The global Water Soluble Fertilizers market is expected to register a CAGR of 7.3% over the forecast period of 2020-2026 from the market value of US$ 6.58 billion in the year 2019.
The specialty fertilizers can be dissolved completely in water and leached out or added in the soil easily. These water-soluble fertilizers increase the utilization rate as the integration of water and saves labor, water and fertilizers. There are several advantages of these fertilizers like higher crop yield and nutrient availability in the soil. Technological advancements in the application with respect to fertigation & foliar techniques will allow farmers to use these fertilizers in a different way as these techniques can maintain proper flow of fertilizers and minimize the risk of excessive usage in specific areas.
Top Key players in the Water Soluble Fertilizers Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Water Soluble Fertilizers Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes ICL Specialty Fertilizers, SQM, National Liquid Fertilizer, Plant Marvel, Miller Chemical & Fertilizer, Doggett, Ferti Technologies, Timac Agro USA, Garsoni International, Sun Gro Horticulture, PRO-SOL, Grow More, K+S, Haifa, Yara, Master Plant-Prod and others.
Global Water Soluble Fertilizers Market research provides a detailed Analytical Insights of global market size, regional and country-level scope, segmentation wise growth, global share, Competition Scenario, sales analysis, impact global market players on domestic players, value chain optimization, trade regulations, Latest developments, future opportunities, product launches, expanding marketplaces, and New technological innovations.
Taking ornamental plant nutrition and nutrient release to a new level, ICL has announced the launch of its 5th generation Osmocote controlled release fertilizer. Although trace elements are required in relatively small quantities compared to NPK, they play a vital role in biochemical metabolic processes. However, some trace elements - such as Iron and Copper - are highly reactive and often become unavailable to plants.
A leading global specialty minerals company, announced its intention to enlarge its current profitable relationship with Haldor Topsoe and is considering to take it forward to entering into a long-term supply prearrangement for potassium nitrate. Potassium nitrate, also known as NOP, is a soluble source of two major vital plant nutrients nitrogen and potassium and is normally used as a fertilizer for high worth crops.
ICL assumes to expand its NOP tracing from Haldor Topsoe and started marketing product in the first quarter of the year, as it additionally integrates Topsoe material into its global supply offerings. The company also expects to maintain its other existing potassium nitrate supplier relationships, as part of its global specialty fertilizers market strategy.
Water Soluble Fertilizers Market is segmented based on the type, applications, companies and regions.
Asia Pacific indicate the water soluble fertilizers market share and growth around 7.5% CAGR over estimate timeframe. This is accredited to the cumulative demand from high occupied economies including China, India, Pakistan, Vietnam, and Bangladesh. Additionally, investment inflows and subsidies from governments to the fertilizer business will propel product dispersion in the world.
Global Water Soluble Fertilizers key players include Haifa Chemicals, Yara, Arab Potash Company, Omex, Everris, etc. top five manufacturers occupies complete share about 20%. Europe is the largest market, having a share about 40%, followed by North America, with a share about 30%.
The report offers in-depth assessment of the growth and other aspects of the Water Soluble Fertilizers Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2021-2026. The report presents the analysis of Water Soluble Fertilizers Market for the historical period of 2017-2021 and the forecast period of 2021-2026.
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Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.