Summary - A new market study, titled “Global CBD Plant Nutrients Market Research Report Forecast to 2025 ” has been featured on WiseGuyReports.
Global CBD Plant Nutrients Market: Information by Type (Macronutrients and Micronutrients), Category (Organic and Conventional), Mode of Application (Drenching, Fertigation and Foliar) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2025
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The Global CBD Plant Nutrients Market is projected to register a CAGR of 28.36% to reach USD 453,208.5 Thousand by the year 2025. CBD plant nutrients are fertilizers used during the hemp cultivation for CBD. The global CBD plant nutrients market is supposed to register substantial growth during the forecast period. Besides, the application of CBD plant nutrients is increasing in the pharmaceutical industry, owing to the rising occurrence of chronic diseases. The largest projected segment is macronutrient segment that is expected to register the significant CAGR to attain USD 316,012.4 thousand by the end of the year 2025. micronutrients is projected to be the fastest-growing segment during the forecast period as it is important at each stage of the CBD plant’s growth. Various phases, however, require different combinations of the NPK ratio. The high need for nitrogen and potassium resulted in high demand for macronutrients. CBD plant nutrients are macro- and micro-nutrients required for the healthy growth of a plant and gain high yield. These nutrients boost the overall growth of the CBD plant. The demand for CBD nutrients has increased significantly in the last few years. The nutritional requirement of CBD is considered similar to that of corn with high requirement of nitrogen and potassium in various stages of their life cycle. However, he development of the global CBD plant nutrients market is majorly due to the support of CBD in most of the countries. Thus, this has boosted the demand for these nutrients from the cultivators of cannabis. Also, the ongoing R&D on cannabinoid, along with the increasing status of cannabis in Asian Countries, has generated evolution of opportunities for the market players.
Market Segmentation
Global CBD Plant Nutrients Market has been segmented on the basis of Macronutrients micronutrients, Category, application and region. The Macronutrients is again classified into Nitrogen, Phosphorous, Potassium and others. Micronutrients has been classified into Iron, Manganese, Boron and Others. Based on category the CBD plant nutrients market has been classified into conventional and organic. On the basis of mode of application, the market has been segmented into drenching, fertigation and foliar. Based on region, CBD Plant Nutrients Market has been segmented into different regions like North America, Europe, Asia-Pacific, Rest of the World (RoW). North America covering different countries like US, Canada and Mexico. Europe including Germany, UK, France, Spain, Italy and Rest of Europe. Asia-Pacific including China, India, Japan, Australia & New Zealand and Rest of Asia-Pacific and rest of the world like Middle East, South America and Africa. The largest expected segment is macronutrient segment that is expected to register the significant CAGR to attain USD 316,012.4 thousand by the end of the year 2025. micronutrients is projected to be the fastest-growing segment during the forecast period as it is important at each stage of the CBD plant’s growth. Various phases, however, require different combinations of the NPK ratio. The high need for nitrogen and potassium resulted in high demand for macronutrients.
Regional Analysis
Geographically the CBD Plant Nutrients Market has been segmented into different regions like North America, Europe, Asia-Pacific, Rest of the World (RoW). North America covering different countries like US, Canada and Mexico. Europe including Germany, UK, France, Spain, Italy and Rest of Europe. Asia-Pacific including China, India, Japan, Australia & New Zealand and Rest of Asia-Pacific and rest of the world like Middle East, South America and Africa. The Asia-Pacific region is responsible for 40.44% of the total market share in the year 2018. Hence, the Asia Pacific CBD Plant Nutrients Market is projected to be the major during the forecast period. China, Australia & New Zealand are among the major contributors to the growth of the market. The North American market also retains a major share of the global CBD plant nutrients market and is projected to exhibit a substantial CAGR during the forecast period. During the forecast period the majority market share is expected to be held by Canada.
Major Players
The proposed spectators in Global CBD Plant Nutrients Market are huge corporates, SMEs, distributors and wholesalers, Investors and trade experts, Governments, associations and industrial bodies, etc.Sociedad Química y Minera de Chile (Chile), CF Industries Holdings, Inc (US), The Mosaic Company (US), EuroChem Group (Switzerland), Nutrien Ltd (Canada), PhosAgro (Russia), Haifa Chemicals Ltd (Israel), ZuariAgroChemicals Ltd (India), Israel Chemicals Limited (Israel), and Yara International ASA (Norway), are some of the major players in the global CBD plant nutrients market. The projected onlookers in the Global CBD Plant Nutrients Market are Governments, associations, and industrial bodies, Investors and trade expert, Nutrients manufacturers, Fertilizer manufacturers, Traders, wholesalers, and distributors. The international players are expanding their presence worldwide through strategic acquisitions, expansion, and launching new and innovative products
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