What is the global market size of Water-Soluble Fertilizer Market?

Water-Soluble Fertilizer Market size was valued at USD 16.31 billion in 2021 and is poised to grow from USD 16.96 billion in 2022 to USD 23.49 billion by 2030, growing at a CAGR of 6% in the forecast period (2023-2030).

Water-Soluble Fertilizer Market Size, Share, Growth Analysis, By Crop Type(Cereals, Vegetables, Fruits, Plantation), By Application(Foliar Sprays, and Fertigation Systems), By Form(Dry [Granules, Powder], Liquid), By Product(Nitrogenous, Micronutrients, Phosphatic, Potassium), By Region - Industry Forecast 2024-2031

Q: What is the key market trend for Global Water-Soluble Fertilizer Market?

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.

Q: Which region accounted for the largest share in Water-Soluble Fertilizer Market?

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.

Report ID: SQMIG30H2051 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 120 | Figures: 77

Water-Soluble Fertilizer Market Insights

Global Water-Soluble Fertilizer Market size was valued at USD 16.96 billion in 2022 and is poised to grow from USD 17.98 billion in 2023 to USD 28.65 billion by 2031, growing at a CAGR of 6% in the forecast period (2024-2031).

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.

Water-Soluble Fertilizer Market Report Snapshots

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Water-Soluble Fertilizer Market size was valued at USD 16.96 billion in 2022 and is poised to grow from USD 17.98 billion in 2023 to USD 28.65 billion by 2031, growing at a CAGR of 6% in the forecast period (2024-2031).

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. 'Agrium Inc.', '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.'

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.

One of the key market trends in the 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 water-soluble fertilizer market in the coming years.

The Asia-Pacific (APAC) region dominated the 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.

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Water-Soluble Fertilizer Market Insights

Water-Soluble Fertilizer Market Report Snapshots

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