Key players in the Global Water Soluble Fertilizers in Fertigation Function Market are Apache Corporation, Arab Potash Company PLC (APC), Aries Agro Limited, EuroChem MCC, OJSC, Haifa Chemicals Ltd., The Mosaic Co. and others.
(PRWEB) January 06, 2015
The fertigation application segment of the water soluble fertilizers market is estimated to grow from $8,987.0 million in 2013 to $11,931.1 million by 2018, at a CAGR of 5.8% from 2013 to 2018.
Browse through the TOC of water soluble fertilizers market for an analysis of industry trends, segments & forecasts.
Fertigation is commonly used method of fertilizer application that is used in crops, such as vegetables, turfs, fruit trees, and ornamentals. This method saves time, energy, labor, and water as compared to conventional fertilization methods. Fertigation is advantageous for increased crop production, as nutrients can be provided at all stages of crop growth with minimal losses compared to soil application. It reduces quantity of the fertilizers to be applied, as it is directly applied to root zone.
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The concept of water soluble fertilizers was introduced based on micro irrigation system, and presently its wider application is through fertigation. Generally, fertigation systems and water soluble fertilizers are considered to be best suitable for cost-intensive agricultural use, such as orchards, nurseries, greenhouses, and vineyards. The fertigation segment dominated the water soluble fertilizers market with a share of 78.5% in 2013.
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Europe was the market leader for the fertigation market segment in the water soluble fertilizers market with a share of 39.3% in 2013. The market in Asia-Pacific is expected to be the fastest-growing market globally, at a CAGR of 6.8% from 2013 to 2018.
This market is segmented and forecast on the basis of ingredients and regions. The major regions taken into consideration for the market analysis include North America, Europe, Asia-Pacific, and Rest of the World (RoW).
North America Water Soluble Fertilizers
Water Soluble Fertilizers-North America market has been pegged at $3,626.9m in the year 2013 growing at 5.5% annually and is projected to reach $4,739.7m by the end of the year 2018.
Water Soluble Fertilizers-North America constitute 31.7% of Global Water Soluble Fertilizers market and are poised to grow its market share to 32.0% by the end of year 2018.
It is segmented on basis of geographies and types.
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