Published Date : Dec 13, 2016
ALBANY, NY, Dec 13, 2016: The report provides a comprehensive overview of the global water soluble fertilizers market, gauging the bargaining power of suppliers and buyers, threat from new players and close alternatives, and the overall degree of competition prevailing in the market. The report is titled “Global Water Soluble Fertilizers Market 2016-2020” and is available for the sale on the company website.
Compiled to present the market stakeholders a better perspective of the prevailing dynamics, the report includes exhaustive market-relevant information sourced via extensive primary and secondary research. Adding value to the information thus included are opinions from the industry veterans.
As per the extensive research carried out by analysts, the global water soluble fertilizers market is likely to expand at a CAGR of over 5% between 2016 and 2020. The rising urbanization, industrialization, population growth, and the subsequent energy demand have speeded the conversion of arable land into commercial landscapes. According to the United Nations, Food and Agriculture Organization, the situation is harsher in developing nations such as India and China, which require an additional 120 million hectares of land to cater to the rising food demand for their growing population. Besides this, mass deforestation is also destroying vast arable lands, thereby negative affecting the overall yield.
Water-soluble fertilizers help in maximizing production in a manner that is more sustainable. These fertilizers also help accelerating the crop yield and maintaining the overall plant health. The growing awareness about the benefits offered by water soluble fertilizers is expected to fuel their demand in the global agricultural sector.
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Based on application, the global water soluble fertilizers market can be bifurcated into fertigation and foliar. Among these, the fertigation segment led the global market in 2015, and accounted for a share of nearly 72% of the overall market in terms of revenue. Regionally, the global market can be segmented into APAC, North America, Europe, and Rest of the World. Among these regions, Europe held the maximum market share and is projected to reach US$1 bn by the end of 2020.
To study the competition prevailing in the global water soluble fertilizers market, the report also profiles some of the leading players operating therein. Companies such as Yara International, PotashCorp, Agrium, Mosaic, and Haifa are identified as the key vendors operating in the market. The report also includes profiles of companies such as Arab Fertilizers & Chemicals, Office Chérifien des Phosphates, IFFCO, Monsanto, United Chemical Company, and others.
The presence of several diversified domestic and international players has rendered the vendor landscape in the global water soluble fertilizers market highly fragmented. Local players are struggling to compete with big companies in terms of quantity, pricing, and technology. Furthermore, international players enjoy a global presence, which also gives them an upper hand in the market. The report studies in details the various factors influencing the competition prevailing in the global water soluble fertilizers.
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