Global Water Soluble NPK Fertilizers Market, By Crop Type (Field Crops, Horticultural Crops, Ornamentals and Others), Application (Foliar and Fertigation), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Water Soluble NPK Fertilizers Market
The water soluble NPK fertilizers market is expected to witness market growth at a rate of 6.2% in the forecast period of 2021 to 2028 and is expected to reach USD 30.81 billion by 2028. Data Bridge Market Research report on water soluble NPK fertilizers market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the demand for food crops, food grains, vegetables, and fruits are escalating the growth of water soluble NPK fertilizers market.
Water-soluble fertilizer is known as a multi-compound fertilizer that can be dissolved in water, more easily absorbed by crops, its absorption and used is relatively high in comparison to conventional chemical fertilizers. The fixed amount of nutrient obtainable to the plants can be easily offered by the help of this fertilizer. The technology of this fertilizer is best suitable for the modern irrigation system. Additionally, it also stops ground water contamination. Water soluble NPK fertilizers are augmented with essential macro-nutrients including potassium (K), nitrogen (N) and phosphorous (P). Each nutrient helps in enhancing soil fertility.
Major factors that water soluble NPK fertilizers market due to the rise in the need for water soluble NPK fertilizers because of their high nutritional content. Furthermore, the growing acceptance of micro irrigation as it distributes fertilizers consistently and enhances growth effectiveness has augmented demand for water soluble NPK fertilizers is further anticipated to propel the growth of the water soluble NPK fertilizers market. Moreover, the rise in the population and the increase in the urbanization of advancing cities is further estimated to cushion the growth of the water soluble NPK fertilizers market. On the other hand, the rise in the development of organic fertilizers industry is further projected to impede the growth of the water soluble NPK fertilizers market in the timeline period.
- In addition, the rise in the alertness in new and advancing countries will further provide potential opportunities for the growth of the water soluble NPK fertilizers market in the coming years. However, dearth of alertness might further challenge the growth of the water soluble NPK fertilizers market in the near future.
This water soluble NPK fertilizers market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on water soluble NPK fertilizers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Water Soluble NPK Fertilizers Market Scope and Market Size
The water soluble NPK fertilizers market is segmented on the basis of crop type and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of crop type, the water soluble NPK fertilizers market is segmented into field crops, horticultural crops, ornamentals and others.
- On the basis of application, the water soluble NPK fertilizers market is segmented into foliar and fertigation.
Water Soluble NPK Fertilizers Market Country Level Analysis
The water soluble NPK fertilizers market is segmented on the basis of crop type and application.
The countries covered in the water soluble NPK fertilizers market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the water soluble NPK fertilizers market due to the rise in the need for water soluble fertilizers. Furthermore, the rise in the agricultural output in the several countries will further boost the growth of the water soluble NPK fertilizers market n the region during the forecast period. North America is further projected observe significant amount of growth of the water soluble NPK fertilizers market due to occurrence of major key players.
The country section of the water soluble NPK fertilizers market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Water Soluble NPK Fertilizers Market Share Analysis
The water soluble NPK fertilizers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to water soluble NPK fertilizers market.
The major players covered in the water soluble NPK fertilizers market report are Acron Group, arabpotash, COMPO EXPERT, Coromandel International Limited, Eurochem Group, Haifa Negev technologies LTD, Hebei Monband Water Soluble Fertilizer Co. Ltd, Indian Farmers Fertiliser Cooperative Limited, ICL, K+S Aktiegesellschaft, OMEX., PhosAgro Group, PT Petrokimia Gresik., Sichuan Guoguang agrochemical co., ltd, SQM S.A., The Mosaic Company, Uralchem Group and Yara International ASA, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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