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Domination of Water Soluble Fertilizers Market in the World
The global water-soluble fertilizers market is dominated by Europe contributing around 40.0% of the global market in 2012. Russia, Spain, and Ukraine led the market in Europe. North America is the second largest market for water-soluble fertilizers, it held around 31.8% share in 2012. Asia-Pacific market held just 16.1% market share in 2012 but it is the fastest growing region in the world. China, India, Israel, Australia, and Malaysia are the key countries in Asia-Pacific region.
In order to capitalize on the growth trend in the global water-soluble fertilizers market, several leading companies are rushing in to the development and manufacturing of water-soluble fertilizers. The growing demand for water-soluble fertilizers is forcing the fertilizersí manufacturers to increase water-soluble fertilizers product offerings. Agrium Inc. (Canada), Israel Chemical Ltd. (Israel), and Yara International ASA (Norway) are the leading companies for water-soluble fertilizers market development. The key players are expanding their presence worldwide and focusing on the developing countries. The mergers & acquisitions, agreements, partnerships, collaborations, and joint ventures are leading strategies followed by most of the players and contribute for 75.0% of the developments in the global water-soluble fertilizers market. The utilization of water-soluble fertilizers is led by horticulture crops that accounted for 45.6% of the total application in 2012.
Water Soluble Fertilizers Market by Types (Nitrogenous, Phosphatic, Potassic, Micronutrients), Applications, (Fertigation, Foliar Application), Crop Types (Field, Horticultural, Turf & Ornamentals) & Geography - Trends & Forecasts to 2018
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