Water Soluble Fertilizers Market size is forecast to reach $20 billion by 2025, after growing at a CAGR of 5.7% during 2020-2025.
Water Soluble Fertilizers Market size is forecast to reach $20 billion by 2025, after growing at a CAGR of 5.7% during 2020-2025. With the rise in agriculture sector the water-soluble fertilizers market is expected to grow.
Growing public interest and growing demand for essential goods will further enhance the overall market demand for water soluble fertilizers during the forecast period.
Water Soluble Fertilizers Market Report Coverage
The report: “Water Soluble Fertilizers Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the water-soluble fertilizers market.
By Product - Urea Phosphate, Sulphate of potash, Urea Phosphate with SOP (sulfate of potash), Calcium Nitrate, Potassium Nitrate, Mono Potassium Phosphate, Mono Ammonium Phosphate.
By Method of Application - Foliar Spray, Fertigation, Hydroponics, Drip Irrigation
Water Soluble Fertilizers Market Report Coverage
The report: “Water Soluble Fertilizers Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the water-soluble fertilizers market.
By Product - Urea Phosphate, Sulphate of potash, Urea Phosphate with SOP (sulfate of potash), Calcium Nitrate, Potassium Nitrate, Mono Potassium Phosphate, Mono Ammonium Phosphate.
By Method of Application - Foliar Spray, Fertigation, Hydroponics, Drip Irrigation
.
By Geography – North America, South America, Europe, APAC, RoW.
Key Takeaways
Asia-Pacific dominates the water-soluble fertilizers market owing to increasing demand from agricultural sector.
Growing demand from agricultural sector is likely to aid in the market growth of water-soluble fertilizers.
will increase the market demand for Water Soluble Fertilizers in the near future.
COVID 19 pandemic will create hurdles for the water-soluble fertilizers market
Water Soluble Fertilizers Market Segment Analysis - By Product
Urea Phosphate segment holds the largest share in the water-soluble fertilizers market. Urea is the most important nitrogenous fertilizer in the market, with the highest Nitrogen content (about 46 percent). It is a white crystalline organic chemical compound.
By Geography – North America, South America, Europe, APAC, RoW.
Key Takeaways
Asia-Pacific dominates the water-soluble fertilizers market owing to increasing demand from agricultural sector.
Growing demand from agricultural sector is likely to aid in the market growth of water-soluble fertilizers.
will increase the market demand for Water Soluble Fertilizers in the near future.
COVID 19 pandemic will create hurdles for the water-soluble fertilizers market
Urea Phosphate segment holds the largest share in the water-soluble fertilizers market. Urea is the most important nitrogenous fertilizer in the market, with the highest Nitrogen content (about 46 percent). It is a white crystalline organic chemical compound.
Urea is neutral in pH and can adapt to almost all kinds of soils. It is a waste product formed naturally by metabolizing protein in humans as well as other mammals, amphibians and some fish. Urea is widely used in the agricultural sector both as a fertilizer and animal feed additive.
The main function of Urea fertilizer is to provide the plants with nitrogen to promote green leafy growth and make the plants look lush. Urea also aids the photosynthesis process of plants. Since urea fertilizer can provide only nitrogen and not phosphorus or potassium, it’s primarily used for bloom growth.
Water Soluble Fertilizers Market Segment Analysis - By Method of Application
Fertigation sector has been the primary market for water soluble Fertilizers market. Fertigation is the injection of fertilizers, used for soil amendments, water amendments and other water-soluble products into an irrigation system.
Water Soluble Fertilizers Market Segment Analysis - By Method of Application
Fertigation sector has been the primary market for water soluble Fertilizers market. Fertigation is the injection of fertilizers, used for soil amendments, water amendments and other water-soluble products into an irrigation system.
Fertigation is related to chemigation, the injection of chemicals into an irrigation system. Fertilizer can be applied using any irrigation system. In fresh market vegetable production, drip irrigation is the most common system used for fertigation and requires the most knowledge for effective use.
Drip irrigation, also known as micro irrigation or trickle irrigation, applies water slowly, directly to the soil around the crop. Drip irrigation generally uses less than half the water of overhead and furrow irrigation. Efficiency with drip irrigation exceeds 90% whereas a sprinkler system is between 50 to 70% efficient.
