The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Nitrogenous Water Soluble Fertilizer Global Market Report 2023, the nitrogenous water soluble fertilizer market is expected to show significant growth in the forecast period.

Key insights from the nitrogenous water soluble fertilizer market forecast include:

1. Market Size

The global nitrogenous water soluble fertilizer market size is expected to grow from $56.61 billion in 2022 to $60.97 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The global nitrogenous water soluble fertilizer market size is expected to reach $78.83 billion in 2027 at a CAGR of 6.6%. Europe was the largest region in the nitrogenous water soluble fertilizer market in 2022.

2. Major Driver

The growing popularity of commercial agriculture is expected to propel the growth of the nitrogenous water-soluble fertilizer market going forward. Agriculture refers to the large-scale production of crops and livestock to sell them and generate profit. Agriculture practices often use nitrogenous water-soluble fertilizers as part of their nutrient management practices, hence driving the growth of the nitrogenous water-soluble fertilizer market. For instance, in May 2022, according to the GOV.UK, a UK-based government-operated official statistics website, 2021 highlights total crop output income increased by $11,782 million in 2021 from $1,950 million in 2020, and total livestock output income increased by $17,626 million in 2021 from $1,119 million in 2020. Therefore, the growing popularity of commercial agriculture is driving the growth of the nitrogenous water-soluble fertilizer market.

View More On The Nitrogenous Water Soluble Fertilizer Market Report 2023 – https://www.thebusinessresearchcompany.com/report/nitrogenous-water-soluble-fertilizer-global-market-report

3. Key Trend

Technological innovations are a key trend gaining popularity in the nitrogenous water-soluble fertilizer market. Major companies operating in the nitrogenous water-soluble fertilizer market are innovating new technologies to sustain their position in the market. For instance, in September 2022, Yara International, a Norway-based chemical company that manufactures fertilizers, launched the YaraIrix system for nitrogen water-soluble fertilizer.

4. Major Players

Major players in the nitrogenous water soluble fertilizer market are ICL Specialty Fertilizers, Yara International ASA, K+S Aktiengesellschaft, Agrium, Coromandel International Limited, Sociedad Química y Minera de Chile, The Mosaic Company, Nutrient Ltd., COMPO GmbH, EuroChem Group AG, BASF SE, Adama Agricultural Solutions, Uralchem Group, Nufarm, and Qatar fertilizer Company.

5. Top Market Segments

The global nitrogenous water soluble fertilizer market is segmented –

1) By Type: Macroelement WSF, Microelement WSF, Other Types

2) By Crop Type: Field Crops, Horticultural Crops, Turf And Ornamentals, Other Crop Types

3) By Form: Dry, Liquid

4) By Application: Foliar, Fertigation

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The Nitrogenous Water Soluble Fertilizer Global Market Report 2023  provides an in-depth analysis on the nitrogenous water soluble fertilizer market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the nitrogenous water soluble fertilizer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

Water Soluble NPK Fertilizers Global Market Report 2023 

Sulfur Fertilizers Global Market Report 2023

Chemical Fertilizers Global Market Report 2023

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