USD 16.96 billion
Water-Soluble Fertilizer Market Size, Share, Growth Analysis, By Type(Nitrogenous, Phosphatic), By Mode of Application(Fertigation, Foliar), By Crop Type (Field Crop, Horticulture Crops,)By Form( Dry, Liquid) By Region - Industry Forecast 2025-2032
Report ID:
SQMIG30H2051 |
Region:
Global |
Published Date: November, 2024
Pages:
198
|Tables:
120
|Figures:
77
Water-Soluble Fertilizer Market Insights
Water-Soluble Fertilizer Market size was valued at USD 17.98 Billion in 2023 and is poised to grow from USD 19.06 Billion in 2024 to USD 30.37 Billion by 2032, growing at a CAGR of 6% during the forecast period (2025-2032).
This market growth is driven by factors such as population growth, rising demand for high-value crops, and increasing adoption of precision farming techniques. In addition, the growing demand for organic and sustainable farming practices is driving the demand for bio-based and eco-friendly water-soluble fertilizers in the region. Based on our in-depth analysis, we found that North America is also a significant market for water-soluble fertilizers, driven by the increasing use of hydroponic and greenhouse farming practices. The report also highlights the increasing demand for organic and bio-based water-soluble fertilizers in both regions. The adoption of advanced technologies such as fertigation and the shift towards organic farming practices are also driving the growth of the market in the region.
US Water-Soluble Fertilizer Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Fruits
Fastest Growth
Fruits
Growth Rate
6% CAGR
Global Water-Soluble Fertilizers Market 2022-2030 ($ Bn)
Country Share for Asia Pacific Region- 2022 (%)
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Water-Soluble Fertilizer Market Segmental Analysis
Global Water Soluble Fertilizers Market is segmented by Type, by Mode of Application, by Crop Type, by Form, and by Region. Based on component, the market is segmented into Nitrogenous, Phosphatic, Potassic, Micronutrient. Based on Mode of Application, the market is segmented into Fertigation, Foliar. Based on Crop Type, the market is segmented into Field Crop, Horticulture Crops, Turf & ornaments, Others. Based on Form, the market is segmented into Dry, Liquid. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Type
By type, the market can be segmented into fruits, and ornamental plants. The fruit crops segment is currently the dominating segment of the water-soluble fertilizer market. This is due to the high demand for fruits in the global food market and the need for efficient and effective fertilizers to optimize yields and quality. Fruits such as citrus, berries, and tropical fruits require precise nutrient management, which can be achieved through the use of water-soluble fertilizers. The market for water-soluble fertilizers in fruit crops is dominated by regions such as North America, Europe, and Asia-Pacific, where the demand for high-value fruits is high.
Analysis by Application
By application, the market can be segmented into foliar sprays, and fertigation systems. The ornamental plants segment is expected to be the fastest-growing segment of the water-soluble fertilizer market in the coming years. This is due to the increasing demand for ornamental plants in the global landscaping and horticulture industry, which requires precise nutrient management for optimal growth and aesthetics. Water-soluble fertilizers are an ideal choice for ornamental plants as they provide quick and efficient nutrient uptake and can be easily applied through irrigation or foliar sprays.
Global Water-Soluble Fertilizers Market Size By Type, 2022 (%)
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Water-Soluble Fertilizer Market Regional Insights
The Asia-Pacific (APAC) region dominated the global water-soluble fertilizer market in terms of consumption and production. The demand for water-soluble fertilizers in China and India is driven by the large population and increasing demand for food. In Japan, the demand for water-soluble fertilizers is driven by the high level of adoption of advanced farming techniques and the need to maximize yields in limited space. With increasing awareness of the benefits of foliar fertilizers and their ability to improve crop quality, the demand for foliar-based water-soluble fertilizers is expected to grow rapidly in the APAC region.
The North American market is expected to be a fastest growing region. The demand for water-soluble fertilizers in the US is driven by the high demand for high-value crops such as fruits, vegetables, and flowers. The US market is also characterized by a high level of adoption of advanced farming techniques, which require the use of water-soluble fertilizers. With increasing awareness of the benefits of micronutrients and their ability to improve plant growth, the demand for micronutrient-based water-soluble fertilizers is expected to grow rapidly.
