing operations. The Company operates six potash mines in Saskatchewan and has a mine in New Brunswick in care-and-maintenance mode. The Company operates integrated phosphate mining and processing facilities, as well as a number of smaller upgrading plants in the United States. In January 2020, Nutrien Ltd. announced to acquire 100 % of the equity of Agrosema Comercial Agricola Ltda. (Brazil), a retailer in the southern Brazil crop input market with over 30 years of experience. This acquisition will help Nutrien Ltd to increase retail operations in Brazil and will create another market channel for the company industry-leading national products, produced by our Agrichem business located in Ribeirao Preto, São Paulo.

• Yara International ASA:

Yara International ASA is one the global leader in the production, distribution, and sale of fertilizers. The company operates through the following business segments Sales and Marketing, Industrial, Production, and Supply Chain. The Production segment involves in the manufacturing plants producing ammonia and finished fertilizer and industrial products. The company has a global reach with its services in around 60 countries. In May 2018, Yara International ASA and Kalmar Global (Finland) have begun to design the world’s first zero-emission cargo solution which would be fully-digitalized and autonomous. This innovation is the Yara Birkeland cargo ship that was designed to improve safety and sustainability in the entire supply chain.

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