The North America Water Soluble Fertilizers Market was worth USD 454.13 million in 2021 and estimated to be growing at a CAGR of 3.55%, to reach USD 540.67 million by 2026. The market is great development in this field. The market continues to gain momentum with the rapid increase in increased demand of food in this area because of increasing population. Water Soluble Fertilizers are the fertilizers that readily dissolve in water to give nutrition to crops.
Water Soluble Fertilizers (WSF) are readily soluble in water. Being soluble in water, they release nutrients to the roots of the plants through the process of osmosis. These nutrients absorbed are then transferred to various parts of plants, leaves, stems .etc. where they are used in plant’s mechanism. These fertilizers are mainly used through two ways, Fertigation and Foliar application. While in Fertigation, WSF are directly inserted into irrigation system, in Foliar system, these fertilizers are directly applied to leaves of the plants.
With increasing needs of food in families with increasing population in N.A., there has been a huge demand of fertilizers. Farmers need to keep their crops safe as the crops are also highly vulnerable to various diseases which spread very fast. Because their livelihood depend on the farming only, they need to invest in WSF to safeguard these crops to prevent themselves from getting into huge loss. In addition to people’s concern to maintain their fitness, people usually tend to remain on a proper vegetarian diet of dishes like salad. Water Soluble Fertilizers are facing challenges mainly because of increasing spending capabilities of people, people tend to eat non-vegetarian more often which indirectly affects this market a little bit. The rise of industrialization has led to the conversion of huge amount farming land into some industrial purpose, which is leading farmers away from this job, hence affecting this market.
North America Water Soluble Fertilizers Market – By Type of Crop:
Field
North America Water Soluble Fertilizers Market – By Application:
North America Water Soluble Fertilizers Market – By Type of WSF:
Potassic and Micronutrients based WSF are expected to show the huge growth among other types as there is a balanced need of all the nutrients for plants. Fertigation mode is most commonly used to apply WSF.
Geographical Analysis:
On the basis of geography, the North America market is segmented into United States and Canada. It is the second largest market globally with a share of 26% of the global WSF market. This region is growing at a decent region and will remain at its 2nd spot in this market in the mentioned forecast period.
Key Players:
Some of the major companies dominating the market, by their products and services include PR Agro Nutri Private Ltd. (India), CF Industries (US), The Mosaic Company (US), Israel Chemicas (Israel), Eurochem (Switzerland), Terra Nitrogen Company (US), PT Petrokimia Gresik (Indonesia), Sinofert Holdings (Hong Kong), Americas Petrogas (Canada) and Sirius Minerals (UK).
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