Save up to 30% on The Business Research Company’s comprehensive market research reports for a limited time only!

What is the Anticipated CAGR of the Water-Soluble Fertilizers Market Over the 2024-2033 Forecast Period?

In recent years, the market for water-soluble fertilizers has witnessed impressive growth. The market size is projected to increase from $14.48 billion in 2023 to $15.26 billion in 2024, registering a compound annual growth rate (CAGR) of 5.4%. The historical growth rate has been driven by several factors, including increased understanding of crop nutrient needs, a surge in greenhouse and hydroponic farming, governmental supports and subsidies, a shift towards sustainable farming practices, and enhanced availability of agricultural data.

In the coming years, the market size of water-soluble fertilizers is anticipated to witness significant growth, reaching $19.16 billion in 2028, with a compound annual growth rate (CAGR) of 5.8%. The surge during the predicted period can be linked to the global increase in population and food requirements, enhancement on nutrient proficiency and agricultural yield, growth in controlled environment agriculture, and emphasis on sustainable farming in the market. The upcoming period will see major trends such as adoption of precision farming, advancements in technical formulations, a surge in the demand for superior-quality produce, a growing focus on ecological sustainability, and shift towards hydroponics and fertigation systems.

Claim Your Free Sample of the Global Water-Soluble Fertilizers Market Report Today!

https://www.thebusinessresearchcompany.com/sample.aspx?id=10503&type=smp

What Are the Driving Forces Behind the Growth of the water-soluble fertilizers Market?

The rising demand for water-soluble fertilizers is set to fuel the expansion of the related market in the near future. These are fertilizers that can be readily dissolved in water and directly applied to crops. The growing necessity for this type of fertilizers is pushing the market forward as they allow for an easy management of nutrients and are less affected by leaching and erosion. As reported by the House of Lords Library – the library and information resource of the UK’s upper parliamentary chamber – in June 2022, Potash fertilizer prices had soared by 165%, while phosphate fertilizer prices had seen an increase of 120% to 128%, depending on the variety. Consequently, the escalating demand for water-soluble fertilizers is a key driver of the market.

What Are the Core Segments of the Water-Soluble Fertilizers Market?

1) By Type: Nitrogenous, Phosphatic, Potassic, Other Types

2) By Form: Dry, Liquid

3) By Crop Type: Field Crops, Horticultural Crops, Plantation, Turf And Ornamentals, Other Crop Types

4) By Application: Foliar, Fertigation

What Are the Key Innovations Reshaping the Water-Soluble Fertilizers Market?

The driving trend in the water-soluble fertilizers market is centered around product innovation. Leading firms in the industry are focusing on the creation of innovative products to enhance their market position. SQM, a Chilean chemical company that offers iodine, lithium, industrial chemicals, and plant nourishment, exemplified this in July 2022 by launching Ultrasoline K Plus, a water-soluble fertilizer. Ultrasoline K Plus contains iodine, 13.7% nitrogen, and 46.3% potassium and its effectiveness is demonstrated by over 100 field tests with growers. Through its use, crops can prevent iodine deficiency without the risk of over-application of iodine. Besides meeting international market needs, Ultrasoline K Plus is developed using an eco-friendly approach, resulting in up to 40% less greenhouse gas emissions.

Order Now for Fast Delivery of Your Water-Soluble Fertilizers Market Report!

https://www.thebusinessresearchcompany.com/report/water-soluble-fertilizers-global-market-report

What Regions Are Influencing the Dynamics of the Water-Soluble Fertilizers Market?

Asia-Pacific was the largest region in the water-soluble fertilizers market in 2023. The regions covered in the water-soluble fertilizers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Water-Soluble Fertilizers Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the water-soluble fertilizers market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Water-Soluble Fertilizers Market Include

1. Water-Soluble Fertilizers Market Executive Summary

2. Water-Soluble Fertilizers Market Segments

3. Water-Soluble Fertilizers Market Size And Template Market Growth Rate

4. Key Water-Soluble Fertilizers Market Trends

5. Major Water-Soluble Fertilizers Market Drivers

……

25. Key Mergers And Acquisitions In The Water-Soluble Fertilizers Market

26. Top Water-Soluble Fertilizers Companies

27. Water-Soluble Fertilizers Market Opportunities And Strategies

28. Water-Soluble Fertilizers Market, Conclusions And Recommendations

29. Appendix

Discover Related Reports by The Business Research Company:

RNA Analysis/ Transcriptomics Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/rna-analysis-transcriptomics-global-market-report

Real-Time Location Systems (RTLS) Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/real-time-location-systems-global-market-report

General Electronic Components Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/general-electronic-components-global-market-report

Learn More About The Business Research Company

The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: