- Phosphatic
- Nitrogenous
- Potassic
- Micronutrients
- Others
Water Soluble Fertilizers Market size was valued at USD 17.8 billion in 2022. It is expected to reach USD 27.2 billion by 2029, at a CAGR of 6.2% from 2023-2029. Fertilizers are substances added to crops for increasing the yield of the products. Water soluble fertilizers are fertilizers that are easily dissolved in the water and their absorption and utilization are high compared to other chemical fertilizers. The major advantages of water-soluble fertilizers are a rapid impact, the possibility to supply a fixed amount of nutrients to the crops, ease of application which reduces labor cost, and reduce groundwater contamination. These fertilizers are supplied through fertigation by mixing suitable concentrations of fertilizer into the fertigation system. However, a lack of awareness about the usage of fertilizers and stringent regulatory guidelines are expected to hamper the growth of the market over the forecast period. The market is growing at a significant CAGR due to an increase in the crop yield and better yield of the products. In addition, government initiatives for the environment-friendly fertilization of crops, a rise in the popularity of drip irrigation systems, and a faster absorption rate is anticipated to upsurge the revenue of the market. Moreover, acquisitions and mergers, collaborations, product approvals, and product launches are the strategies followed by the companies to dominate the market.
Water Soluble Fertilizers Market Key Developments:
- In May 2017, Israel chemical ltd. launched its fertilizers product portfolio in the UK agriculture market.
Water Soluble Fertilizers Market Summary
Study Period
2023-29
Base Year
2022
CAGR
4.2%
Largest Market
North America
Fastest Growing Market
Asia Pacific
Water Soluble Fertilizers Market Dynamics
Increase in the global population demanding for healthy food products, rise in the demand for drip irrigation due to government support, a rise in awareness about the advantages of water soluble fertilizers, and growing preference for environment-friendly farming are anticipated to fuel the market. Furthermore, increase in the crop loss due to lack of nutrients in the soil, decrease in labour cost, and simple application procedures are propel the market over the forecast period.
North-America Got Significant Share of
Water Soluble Fertilizers Market Regional Analysis
North America market driven by increase in the adoption of eco-friendly farming practices, growing population demanding for healthy food products, increase in the production of fruits and vegetables in U.S. Europe market expected to grow at significant CAGR over the forecast period due to the diversification of business into Europe region, rise in R&D activities, and high awareness about the benefits of water soluble fertilizers among farmers in the region. Asia Pacific water soluble fertilizers market projected to hold larger revenue share owing to rise in adoption of environment-friendly farming, and easier availability of the products.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The water soluble fertilizers market report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Water Soluble Fertilizers Market Segmentation
By Fertilizer Type
By Application
- Foliar
- Fertigation
Frequently Asked Questions
The global Water Soluble Fertilizers Market Size was valued at USD 17.8 billion in 2022
The Water Soluble Fertilizers Market Key Players are Agrium Inc. , Coromandel International Limited (India), Haifa Chemicals Limited. (Israel), Yara International ASA (Norway)
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
1. Executive Summary
2. Global Water Soluble Fertilizers Market Introduction
2.1. Global Water Soluble Fertilizers Market Taxonomy
2.2. Global Water Soluble Fertilizers Market Definitions
2.2.1. Product Type
2.2.2. Crop Type
2.2.3. Mode of Application
3. Global Water Soluble Fertilizers Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Water Soluble Fertilizers Market Dynamic Factors - Impact Analysis
3.6. Global Water Soluble Fertilizers Market Regulations
3.6.1. U.S.
3.6.2. Europe
3.7. Global Water Soluble Fertilizers Market Trends
4. Global Water Soluble Fertilizers Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) 4.3. Market Opportunity Analysis
5. Global Water Soluble Fertilizers Market, By Product Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.1. Phosphatic
5.2. Nitrogenous
5.3. Potassic
5.4. Micronutrients
5.5. Others
5.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.5.3. Market Opportunity Analysis
6. Global Water Soluble Fertilizers Market Forecast, By Crop Type, 2018 - 2022 and Forecast, 2023 - 2029
6.1. Horticulture crops 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Field crops
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis 6.3. Turf & ornamentals
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Others
6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
7. Global Water Soluble Fertilizers Market Forecast, By Mode of Application, 2018 - 2022 and Forecast, 2023 - 2029
7.1. Foliar
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Fertigation
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
8. Global Water Soluble Fertilizers Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.1. North America 8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis 8.3. Asia-Pacific 8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa 8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Water Soluble Fertilizers Market - Opportunity Analysis Index, By Fertilizer Type, By Crop Type, By Mode of Application and Region, 2023 - 2029
