Demand for Higher Yield of Crops Boosts Water Soluble Fertilizers Market to Expand at 5.6% CAGR from 2013 to 2019

The report is titled, “Water Soluble Fertilizers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019.” Based on the information provided in the report regarding the challenges which new entrants face, the strategies used by leading companies in the global water soluble fertilizers market, and the market trends, an interested individual or enterprise can effectively make smart decisions regarding investment in the market.

Transparency Market Research (TMR) has announced the addition of a new market study based on the water soluble fertilizers market. The report analyzes the drivers and restraints of the market and the impact of these on the demand for water soluble fertilizers during the forecast period from 2013 to 2019. As per the findings in the report, the market is expected to stand at US$3.53 bn by 2019, rising from US$2.44 bn in 2012 at a 5.6% CAGR from 2013 to 2019. In terms of volume, the global water soluble fertilizers market stood at 9,433.0 kilo tons in 2012.

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Water soluble fertilizers are formulations of mineral fertilizers that are completely soluble in water. These are typically sprayed on cereals, pulses, fruits, and vegetables to enhance their quality and improve their yield. Water soluble fertilizers enable the consistent supply of vital nutrients to crops. They allow for adjustable concentrations of fertilizer supply to be administered to crops as per the requirement in different seasons. Water soluble fertilizers also find use in foliar and fertigation applications.

The global water soluble fertilizers market is expected to be driven by the growth in the fertigation application and the rising adoption of micro irrigation systems. The rising demand for higher yields of crops owing to the growing population is fueling the water soluble fertilizers market. A reduction in arable land area and the high demand for biofuels are projected to propel the market.

Environmental consequences of using water soluble fertilizers—such as ground water contamination leading to several diseases, an increase in ocean dead zone areas, and an overall disturbance in the ecological system due to excessive use of fertilizers—are expected to curb the market. Stringent policies implemented by regulatory bodies to prevent damage to the environment and for maintaining the ecological balance between flora and fauna will restrain the global water soluble fertilizers market.

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On the basis of application, the global water soluble fertilizers market is segmented into fertigation and foliar technology, of which the fertigation technology segment accounted for a stupendous 70% of the global water soluble fertilizers. On the basis of nutrients used in the water soluble fertilizers, the market is segmented into nitrogen, phosphate, potassium, and others. Out of these, nitrogen segment turned out to be the largest nutrient that was consumed in 2012, accounting for a share of over 50% in the global water soluble fertilizers. Potassium-based water soluble fertilizers are expected to be the fastest growing segment, expanding at a CAGR of 5.7% between 2013 and 2019.

Key companies studied in the report include: CF Industries, Agrium Inc., Yara International, PotashCorp, QAFCO, Mosaic Company, ICL Fertilizers, Haifa Chemicals, CF Industries, Uralchem, SQM, SinoFert, and K+S AG.

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