Water Soluble Fertilizers Market Forecast | 2022-2028

Market Insights

The Water Soluble Fertilizers Market was expected to grow from US$ 7.46 Billion in 2021 to US$ 12.07 Billion by 2028 at a CAGR of 7.05% during the forecast period of 2022-2028.

Wish to get a free sample of this study? Click here.

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.

Key Players

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

Market Drivers

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. 

Segment Analysis

By Form Type

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.

The market is segmented as dry and liquid. 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 Nitrogenous segment is expected to be the leading segment of the market over the forecast period.

The market is segmented into nitrogenous, micronutrient, phosphatic, and potassium. 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 Foliar segment is expected to be the leading mode of application during the forecast period.

The market is segmented as foliar and fertigation. 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.

By Region

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.

Stuck in a neck-to-neck competition with other brands? Request a custom report

The Water Soluble fertilizers market is segmented into the following categories.

By Form Type

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

By Product Type

• Nitrogenous
  • Regional: North America, Europe, Asia-Pacific, and RoW
  • Type: Urea, Ammonium Nitrate, and Calcium Nitrate
• Micronutrients
  • Regional: North America, Europe, Asia-Pacific, and RoW
  • Type: Iron, Manganese, and Zinc
• Phosphatic
  • Regional: North America, Europe, Asia-Pacific, and RoW
  • Type: Mono-ammonium Phosphate, Phosphoric Acid, and Mono Potassium Phosphate
• Potassium
  • Regional: North America, Europe, Asia-Pacific, and RoW
  • Type: Potassium Chloride, Potassium Sulfate, and Potassium Nitrate

By Mode of Application Type

• Foliar (Regional: North America, Europe, Asia-Pacific, and RoW)
• Fertigation (Regional: North America, Europe, Asia-Pacific, and RoW)

By Crop Type

• Cereals (Regional: North America, Europe, Asia-Pacific, and RoW)
• Vegetables (Regional: North America, Europe, Asia-Pacific, and RoW)
• Fruits (Regional: North America, Europe, Asia-Pacific, and RoW)
• Plantation (Regional: North America, Europe, Asia-Pacific, and RoW)
• Turf & Ornamentals (Regional: North America, Europe, Asia-Pacific, and RoW)
• Greenhouse Crops (Regional: North America, Europe, Asia-Pacific, and RoW)

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)

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.

The following are the key features of the report:

• Overview, industry life cycle analysis, supply chain analysis.
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Trend and forecast analysis.
• Segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, Technology launches, etc.
• Attractive segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

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.

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.