Nitrogen is expected to be the widely used element in the market and is expected to continue its dominance owing to its easy availability and It is used to synthesize proteins , amino acids , enzymes , nucleic acids , and chlorophyll . Nitrogen nutrients can be further classified into Urea , ammonium sulphate , nitrate , and calcium nitrate . Phosphate is expected to witness significant growth rate over the next seven years It stimulates root formation and shoot growth at the early stages of plant growth . lack of Phosphorus levels in plants may result in poor seed and fruit development and also reduces the growth of plants significantly . Phosphorus is particularly important and widely used in cool weather . Starter fertilizers constitute more of these nutrients in huge amounts . Potassium is expected to have moderate growth rate over the forecast period . This element helps the plants to resist diseases and boosts root growth . Potassium nutrients improve cold hardness and helps in increasing the size of fruits and vegetables . Signs of potassium lack or deficiency include slow growth , shriveled fruit , weak plants , and leaf burning at margins or tip
On the basis of application , water soluble fertilizer market has been segmented into fertigation and foliar . Fertigation is expected to be the largest segment in terms of revenue and market share owing to its wide applications among various crops . Fertigation processes involve injection of soil amendments , water-soluble products and fertilizers into an irrigation system . Foliar feeding is a method of nourishing plants by applying the liquid fertilizer to their leaves . Plants and crops are able to absorb essential nutrients through their leaves . This absorption is carried out through their stomata and also through their epidermis .
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On the basis of crop type , the market has been segmented into Field Crops , Horticultural Crops and Turf & Ornamentals . Field corps constitutes the largest segment in the global market owing to its wide applications across the globe . These crops are grown for agricultural purposes and are consumed by people . Growing population and demand for vegetables and fruits is expected to be the driving factor for the market growth in this segment .
North America is expected to the largest regional segment in the global market . Extensive use of bio fuels has increased the demand for fertilizers and is driving the growth in this region High consumption of meat and meat products has been driving the high use of fertilizers in North America as it increases the demand in animal feed and feed products .
Increasing adoption rate of merchandize and micro irrigation processes in the Asia Pacific region , is expected to witness significant growth rate for water soluble fertilizers key players in the market are Yara International , The Mosaic Company , Agrium Inc ., ICL Fertilizers , PotashCorp , CF Industries . Other industry participants include QAFCO , Haifa Chemicals , SinoFertK + S AG , Uralchem , and SQM