DUBLIN, June 23, 2021--(BUSINESS WIRE)--The "Water Soluble NPK Fertilizers Market - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027" report has been added to ResearchAndMarkets.com's offering.
The global water soluble NPK fertilizers market is expected to exhibit a CAGR of 6.2% during the forecast period, owing to limited availability of arable lands. The forest areas have been turned into arable croplands to satisfy the demand of increasing population, which is directly associated to rapid urbanization of developing cities, large scale industrialization, and high energy demand. Furthermore, the previously arable lands have lost their fertility due to global climatic changes and exploitive farming methods. Moreover, the UN's Food and Agriculture Organization (FAO) has estimated that emerging economies including China and India will require an excess of 120 million hectares of farmlands by 2030 to cater to food needs of their increasing population. Furthermore, in order to solve the demand for food, water-soluble NPK fertilizers would act as a key solution in helping farmers for maximizing their yield sustainably, accelerating the maturity of crops, and also maintaining the overall health of the plants, in spite of desertification of farmlands and degradation of soil quality.
Among regions, Asia Pacific is expected to be the fastest growing region during the forecast period (2020-2027). Investment inflows and subsidies from governments to the fertilizer industry are expected to increase product penetration in the region. For instance, the Government of India increased fertilizer subsidy allocation from US$ 9.83 million in 2018 to over US$ 11 million in 2019.
Key features of the study:
This report provides in-depth analysis of water soluble NPK fertilizers market, and provides market size (US$ Million and KT) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global water soluble NPK fertilizers market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology upgradation, market expansion, and marketing tactics
The global water soluble NPK fertilizers market report caters to various stakeholders in this industry including investors, suppliers, water soluble NPK fertilizers manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global water soluble NPK fertilizers market
Global Water Soluble NPK Fertilizers Market, By Application:
Global Water Soluble NPK Fertilizers Market, By Crop Type:
Global Water Soluble NPK Fertilizers Market, By Region:
Rest of Latin America
Rest of Europe
Rest of Asia Pacific
Rest of Middle East
Arab Potash Company
Compo Expert GmbH
Coromandel International Limited
Haifa Chemicals Ltd.
Hebei Monband Water Soluble Fertilizer Co. Ltd.
Indian Farmers Fertiliser Cooperative Limited
Israel Chemicals Limited
PT Petrokimia Gresik
Sichuan Guoguang Agrochemical
The Mosaic Company
Yara International ASA
For more information about this report visit https://www.researchandmarkets.com/r/373x31.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210623005793/en/
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