NEW YORK, July 12, 2021 /PRNewswire/ — According to the latest market research report on Water Soluble Fertilizers Market from Technavio, the market is expected to expand at a healthy CAGR of 5.80%. The growth can be mainly attributed to the increase in demand for water-soluble fertilizers from developing countries.
Enterprises will go through the Response, Recovery, and Renew phases.
With the gradual recovery of markets from the aftermath of COVID-19 pandemic, the materials industry is likely to witness a MIXED impact during the forecast period.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
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- Pre- as well as post-COVID-19 market estimates
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Key Market Participants Analysis
Arab Potash Co.
Arab Potash Co. works across various segments including Arab Potash Co., KEMAPCO, and Numeira Co. The company offers KEMAPCO NPK 13-3-43. 13-2-44, 13-8-40 and others for water-soluble fertlizers.
CF Industries Holdings Inc.
The company caters to a wide range of customers and end-users including agricultural and industrial customers. The company offers Aqua Ammonia, Granular Urea, Ammonium Nitrate and others for water soluble fertilizers.
The company offers manufacturing and production of agricultural chemicals. The company offers geraniums and flowering plants, orchid, vegetable and fruit plant for water soluble fertilizers.
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Water Soluble Fertilizers Market 2021-2025: Segmentation
Water soluble fertilizers market is segmented as below:
- North America
- South America
The water-soluble fertilizers market is driven by the increase in demand for water-soluble fertilizers from developing countries and the reduction in arable land. In addition, the growth in the fertilizer industry is also expected to trigger the water-soluble fertilizers market toward witnessing a CAGR of over 5.80% during the forecast period.
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