Water-Soluble Fertilizers Market Size, Share, Growth Report 2032

Water-Soluble Fertilizers Market Insights

According to a report from Zion Market Research, the global Water-Soluble Fertilizers Market was valued at USD 1577.31 Million in 2023 and is projected to hit USD 2875.52 Million by 2032, with a compound annual growth rate (CAGR) of 6.9% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Water-Soluble Fertilizers Market industry over the next decade.

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Market Overview

The Global Water-Soluble Fertilizers Market accounted for USD 14,262.8 Million in 2020 and is expected to reach USD 21,092.1 Million by 2028, growing at a CAGR of 5.2 % from 2021 to 2028.

The Water-Soluble Fertilizers are immediate providers of nutrients to soil, to increase the production of essential food crops across globe. With the increasing demand of food security and growing population with limited land to farm, the use of Water-Soluble Fertilizers is growing continuously. The need of efficient fertilizers to provide crops with needed nutrients in a much regulated manner is fueling the use of Water-Soluble Fertilizers.

Water-Soluble Fertilizers were used earlier in developed nations to increase their crop productivity but these have also become a very prominent part in developing nations. These fertilizers can be mixed with water easily applied through fertigation or foliar application. These Water-Soluble Fertilizers has multiple advantages over convention fertilizers as they reduce the usage of water and labor and also increase the outcome.

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COVID-19 Impact Analysis

The global Water-Soluble Fertilizers Market has witnessed a downturn in the sales for short term owing to the hindered possibilities of not being manufactured in various countries due to lockdown enforcement. The decline in demand of agricultural product has also led to decline for Water-Soluble Fertilizers. However, the world markets are slowly opening to their full potential and theirs a surge in demand of Water-Soluble Fertilizers. The market would remain sluggish in upcoming year but it is expected to gain momentum due to demand and to resolve the issue of feed security. The restrictions imposed by various nations to contain COVID had stopped the production resulting in a disruption across the whole supply chain.

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Growth Factors

Water-Soluble Fertilizers are special fertilizers that completely dissolve in the water and then be added to the soil. The soaring demand of food supply from developed and developing nations are set to boost the market. The developing countries like India, china, Brazil have a vast population to feed. With the conventional fertilizers which is slow and time consuming. The Water-Soluble Fertilizers is need of the hour which will drive the Water-Soluble Fertilizers market in coming years.

Easy application of Water-Soluble Fertilizers with productive crops helps small farmers in developing nations to increase their revenue in long run. As the arable land are depleting day by day to urbanization, soil erosion and others, the demand for Water-Soluble Fertilizers is forecasted to increase reasonably.

Water-Soluble Fertilizers are very suitable with irrigation technology, this not only saves water but also fertilizers and labor cost. This is safe as compared to chemical fertilizers. It does not harm the corps and land.

Water-Soluble Fertilizers Market: Report Scope

Type Segment Analysis Preview

Nitrogenous segment held a share of around 56.84% in 2020. This is attributable to high application by farmers to improve the soil quality and the end product. The urea phosphate is one of the key nitrogenous ingredients. It is used by farmers for agricultural purpose as well as animal feed.

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Crop Segment Analysis Preview

Field segment holds 62.19% of share in the global market in 2020. This is attributable to the food requirement around the globe and as farming land are depleting, Water-Soluble Fertilizers help to grow their productivity. This is one of the main reasons accounting for growth in Water-Soluble Fertilizers market.

Fertigation is the injection of fertilizers, used for soil amendments, water amendments and other water-soluble products into an irrigation system. This technic is now a day used a lot by small and median farmers.

Regional Analysis Preview

The APAC region held a share of XX% in 2020. This is attributable to the presence of top companies such as Mosaic Company, PotashCorp, Haifa, Agrium, eurochem and among others. Moreover, the increasing usage of Water-Soluble Fertilizers in APAC region is because it is one of the largest crop producing area and a huge population to feed.

The Asia Pacific region is projected to grow at a CAGR of 29.51% over the forecast period. This surge is due to the increasing adoption of modern technic by farmers. Micronutrients markets are also on a rise as the demand for premium and organic product are increasing.

The European Water-Soluble Fertilizer market is very dominant and had been accounted for about 32.19% in 2020. The North American Water-Soluble fertilizer market is also growing in response to investments made by prominent player of the market.

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Key Market Players & Competitive Landscape

Some of key players in Water-Soluble Fertilizers market Mosaic Company, PotashCorp, Haifa, Agrium, eurochem, Iowa Fertilizer Company, QAFCO (Qatar Fertiliser Company), Yara International, Israel Chemicals Ltd, COMPO EXPERT, Coromandel International, Nutrien Ltd, Aries Agro Limited and among others. 

Potash Corporation (PotashCorp) has merger of equals with Agrium Inc. (Agrium) and Nutrien Ltd. (Nutrien) around early 2018, creating the world’s premier provider of crop inputs and services.

The global water-soluble fertilizers market is segmented as follows:

By Type

• Nitrogenous
• Phosphatic
• Potassic
• Micronutrients

By Application

• Fertigation
•  Foliar

BY Crop

• Field
• Horticultural
• Turf

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa