Water Soluble Fertilizers Market Analysis | 2024-2030

Market Insights

The water soluble fertilizers market was estimated at USD 18 billion in 2023 and is likely to grow at a CAGR of 6.45% during 2024-2030 to reach USD 27.97 billion in 2030.

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Market Dynamics

Introduction

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.

Market Drivers

The major factors driving the growth of the water soluble fertilizers 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.

Key Players

Some of the key players in the 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

Note: The above list does not necessarily include all the top players in the market.

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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. The 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 foliar 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.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects water soluble fertilizers market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• 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 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

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

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

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)

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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.

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