Impact of COVID-19 on Global Water-Soluble Fertilizers Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030

Impact of COVID-19 on Global Water-Soluble Fertilizers Market Segmented; By Product Type (Bio Stimulants, Potassic, Phosphatic, Micronutrients, Bio Fertilizers, And Nitrogen); By Applications (Foliar and fertigation); By Crop Type (Field, Horticulture, Ornamental, Turf and Plantation); and Region –Analysis of Market Size, Share & Trends for 2016 – 2019 and Forecasts to 2030

Product Overview

Water soluble fertilizers are the fertilizers that can be dissolved in water and are therefore easily supplied through fertigation or foliar sprays. They are primarily use to monitor the amount of nutrients supplied to the plants. In other words, they are the multi compound fertilizers that are soluble in water. They are easily absorbed by plants and thus their absorption and use in comparison with traditional chemical fertilizers is fairly high.

Market Highlights

Fatpos Global projects the Water-soluble fertilizers market to surpass USD XX Billion by 2030, which is valued at XX billion in 2019 at a compound annual growth rate of XX%. The water-soluble fertilizers market is anticipated to grow on the back of opportunities generated by the advent of rising demand of the emerging economies such as China, India and Brazil for the food crops, vegetable and fruits would probably have a positive impact on the demand for the product.

Global Water-soluble fertilizers Market: Segments

Global market has been segmented on the basis of type, mode of application and crop type. It has been further segmented on the basis of region into North America, Europe, Asia-Pacific, Mid East and Africa.

By Product Type (in %), Global Water-soluble fertilizers Market, 2019

Global Water-soluble fertilizers Market is segmented by product type into: Bio stimulants, potassic, phosphatic, micronutrients, bio fertilizers, and nitrogen.

In 2019, nitrogen was the dominant field and that year accounted for XX% of the world’s production

Due to high application in oil seeds and grains, the segment is expected to see steady growth. The drug improves plant texture and color, and increases crop productivity in general.

Potassium can be seen as a major amount of production on the market, as it helps preserve water and allows the plants to be energized for healthy growth by protein synthesis. In fact, they are highly soluble, root toxic and enhance frost resistance to maximize their consumption.

Global water-soluble fertilizers Market: Market Dynamics

Drivers:

• Dripping Irrigation

Drip irrigation is increasingly required and implemented as it is water saving and ideal for all countries, including undulating ground, rolling hills, rolling topography and areas of shallow soil layers.

Restraints:

• High cost

The growth of the market is restricted by factors as organic fertilizer growth and high-water fertilizer costs that lead to higher agricultural production costs. Feed stock prices are highly volatile which can affect the market growth in the near future.

Global water-soluble fertilizers Market: Regions Asia Pacific accounted for XX% of the overall revenue in 2019

Asia pacific is anticipated to increase its output in the near future due to the rise in agricultural output in the countries like India, China, Pakistan and Bangladesh. Furthermore, market drivers are expected to take place in the region with medium to small market players combined with quick productivity expansion and government assistance. China, which accounts for more than a fourth of world rice production, leads in rice production, followed by India and Indonesia. Moreover, fruit production and crop planting are very popular in China, including tea and coffee.

Asia Pacific: China, Japan, India, and Rest of Asia Pacific

Europe: Germany, the UK, France, and Rest of Europe

North America: The US, Mexico, and Canada

Latin America: Brazil and Rest of Latin America

Middle East & Africa: GCC Countries and Rest of Middle East & Africa

Global water-soluble fertilizers Market: Impact of COVID-19

The COVID-19 epidemic has triggered the devastation of many businesses worldwide in the supply chain. Nevertheless, amidst the pandemic, the high demand for critical commodities would encourage healthy business growth. The outbreak of corona virus has a lesser effect on the fertilizers market, because it was regarded to maintain the supply of fertilizers to the farmers as an essential commodity.

Global water-soluble fertilizers Market: Key Players

• K+S AKTIENGESELLSCHAFT (Germany)

o Company Overview

o Business Strategy

o Key Product Offerings

o Financial Performance

o Key Performance Indicators

o Risk Analysis

o Recent Development

o Regional Presence

o SWOT Analysis

• Agrium Inc. (Canada)

• Yara International ASA (Norway)

• Sociedad Quimica YMinera SA (SQM) (Chile)

• Israel Chemical Limited (Israel)

• Qatar Fertilizer Company

• Coromandel International Limited

• Hebei Monband Water Soluble Fertilizer Co. Limited

• Haifa Chemicals Limited

• Sociedad Quimica Y Minera SA

• Compo GmbH & Co. KG

• Other prominent players

Global water-soluble fertilizers market report also contains analysis on:

• Water soluble fertilizers Market Segments:

o By Product type

 Bio stimulants

 Potassic

 Phosphatic

 Micronutrients

 Bio fertilizers

 Nitrogenous

o By Applications:

 Foliar

 Fertigation.

o By Crop Type

 Field

 Horticulture

 Ornamental

 Turf

 Plantation

• Water soluble fertilizers Market Dynamics

• Water soluble fertilizers Market Size

• Supply & Demand

• Current Trends/Issues/Challenges

• Competition & Companies Involved in the Market

• Value Chain of the Market

• Market Drivers and Restraints