Global Nitrogenous Water Soluble Fertilizers Market is Expected to Reach at $6,118.5M by 2018 - New Report by MicroMarket Monitor

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The growing population and the resultant need for food, along with the growing environmental and health concerns, are fueling the global demand for water soluble fertilizers.

MicroMarket Monitor

MicroMarket Monitor

Nitrogen is the most predominantly consumed nutrient among all the macro and micro elements required for plant growth. Nitrogenous fertilizers can be provided by soil application, fertigation or foliar application. In foliar process, concentration of nitrogen varies from 100ppm to 250ppm according to the needs of the plant. The nitrogenous fertilizers are highly responsible for soil pH change. It is noted that the pH of the soil can be increased by using the nitrate form of nitrogen, while it can be reduced by using the ammonium form of nitrogen. The global consumption of nitrogenous water soluble fertilizers is increasing at a CAGR of 5.2% during 2013 to 2018.

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Global Phosphatic Water Soluble Fertilizers Market

Phosphorous is used for root development, color development, and the growth of flower buds. The water soluble nutrient sources for phosphorous that are commonly available are urea phosphate, ammonium phosphate, and potassium phosphate. High phosphorous fertilizers are used during the initial stage of plant development for root establishment, and later for deep color of flowers. Low phosphorous fertilizers are used to regulate growth of plants. Phosphorous deficiency can hamper the growth of plants as it directly affects the metabolism of plants. The global consumption of phosphatic water soluble fertilizers is expected to increase at a CAGR of 5.0% during 2013 to 2018.

Global Micronutrients Water Soluble Fertilizers Market

Commercial water soluble fertilizers usually contain micronutrients, with iron most commonly supplied as iron-EDTA. Manganese, zinc, and copper are supplied in the EDTA form for most N-P-K fertilizers. Sulfates are often used in formulas that contain calcium and magnesium. In all formulas, boron and molybdenum are supplied as inorganic salts. The water soluble micronutrients are provided to plants in chelated or non-chelated forms. The global consumption of micronutrient water soluble fertilizers is increasing at comparatively the fastest CAGR of 6.1% during 2013 to 2018.

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