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  • Water Soluble Fertilizers Market Growth Analysis | 2022-2028

    Water Soluble Fertilizers Market Growth Analysis | 2022-2028

    Water Soluble Fertilizers Market Growth Analysis | 2022-2028
    Report code - SRAM733 Delivery - 2 Weeks
    Water Soluble Fertilizers Market Size, Share, Trends, Forecast & Growth Analysis &ndas See more...

    Market Insights

    The water soluble fertilizers market was estimated at USD 7.46 billion in 2021 and is likely to grow at a CAGR of 7.05% during 2022-2028 to reach USD 12.07 billion in 2028.

    Water-Soluble-Fertilizers-Market-Insights

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    What are water-soluble fertilizers?

    Water Soluble Fertilizers are compound specialty fertilizers that can be entirely dissolved in water and are easy to add or leach out from the soil. These fertilizers surge the consumption rate as the incorporation of water and fertilizer saves water, fertilizer, and labor.

    Water Soluble Fertilizers Market Report Highlights

    Market Size in 2021

    US$ 7.46 Billion

    Market Size in 2028

    US$ 12.07 Billion

    Market Growth by 2022-2028

    CAGR of 7.05%

    Base Year of Study

    2021

    Trend Period

    2017-2020

    Forecast Period

    2022-2028

    Dominant Region

    Asia-Pacific region accounted for the fastest-growing market share during the forecast period.

    Key Players

    Some of the key players in the market are-

    Market Dynamics

    The prime factors that are contributing to the growth of the market are-

    • Growing adoption of specialty fertilizers to meet the intensifying food demand.
    • The many advantages of Water Soluble fertilizers over conventional fertilizers include higher crop harvest and nutrient accessibility in the soil.
    • The escalating population and the growing demand for food globally will primarily drive the market demand shortly. 

    Water-Soluble-Fertilizers-Market-Dynamics

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    Segment Analysis

    By Form Type

    The water soluble fertilizers market is segmented as dry and liquid. Dry water soluble fertilizers are estimated to witness a strong growth rate in the market, during the forecast period, owing to their extensive usage in agriculture, horticulture, and gardening activities. These fertilizers are further categorized as granules and powder. The attributes of dry water-soluble fertilizers, such as easy storage and prolonged shelf life, will likely fuel the product demand during the forecast period.

    By Product Type

    The market is segmented into nitrogenous, micronutrient, phosphatic, and potassium. The nitrogenous segment is expected to be the leading segment of the market over the forecast period. This segment growth is due to its prevalent usage in oilseeds and grain plantations. On the other hand, the micronutrients segment is expected to grow faster than the other product types due to the depletion of micronutrients from the soil over the past few years due to the growing usage of NPK fertilizers comprising lesser amounts of micronutrient impurities and high-yield crop demand. The growing demand for micronutrients will drive the segment growth over the forecast period.

    By Mode of Application Type

    The market is segmented as foliar and fertigation. The Foliar segment is expected to be the leading mode of application during the forecast period. The Foiler segment is driven by the reason that it is an eco-friendly process that diminishes the discharge of nitrates and other elements into the environment, lessens water pollution, and upholds soil productivity.

    Regional Insights

    Asia-Pacific is estimated to be the leading region in the market for water-soluble fertilizers during the forecast period. The region’s growth is owing to the growing demand from highly populated economies such as China, India, Pakistan, Vietnam, and Bangladesh. Additionally, investment inflows and subsidies from governments to the fertilizer industry are further expected to fuel product adoption in the regional market over the forecast period. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

    Water-Soluble-Fertilizers-Market-Regional-Insights

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    Critical Questions Answered in the Report

    • What are the key trends in the global market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global market?
    • What are the key strategies adopted by the major vendors to lead in the market?
    • What is the market share of the top vendors?

    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The water soluble fertilizers market is segmented into the following categories.

    By Form Type

    • Dry
    • Liquid (Regional: North America, Europe, Asia-Pacific, and RoW)

    By Product Type

    • Nitrogenous
    • Micronutrients
    • Phosphatic
    • Potassium

    By Mode of Application Type

    • Foliar
    • Fertigation

    By Crop Type

    • Cereals
    • Vegetables
    • Fruits
    • Plantation
    • Turf & Ornamentals
    • Greenhouse Crops

    By Region

    • North America (Country: the USA, Canada, and Mexico)
    • Europe (Country: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
    • Asia-Pacific (Country: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
    • Rest of the World (Sub-Region: Latin America, the Middle East, and Others)

    Water-Soluble-Fertilizers-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Water Soluble Fertilizers Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Target Audience

    The following is a list of the customers that the market aims to convert the most:

    • Manufacturers
    • Suppliers
    • Distributors
    • Organizations
    • Government bodies

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Water soluble fertilizers are compound specialty fertilizers that can be entirely dissolved in water and are easy to add or leach out from the soil. These fertilizers surge the consumption rate as the incorporation of water and fertilizer saves water, fertilizer, and labor.

    The water soluble fertilizers market was estimated at USD 7.46 billion in 2021.

    The water soluble fertilizers market is likely to reach USD 12.07 billion in 2028.

    The water soluble fertilizers market is likely to grow at a CAGR of 7.05% during 2022-2028.

    Some of the key players in the water soluble fertilizers market are- Agafert Srl, Coromandel International Limited, Everris, Haifa Group, Israel Chemical Ltd. (ICL), K+S AG, Nutrien, Sinochem Corporation, The Mosaic Company, Yara International ASA.

    Asia-Pacific held the largest share of the market in 2021 as well as the fastest-growing market for Drone Service during the forecast period.

    The prime factor that is contributing to the growth of the market are- Growing adoption of specialty fertilizers to meet the intensifying food demand. The many advantages of Water Soluble fertilizers over conventional fertilizers such as higher crop harvest and nutrient accessibility in the soil. The escalating population and the growing demand for food globally will primarily drive the water soluble fertilizers market demand shortly.

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