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.
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Scope of the Water Soluble NPK Fertilizers Market Report:
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.
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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Water Soluble NPK Fertilizers Market Regional Analysis/Insights
The Water Soluble NPK Fertilizers market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Water Soluble NPK Fertilizers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Water Soluble NPK Fertilizers within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Water Soluble NPK Fertilizers market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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