Water Soluble Fertilizers Market Segment Analysis - By Geography
Water Soluble Fertilizers Market Segment Analysis - By Geography
APAC has dominated the water-soluble fertilizers market with a share of more than xx%, followed by North America and Europe. Countries such as India and China are major players in this region. Major crops produced in Asia include rice, sugar beet, fruits & vegetables, cereals, and grains; the region consumes 90% of the global rice produced.
There is a huge demand for agricultural micronutrients market in Asia Pacific due to the direct use of micronutrients to treat plant deficiencies and are often sprayed in combination or as additives. Micronutrients are essential elements that are used by plants in small quantities.
For most micronutrients, crop uptake is less than one pound per acre. In spite of this low requirement, critical plant functions are limited if micronutrients are unavailable, resulting in plant abnormalities, reduced growth and lower yield.
Water Soluble Fertilizers Market Drivers
Easy to control the precise amount of nutrients
Water soluble fertilizers are fertilizers that can be dissolved in water and added or leached out of the soil easily. With water soluble fertilizers it is easy to control the precise amount of nutrients available to your plants (the control is more exact with soilless mixes).
Water Soluble Fertilizers Market Drivers
Easy to control the precise amount of nutrients
Water soluble fertilizers are fertilizers that can be dissolved in water and added or leached out of the soil easily. With water soluble fertilizers it is easy to control the precise amount of nutrients available to your plants (the control is more exact with soilless mixes).
Fertilizers provide three primary nutrients: Nitrogen (N), Phosphorus (P) and Potassium (K). Nitrogen supports vegetative growth. Phosphorus improves roots and flowering. Potassium strengthens resistance to environmental assaults, from extreme temperatures to pest attacks, owing to this the water-soluble fertilizers market is growing.
Implementation of Governments Regulations
Governments globally are focusing on boosting their agriculture sector. Whereas Governments regulations such as Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) by Indian Government will help to grow the agriculture sector.
Water Soluble Fertilizers Market Challenges
Implementation of Governments Regulations
Governments globally are focusing on boosting their agriculture sector. Whereas Governments regulations such as Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) by Indian Government will help to grow the agriculture sector.
Under the Scheme an income support of Rs.6000/- per year is provided to all farmer families across the country in three equal installments of Rs.2000/- every four months, which will financially help the farmers let them focus more towards farming. And with the growth of agricultural sector the water-soluble fertilizers market will grow.
Water Soluble Fertilizers Market Challenges
Impact of COVID 19
The global water-soluble fertilizers market continues to be challenged by the lockdowns, logistical disturbances, reduced productions, and associated economic impacts of COVID-19. The global fertilizer sector has been affected since the outset, primarily in China, the world's largest producer as well as consumer of agriculture micronutrients.
The global water-soluble fertilizers market continues to be challenged by the lockdowns, logistical disturbances, reduced productions, and associated economic impacts of COVID-19. The global fertilizer sector has been affected since the outset, primarily in China, the world's largest producer as well as consumer of agriculture micronutrients.
The outbreak of a novel coronavirus in China has to date had the most critical impact across the Chinese agriculture sector, affecting the movement of both micronutrients products and raw materials in and out of the country. Moreover, this pandemic also expected to hit the water-soluble fertilizers industry in the U.S., Brazil, India, and EU-5 countries.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the water-soluble fertilizers market. In 2019, the market of water-soluble fertilizers has been consolidated by the top five players accounting for xx% of the share. Major players in the water-soluble fertilizers Market are PotashCorp, Mosaic, Uralkali, Yara International, CF industries, among others.
Acquisitions/Technology Launches
In January 2018, Potash Corporation of Saskatchewan Inc. (PotashCorp) has completed the merger of equals between Agrium Inc. (Agrium) and Nutrien Ltd. (Nutrien), creating the world’s premier provider of crop inputs and services.
For more Chemicals and Materials related reports, please click here
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the water-soluble fertilizers market. In 2019, the market of water-soluble fertilizers has been consolidated by the top five players accounting for xx% of the share. Major players in the water-soluble fertilizers Market are PotashCorp, Mosaic, Uralkali, Yara International, CF industries, among others.
Acquisitions/Technology Launches
In January 2018, Potash Corporation of Saskatchewan Inc. (PotashCorp) has completed the merger of equals between Agrium Inc. (Agrium) and Nutrien Ltd. (Nutrien), creating the world’s premier provider of crop inputs and services.
For more Chemicals and Materials related reports, please click here
