Water-Soluble Fertilizers Market Growth and Forecast 2031

The water-soluble fertilizers market size is projected to reach US$ 17.32 billion by 2031 from US$ 10.46 billion in 2023. The market is expected to register a CAGR of 6.5% in 2023–2031. The growing demand for water-soluble nutrients is likely to remain key water-soluble fertilizers market trends.

Water-Soluble Fertilizers Market Analysis

The major factor driving the water-soluble fertilizers market size is the growing adoption of water-soluble fertilizers due to their various advantages. Water-soluble fertilizers are dissolved in water and are applied directly to the plant through drip irrigation and foliar application in order to increase nutrient use efficiency. Water-soluble fertilizers exhibit a range of desirable properties. Water-soluble fertilizers have superior purity, overall handling properties, efficacy as plant nutrients, and long-term thermal stability as compared to other formulations.

Water-Soluble Fertilizers Market Overview

Water-soluble fertilizers are fertilizers that are dissolved in water and applied directly to the plant through foliar application and drip irrigation to increase nutrient use efficiency. The use of drip irrigation helps to reduce nitrous oxide emissions compared to other irrigation systems, like furrows and sprinklers. The foliar application provides liquid fertilizer directly to the leaves instead of the soil. This is a target-oriented approach, as nutrients are applied directly to plant tissues during critical growth stages. Water-soluble fertilizers are mainly based on the three essential plant macronutrients such as nitrogen, phosphorus, and potassium. Out of the total of sixteen elements needed to sustain plant life, N-P-K is always the leading ingredient of water-soluble fertilizers. N-P-K are mobile nutrients and will move downward and upward from the point at which they were taken up with foliar application.

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Water-Soluble Fertilizers Market: Strategic Insights

Water-Soluble Fertilizers Market

• Market Size 2023
  US$ 10.46 Billion
• Market Size 2031
  US$ 17.32 Billion

Market Dynamics

GROWTH DRIVERS

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FUTURE TRENDS

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OPPORTUNITIES

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Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Type

• Nitrogenous
• Phosphatic
• Potassic
• Blends

Form

• Dry and Liquid

Mode of Application

• Foliar and Fertigation

Crop Type

• Cereals and Grains
• Fruits and Vegetables
• Pulses and Oilseeds

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Water-Soluble Fertilizers Market Drivers and Opportunities

Rising Population and Growing Need for Food on a Global Scale

The rising population and the growing need for food on a global scale are also major factors driving the growth of the water-soluble fertilizers market. The global agricultural industry is facing the challenges of feeding a growing population with limited land. Hence, growers across the spectrum are actively looking to increase their capacity to produce healthy crops with higher yields. One of the most important tools in the tool kit of modern farmers is water-soluble fertilizers.

New Product Innovations

The new product innovations in the market are expected to offer more lucrative opportunities for market growth. Players operating in the market are highly focused on developing new and innovative products to fulfil the demand of farmers. They are investing in research and development activities to develop new and innovative products for the farmers.

Water-Soluble Fertilizers Market Report Segmentation Analysis

Key segments that contributed to the derivation of the water-soluble fertilizers market analysis are type, form, mode of application, and crop type.

• Based on type, the water-soluble fertilizers market is segmented into nitrogenous, phosphatic, potassic, blends, and others. The nitrogenous segment held a larger market share in 2023.
• By form, the market is segmented into dry and liquid. The liquid segment held the largest share of the market in 2023.
• In terms of mode of application, the market is segmented into foliar and fertigation. The foliar segment dominated the market in 2023.
• In terms of crop type, the market is segmented into cereals and grains, fruits and vegetables, pulses and oilseeds, and others. The cereals and grains segment dominated the market in 2023.

Water-Soluble Fertilizers Market Share Analysis by Geography

The geographic scope of the water-soluble fertilizers market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

Asia Pacific has dominated the water-soluble fertilizers market. The factors driving the demand for water-soluble fertilizers in the Asia Pacific are rising food consumption, growing demand for high-efficiency fertilizers, and various benefits associated with the use of water-soluble fertilizers. Further, Europe is also one of the major regions for the consumption of water-soluble fertilizers. The agriculture industry in the region is highly adopting innovative technologies. Growing adoption of water-soluble fertilizers due to their benefits and rising food consumption are driving the demand for water-soluble fertilizers in Europe.

Water-Soluble Fertilizers Market Market Report Scope

Water-Soluble Fertilizers Market News and Recent Developments

The water-soluble fertilizers market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for speech and language disorders and strategies:

• ICL, a leading global specialty minerals company, today announced the North American launch of a new line of advanced foliar and fertigation solutions under their Nova brand of water-soluble fertilizers. Flagship products include Nova FINISH, Nova PULSE, Nova ELEVATE, and Nova FLOW. (Source: ICL, News and Event/Company Website/June 2023)
• Agritech firm Zuari FarmHub has partnered with Novozymes South Asia Pvt. Ltd, a world leader in biological solutions, announced the launch of its 100 percent water-soluble fertilizer ‘Poorna Advanced” with innovative LCO Promoter Technology. (Source: THG PUBLISHING PVT LTD., economy/Agri Business/April 2023)

Water-Soluble Fertilizers Market Report Coverage and Deliverables

The “Water-Soluble Fertilizers Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Key future trends
• Detailed Porter’s Five Forces and SWOT analysis
• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
• Detailed company profiles