Water Soluble Fertilizer market size reached USD 23.35 Bn in 2029


Posted August 9, 2023 by monal123

Water soluble fertilizers (WSF) are fertilizers that can be dissolved in water and are applied directly to the plant through drip irrigation and foliar application to increase the nutrient use efficiency of the plant.

 
Water Soluble Fertilizer Market Overview:

Water Soluble Fertilizer Market Research Report analyzed the current state in the definitions, classifications, applications, and industry chain structure. The analysis provides unbiased professional commentary on the present market scenario, prior market performance, production and consumption rates, demand and supply ratios, and income generation forecasts for the projected period. The Water Soluble Fertilizer market study also gives information on the leading businesses functioning in the Water Soluble Fertilizer industry's strategic ambitions and company growth strategies. Mergers and acquisitions, government and corporate transactions, partnerships and collaborations, joint ventures, brand promotions, and product launches are among the methods evaluated in the research. To summarise what has been said thus far, the report provides a comprehensive picture of the Water Soluble Fertilizer market in both global and regional markets.

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Market Scope:

The research provides an analytical view of the business by studying several elements such as worldwide Transportation Management System market growth, consumption volume, market trends, and company pricing structures throughout the projected period. The analysis includes extensive research to explore the market's complexities. The research provides an overview of the worldwide Transportation Management System market, including market characteristics, market segmentation analysis, market size, customer landscape, and geographical landscape. The study considers growth drivers, current trends, advancements, prospects, and the competitive environment in its research. This market has been examined in several areas based on productivity and manufacturing base.

Market Dynamics:

The requirement for more production from each piece of land is what has propelled the water soluble fertiliser market to the forefront of the farming industry in the Asia Pacific region. Water soluble fertilisers are becoming more and more popular among farmers as a solution to nutrient deficiencies. The market for water soluble fertiliser in India is anticipated to grow over the course of the projected period due to factors such as growing acceptance of micro irrigation techniques, high WSF efficiency, and rising farmer awareness. Farmers looking to boost plant output and cut back on fertiliser use in their fields might use water soluble fertilisers as a sustainable alternative. The market for water soluble fertilisers in India is benefiting greatly as a result of the country's farmers' increasing use of sophisticated irrigation techniques including fertigation and foliar spraying, as well as the country's expanding need for fertilisers.

Segmentation:

by Type
• Nitrogenous
• Phosphatic
• Potassic
• Others

by Mode of Application
• Foliar
• Fertigation

Based on Type, the Nitrogenous sector was the leading segment in 2022 and accounted for 60.4% of the global volume share. This segment is anticipated to rise due to its extensive use in grains and oilseeds. Plants that consume the product have better texture and colour, which raises crop productivity as a whole. The urea phosphate category holds the largest market share in the Water Soluble Fertiliser industry. Urea is the most significant nitrogenous fertiliser on the market since it has the highest nitrogen concentration. With a pH of 7, nitrogenous fertiliser may flourish in almost any soil. The main goal of nitrogen fertiliser is to provide nitrogen to plants, which will promote the growth of green, leafy plants and make them appear lush.

According to the Mode of Application, the fertigation segment is the most preferable way for applying water-soluble fertiliser since it efficiently controls any pre-existing nutritional shortage in the crop. Because water soluble fertiliser is an expensive crop nutrition input, using it wisely through fertigation can significantly lower the cost of producing a variety of crops. The fertigation approach is successful in reducing fertiliser usage by up to 28%.

COVID-19 Impact on Water Soluble Fertilizer market:

The COVID-19 pandemic has had a severe influence on the worldwide Water Soluble Fertilizer business. Water Soluble Fertilizer production facilities have been suspended due to global downturn and personnel scarcity. The COVID-19 pandemic has resulted in a severe and prolonged decline in production utilization, and travel bans and facility closures have kept employees away from their facilities, resulting in a slowdown in the growth of the Water Soluble Fertilizer market in 2020. However, the negative impact of COVID-19 on the Water Soluble Fertilizer market is projected to be temporary, and the industry is predicted to rebound rapidly by early 2021, owing to the high demand for Water Soluble Fertilizer .

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Regional Analysis:

The report's region section also includes specific market affecting elements and changes in market regulation that affect the market's present and future developments. Some of the primary indicators utilized to estimate the market scenario for different regions include new sales, replacement sales, national demographics, regulatory acts, and import-export tariffs. In addition, the existence and availability of global brands, as well as the obstacles they face owing to big or scarce competition from local and domestic brands, as well as the influence of sales channels, are taken into account when offering forecast analysis of national data.

Key players:

• Agrium Inc.
• Israel Chemical Ltd. (ICL)
• Coromandel International Ltd.
• The Mosaic Company
• Lowa Fertilizer
• Hebei Monband Water Soluble Fertilizer Co., Ltd.
• Sociedad Química Y Minera De Chile (SQM)
• K+S AKTiengesellschaft
• Yara International Asa
• CF Industries Holdings Inc.
• TATA Chemicals
• Haifa Chemicals Ltd.
• Sinochem Fertilizer Co. Ltd.
• Qatar Fertilizer
• Compo GmbH & Co. Kg
• Indian Farmers Fertilizer Cooperative
• Zuari Industries Ltd.
• SQM
• Nutrien Ltd.
• EuroChem
• DCM Shriram Farm Solutions
• Nagarjuna Fertilizers & Chemicals Ltd.
• Gujarat State Fertilizers & Chemicals Ltd.

The study gives a complete assessment of the presence of the Water Soluble Fertilizer market in various areas and countries. Through a deep geographical assessment of the industry, the research analyst seeks to find hidden development prospects that may be used by companies in various regions of the world. The worldwide Water Soluble Fertilizer Market research gives precise knowledge that prepares market players to compete successfully with their largest competitors based on growth, sales, and other critical factors. Significant market features such as market drivers and barriers are separated from important development prospects and industry trends in the research study.

Global Water Soluble Fertilizer Market research report offers:

The research contains a wealth of information, including market dynamics, scenarios, and prospects for the projection period.
Quantitative, qualitative, value (USD Million), and volume (Units Million) statistics are included in segments and sub-segments.
Data at the regional, sub-regional, and country levels contain demand and supply dynamics, as well as their impact on the market.
In the year 2020, the competitive landscape has included a share of significant companies, new advances, and tactics.
These players provide comprehensive goods, important financial information, latest advancements, SWOT analysis, and strategies.
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Issued By monalyadav
Business Address MAXIMIZE MARKET RESEARCH PVT. LTD. ⮝ 444 West Lake Street, Floor 17, Chicago, IL, 60606, USA.
Country India
Categories Business
Tags water soluble fertilizer market , water soluble fertilizer market type , water soluble fertilizer market size
Last Updated August 9, 2023