Market Revenue Water Soluble Fertilizer Market Availability

Water Soluble Fertilizer Market Availability of Substitute
Products, Applications By 2024
“Water Soluble Fertilizer Market size was USD 12.5 billion in 2015 and is
anticipated to reach USD 22.0 billion by 2024. Increasing demand from wide
range of fustigation application coupled with increasing awareness and
adoption of micro irrigation systems is anticipated to boost the global
demand for water soluble fertilizers.”
The global Water Soluble Fertilizer Market size was USD 12.5 billion in 2015 and is anticipated to reach USD
22.0 billion by 2024. Increasing demand from wide range of fustigation application coupled with increasing
awareness and adoption of micro irrigation systems is anticipated to boost the global demand for water soluble
fertilizers. Growing demand and need for superior yield owing to increasing world population, reduction in
arable land, and great demand of biofuels is expected to impact the global demand for water soluble fertilizers.
Harmful ecological impacts of over/high fertilization, including pollution of ground water, disturbances in
environment life sciences, and increase in area under ocean dead zones are expected to restrict the market
growth. Increasing awareness among farmers across emerging economies coupled with technology driven farm
practices. High priced crops including vegetables and fruits are expected to drive the market demand.
Growing protection of cultivated crops is estimated to attract growers around the globe since it offers good
returns on investment. Large number of growers entered into the greenhouse system of agriculture production
industry to achieve higher rates of return for their products. The use of these fertilizers is expected to be highly
seasonal and improved, thus protected crop production is anticipated to drive the market demand for fertilizer
products, particularly for water-soluble fertilizers. On the basis of fertilizer type, the global market has been
segmented into Nitrogen, sulphur, iron, chlorine, magnesium, calcium, Phosphate, and potassium which include
secondary and micro nutrients.
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