Market Size of global water soluble fertilizer Industry
| Icons | Lable | Value |
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Study Period | 2016 - 2028 |
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Base Year For Estimation | 2021 |
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CAGR | 5.78 % |
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Largest Share by Crop Type | Field Crops |
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Largest Share by Region | Europe |
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Market Concentration | High |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Water Soluble Fertilizer Market Analysis
The Global Water Soluble Fertilizer Market is projected to register a CAGR of 5.78%
- Largest segment by Type - Phosphatic : phosphatic fertilizers are the most consumed fertilizers after nitrogen. The demand for its water-soluble form is increasing as it can be applied through fertigation and foliar spray.
- Fastest growing by Type - Micronutrients : Foliar application is a proven effective method of supplying micronutrients according to plant requirements. Since the fertilizer is applied directly to the plant vascular system, the nutrient use efficiency will be increased, and quick response is observed by crop plants
- Largest Segment by Crop Type - Turf & Ornamental : The increasing area under cultivation with increasing concern over pollution and growing ecotourism across the globe has increased the fertilizer demand for such crops.
- Largest segment by Country - United States : With the developing micro-irrigation system in the country and increased efficiency, water-soluble fertilizers such as nitrogenous fertilizers have increased in popularity.
