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Global Water Soluble Fertilizers Market Size, Share, Report: By Form: Liquid, Dry; By Product: Nitrogenous, Phosphatic, Potassic, Others; By Mode of Application: Foliar, Fertigation; By Crop Type: Field Crops, Horticultural Crops, Plantation, Turf and Ornamentals, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Water Soluble Fertilizers Market Outlook
The global water soluble fertilizers market stood at a value of around USD 17.38 billion in 2023. The market is further expected to grow at a CAGR of 4.8% in the forecast period of 2024-2032 to attain a value of nearly USD 26.10 billion by 2032.
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Increasing Utilisation of Fertigation to Improve Fertility and Control Nutritional Deficiency to Bolster the Water Soluble Fertilizers Industry Growth
Based on mode of application, the fertigation segment is likely to account for a significant share in the market over the forecast period. This can be attributed to the rising popularity of fertigation owing to the increasing acceptance of micro irrigation and precise irrigation techniques involved in this segment. The water soluble fertilizer is an essential component in the fertigation, especially during the initial development stages of a plant, as it helps provide all the necessary nutrients required for optimal plant growth. This is aiding the growth of the segment.
Rising Demand for Nitrogenous Fertilizers to Augment the Market Growth
On the basis of product, nitrogenous fertilizers accounted for a significant share in the market and are likely to witness a healthy growth over the forecast period. Nitrogenous fertilizers are readily soluble in water and are easily available commercially. Meanwhile, the suitability of potassic fertilizers for fertigation is likely to propel its sales over the forecast period, making this segment accountable for a considerable share in the market.
Increase in Horticulture Crop Production to Bolster the Market Growth
The horticultural crops, based on crop type, are anticipated to account for a significant share in the market over the forecast period. The demand for this type of crop is rapidly growing, mainly due to the rising preference for high-value crops and nutrition rich diet. The rising demand for fruits and vegetables, owing to the rising population all over the world, is expected to provide a further impetus to the segment growth.
The Asia Pacific to Account for a Significant Share in the Water Soluble Fertilizers Market
The Asia Pacific is likely to witness a significant growth rate over the forecast period owing to the presence of densely populated economies such as India, China, Pakistan, Vietnam, and Bangladesh in the region. The increased demand for raw materials in the food industry and the growing focus on food security and sustainability in emerging economies are expected to further aid the market growth. Moreover, the favourable government initiatives to support the agriculture industry are expected to further propel the industry growth in the region.
Water Soluble Fertilizer: Market Segmentation
Water soluble fertilizer is defined as a fertilizer that can be easily dissolved in water, and, thus, is added to the soil to increase its productivity. It is a multi-compound fertilizer, which can be easily absorbed by the crops. Further, its absorption and utilisation is relatively high as compared to the conventional chemical fertilizers.
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Based on form, the market is divided into:
- Liquid
- Dry
On the basis of product, the industry is segmented into:
- Nitrogenous
- Phosphatic
- Potassic
- Others
The major types of nitrogenous fertilizers are:
- Urea
- Ammonia
- Ammonium Nitrate
- Urea-Ammonium Nitrate
- Others
The different types of phosphatic fertilizers are:
- Phosphoric Acid
- Monopotassium Phosphate
- Monoammonium Phosphate
- Diammonium Phosphate
- Others
The major types of potassic fertilizers are:
- Potassium Chloride
- Potassium Nitrate
- Potassium Sulphate
- Others
On the basis of mode of application, the market is divided into:
- Foliar
- Fertigation
By crop type, the industry can be segmented into:
- Field Crops
- Horticultural Crops
- Plantation
- Turf and Ornamentals
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Focus on Food Security and Sustainability to Boost the Growth of the Water Soluble Fertilizers Industry
The global water soluble fertilizers industry is driven by the increasing demand for food in order to feed the growing population of the world. The water soluble fertilizers are an essential component in the agriculture industry as they prevent nutritional deficiency in crops and reduce the risk of crop loss. The use of these fertilizers provides the sufficient amount of nutrients required for the healthy growth of crops, thus, enhancing the quality of the yield produced, which is further required for human consumption. Over the forecast period, the market is expected to be further propelled by the increasing adoption of modern irrigation techniques by farmers, which require a significant amount of water soluble fertilizers.