Global Water-Soluble Fertilizers Market By Geography, 2022-2030
- Largest
- Fastest
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Water-Soluble Fertilizer Market Dynamics
Drivers
Growing demand for high-value crops
- One driver of the water-soluble fertilizers market is the increasing demand for high-value crops and the need for higher crop yields. Water-soluble fertilizers are known for their ability to provide precise and targeted nutrition to plants, resulting in better crop yields and quality. They are also more environmentally friendly, as they reduce the risk of nutrient runoff and groundwater pollution. As a result, farmers and growers are increasingly adopting water-soluble fertilizers to meet the growing demand for high-quality, high-yield crops. This trend is expected to drive the growth of the water-soluble fertilizers market in the coming years.
Restraints
High cost of Water-Soluble Fertilizers
- One potential restraint of using water-soluble fertilizers is their cost. Compared to traditional granular fertilizers, water-soluble fertilizers can be more expensive due to their formulation and production processes. Additionally, their application may require specialized equipment or systems, which can add to the overall cost. This can be a limiting factor for small-scale growers or those with limited budgets. However, the benefits of water-soluble fertilizers, such as their quick absorption and targeted nutrient delivery, may still make them a worthwhile investment for certain crops and growing systems.
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Water-Soluble Fertilizer Market Competitive Landscape
The competitive landscape of the water-soluble fertilizer market is highly fragmented, with a large number of players operating in the market. Some of the prominent players in the market include Yara International, Haifa Group, Nutrien, Israel Chemicals Ltd., and SQM. These players are actively engaged in developing new products, expanding their production capacities, and entering into strategic partnerships and collaborations to gain a competitive edge in the market. However, the market also has several small and medium-sized players, who are focusing on niche segments and regions to expand their market presence.
Top Player’s Company Profiles
- Coromandel International Limited
- EuroChem Group AG
- Haifa Group
- Hebei Monband Water Soluble Fertilizer Co., Ltd.
- ICL Fertilizers
- Israel Chemicals Ltd.
- K+S Aktiengesellschaft
- Nutrien Ltd.
- Nufarm Limited
- Omex Agrifluids Ltd.
- Qatar Fertiliser Company
- Scotts Miracle-Gro Company
- Sociedad Quimica y Minera de Chile S.A.
- SQM Europe N.V.
- Sinochem Group Co., Ltd.
- The Mosaic Company
- Yara International ASA
- Zuari Agro Chemicals Ltd.
- Haifa Chemicals Ltd.
- CF Industries Holdings Inc.
Recent Developments
- Yara declared in July 2023 that it has inaugurated its first water-soluble fertilizer factory in China. The factory will assist Yara China achieve its goal of providing local farmers with sustainable solutions that boost agricultural productivity and profitability both domestically and internationally.
- ICL announced in June 2023 that a new range of cutting-edge foliar and fertigation treatments under their water-soluble Nova brand would be available in North America. Nova FINISH, Nova PULSE, Nova ELEVATE, and Nova FLOW are some of the flagship products. The high solubility of Nova brand foliar and fertigation solutions aids in improving the efficiency with which farmers apply vital nutrients.
- With Novozymes South Asia Pvt. Ltd. as a partner, the agritech company Zuari FarmHub announced in April 2023 the launch of "Poorna Advanced," a 100% water-soluble fertilizer that uses cutting-edge LCO Promoter Technology. The product uses Novozymes' technology, which helps plants absorb nutrients more quickly.
Water-Soluble Fertilizer Key Market Trends
- One of the key market trends in the global water-soluble fertilizer market is the increasing adoption of hydroponic and greenhouse farming practices. These practices allow for efficient use of resources such as water and nutrients, while also enabling year-round crop production. Moreover, the demand for high-quality crops is rising due to growing urbanization and population growth, driving the need for precision agriculture and water-soluble fertilizers. Another trend is the shift towards organic and sustainable farming practices, which is driving the demand for bio-based and eco-friendly water-soluble fertilizers. Overall, these trends are expected to continue driving the growth of the global water-soluble fertilizer market in the coming years.
Water-Soluble Fertilizer Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global water-soluble fertilizers market analysis, the market is driven by factors such as population growth, increasing demand for high-quality food, and the need for sustainable agriculture. Moreover, the demand for organic and eco-friendly water-soluble fertilizers is on the rise, providing a growth opportunity for manufacturers.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 16.96 billion |
| Market size value in 2031 | USD 28.65 billion |
| Growth Rate | 6% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Water-Soluble Fertilizer Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Water-Soluble Fertilizer Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Water-Soluble Fertilizer Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Water-Soluble Fertilizer Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Water-Soluble Fertilizer Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Water-Soluble Fertilizer Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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