NEW YORK, June 22, 2023 /PRNewswire/ — The global water soluble fertilizers market size is estimated to grow by USD 2.75 billion from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 5.69%, however, the growth momentum will progress during the forecast period. North America is estimated to account for 36% of the global market during the forecast period. Europe is another region offering significant growth opportunities to vendors. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In Europe, many countries, including Spain, Ukraine, Germany, Russia, and the UK, exhibit a high demand for these fertilizers. The significant factors increasing the regional growth include the rising demand for speciality fertilizers to improve the quality of production, changing climatic conditions, and the high penetration of companies that produce specialized fertilizers in the region is expected to propel the growth of the regional market during the forecast period. For more insights on the historic period (2017 to 2021) and forecast market size (2023 to 2027) – Request a sample report
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Water Soluble Fertilizers Market – Segmentation Assessment
Technavio has segmented the market based on type (Fertigation and Foliar), application (Nitrogenous, Potassic, and Phosphatic), and geography (Europe, North America, APAC, South America, and the Middle East and Africa).
- The market share growth by the fertigation segment will be significant during the forecast period. It is a process that combines fertilization and…