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Water-Soluble Fertilizers Market by Top Key Industry Players: Israel Chemical, Qatar Fertilizer, Agrium, Everris International, Yara International, Sinochem Fertilizer, Haifa Chemicals, Upstart Products, K+S AG, Compo GmbH

Water-Soluble Fertilizers Market by Top Key Industry Players:

Asia Pacific water-soluble fertilizers industry is expected to witness significant growth owing to high adoption of merchandise and micro irrigation systems particularly in India and China. Increasing adoption of fertigation and foliar spray among farmers to meet the rising food demand will further induce immense potential for product demand. High dependence on agriculture as economic source and employment will further propel water soluble fertilizers industry. As per analysis, agricultural sector accounted for over 15% of the Indian economy in 2016.

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Water-Soluble Fertilizers Market size is anticipated to witness significant growth over forecast timeframe. Necessity for food security due to rapid population growth coupled with decreasing overall arable land globally are among key factors driving business growth. Considerable shift in farming practices along with positive outlook towards usage of technology & innovations to improve farm yield will propel the market growth.

High application scope along with improved efficiency as compared to granular alternatives has enhanced the water-soluble fertilizers industry share. Rising consumer awareness pertaining to organic food products will support market growth. Limited availability of arable lands, easy application, and rising environmental concerns across the globe are other factors fueling water soluble fertilizers demand.

As per Food and Agriculture Organization (FAO), emerging economies including China and India need an extra 120 million hectares of arable land to fulfil the rising food demand by 2030. Arable lands are getting wasted due to improper agricultural practices and deforestation that leads to considerable loss of production yield. Efficient farm yield along with sustainable benefits, maintenance of overall plant health and enhanced crop growth are key properties fueling water-soluble fertilizers industry growth.

However, relatively higher product costs than other substitutes may hamper water-soluble fertilizers industry growth. Lack of consumer awareness regarding product benefits will further pose a challenge for market participants. Increasing threat of substitutes mainly including organic alternatives are among key restraining factors of product scope.

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Europe water-soluble fertilizers industry is expected to account for leading market share over the coming years. Rising product demand as an innovative agricultural technique will further fuel the regional demand. Necessity for efficient nutrients to ensure enhanced agricultural productivity & growth coupled with presence of well-established manufacturers will support business growth.

Global water-soluble fertilizers market share is highly fragmented due to presence of large number of international and regional players operating in global as well as local market. Israel Chemical, Qatar Fertilizer, Agrium, Everris International, Yara International, Sinochem Fertilizer, Haifa Chemicals, Upstart Products, K+S AG, Compo GmbH and Mosaic Company are among key market players. Manufacturers are mainly focused on acquisitions, mergers, supply agreements and production capacity expansion to expand geographical coverage and reduce operational costs. For instance, in July 2017, Upstart Products merged with Ewing Irrigation & Landscape Supply to expand its product portfolio.

Market share calculation in this report is not done based on companies covered in it. The calculation of water-soluble fertilizers market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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