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Rising horticulture crop demand is expected to drive innovation in the production of water soluble NPK fertilisers, driving the market during the forecast period.

The global water soluble NPK fertilizers market is expected to grow from $12.12 billion in 2022 to $12.93 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The water soluble NPK fertilizers market size is expected to grow to $16.38 billion in 2027 at a CAGR of 6.1%.

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Global Water Soluble NPK fertilizers Market Segments Include:

• By Crop Type: Field Crops, Horticultural Crops, Ornamentals, Other Crop Types
• By Application: Foliar, Fertigation
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Europe is the largest region in the global water soluble NPK fertilizers market in 2021.

Major Market Players in the water soluble NPK fertilizers market include Haifa Group, Yara International ASA, Arab Potash Company, OMEX Agricultural Holdings Limited, Acron Group, Coromandel International Limited.

Adoption of advanced technology is a key trend that is gaining traction in the water-soluble NPK fertilisers market. Major market players are focusing their efforts on incorporating innovative technologies into their fertilisers that provide better root growth as well as disease resistance, in order to maintain their market position. For example, in September 2021, Coromandel International Limited, an India-based chemical manufacturing company, will launch GroShakti Plus fertiliser based on EnPhos Technology. Because of the robust plant development and improved disease resistance, this technology provides better root development, faster growth, and higher-quality yields. This fertiliser contains all of the major NPK nutrients and has the highest nutrient content of any complex fertiliser, making it an excellent choice for farmers.

The Water Soluble NPK Fertilizers Global Market Report 2023  provides a water soluble NPK fertilizers market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The water soluble NPK fertilizers market forecast analyzes water soluble NPK fertilizers market size, water soluble NPK fertilizers market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Water-soluble NPK fertilisers are nitrogen, phosphorus, and potassium fertilisers that are highly effective, fast-acting, and extremely beneficial for improving the quality and yield of all field and cash crops, as well as horticulture.

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