Water-soluble fertilizers market to reach $15.30 bn in 2020

According to the report “Water-soluble Fertilizers Market - Global Trends and Forecast  to 2020” , the global water-soluble fertilizers market is projected to reach USD 15.30 Billion in 2020, at a CAGR of 5.6% from 2015 to 2020. In terms of volume, global water-soluble market is estimated at 13.08 Million tons in 2014 and is projected to reach 16.99 Million tons by 2020 at a CAGR of 4.4%.The market was dominated by Europe, which accounted for the largest share in 2014.

The water-soluble fertilizers market is projected to grow significantly from 2015 to 2020 in almost all parts of the world, especially in the European and North American regions. Significant increase in the demand for quality food, adoption of technology for farming practices by farmers, and shrinking availability of arable land are the major driving factors for water-soluble fertilizers market. The growth in micro-irrigation and mechanized irrigation system market are also contributing to the growth of the market.

The key players include Agrium Inc. (Canada), Israel Chemical Ltd. (Israel), The Mosaic Company (U.S.), Coromandel International Ltd. (India), Haifa Chemicals Ltd. (Israel), and Yara International ASA (Norway) collectively accounted for ~70% of the total developments during 2015 to 2020.