Authored By: Sarah
25 Jun 2024

 Water Soluble Fertilizers Market Size to grow by USD 3573.7 million between 2024-2028

According to a research report “ Water Soluble Fertilizers Market” by Type (Fertigation, Foliar) Application (Nitrogenous, Potassic, Phosphatic) Geography (Europe, North America, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 3573.7 million, at a CAGR of  6.84% during the forecast period. The water soluble fertilizers market is poised for significant expansion in the coming years, driven by the increasing agricultural sector in key emerging economies such as China, India, Brazil, Indonesia, and Pakistan. These countries' growing food requirements have fueled the demand for high-performing, water-soluble fertilizers, which can be easily applied and integrated into technology-driven irrigation systems like micro drip irrigation. APAC, being a significant consumer of fertilizers globally, is expected to continue leading the market growth. The adoption of these fertilizers is also influenced by their superior nutrient availability and efficiency compared to traditional fertilizers.

Browse market data tables, figures, and in-depth TOC on “Water Soluble Fertilizers Market” by Type (Fertigation, Foliar) Application (Nitrogenous, Potassic, Phosphatic) Geography (Europe, North America, APAC, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Type, the Fertigation segment is projected to dominate the market size in 2024

The Water Soluble Fertilizers Market represents a significant business opportunity due to the growing demand for efficient nutrient delivery systems. These fertilizers offer numerous advantages, including quick absorption, precise nutrient control, and reduced leaching. Key market drivers include increasing agricultural productivity, expanding horticulture industry, and government initiatives promoting sustainable farming. Market players are focusing on product innovation, strategic partnerships, and geographical expansion to capitalize on this trend.

By Application, Nitrogenous  segment is expected to hold the largest market size for the year 2024

The Water Soluble Fertilizers Market represents a significant business opportunity due to the growing demand for efficient nutrient delivery systems. These fertilizers offer numerous advantages, including quick absorption, precise nutrient control, and reduced environmental impact. Key market drivers include increasing agricultural productivity, expanding horticulture industry, and government initiatives promoting sustainable farming. Market players are focusing on product innovation, strategic partnerships, and regional expansion to capitalize on these trends.

Europe is forecasted to hold the largest market size by region in 2024

The Water Soluble Fertilizers Market represents a significant business opportunity due to the growing demand for efficient nutrient delivery systems. These fertilizers offer numerous advantages, including quick absorption, precise nutrient control, and reduced environmental impact. Key market drivers include increasing agricultural productivity, expanding horticulture industry, and government initiatives promoting sustainable farming practices. Market size is projected to expand at a robust CAGR through 2027.

The Water Soluble Fertilizers Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Captain Polyplast Ltd.
  • CF Industries Holdings Inc.
  • Cifo Srl
  • Compagnie Financiere et de Participations Roullier
  • EID Parry India Ltd.
  • Green Has Italia SPA
  • Grupa Azoty SA
  • Gujarat State Fertilizers and Chemicals Ltd.
  • Haifa Negev technologies Ltd.
  • Indian Farmers Fertiliser Cooperative Ltd.
  • Industries Qatar Q.P.S.C
  • Israel Chemicals Ltd.
  • KS Aktiengesellschaft
  • Nutrien Ltd.
  • Sinochem Group Co. Ltd.
  • SQM S.A.
  • The Mosaic Co.
  • Uralchem JSC
  • Yara International ASA
  • Zuari Agro Chemicals Ltd.
.

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Research Analysis Overview

Water soluble fertilizers have gained significant attention in modern Agriculture due to their efficiency and ease of use. These fertilizers, also known as Dry Water-Soluble Fertilizers (DWSF) or Foliar Fertilizers, contain nutrients that are readily available to crops through foliar application or fertigation. Fertigation is the process of applying fertilizers directly to the root zone through irrigation water, while foliar application involves spraying nutrients onto the leaves. Synthetic water soluble fertilizers include Urea, Ammonium nitrate, Nitric acid, and Synthetic ammonia, which are derived from natural gas. Natural water soluble fertilizers, on the other hand, are derived from organic sources and contain Potassium, Phosphorus, and Nitrogen. The global water soluble fertilizers market is driven by the increasing food demand due to population growth and the need for nutrient accessibility to ensure optimal crop harvest. However, the market is also influenced by factors such as natural gas prices and geopolitical conflicts, like the Ukrainian conflict, which can impact the production and distribution of conventional fertilizers. Specialty fertilizers, including water soluble fertilizers, offer farmers the ability to provide specific nutrients to their crops at the right time and in the right amount. As the trend towards sustainable and organic farming continues to grow, there is a growing demand for natural water soluble fertilizers in the market.

Market Research Overview

Water-soluble fertilizers are a crucial component of modern farming, particularly in the fertigation and foliar application methods. These fertilizers, which include nitrogenous, phosphatic, potassic, and micronutrient varieties, are soluble in water and can be easily absorbed by crops through their roots or leaves. In the fertigation segment, water-soluble fertilizers are applied through irrigation systems, ensuring nutrient availability to crops continuously. Foliar application, on the other hand, involves spraying the fertilizer solution onto the leaves for immediate absorption. This method is commonly used for turf & ornamentals, horticultural crops, and vegetables like fruits. Key types of water-soluble fertilizers include NPK fertilizers, which contain macronutrients Nitrogen (N), Phosphorus (P), and Potassium (K). Other segments include the Potassium segment, Phosphatic segment, and Micronutrient segment. As food demand increases due to population growth, water-soluble fertilizers play a significant role in ensuring food security and nutritional value. However, environmental concerns and land availability are pressing issues, leading to a shift towards organic farming alternatives and natural fertilizers. Major players in the water-soluble fertilizers market include Casa do Adubo, Nutrien, and others. Advanced farming techniques, such as polysulfate technology, are also gaining popularity. Despite these advancements, conventional fertilizers, including urea, ammonium nitrate, nitric acid, and synthetic ammonia, remain significant contributors to the market. Natural gas prices and geopolitical issues, such as the Ukrainian conflict, can impact the production and pricing of synthetic fertilizers. Organic farming and natural fertilizers offer alternatives, but their nutrient accessibility and crop harvest yields may not match those of water-soluble fertilizers. In conclusion, water-soluble fertilizers are essential for modern farming, particularly in advanced techniques like fertigation and foliar application. They contribute significantly to food production and nutritional value but raise environmental concerns and challenges for organic farming alternatives. Market leaders include Casa do Adubo, Nutrien, and others, with various segments like NPK, Potassium, Phosphatic, and Micronutrient fertilizers.

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