Bharat Book Bureau Provides the Trending Market Research Report on “Global Water Soluble Fertilizers Market, Forecast to 2025” under Chemical & Materials category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.
Water Soluble Fertilizers Market Analysis; By Product Type (Nitrogenous, Potassium, Micronutrients, Phosphate, Secondary Nutrients), By Application (Foliar, Fertigation), By Crop Type (Field, Horticultural, Plantation, Turf & Ornamental), By Region & Segment Forecast, 2017-2025
In this report, the Global Water Soluble Fertilizers market was valued at USD 7.3 Billion in 2015, and is projected to reach USD 12.4 billion by 2025, growing at a CAGR of 5% over the forecast period.
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“Water Soluble Fertilizers Market “, provides extensive insight and analysis of the Water Soluble Fertilizers Market over the next eight years (2015-2025) and acts as a vital point of reference for operators or suppliers.
Increasing government subsidies on water soluble fertilizers adoption and economic incentives on fertigation for reducing ground water consumption are the major drivers for the growth. Furthermore, emerging applications of green house and growing demand for micro-irrigation systems are also considered to be the other factors propelling the expansion over the forecast period.
According to Food and Agriculture Organization (FAO), emerging nations including India and China requires additional 120 million hectares of arable land in order to fulfill the rising food demand by 2030. Rising consumer awareness pertaining to organic food products has been expected to support the industry growth.
Moreover, limited arable lands, rising environmental concerns, and easy application are other factors spurring the water soluble fertilizers demand. Furthermore, growing demand for drip irrigation suitable for undulating terrain, rolling topography, barren lands, and shallow soil layers areas is expected to drive industry expansion over the forecast period.
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