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Water Soluble Fertilizers Market (Nitrogenous, Micronutrients) Worth $14.1 Billion by 2017 - New Report by MarketsandMarkets
Date:8/26/2013

their crops.

Water soluble fertilizers market is driven by the associated advantages which include easy application, uniform distribution of nutrients to the crops, and lower manpower costs. Other positive factors driving the demand of the industry include increasing adoption of micro irrigation systems and wider applications in greenhouses. One of the key restraining factors for water soluble fertilizers market is the high product cost associated with these. Growth is particularly high in emerging countries such as China, India, Israel, and Brazil because of increasing awareness levels on increasing yield, ease of application, and high efficiency of water soluble fertilizers which result in high-quality produce.

The global market for water soluble fertilizers was at $10,083.8 million in 2011 and is expected to reach $14,143.7 million by 2017, growing at a CAGR of 5.6% from 2012 to 2017. Leading manufacturers are focusing on expansion of respective businesses across regions and setting up new manufacturing plants to ramp up production capacities and broaden overall product line. Major industry participants are involved in mergers & acquisitions to penetrate in untapped markets of Asia and Latin America.

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