Press release
Water Soluble NPK Fertilizers Market is expected to grow at a CAGR of 7.1% from 2023-2030 : Cognitive Market Research
Water Soluble NPK Fertilizers Market is expected to grow at a CAGR of 7.1% from 2023-2030 : Cognitive Market Research
Water-soluble fertilizer is a multi-compound fertilizer that can be dissolved in water and is more easily absorbed by crops. Further, its absorption and utilization are relatively high as compared to conventional chemical fertilizers. The fixed amount of nutrients available to the plants can be easily provided with the help of this fertilizer.
Summary:
• The global water-soluble NPK fertilizers market was valued at USD 13,567.3 million in 2021 and is expected to exhibit a CAGR of 7.1% during the forecast period (2022-2030)
• Europe dominates the global water-soluble NPK fertilizers market with the highest revenue share.
• The Horticultural Crops segment accounted for the largest revenue share of the global water-soluble NPK fertilizers market
• The foliar segment accounted for the largest revenue share of the global water-soluble NPK fertilizers market
• The rising requirement for specialty fertilizers to enhance the production of high-quality crops is anticipated to drive the demand for the global market
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Market Dynamics
The rising requirement for specialty fertilizers to enhance the production of high-quality crops is anticipated to drive the demand for the global market. In addition, growing initiatives by the government to promote specialty fertilizers and its benefits will drive global market growth. However, the high price of these specialty fertilizers may hamper the growth of the global water-soluble NPK fertilizers market.
Market Segmentation:
By Application:
• Foliar
• Fertigation
The foliar segment accounted for the largest revenue share of the global water-soluble NPK fertilizers market. This is attributed to its being an eco-friendly process that reduces the liberation of nitrates and other elements into the environment. Additionally, it declines water pollution and maintains soil productivity which boosts the demand for the global market.
By Crop Type:
• Field Crops
• Horticultural Crops
• Ornamentals
• Others
The Horticultural Crops segment accounted for the largest revenue share of the global water-soluble NPK fertilizers market. Growing demand for a nutrition-rich diet across the globe is anticipated to drive the demand for the global market.
Competitive Analysis for Water Soluble NPK Fertilizers Market:
Acron Group, Arab Potash Company, Compo Expert GmbH, Coromandel International Limited, Eurochem Group, Haifa Chemicals Ltd., Hebei Monband Water Soluble Fertilizer Co. Ltd., Indian Farmers Fertiliser Cooperative Limited, Israel Chemicals Limited, K+S Aktiegesellschaft, OMEX, PhosAgro Group, PT Petrokimia Gresik, Sichuan Guoguang Agrochemical, SQM S.A, , The Mosaic Company, Uralchem Group, and Yara International ASA
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Regional Analysis:
Europe dominates the global water-soluble NPK fertilizers market with the highest revenue share. Increasing adoption of specialized fertilizers in countries such as Spain, France, and Russia drive the demand for the global market. Furthermore, Asia Pacific is anticipated to register the growth of the global market with the highest growth rate. Increasing investment by the major market players is anticipated to drive the demand for the global market in the country in the region.
News:
Yara Suomi Oy, a Finland-based chemical company specializing in the production and distribution of fertilizers, acquired Ecolan Oy
In September 2021, Yara Suomi Oy, a Finland-based chemical company specializing in the production and distribution of fertilizers, acquired Ecolan Oy for an undisclosed amount. Through this acquisition, Yara will increase its organic fertilizer portfolio, crop nutrition solutions, and product reach to Europe. Ecolan Oy is a Finland-based company that produces recycled fertilizers.
Source (https://www.yara.com/corporate-releases/yara-acquires-finnish-ecolan-to-expand-its-organic-fertilizer-business/)
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Water Soluble Npk Fertilizers Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Water Soluble Npk Fertilizers Market Segmentation
1.5.1 Water Soluble Npk Fertilizers Market Regional Fragmentation
1.5.1 Water Soluble Npk Fertilizers Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Water Soluble Npk Fertilizers Market
• 3.1 Global Water Soluble Npk Fertilizers Market Size 2018 - 2030, (USD Million)
• 3.2 Global Water Soluble Npk Fertilizers Market Statistics 2022: Snapshot
Chapter 4 Global Water Soluble Npk Fertilizers Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Water Soluble Npk Fertilizers Market by Crop Type Segmentation Analysis (2018-2030)
Chapter 9 Global Water Soluble Npk Fertilizers Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Water Soluble Npk Fertilizers Market Regional Analysis
Chapter 11 North America Water Soluble Npk Fertilizers Market Outlook (2018 - 2030)
Chapter 12 Europe Water Soluble Npk Fertilizers Market Outlook (2018 - 2030)
Chapter 13 Asia Pacific Water Soluble Npk Fertilizers Market Outlook (2018 - 2030)
Chapter 14 Latin America Water Soluble Npk Fertilizers Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa Water Soluble Npk Fertilizers Market Outlook (2018 - 2030)
Chapter 16 Research Findings
To know more Water Soluble Npk Fertilizers Market TOC click here:
https://www.cognitivemarketresearch.com/water-soluble-fertilizer-market-report#table_of_contents
Related Reports:
Agricultural biological market:
https://www.cognitivemarketresearch.com/agricultural-biological-market-report
Micronutrient fertilizers market:
https://www.cognitivemarketresearch.com/micronutrient-fertilizers-market-report
Complex fertilizers market.
https://www.cognitivemarketresearch.com/complex-fertilizers-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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