Water Soluble Fertilizers Market Worth $14.1 Billion by 2017
DALLAS, March 1, 2013 /PRNewswire/ –
The report “Water Soluble Fertilizers Market, By Types (Nitrogenous, Phosphatic,
Potassic, Micronutrients), Applications (Fertigation, Foliar Application), Crop Types
(Field, Horticultural, Turf and Ornamentals) and Geography – Global Trends and Forecasts
To 2017″ defines and segments the global water soluble fertilizers market with analysis of
current demand and forecasted consumption in terms of volume and revenue. It also
identifies the driving and restraining factors for the global water soluble fertilizers
market with analysis of trends, opportunities, burning issues, winning imperatives, and
challenges. The market is segmented by types of water soluble fertilizers, application
methods, and crop types. The market revenue is forecasted on the basis of major regions
such as North America, Europe, Asia-Pacific, and Rest of the World (ROW). On the basis of
significant contribution to overall demand, key countries have been covered and forecasted
for each region.
- 117 market data tables - 20 figures - 294 pages and an in-depth Table of Content on "Water Soluble Fertilizers Market"
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A water soluble fertilizer is a compound that easily dissolves in water and provides
essential nutrient uptake to crops. One of the key positive attributes of water soluble
fertilizer is its complete uptake by crops and high absorption rate; without leaving
behind any chemical residue that may cause pollution. All types of water soluble
fertilizers contain macronutrients – Nitrogen (N), Phosphorus (P), and Potash (K). Apart
from N, P, and K; magnesium, calcium, sulfur, copper, and molybdenum are some of
micronutrients present in water soluble fertilizer in various compositions. Water soluble
fertilizers allow the farmers to choose, with a great amount of precision, the amount of
each nutrient that they wish to add to their crops.
Water soluble fertilizers market is driven by the associated advantages which include
easy application, uniform distribution of nutrients to the crops, and lower manpower
costs. Other positive factors driving the demand of the industry include increasing
adoption of micro irrigation systems and wider applications in greenhouses. One of the key
restraining factors for water soluble fertilizers market is the high product cost
associated with these. Growth is particularly high in emerging countries such as China,
India, Israel, and Brazil because of increasing awareness levels on increasing yield, ease
of application, and high efficiency of water soluble fertilizers which result in
The global water soluble fertilizers market
was at $10,083.8 million in 2011 and is expected to reach $14,143.7 million by 2017,
growing at a CAGR of 5.6% from 2012 to 2017. Leading manufacturers are focusing on
expansion of respective businesses across regions and setting up new manufacturing plants
to ramp up production capacities and broaden overall product line. Major industry
participants are involved in mergers & acquisitions to penetrate in untapped markets of
Asia and Latin America.
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