Global Water Soluble Fertilizer Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Product;

Nitrogenous, Potassium, Phosphatic, Micronutrients and Secondary nutrients.

By Crop Type;

Field, Horticultural, Plantation and Turf & ornamental.

By Application;

Fertigation and Foliar.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn139955111 Published Date: February, 2024 Updated Date: March, 2024

Introduction

Global Water Soluble Fertilizer Market (USD Million), 2020 - 2030

In the year 2023, the Global Water Soluble Fertilizer Market was valued at USD 8,291.68 million. The size of this market is expected to increase to USD 13,489.81 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 7.2%.

The Global Water Soluble Fertilizer Market has witnessed significant growth in recent years due to its effectiveness in enhancing crop yield and quality. Water-soluble fertilizers are easily dissolved in water and can be directly applied to plants, ensuring efficient nutrient absorption. This feature makes them particularly suitable for hydroponic and fertigation systems, where nutrients are supplied directly to the plant roots. As a result, water-soluble fertilizers have gained popularity among farmers and agricultural professionals worldwide.

One of the key factors driving the demand for water-soluble fertilizers is the increasing focus on sustainable agricultural practices. With growing concerns about soil degradation and environmental pollution, farmers are seeking alternative fertilization methods that minimize nutrient runoff and optimize resource use. Water-soluble fertilizers offer a targeted approach to nutrient delivery, reducing the risk of over-fertilization and minimizing environmental impact. This has led to their adoption across various cropping systems, including fruits, vegetables, and field crops.

The adoption of water-soluble fertilizers is also being propelled by the expansion of greenhouse and controlled environment agriculture (CEA) facilities. These advanced farming techniques require precise control over nutrient levels to maximize yield and quality. Water-soluble fertilizers provide a convenient solution for delivering nutrients directly to plants' root systems, allowing growers to customize nutrient formulations based on crop requirements and growth stages. As the demand for high-value crops continues to rise, the use of water-soluble fertilizers in greenhouse and CEA operations is expected to grow further.

The globalization of food production and the increasing demand for high-quality produce have contributed to the expansion of the water-soluble fertilizer market. With changing dietary preferences and the rise of urbanization, there is a greater emphasis on improving crop productivity and nutritional value. Water-soluble fertilizers offer a practical means of achieving these objectives by supplying essential nutrients in a readily available form. This has led to their widespread adoption in intensive farming systems worldwide, driving the growth of the global water-soluble fertilizer market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Crop Type
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Water Soluble Fertilizer Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Expansion of High-Value Crop Cultivation
        2. Growing Awareness about Nutrient Management
        3. Technological Advancements
        4. Increasing Adoption of Precision Agriculture
      2. Restraints
        1. High Initial Investment
        2. Complexity of Application
        3. Water Availability and Quality
        4. Environmental Concerns
      3. Opportunities
        1. Rising Demand for High-Quality Produce
        2. Expansion of Controlled Environment Agriculture (CEA)
        3. Technological Innovations and Product Development
        4. Expansion of Irrigated Cropping Systems
        5. Growing Adoption of Precision Agriculture
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Water Soluble Fertilizer Market, By Product, 2022 - 2032 (USD Million)
      1. Nitrogenous
      2. Potassium
      3. Phosphatic
      4. Micronutrients
      5. Secondary nutrients
    2. Global Water Soluble Fertilizer Market, By Crop Type, 2022 - 2032 (USD Million)
      1. Field
      2. Horticultural
      3. Plantation
      4. Turf & ornamental
    3. Global Water Soluble Fertilizer Market, By Application, 2022 - 2032 (USD Million)
      1. Fertigation
      2. Foliar
    4. Global Water Soluble Fertilizer Market, By Geography, 2022 - 2032 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Agrium Inc.
      2. Yara International ASA
      3. Israel Chemical Ltd.
      4. Haifa Chemicals
      5. The Mosaic Company
      6. Coromandel International
      7. Hebei Monband
      8. Sinochem Fertilizer Company
      9. TATA Chemicals
      10. Potash Corp
      11. Iowa Fertilizer
      12. Qatar Fertilizer Company
  7. Analyst Views
  8. Future Outlook of the Market

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