Top 5 Vendors in the Water-Soluble Fertilizers Market From 2016 to 2020: Technavio
Technavio
has announced the top five leading vendors in their recent global
water-soluble fertilizers market report. This research
report also lists 17 other prominent vendors that are expected to impact
the market during the forecast period.
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Technavio publishes a new market research report on the global water soluble fertilizers market from 2016-2020. (Graphic: Business Wire)
The basic plant nutrients used for a better crop yield are phosphate,
nitrogen, and potassium. Nitrogen is the most widely used nutrient as
fertilizer after phosphate and potash. These elements are crucial for
agricultural outputs as they help in improving water retention, nutrient
value, color, texture, yield, disease resistance, and various other
properties. These nutrients find extensive applications base in several
crops such as rice, wheat, soybeans, palm, cotton, grains, corn, sugar,
fruits, and vegetables.
Competitive vendor landscape
The global market for water-soluble fertilizers is highly fragmented,
characterized by the occurrence of expanded regional and international
corporations owing to the prevalent accessibility of natural gas.
Nevertheless, as international corporations have increased their
predominance in the market, regional corporations are finding it
extremely difficult to compete with them, especially in terms of
technology, quality, and pricing.
“Vendors with better financial and technical resources can progress
with innovative products that render competitors’ merchandise
non-competitive even before they are launched, or before they can
recover the research and development and commercialization costs,”
says Ajay Adikhari, a lead agrochemicals
and fertilizers analyst from Technavio.
The market is dominated by leading global players. Nonetheless, there
are several domestic and foreign players with comparatively smaller
market shares. Many global players are projected to enlarge their
presence at the global level during the forecast period. In addition,
improvements in global economic conditions are boosting the growth of
the market, making it an attractive time to launch new products.
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Top five water-soluble fertilizers market vendors
Agrium
Agrium’s fertilizers offer farmers crucial nutrients that increase crop
yield and help them meet the global demand for food. The company
operates in two segments, wholesale and retail. These units are
responsible for producing and marketing phosphate, nitrogen, sulfate,
and potash-based nutrients for crop.
Haifa
Haifa is owned by Trance Resource, a US-based holding company. Haifa
operates in more than 100 countries across five continents with three
production plants and 12 subsidiaries. Its main production plants are in
Israel and France with a combined annual potassium nitrate production
capacity of 500,000 million tons.
Haifa offers an extensive portfolio of water-soluble fertilizers that
ensure optimal plant nutrition. Efficient fertilizers and effective
fertilization methods have become the main solution to the increasing
demand for agricultural products.
PotashCorp
PotashCorp mines potash from underground deposits left behind by
evaporated seas. The world’s largest deposits are in Saskatchewan.
Water-soluble fertilizers are used for the following:
-
As fertilizer: It improves root strength and disease resistance;
assists water retention; and enhances taste, color and texture of food
-
As feed: It aids animal growth and milk production
-
It is used in industrial products (food products, soaps, water
softeners, de-icers and drilling muds)
Mosaic Company
Mosaic Company was incorporated in 2004 and is headquartered in
Plymouth, Minnesota, US. The company is a manufacturer and distributor
of potash crop nutrients and concentrated phosphate. Its product
offering includes potash, phosphates, feed ingredients, and industrial
products. The company serves customers in approximately 40 countries.
Yara International
Yara International has established its presence in the fertilizers and
agrochemicals sector with NPK fertilizers, secondary nutrients (calcium,
magnesium, and sulfur), and micro nutrients (boron, copper, iron,
molybdenum, and manganese). Its fertilizer portfolio includes calcium
ammonium nitrate, ammonium nitrate, urea, urea ammonium nitrate
solutions, ammonium sulfate, and fertigation and liquid fertilizers. Its
key brands include YaraBela, YaraLiva, YaraMila, YaraVera, and YaraVita.
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About Technavio
Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.
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