NEW YORK, Oct. 27, 2016 /PRNewswire/ -- The global water soluble fertilizers market is projected to reach USD 15.82 billion by the end of 2021, growing with a CAGR of 5.5% from 2016 to 2021. Water-soluble fertilizers help farmers maximize production in a sustainable manner and also accelerate the growth of crops and maintain the overall health of the plants, which will impel this market's growth in the coming years. The global water soluble fertilizers market is highly fragmented due to the presence of several diversified international and regional players in the market. As the global corporations have increased their presence in the market, most local vendors are finding it difficult to compete with them, in terms of technology, quality, and pricing. The competitive among the vendors is anticipated to intensify further with an increase in technological innovations, product/service extensions, and mergers and acquisitions. International vendors are most likely to grow inorganically by acquiring regional or local players.
The report segments the global water soluble fertilizers market by type, application, crop type, and region. The types include nitrogenous, phosphatic, potassic, and micronutrients. Similarly, applications include fertigation application and foliar application. Crop types include field crops, horticulture crops, turf & ornamentals, and others.
Geographic Coverage and Analysis:
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. The market was dominated by the European region followed by the Asia-Pacific water soluble fertilizers market which is expected to be the fastest growing region
The companies covered in the report include Agrium Inc., Israel Chemical Ltd., The Mosaic Company, Coromandel International Ltd., Haifa Chemicals Ltd., Yara International ASA, Haifa Chemicals Limited, Compo GmbH & Co. KG, Hebei Monband Water Soluble Fertilizer Co., Ltd., K+S AG, Sociedad Quimica Y Minera SA (SQM)