Reports and Insights issued a report recently titled “Soluble Fertilizer Market: Opportunity Analysis and Future Assessment 2022-2030” which examines and assesses the market’s status over the forecast period. It is a thorough investigation that focuses on elementary and secondary drivers, leading segments, market size and share, and geographical assessment. The study also provides a comprehensive evaluation at of the leading players, major partnerships and alliances, mergers, and acquisitions, along with the trending innovation and corporate strategies.
The global soluble fertilizer market in 2022 is estimated for more than US$ 16.5 Bn and expected to reach a value of US$ 23.4 Bn by 2030 with a significant CAGR of 4.5%.
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Soluble Fertilizer Introduction
The water-soluble fertilizers are defined as the fertilizers that can be mixed in water and added or drained out of the soil smoothly. The water-soluble fertilizers help in controlling the accurate quantity of nutrients accessible to the crops or plants.
The integration of fertilizers and water also assists in elevating the utilization proportion as it saves fertilizer, water, and labor. Owing to this, soluble fertilizers observe huge demand in the global market. Moreover, they provide numerous benefits over regular fertilizers comprising colossal crop yield and abundant availability of nutrients in the soil.
In addition to that, the water-soluble fertilizers also assist in preventing groundwater contamination, which further elevates its demand over the conventional fertilizers.
Attributing to this, water-soluble fertilizers are considered well suited for modern irrigation systems across the world. Thus, the global soluble fertilizer market is projected to grow substantially in the forecast period.
Soluble Fertilizer Market Dynamics
The adoption of modern methods and equipment by the agricultural industry in the present-day world is one of the major factors that is expected to boost the growth of the global soluble fertilizer market in the forthcoming future.
The advanced soluble fertilizers dissolve with water and carry the potential to uplift the crop yield and keep a check on the appropriate amount of nutrients in the soil, which makes it the best-suited fertilizer for modern irrigation systems, thus propelling its demand in the global market. Therefore, the global soluble fertilizers market is projected to witness significant growth during the forecast period.
Along with that, it also helps in saving extra water and fertilizers as well as cut off additional cost of labors, which further adds to its numerous benefits, thereby estimated to further positively fuel the growth of the global soluble fertilizer market in the upcoming years.
By the same token, a swift upsurge in horticulture crop production, globally, coupled with the growing demand for vegetables and fruits across the world is also expected to give a positive push to the growth of the global soluble fertilizer market in the near future.
Furthermore, the soluble fertilizers are also considered beneficial for farmers worldwide as it helps in growing enormous crop yield in limited land as well as provide an appreciable amount of return on investment, which further stimulates its demand in the global market. Attributing to which, the global soluble fertilizer market is projected to grow rapidly in the coming years.
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Soluble Fertilizer Market Segmentation
The soluble fertilizer market is segmented on the basis of type, application, and region.
By Type
- NPK Water-soluble
- Humic Acid Water-soluble
- Amino Acid Water-soluble
- Other
By Application
- Horticulture
- Crop
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
Soluble Fertilizer Market Key Players
Some of the key participating players in the soluble fertilizer market are:
- Haifa Chemicals
- Yara
- Arab Potash Company
- Omex
- Everris
- Bunge
- SQM
- UralChem
- ICL Fertilizers
- Sinclair
- Grow More
- EuroChem Group
- Mosaicco
- Nutrite
- Aries Agro
- LemagroNV
- Dongbu Farm Hannong
- Stanley
- Hebei Monbang
- CNAMPGC Holding
- Hanfeng
- Batian
- Kingenta
- Sichuan Guoguang Agrochemical
- Beijing Jinggeng Tianxia Agricultural Science and Technology
- Strongwill Group
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