Global Nitrogenous Water Soluble Fertilizers Market is Expected to Reach at $6,118.5M by 2018
“Nitrogenous constitute 41.5% of Global Water Soluble Fertilizers market and are poised to grow its market share to 41.3% by the end of year 2018�
Nitrogen is the most predominantly consumed nutrient among all the macro and micro elements required for plant growth. Nitrogenous fertilizers can be provided by soil application, fertigation or foliar application. In foliar process, concentration of nitrogen varies from 100ppm to 250ppm according to the needs of the plant. The nitrogenous fertilizers are highly responsible for soil pH change. It is noted that the pH of the soil can be increased by using the nitrate form of nitrogen, while it can be reduced by using the ammonium form of nitrogen. The global consumption of nitrogenous water soluble fertilizers is increasing at a CAGR of 5.2% during 2013 to 2018.
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