Key Industry Players in the Global Water Soluble Fertilizers Market
The report gives a detailed analysis of the following key players in the global water soluble fertilizers market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- ICL Fertilizers
- Nutrien Ltd.
- Haifa Group
- Uralchem, JSC
- Yara International ASA
- Ako Kasei Co., Ltd.
- COMPO EXPERT GmbH
- K+S Aktiengesellschaft
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Form |
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| Breakup by Product |
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| Breakup by Mode of Application |
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| Breakup by Crop Type |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Water Soluble Fertilizers Market Analysis
8.1 Key Industry Highlights
8.2 Global Water Soluble Fertilizers Historical Market (2018-2023)
8.3 Global Water Soluble Fertilizers Market Forecast (2024-2032)
8.4 Global Water Soluble Fertilizers Market by Form
8.4.1 Liquid
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Dry
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Water Soluble Fertilizers Market by Product
8.5.1 Nitrogenous
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.1.3 Types of Nitrogenous Fertilizers
8.5.1.3.1 Urea
8.5.1.3.1.1 Historical Trend (2018-2023)
8.5.1.3.1.2 Forecast Trend (2024-2032)
8.5.1.3.2 Ammonia
8.5.1.3.2.1 Historical Trend (2018-2023)
8.5.1.3.2.2 Forecast Trend (2024-2032)
8.5.1.3.3 Ammonium Nitrate
8.5.1.3.3.1 Historical Trend (2018-2023)
8.5.1.3.3.2 Forecast Trend (2024-2032)
8.5.1.3.4 Urea-Ammonium Nitrate
8.5.1.3.4.1 Historical Trend (2018-2023)
8.5.1.3.4.2 Forecast Trend (2024-2032)
8.5.1.3.5 Others
8.5.2 Phosphatic
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.2.3 Types of Phosphatic Fertilizers
8.5.2.3.1 Phosphoric Acid
8.5.2.3.1.1 Historical Trend (2018-2023)
8.5.2.3.1.2 Forecast Trend (2024-2032)
8.5.2.3.2 Monopotassium Phosphate
8.5.2.3.2.1 Historical Trend (2018-2023)
8.5.2.3.2.2 Forecast Trend (2024-2032)
8.5.2.3.3 Monoammonium Phosphate
8.5.2.3.3.1 Historical Trend (2018-2023)
8.5.2.3.3.2 Forecast Trend (2024-2032)
8.5.2.3.4 Diammonium Phosphate
8.5.2.3.4.1 Historical Trend (2018-2023)
8.5.2.3.4.2 Forecast Trend (2024-2032)
8.5.2.3.5 Others
8.5.3 Potassic
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.3.3 Types of Potassic Fertilizers
8.5.3.3.1 Potassium Chloride
8.5.3.3.1.1 Historical Trend (2018-2023)
8.5.3.3.1.2 Forecast Trend (2024-2032)
8.5.3.3.2 Potassium Nitrate
8.5.3.3.2.1 Historical Trend (2018-2023)
8.5.3.3.2.2 Forecast Trend (2024-2032)
8.5.3.3.3 Potassium Sulphate
8.5.3.3.3.1 Historical Trend (2018-2023)
8.5.3.3.3.2 Forecast Trend (2024-2032)
8.5.3.3.4 Others
8.5.4 Others
8.6 Global Water Soluble Fertilizers Market by Mode of Application
8.6.1 Foliar
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Fertigation
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Water Soluble Fertilizers Market by Crop Type
8.7.1 Field Crops
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Horticultural Crops
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Plantation
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Turf and Ornamentals
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Others
8.8 Global Water Soluble Fertilizers Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Water Soluble Fertilizers Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Water Soluble Fertilizers Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Water Soluble Fertilizers Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Water Soluble Fertilizers Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Water Soluble Fertilizers Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code: 3102, 3103, 3104)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Price Analysis
17.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 ICL Fertilizers
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Nutrien Ltd.
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Haifa Group
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Uralchem, JSC
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Yara International ASA
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Ako Kasei Co., Ltd.
