Water Soluble Fertilizers Market Analysis,Size, share, growth & prospect Outlook 2023

BROOKLYN, N.Y. - Nov. 29, 2016 - PRLog -- Water soluble fertilizers (WSF) are more value and less volume products. Globally, the market of water soluble fertilizers has viewed striking growth due to increasing demand in horticulture for such fertilizers. WSF is homogeneous in nature and contains all the important nutrients required by the plants for healthy growth. The scarcity of water for agriculture purpose has forced people to adopt spray technique and as a result an inclination towards using WSF can be seen up-surged across the globe. In addition to that, being soluble in nature, the use of WSF is advised over other fertilizers for modern irrigation techniques.

Market size and Forecast

By 2018 at 41.02%, Europe is expected to have the biggest market share followed by North America.

Further, in North America, U.S leads the water soluble fertilizers market at present and is expected to maintain its position in next five years down the line.

In Europe, Germany, Italy, France, Spanish and U.K. are the biggest market for water soluble fertilizers at present.

On the back of better GDP figures, promising economic growth and realistic government policies would allow Asia to experience the highest CAGR in next five years. Asia water soluble fertilizers market comprises of major market such as India, China, Thailand, and Japan.

Growth Drivers and Challenges

Factors like increased WSF availability, new products offering, advent of micro irrigation and ease of application are expected to drive the global water soluble fertilizers market in near future.

However, high cost and less adoption of spray technology are believed to be the biggest restraints for the global water soluble fertilizers market.

Scope and Context

Overview of the Parent Market

Analyst View

Market Size and Growth

North America (U.S., Canada)

Latin America (Mexico, Brazil, Rest of Latin America)

Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe)

Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia)

Rest of World

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