Water-soluble phosphate fertilizers market is expanded at a compound annual growth rate of 5.20% over the forecast period of 2021 to 2028. The rapid growth in greenhouse vegetable production and the rising environmental concerns are the factor for the water-soluble phosphate fertilizers market in the forecast period of 2021 to 2028
Moreover, the concentration of this fertilizer is easy to adjust and is also considered as a safe chemical option for infantile seedlings. All these advantages of coupled with the water-soluble phosphate fertilizers are impacting the growth of the global market in a positive manner. Similarly, various government initiatives in order to increase agricultural production along with the implementation of various subsidies to promote drip irrigation is also lifting the growth of the water-soluble phosphate fertilizers market in the forecast period of 2021 to 2028.
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The major players covered in the water-soluble phosphate fertilizers report are The Mosaic Company, CF Industries Holdings Inc., ICL, Yara, OCP, PhosAgro Group of Companies, COMPO, Agrium Inc., Vaki Chim Ltd., Nutrien Ltd., Ramaphosphates, SINOCHEM GROUP CO. LTD., K+S AKTiengesellschaft, EuroChem Group, Agafert Srl., Koch Fertilizer, LLC., Coromandel International Limited, Qatar Petroleum, Haifa Group, and Hebei Monband Water Soluble Fertilizer Co. Ltd, among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understands competitive strengths and provide competitive analysis for each competitor separately.
Global Water-Soluble Phosphate Fertilizers Market Scope and Market Size:
Global Water-soluble phosphate fertilizers market is segmented on the basis of product type, crop type, mode of application and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the water-soluble phosphate fertilizers market is segmented into monoammonium phosphate (MAP), diammonium phosphate (DAP), superphosphate and others.
- Based on crop type, the water-soluble phosphate fertilizers market is segmented into field crops, horticultural crops, turf and ornamentals and others. Horticultural crops have further been segmented into orchard crops.
- The water-soluble phosphate fertilizers market is also segmented on the basis of mode of application. The mode of application segment is segmented into foliar and fertigation.
- On the basis of end user, the water-soluble phosphate fertilizers market is segmented into cereals and grains, oilseeds, fruits and vegetables and others.
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Water-Soluble Phosphate Fertilizers Market Country Level Analysis:
Water-soluble phosphate fertilizers market is analyses and market size, volume information is provided by country, product type, crop type, mode of application and end user as referenced above.
The countries covered in the water-soluble phosphate fertilizers market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific(APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Europe leads the water-soluble phosphate fertilizers market because of the high adoption of specialized fertilizers in the emerging countries associated with the high penetration of specialty fertilizers producing companies in the region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 owing to the degrading arable land limited water resources for agriculturally based countries in this particular region.
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