Asia-Pacific Water Soluble Fertilizers Market Analysis, 2024-2030

Water-soluble fertilizers (WSF) are those type of fertilizers that readily mix with water. It has gained popularity due to the increased rates in which plants are able to absorb the nutrients and promote the quick and healthy growth of crops in large quantities.

The report on Asia-Pacific water-soluble fertilizers market presents the crux of over 260 hours of synergized efforts of analysts, industry experts, and academician to assess the present market scenario. The findings are substantiated by a thorough analysis of the water-soluble fertilizer industry value chain coupled with exhaustive secondary and primary research

The water-soluble market was worth USD XXX.XX million in 2017 in the Asia-Pacific region and it is estimated grow at the CAGR of X.XX% in the next few years to reach the USD XXXX.XX million target by 2023. This market is expected to grow at an average rate of XX.X% annually till 2023.

The market for WSF will experience exponential growth in the forecasted period. This can happen because of ever-increasing demand for food in Asian countries. With countries that depend solely on agriculture and developing countries like India and China that have a demand for food due to increasing population, the market for WSF is bound to grow.

Some of the challenges faced by this industry can be told off to be the increase in processed food consumption and synthetic food production. Also, a rise in meat and poultry-based food can cause serious harm to the industry. Furthermore, industrialization in these regions has led to the change in the profession as the lands have been acquired and the farmers’ children tend to find some other job.

Geographically speaking, the Asia Pacific market is divided into China, India, Japan, Australia and South Korea. The market in this region is dominated by India because of the agrarian economy. It is closely followed by China. Europe seems to be the largest consumer of these products but, the Asia-Pacific region is said to be the fast-developing one.

Some of the key players in the market are PR Agro Nutri Private Ltd, CF Industries, The Mosaic Company, Israel Chemicals, Eurochem, Terra Nitrogen Company and Sirius Minerals.

Our Approach

At Market Krystal, we believe in a systematic approach towards the problem at hand. The process begins with the identification of a challenge/opportunity, followed by an exhaustive brainstorming by in-house and consulting experts. Based on the outcomes, an in-depth research (primary & secondary) is carried out to collect industry insights. The data is then analysed by a gamut of techniques (Statistics, Machine Learning, Econometrics, and Analytics) to derive inter-disciplinary deductions that are executable and result in value creation.

Therefore, the market for WSF can be classified into three categories. One, the type of crop on which it is used; two, the application of the fertilizer and the last on the basis of the type of water-soluble fertilizer. On the basis of the crop type, it is split into field, Horticultural, and turf & ornamentals. On the basis of application, it is divided into fertigation and foliar. And finally, on the basis of the type of WSF, it is split into nitrogenous, potassic, phosphatic and micronutrients. It is predicted that potassic and micronutrients based WSF will face a steady rise in demand and will grow over the years. Different types of WSF were mapped for all the crops across different countries within Asia-Pacific region. Findings were later integrated for a consolidated report.

Market Krystal ensured a holistic approach by involving experts from diverse functionalities and locations (Fig1). This allowed a 3600 view of the industry dynamic.

Figure 1 Primary research breakdown

Contents of the report:

• Insight on the current industry dynamics
• Estimation of the current market size in terms of value and volume
• Market breakup based on type, application, crop, and geography
• Substantiated market forecasting for the next five years
• Detailed analysis of the key companies operating across different nodes of water-soluble fertilizer industry value chain

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