Water Soluble Fertilizers Market - Opportunities and Forecasts, 2018-2025 with Key Players: Agrium Inc., Israel Chemical, Lowa Fertilizer, Qatar Fertilizer, Yara International and More
Water Soluble Fertilizer high level Analysis:
This market is an emerging field of global fertilizer market. This analysis gives an overall view on global water soluble market, which is growing rapidly due to the rising demand for micro irrigation systems. Its driving and restraining factors are strategically dealt and more emphasis is given towards its wide opportunity in agrarian countries. The global market is analyzed using Porter’s five force model which assists the stakeholders to understand the bargaining power of buyer as water soluble fertilizer is highly price sensitive.
The key players dominating the mentioned market are Agrium Inc., Israel Chemical, Lowa Fertilizer, Qatar Fertilizer, Yara International, Sinochem Fertilizer Co. Ltd., Everris International B.V., Hebei Monband water Soluble Fertilizer Co. Ltd. Sinochem Fertilizer Co Ltd, with the help of the ministry of agriculture, China, is implementing the plans of cooperative scientific fertilizer application.
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These above technological advancements differentiate water soluble fertilizers from the conventional chemical fertilizers. The usage of water-soluble fertilizer application is simple. As it is well suited in advanced irrigation technology, it not only saves water and fertilizer, but also saves labor cost. Furthermore, water-soluble fertilizer has fewer impurities, has low conductivity compared to chemical fertilizers and fertilizer concentration is easier to adjust. It is also a safe chemical option for young seedlings .
Water soluble fertilizers Geographic Market Analysis:
On the basis of geography, water soluble fertilizer market is segmented into Europe, North America, Asis Pacific and rest of the world. Due to increasing adoption rate of micro and merchandize irrigation systems in the Asia Pacific region, the demand for water soluble fertilizers is expected to increase.
The major drivers of the market are its wider applications of green house, government subsidies for adoption of this technology, economic incentives with Fertigation to reduce ground water consumption and rising demand for micro-irrigation systems. The major constraints for this market are the cost of that is higher as compare to other soil fertilizers and also its negative seasonal impact and requirement of high initial setup cost. Wide scope of micro irrigation system in Asia creates opportunities for the acceptance of water soluble fertilizers.
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• The drivers and limiting factors of water soluble fertilizer is deeply analyzed in this report
• According to the study, fertigation application emerged as the best suited application as compare to other applications
• The analysis helps in understanding the strategies adopted by various companies for the growth of the water soluble fertilizer market
• Porter’s five forces model gives a comprehensive analysis of bargaining power of buyers & suppliers, threats of new entrants & substitutes and competition amongst the key market players
• In-depth analysis is conducted to know the market condition in various geographical regions across the world
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