9. North America Water Soluble Fertilizers Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
9.1. Fertilizer Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Phosphatic
9.1.2. Nitrogenous
9.1.3. Potassic
9.1.4. Micronutrients
9.1.5. Others
9.2. Crop Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Horticulture crops
9.2.2. Field crops
9.2.3. Turf & ornamentals
9.2.4. Others
9.3. Mode of Application Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.3.1. Foliar
9.3.2. Fertigation
9.4. Country Analysis 2016 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.4.1. U.S.
9.4.2. Canada
9.5. North America Water Soluble Fertilizers Market - Opportunity Analysis Index, By Fertilizer Type, By Crop Type, By Mode of Application and Country, 2023 - 2029
9.6. North America Water Soluble Fertilizers Market Dynamics Trends
10. Europe Water Soluble Fertilizers Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
10.1. Fertilizer Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Phosphatic
10.1.2. Nitrogenous 10.1.3. Potassic
10.1.4. Micronutrients
10.1.5. Others
10.2. Crop Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Horticulture crops
10.2.2. Field crops
10.2.3. Turf & ornamentals
10.2.4. Others
10.3. Mode of Application Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Foliar
10.3.2. Fertigation
10.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Russia
10.4.7. Poland
10.4.8. Rest of Europe
10.5. Europe Water Soluble Fertilizers Market - Opportunity Analysis Index, By Fertilizer Type, By Crop Type, By Mode of Application and Country, 2023 - 2029 10.6. Europe Water Soluble Fertilizers Market Dynamics Trends
11. Asia-Pacific Water Soluble Fertilizers Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
11.1. Fertilizer Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Phosphatic
11.1.2. Nitrogenous
11.1.3. Potassic
11.1.4. Micronutrients
11.1.5. Others
11.2. Crop Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Horticulture crops
11.2.2. Field crops
11.2.3. Turf & ornamentals
11.2.4. Others
11.3. Mode of Application Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Foliar
11.3.2. Fertigation
11.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.4.1. Japan
11.4.2. China
11.4.3. India
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Water Soluble Fertilizers Market - Opportunity Analysis Index, By Fertilizer Type, By Crop Type, By Mode of Application and Country, 2023 - 2029
11.6. Asia-Pacific Water Soluble Fertilizers Market Dynamics Trends
12. Latin America Water Soluble Fertilizers Market Analysis, 2012 - 2012 - 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
12.1. Fertilizer Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Phosphatic
12.1.2. Nitrogenous
12.1.3. Potassic
12.1.4. Micronutrients
12.1.5. Others
12.2. Crop Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Horticulture crops
12.2.2. Field crops
12.2.3. Turf & ornamentals
12.2.4. Others
12.3. Mode of Application Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Foliar
12.3.2. Fertigation
12.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Argentina
12.4.4. Venezuela
12.4.5. Rest of Latin America
12.5. Latin America Water Soluble Fertilizers Market - Opportunity Analysis Index, By Fertilizer Type, By Crop Type, By Mode of Application and Country, 2023 - 2029
12.6. Latin America Water Soluble Fertilizers Market Dynamics Trends
13. Middle East and Africa Water Soluble Fertilizers Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
13.1. Fertilizer Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Phosphatic
13.1.2. Nitrogenous
13.1.3. Potassic
13.1.4. Micronutrients
13.1.5. Others
13.2. Crop Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.2.1. Horticulture crops
13.2.2. Field crops
13.2.3. Turf & ornamentals
13.2.4. Others
13.3. Mode of Application Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Foliar 13.3.2. Fertigation
13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. Israel
13.4.3. South Africa
13.4.4. Rest of MEA
13.5. MEA Water Soluble Fertilizers Market - Opportunity Analysis Index, By Fertilizer Type, By Crop Type, By Mode of Application and Country, 2023 - 2029 13.6. MEA Water Soluble Fertilizers Market Dynamics Trends
14. Competition Landscape
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Product & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. Agrium Inc. (Canada)
14.2.2. Yara International ASA (Norway)
14.2.3. COMPO GmbH & Co. KG (Germany)
14.2.4. K+S Aktiengesellschaft (Germany)
14.2.5. Israel Chemical Limited (Israel)
14.2.6. Sociedad Quimica YMinera SA (SQM) (Chile)
14.2.7. Coromandel International Limited (India)
14.2.8. Haifa Chemicals Limited. (Israel)
15. Research Methodology
16. Key Assumptions and Acronyms
- Agrium Inc. (Canada)
- Yara International ASA (Norway)
- COMPO GmbH & Co. KG (Germany)
- K+S Aktiengesellschaft (Germany)
- Israel Chemical Limited (Israel)
- Sociedad Quimica YMinera SA (SQM) (Chile)
- Coromandel International Limited (India)
- Haifa Chemicals Limited. (Israel)