Agricoltura
The water-soluble fertilizers market is expected to display a steady growth of 6% due to the high efficiency of water-soluble fertilizers | UnivDatos Market Insights
Fertilizers that are 100 percent soluble in water are known as water-soluble fertilizers. When applied using foliar spray and fertigation methods, these fertilizers ensure that the nutrients in the fertilizer are readily absorbed and utilized by the plant system without being wasted through evaporation, leaching, or runoff. Moreover, water-soluble fertilizers make it simple to mix and ensure that plants have access to the necessary nutrients. It is rapidly soluble in water and also aids in foliar and fertigation by releasing vital nutrients into the root zone and leaves. The growth of the water-soluble fertilizers market is being boosted by these benefits.
As the population is increasing worldwide, with this the demand for agricultural products is also increasing. The increase in population will create a high demand for field crops such as rice, cotton, wheat, oilseeds, and other grains in developing countries is expected to augment industry demand over the forecast period.
Some of the major players operating in the market include Agrium Inc., Yara International ASA, Israel Chemical Ltd., Haifa Chemicals, The Mosaic Company, Coromandel International, K+S AG, Sociedad Química Y Minera SA, TATA Chemicals, Qatar Fertilizer Company
The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The fertilizer manufacturing facilities were shut down for a longer period of time as a result of strict lockdown regulations. The operational process and activities have been halted as a result. The market's demand was lowered as a result of the hampered production and sales units.
The global water-soluble fertilizers market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
APAC is anticipated to grow at the fastest CAGR during the forecast period. This is mainly due to the large population in the region and the high demand for nutritional food. Moreover, rising agricultural yields is one of the major factors in the countries like China , India , and
Australia . Furthermore, rising investment and government subsidies in the agriculture sector will boost the demand for fertilizers in the region.
These factors are also contributing to the growth of the water-soluble fertilizers market.
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
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