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)
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of water soluble fertilizers globally as well as regionally. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and value chain analysis of water soluble fertilizers. Moreover, the study highlights current market trends and provides forecast from 2016 to 2021. We also have highlighted future trends in the water soluble fertilizers market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the water soluble fertilizers market to understand the present and future trends in this market and formulate their strategies accordingly.
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