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(Medical-NewsWire.com, March 13, 2018 ) Publisher projects that the Water-Soluble Fertilizers market size will grow from 12.94 Billion in 2017 to 18.02 Billion by 2023, at an estimated CAGR of 5.68%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
The market growth is driven by the rise in need for food security for the growing population, advancement in farming practices and technologies, growth in demand for fruits & vegetables, and ease of application of water-soluble fertilizers.On the basis of type, the water-soluble fertilizers market is led by the nitrogenous segment, followed by the phosphatic, potassic and micronutrients segments, respectively. The nitrogenous segment is projected to be the fastest-growing type in the water-soluble fertilizers market, due to the high crop loss by nutrient deficiency and high efficiency of nitrogenous water-soluble fertilizers to reduce this crop loss.
By Market Players:
Agrium Inc. , Israel Chemical Ltd. (ICL) , Sociedad Química Y Minera De Chile (SQM) , K+S AKTiengesellschaft , Yara International Asa , Haifa Chemicals Ltd. , Compo GmbH & Co. Kg , Coromandel International Ltd. , The Mosaic Company , Hebei Monband Water Soluble Fertilizer Co., Ltd.
Nitrogenous Water-Soluble Fertilizers Market, Phosphatic Water-Soluble Fertilizers Market, Potassic Water-Soluble Fertilizers Market, Micronutrients Water-Soluble Fertilizers Market.
By Mode of Application
By Crop Type
Field Crops, Horticultural Crops, Turf & Ornamentals, Other Crop Types.
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