Press release
Water Soluble Fertilizer Market Reach is expected to reach USD 25.03 Billion by 2030: Yara International (Norway), ICL Group (Israel), Nutrien Ltd. (Canada)
Water Soluble Fertilizer Market
Water Soluble Fertilizer market was valued at USD 15.38 Bn in 2023 and is expected to reach USD 25.03 Bn by 2030, at a CAGR of 5.54% during the forecast period.
Water Soluble Fertilizer Market Overview
Definition
Water-soluble fertilizers are fertilizers that dissolve completely in water, providing a precise and efficient way to nourish plants. They offer benefits over traditional fertilizers by delivering nutrients more effectively to the plant.
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Market Valuation
The Water Soluble Fertilizer market was valued at USD 15.38 billion in 2023 and is expected to reach USD 25.03 billion by 2030, growing at a CAGR of 5.54% during the forecast period.
Market Dynamics
Drivers
1. Increasing Global Population: The growing world population, projected to reach 9.7 billion by 2050, drives the need for increased agricultural productivity, boosting the demand for water-soluble fertilizers.
2. Technological Advancements: Innovations in fertilizer formulations and application techniques, such as controlled-release fertilizers and precision agriculture, enhance nutrient delivery efficiency.
3. Government Initiatives: Various government programs and subsidies promote the use of water-soluble fertilizers to increase crop yields and improve food security.
4. Environmental Benefits: Water-soluble fertilizers reduce the risk of nutrient leaching and groundwater contamination, aligning with the increasing demand for environmentally friendly agricultural practices.
𝐍𝐞𝐞𝐝 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 + 𝐆𝐫𝐚𝐩𝐡𝐬 𝐇𝐞𝐫𝐞: https://www.maximizemarketresearch.com/inquiry-before-buying/33171/
Regional Insights
Europe
• Market Share: Held a 40.4% share in 2023.
• Key Drivers: Adoption of precision farming techniques and the need for efficient fertilizers.
• Challenges: The drive to decarbonize the economy and stringent regulations.
Asia Pacific
• Growth Rate: Projected to grow at a 5.38% CAGR during the forecast period.
• Key Drivers: Increasing adoption of micro-irrigation systems and demand for high-value horticultural crops.
• Key Markets: India and China, with significant investments and expansions by key players.
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Segmentation Analysis of the Water Soluble Fertilizer Market:
by Type
Nitrogenous
Phosphatic
Potassic
Others
by Mode of Application
Foliar
Fertigation
by Crop Type
Field Crop
Horticulture
Turf & Ornamentals
Others
Who is the largest manufacturers of Water Soluble Fertilizer Market worldwide?
1. Yara International (Norway)
2. ICL Group (Israel)
3. Nutrien Ltd. (Canada)
4. Haifa Group (Israel)
5. SQM (Sociedad Química y Minera de Chile) (Chile)
6. K+S Group (Germany)
7. The Mosaic Company (USA)
8. Coromandel International Ltd. (India)
9. ICL Specialty Fertilizers (Israel)
10. Compo Expert GmbH (Germany)
11. Everris (a division of ICL) (Israel)
12. Tata Chemicals (India)
13. EuroChem Group (Switzerland)
14. Sinochem Group (China)
15. AgroLiquid (USA)
16. Hebei Monband Water Soluble Fertilizer Co., Ltd. (China)
17. SQM Vitas (USA)
18. Plant Marvel Laboratories, Inc. (USA)
19. Valagro (Italy)
20. Van Iperen International (Netherlands)
21. J.R. Simplot Company (USA)
22. ICL Fertilizers (Israel)
23. ADOB (Agricultural and Food Biotechnology) (Poland)
24. Artal Agronutrientes (Spain)
25. Astra Chemicals (Saudi Arabia)
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• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
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