Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Water soluble fertilizer refers to the more value and less volume products. Water soluble fertilizer is homogeneous in nature and contains all the important nutrients required by the plants for healthy growth. The scarcity of water for agriculture purpose has forced people to adopt spray technique. In addition, the use of water soluble fertilizer is advised over other fertilizers for modern irrigation techniques.
Global water soluble fertilizer market is anticipated to flourish at a CAGR of 5.9% during the forecast period i.e. 2017-2024. Further, the market of water soluble fertilizer was valued at USD 12.2 Billion in 2016 and is projected to garner USD 22.1 Billion by the end of 2024. Factor such as, rising demand for drip irrigation are making headway for the growth of the global water soluble fertilizer market during the forecast period.
Regionally, North America is expected to dominate the overall market of water soluble fertilizer over the forecast period. Factors such as, increasing needs of food in families with increasing population are anticipated to fuel the growth of the North America water soluble fertilizer market over the forecast period.Europe water soluble fertilizer market is poised to record the fastest growth over the forecast period. Factor such as, rising product demand as an innovative agricultural technique are anticipated to drive the growth of the global water soluble fertilizer market over the forecast period in Europe. Asia Pacific water soluble fertilizer market is expected to witness sustainable growth over the forecast period. High adoption of products and micro irrigation systems across the countries like China, Japan and India are anticipated to drive the growth of the global water soluble fertilizer market over the forecast period. CLICK TO DOWNLOAD FREE SAMPLE REPORT
Based on type, water soluble fertilizer market is segmented into nitrogenous, micronutrients, potassium and phosphatic, out of which, nitrogenous and micronutrients segments are expected to dominate the overall market of water soluble fertilizer over the forecast period.
Our in-depth analysis has segmented global water soluble fertilizer market into the following segments:
Global water soluble fertilizer market is further classified on the basis of region as follows:
Factors such as, increasing water soluble fertilizer availability across the globe is anticipated to intensify the growth of the global water soluble fertilizer market over the forecast period. Further, increasing government initiatives towards increasing agricultural production is anticipated to positively drive the growth of the water soluble fertilizer market.
Apart from this, new products offering and advent of micro irrigation is anticipated to be the dynamic factor behind the growth of the water soluble fertilizer market during the forecast period. Moreover, ease of application along with high crop productivity is expected to drive the global water soluble fertilizers market over the forecast period. Factor such as, less availability of arable land is expected to positively drive the growth of the global water soluble fertilizer market over the forecast period.
However, high cost and less adoption of spray technology are some of the key factors which are expected to limit the growth of global water soluble fertilizer market in upcoming years.
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