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 COMPO EXPERT GmbH
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 K+S Aktiengesellschaft
18.2.8.1 Company Overview
18.2.8.2 Product Portfolio
18.2.8.3 Demographic Reach and Achievements
18.2.8.4 Certifications
18.2.9 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Water Soluble Fertilizer Market: Key Industry Highlights, 2018 and 2032
2. Global Water Soluble Fertilizer Historical Market: Breakup by Form (USD Million), 2018-2023
3. Global Water Soluble Fertilizer Market Forecast: Breakup by Form (USD Million), 2024-2032
4. Global Water Soluble Fertilizer Historical Market: Breakup by Product (USD Million), 2018-2023
5. Global Water Soluble Fertilizer Market Forecast: Breakup by Product (USD Million), 2024-2032
6. Global Water Soluble Fertilizer Historical Market: Breakup by Application (USD Million), 2018-2023
7. Global Water Soluble Fertilizer Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Global Water Soluble Fertilizer Historical Market: Breakup by Crop Type (USD Million), 2018-2023
9. Global Water Soluble Fertilizer Market Forecast: Breakup by Crop Type (USD Million), 2024-2032
10. Global Water Soluble Fertilizer Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Water Soluble Fertilizer Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Water Soluble Fertilizer Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Water Soluble Fertilizer Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Water Soluble Fertilizer Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Water Soluble Fertilizer Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Water Soluble Fertilizer Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Water Soluble Fertilizer Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Water Soluble Fertilizer Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Water Soluble Fertilizer Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Water Soluble Fertilizer Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Water Soluble Fertilizer Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Major Exporting Countries by Value
23. Major Importing Countries by Value
24. Major Exporting Countries by Volume
25. Major Importing Countries by Volume
26. North America Historical Price Trends and Forecast (2018-2028)
27. Europe Historical Price Trends and Forecast (2018-2028)
28. Asia Pacific Historical Price Trends and Forecast (2018-2028)
29. Latin America Historical Price Trends and Forecast (2018-2028)
30. Middle East and Africa Historical Price Trends and Forecast (2018-2028)
31. Global Water Soluble Fertilizer Market Structure
Key Questions Answered in the Report
In 2023, the global water soluble fertilizers market attained a value of nearly USD 17.38 billion.
The market is projected to grow at a CAGR of 4.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 26.10 billion by 2032.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the market include the increasing focus on food security, rising awareness regarding the benefits of water soluble fertilizers, and favourable initiatives by multiple governments to strengthen the agriculture sector, particularly in emerging economies.
The key trends of the market include the advancements in the agriculture industry and the increasing adoption of modern agricultural practices by farmers.
Liquid and dry are the major forms of water soluble fertilizers.
Nitrogenous, phosphatic, and potassic, among others are the different products available in the market.
Foliar and fertigation are the significant applications of water soluble fertilizers.
Field crops, horticultural crops, plantation, and turf and ornamentals, among others are the different crop types.
The key players in the global water soluble fertilizers market are ICL Fertilizers, Nutrien Ltd., Haifa Group, Uralchem, JSC, Yara International ASA, Ako Kasei Co., Ltd., COMPO EXPERT GmbH, and K+S Aktiengesellschaft, among others.
Analyst Review
The global water soluble fertilizers market attained a value of around USD 17.38 billion in 2023, driven by the growing focus on food security and sustainability, developing agriculture sector, and increasing global population. Aided by the technological advancements in the irrigation techniques, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4.8%. The market is projected to reach USD 26.10 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on form, the market is divided into liquid and dry. On the basis of product, the market is divided into nitrogenous, phosphatic, and potassic, among others. Among these, while the nitrogenous segment is further divided into urea, ammonia, ammonium nitrate, and urea-ammonium nitrate, among others, the phosphatic segment is further categorised into phosphoric acid, monopotassium phosphate, monoammonium phosphate, and diammonium phosphate, among others. The potassic segment is also sub-divided into potassium chloride, potassium nitrate, and potassium sulphate, among others. The significant applications of the product include foliar and fertigation. By crop type, the industry can be divided into field crops, horticultural crops, plantation, and turf and ornamentals, among others. The major regional markets for water soluble fertilizers are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include ICL Fertilizers, Nutrien Ltd., Haifa Group, Uralchem, JSC, Yara International ASA, Ako Kasei Co., Ltd., COMPO EXPERT GmbH, and K+S Aktiengesellschaft, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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