Water Soluble Fertilizer Market Outlook To 2024
The global water soluble fertilizer market was valued at $12.52 billion in 2016 and is forecast to grow at a steady CAGR of 8.4% between 2017 and 2024, culminating in 2024 global revenue of $21.07 billion. Population expansion coupled with rising demand for food security in developing regions is anticipated to remain the primary driving factor for market growth over the forecast period.
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Key findings from the study: -
o Global demand for healthy and natural food intake is driving the water soluble fertilizer industry market to elevate at CAGR of 5.76%.
o Fertigation was the maximum in 2016 and shown over 67% of the global revenue share and is expected to show high gains owing to high crop productivity and less labor cost involved in the process.
o The Association of American Plant Food Control Officials (AAPFCO) has adopted Enhanced efficiency fertilizers to minimize the potential of nutrient loss to the environment, as compared to reference soluble sources.
o Global Top market players in WSF are Yara International ASA (Norway), PotashCorp, Mosaic, Coromandel International Ltd., Haifa Chemicals Ltd.
Ameri Research has segmented the Water Soluble Fertilizer Market by material categories, product type, end-use and region:
This report provides comprehensive analysis of,
o Market growth drivers
o Top players
o Product outlook
o Technology outlook
o North America
o Asia Pacific
o Middle East and Africa
o Fertigation and Foliar
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