Global Water Soluble Fertilizers Market is expected to reach USD 22.0 billion by 2024, according to a new report by Grand View Research, Inc. Rising demand for the product as they improve crop quality and increases crop production output significantly will augment market growth over the forecast period. Increasing crop production in countries including China, India, the U.S., Indonesia, Brazil, Japan and Mexico on account of growing population will drive industry size over the next eight years. Decreasing availability of arable land is expected to fuel the product demand over the forecast period.
Horticultural crops are projected to show significant revenue gains at a CAGR of 6.8% from 2016 to 2024 owing to rising consumption of fruits, vegetables, spices and medicinal plants. Moreover, rapid economic development, government support, advancements in fertilizer manufacturing is anticipated to propel market demand.
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Further key findings from the report suggest:
View Research Insight on Water Soluble Fertilizer Market by Grand View Research: http://www.grandviewresearch.com/research-insights/water-soluble-fertilizers-market-insights
Grand View Research has segmented the global water soluble fertilizers market on the basis of product, crop type, application, and region:
Water Soluble Fertilizers Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)
Water Soluble Fertilizers Crop Type Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)
Water Soluble Fertilizers Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)
Water Soluble Fertilizers Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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