Water-soluble Fertilizers Market is projected to reach USD 25.1 billion by 2028

"Water-soluble fertilizers market is projected to grow at a CAGR of 6.5% during the forecast period."

According to MarketsandMarkets, the water-soluble fertilizers market size is estimated to be valued at USD 18.3 billion in 2023 and is projected to reach USD 25.1 billion by 2028, recording a CAGR of 6.5% in terms of value. Various factors, such as the rising demand for high-efficiency fertilizers, the increasing adoption of precision farming, and the growing trend of greenhouse vegetable production drive the market.

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Water-soluble fertilizers are widely used in agriculture as they provide essential nutrients for plants' growth and development. They are more effective than conventional fertilizers as they can be easily absorbed by plants, resulting in higher yields and better crop quality. Moreover, they can be easily applied through irrigation systems, making them a preferred choice for fertigation. The adoption of precision farming techniques such as drip irrigation and fertigation has increased significantlyas they offer several advantages, such as reduced water and fertilizer use, improved crop yield and quality, and better resource management.

The water-soluble fertilizers market is expected to witness significant growth during the forecast period due to the increasing demand for high-efficiency fertilizers, the adoption of precision farming techniques, and the growing trend of greenhouse vegetable production. Manufacturers are continuously investing and expanding their market to meet the growing demand for water-soluble fertilizers.For example, Israel Chemical Ltd (ICL) expanded its phosphate production by opening a new phosphate recycling unit in the ICL fertilizer production site in Amsterdam, Netherlands.

"By type, the Potassic segment is the largest segment during the forecast period."

Potassium is an essential nutrient plantsrequire to perform various functions like water regulation, stomatal movements, enzyme activation, and photosynthesis. The sector for potassic water-soluble fertilizers is expected to be the largest over the projected period due to the demand for high-value crops such as fruits, vegetables, and flowers. Water-soluble fertilizers provide a convenient and effective way to deliver potassium to plants, as they dissolve easily in water and can be applied through fertigation systems. This has led to a shift in demand due to changing consumer preferences and an increasing need for convenience. Water-soluble fertilizers offer several advantages over traditional fertilizers, such as their ability to dissolve quickly in water and provide a high level of nutrient availability to crops. As a result of these benefits, companies are investing in new water-soluble fertilizer products to meet demand.

"By application, the fertigation segment is expected to grow at the highest growth rate during the forecast period."

Fertigation involves the application of fertilizers through irrigation systems, enabling precise and efficient nutrient delivery to plants. This method of fertilizer application is widely adopted in agriculture, horticulture, and turf care. Water- soluble fertilizers are highly effective in fertigation systems, as they can be easily dissolved and distributed through the irrigation system. They offer advantages over traditional fertilizers, such as improved nutrient uptake, reduced leaching and runoff, and increased crop yields. Additionally, fertigation systems using water-soluble fertilizers enable farmers to customize nutrient delivery based on the specific needs of different crops, resulting in optimal growth and yield. These trends has led to the increased adoption of water-soluble fertilizers in fertigation.

"By crop type, the horticulture segment is expected to grow at the highest growth rate during the forecast period."

The horticulture segment is the largest market for water-soluble fertilizers, and it is estimated to grow at the highest rate during the forecast period. Horticulture includes the cultivation of fruits, vegetables, flowers, and ornamental plants, which require high-quality fertilizers to enhance their growth and productivity. Water-soluble fertilizers are highly effective in providing essential nutrients to horticultural crops in a soluble form, enabling faster and more efficient nutrient uptake. Water soluble fertilizers can be customized to meet the specific nutrient requirements of different horticultural crops, ensuring optimal growth and yield. These flexibility in the application of water-soluble fertilizers have contributed to the increased adoption of water-soluble fertilizers in horticulture.

"By form, the dry segment is expected to dominate the market during the forecast period."

Dry water-soluble fertilizers are widely used due to their benefits, such as easy handling and storage, longer shelf life, and cost-effectiveness. They are available in different forms, such as powder and granules, making it easy for farmers to apply them as per crop requirements. The increasing adoption of advanced farming techniques and the growing demand for high-quality crops are driving the growth of the dry water-soluble fertilizers market. Additionally, the increasing awareness about the benefits of water-soluble fertilizers over traditional fertilizers is further fuelling the demand for dry water-soluble fertilizers. They provide better absorption of nutrients by the crops, improving their overall health and yield, and can be customized as per the specific crops' needs.

Water-soluble fertilizers, a key component of modern agriculture, are undergoing rapid advancements that promise to revolutionize farming practices and contribute to sustainable food production. As the global population grows, and environmental concerns intensify, the future of water-soluble fertilizers holds immense promise in ensuring efficient nutrient delivery, reducing environmental impact, and promoting responsible agricultural practices.

One of the key areas shaping the future of water-soluble fertilizers is precision agriculture. By precisely tailoring nutrient formulations to the specific needs of crops, farmers can optimize plant health and yield while minimizing excess nutrient runoff, which can lead to water pollution. Water-soluble fertilizers enable precise dosing, ensuring that plants receive the right nutrients at the right time, enhancing nutrient use efficiency, and reducing wastage.

Moreover, the future of water-soluble fertilizers lies in the development of eco-friendly formulations. Manufacturers are exploring biodegradable and environmentally benign materials that minimize the ecological footprint of fertilizers. These sustainable solutions align with global efforts to promote responsible agriculture and protect natural resources.

Additionally, water-soluble fertilizers play a crucial role in supporting hydroponic and fertigation systems. These innovative farming methods allow for efficient nutrient uptake by plants, even in water-restricted environments. The versatility and solubility of these fertilizers make them ideal for enhancing the productivity of hydroponic and greenhouse farming, reducing water usage, and maximizing crop yields.

Furthermore, the future of water-soluble fertilizers involves the integration of smart technologies and data-driven approaches. Automated systems and sensor technologies can monitor soil conditions, plant health, and environmental factors in real-time, allowing for adaptive and precise fertilization strategies. Smart fertigation systems optimize nutrient delivery based on real-time data, ensuring sustainable resource management and minimal environmental impact.

In conclusion, the future of water-soluble fertilizers is shaped by innovation, sustainability, and precision. These fertilizers play a crucial role in supporting sustainable agriculture, enabling efficient nutrient delivery, and reducing environmental impact. By embracing eco-friendly formulations and adopting data-driven approaches, the agriculture industry can leverage the potential of water-soluble fertilizers to nourish crops responsibly while preserving the health of our planet for generations to come.

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This release was published on openPR.