Latest News- Water Soluble Fertilizers Market: Fertigation is expected to lead the Type segment during 2025-2029

The Water Soluble Fertilizers Market is being driven by Increase in demand from developing countries

The Water Soluble Fertilizers Market is expected to grow at a CAGR of 6.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 3502.7 million. In the agricultural sector, precision farming has emerged as a cost-effective and efficient method for cultivating crops with limited resources. This modern farming technique employs advanced information technology applications, such as high-precision positioning systems, smart sensors, and satellite imagery, to optimize crop production. Water soluble fertilizers play a crucial role in this process, allowing farmers to apply precise amounts of nutrients to their crops, thereby reducing input costs and minimizing waste. The popularity of precision farming is on the rise, particularly in developing countries like China, India, and Bangladesh, due to its ability to enhance yields and improve farming practices on limited arable land. Consequently, the demand for water soluble fertilizers is projected to increase significantly during the forecast period. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Fertigation
  • Foliar
• Application
  • Nitrogenous
  • Potassic
  • Phosphatic
• Crop Type
  • Field crop
  • Horticulture crop
  • Turf and ornaments
  • Others
• Geography
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • APAC
    • China
    • India
  • North America
    • Canada
    • US
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increase in demand from developing countries
• Growth in fertilizer industry
• Reduction in arable land

However, the market also witnesses some limitations, which are as follows:

• Health concerns regarding use of water-soluble fertilizers
• Volatility in raw material prices
• Rising competition from substitutes products

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Market Scope in Water Soluble Fertilizers Market Research Report

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Research Analysis Overview

The Water Soluble Fertilizers market encompasses organic farming solutions and specialty fertilizers, with Synthetic ammonia, Nitric acid, and Ammonium nitrate as key components. The conflict in Ukraine and fluctuating natural gas prices impact the production of these fertilizers. Water Soluble Fertilizers ensure nutrient accessibility for crops during harvest, addressing food demand. Dry Water-Soluble Fertilizers are gaining popularity due to their efficiency compared to conventional fertilizers.

Market Research Overview

The global fertilizers and agricultural chemicals industry encompasses businesses engaged in the production of fertilizers and agricultural chemicals, along with related components. This sector comprises agricultural pesticides, such as insecticides, herbicides, fungicides, nematicides, and fertilizers, including nitrogenous fertilizers, phosphatic fertilizers, potassic fertilizers, and biofertilizers. According to Technavio's market analysis, key growth drivers for this market include the increasing number of product launches by market participants to broaden their offerings. Other influential factors include geopolitical issues, like the Ukrainian conflict, and fluctuations in natural gas prices impacting the production of synthetic ammonia and nitric acid.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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