The water-soluble fertilizers market is projected to reach USD 25.1 billion by 2028 from USD 18.3 billion in 2023, growing at a CAGR of 6.5% from 2023 to 2028. The water-soluble fertilizer market has experienced a shift in demand due to changing consumer preferences and an increasing need for convenience. Water soluble fertilizers offer an advantage over traditional fertilizers, such as their quick dissolving ability in water and a high level of nutrient availability. Companies are investing in R&D to meet the market’s needs.
The key players in the pea starch market are Nutrien (Canada), Israel Chemical Company (Israel), Sociedad Química y Minera De Chile (SQM) (Chile), K+S Aktiengesellschaft (Germany), Yara International (Norway), Haifa Chemicals Ltd (Israel), Coromandel International Ltd (India), The Mosaic Company (US), Hebei Monband Water Soluble Fertilizer Co., Ltd (China), EuroChem (Switzerland), among others. They recently have adopted key strategies leading the market players including product launches, agreements, and expansions to maintain their position in the market.
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Nutrien is a Canadian fertilizer company, which is the largest producer of potash and the third-largest producer of nitrogen fertilizers in the world. It is the global agriculture retail network in major regions such as North America, South America, Europe, and Australia. The company entered several definitive agreements to acquire agricultural retailers across strategically important Brazil and the US regions. In July 2022, Nutrien announced that the company entered into an agreement to acquire Casa do Adubo, a Brazilian company, for approximately USD 400 Million. The acquisition includes 39 retail locations under Casa do Adubo, and 10 distribution centers, under Agrodistribuidor Casal.
Israel Chemical Ltd. is an Israel-based company that specialty manufactures fertilizers & phosphates and flame retardants & water treatment solutions. It manufactures liquid and water-soluble fertilizers and compound fertilizers in Spain, Holland, Germany, and Belgium and markets its fertilizer products globally, mainly in Europe, Brazil, India, China, and Israel. In June 2022, Israel Chemical Ltd. announced a long-term agreement with Indian Potash Limited (India) to supply polysulfate with a renewable option. The availability of polysulfate is expected to boost the ndian Government’s organic agriculture program. It will also help Israel Chemical Company penetrate and serve the Indian farmers as per their requirements and strengthen its position in the Indian and Asian markets.
Sociedad Química y Minera De Chile (SQM) is a global company based in Chile. They are the largest processors of agricultural goods across the globe. The company offers its fertilizers business under the specialty plant nutrients and potassium business segment and a wide range of water-soluble fertilizers such as potassium nitrate, potassium chloride, and potassium sulfate. The company operates globally through its subsidiaries, such as SQM North America Corp. (U.S.), SQM Europe N.V. (Belgium), and Soquimich S.R.L. Argentina (Argentina), with a geographic presence in North America, Latin America, Europe, and AsiaPacific.
Water-soluble Fertilizers Market by Type (Nitrogenous, Phosphatic, Potassic, and Micronutrients), Mode of Application (Foliar and Fertigation), Form (Dry and Liquid), Crop Type and Region - Global Forecast to 2028
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