Water Soluble Fertilizers Market

How Is the Water-Soluble Fertilizers Market Expected To Grow Through 2024-2033?

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033


The water-soluble fertilizers market has seen robust growth in recent years and is poised for continued expansion. This growth is driven by several key factors and emerging trends.

Current Market Growth

  • Market Size and Growth Rate:
    • Grew from $14.48 billion in 2023 to $15.26 billion in 2024.
    • CAGR of 5.4%.
  • Key Drivers:
    • Increasing awareness of crop nutrient requirements.
    • Rise in greenhouse and hydroponic cultivation.
    • Government initiatives and subsidies.
    • Shift towards sustainable agriculture.
    • Improved access to agricultural information.

Future Market Projections

  • Expected Growth to 2028:
    • Market size of $19.16 billion in 2028.
    • CAGR of 5.8%.
  • Key Drivers:
    • Rising global population and food demand.
    • Focus on nutrient efficiency and crop yield.
    • Expansion of controlled environment agriculture.
    • Market emphasis on sustainable agriculture.


View More On The Water-Soluble Fertilizers Market Report 2024 – https://www.thebusinessresearchcompany.com/report/water-soluble-fertilizers-global-market-report


Major Trends in the Forecast Period

  • Precision Agriculture: Adoption of technology-driven farming for better crop management.
  • Technological Advancements: Improved formulations for enhanced efficiency.
  • High-Quality Crops: Rising demand for superior produce.
  • Environmental Sustainability: Greater focus on eco-friendly farming practices.
  • Hydroponic and Fertigation Systems: Shift towards soilless and efficient nutrient delivery systems.

Increasing Need for Water-Soluble Fertilizers

  • Demand Growth:
    • Water-soluble fertilizers are easily applied and managed through irrigation systems.
    • Nutrients are directly available to crops, reducing leaching and erosion.
  • Price Surge:
    • Significant price increases in traditional fertilizers.
    • Potash fertilizer prices climbed by 165%, phosphate fertilizer prices by 120% to 128%.
  • Market Impact:
    • Rising fertilizer costs drive the adoption of water-soluble alternatives.

Key Players in the Market

  • Notable Companies:
    • Nutrien Ltd.
    • Israel Chemicals Ltd.
    • Coromandel International Limited.
    • The Mosaic Company.
    • K+S AKTiengesellschaft.
    • Agrium Inc.
    • Iowa Fertilizer Company.
    • Qatar Fertilizer Company.
    • Sociedad Quimica Y Minera SA (SQM).
    • Yara International ASA.
    • BMS Micro-Nutrients NV.
    • Haifa Group.
    • Indian Farmers Fertiliser Cooperative Limited.
    • EuroChem Group AG.
    • Gujarat Agro Industries Corporation Ltd.
    • Zuari Agro Chemicals Limited.

Product Innovation Drives Market Growth

  • Key Trend: Innovation in product formulations to meet diverse agricultural needs.
  • Notable Example:
    • SQM’s Ultrasoline K Plus (July 2022):
      • Water-soluble fertilizer with iodine, nitrogen, and potassium.
      • Supported by over 100 field tests.
      • Eco-friendly production reducing greenhouse emissions by up to 40%.

Strategic Acquisitions

  • ICL Group Ltd. Acquisition (July 2021):
    • Acquired Compass Minerals’ South American Plant Nutrition Business for $420 million.
    • Strengthens ICL’s position in Brazil as a leading specialty plant nutrition company.
    • Expands product portfolio to include enhanced efficiency fertilizers and micronutrients.

Market Segmentation

  • By Type:
    • Nitrogenous
    • Phosphatic
    • Potassic
    • Other Types
  • By Form:
    • Dry
    • Liquid
  • By Crop Type:
    • Field Crops
    • Horticultural Crops
    • Plantation
    • Turf and Ornamentals
    • Other Crop Types
  • By Application:
    • Foliar
    • Fertigation

Regional Insights

  • Asia-Pacific: Largest region in the water-soluble fertilizers market in 2023.

The water-soluble fertilizers market is set for significant growth, driven by technological innovations, increasing agricultural demands, and a global shift towards sustainable farming practices. Key players and strategic acquisitions are shaping the competitive landscape, ensuring that the market continues to thrive.


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The Water-Soluble Fertilizers Global Market Report 2024  provides comprehensive insights on the water-soluble fertilizers market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the water-soluble fertilizers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.


View More Related Reports –

Water-Soluble Vitamin And Mineral Feed Supplements Global Market Report 2024

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