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Water-Soluble Fertilizers Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Water-Soluble Fertilizers Market Size
The surge in demand for water-soluble fertilizers is predicted to fuel the expansion of the water-soluble fertilizers market in the imminent future. Water-soluble fertilizers are those that readily dissolve in water and are directly applied to the crops. The growing requirement for these kinds of fertilizers is promoting the market growth as they allow simpler nutrient management and are not largely impacted by leaching and erosion. For example, in June 2022, the House of Lords Library, an information resource of the upper chamber of the UK Parliament, stated that Potash fertilizer prices spiked by 165%, whilst phosphate fertilizer prices saw an uptick between 120% to 128%, depending on the variety. Hence, the escalating demand for water-soluble fertilizers is steering the market's growth.
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What Is the projected market size and growth rate for the water-soluble fertilizers market?
The size of the market for water-soluble fertilizers has seen a significant increase in the past few years. The market is projected to rise from $15.16 billion in 2024 to $15.94 billion in 2025, indicating a compound annual growth rate (CAGR) of 5.1%. The market growth during the historical period can be credited to factors such as intensified awareness concerning the nutrient needs of crops, advancement in greenhouse and hydroponic farming techniques, initiatives and subsidies introduced by the government, a shift towards more sustainable farming practices, and an enhanced accessibility to information related to agriculture.
The market for water-soluble fertilizers is projected to experience robust growth in the coming years, reaching a valuation of "$20.89 billion by 2029 with a 7.0% compound annual growth rate (CAGR). The anticipated market expansion during the forecast period can be attributed to factors such as the increase in global population and food needs, a focus on nutrient efficiency and crop productivity, the extension of controlled environment agriculture, and a heightened market focus on sustainable farming methods. The forecast period is also expected to see trends such as the adoption of precision farming, advancements in technology related to formulations, the increasing demand for premium quality crops, a growing focus on achieving environmental sustainability, and a shift towards hydroponic and fertigation systems.
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What new trends are reshaping the water-soluble fertilizers market and its opportunities?
The water-soluble fertilizers sector is witnessing a surge in product innovation, a trend that is steadily gaining traction. Various leading organizations within this sector, such as SQM, a chemical company based in Chile known for its supply of iodine, lithium, industrial chemicals, and plant nutrition solutions, are dedicating resources towards novel product development to consolidate their market position. A case in point is the unveiling of Ultrasoline K Plus, a water-soluble fertilizer by SQM in July 2022. Comprising of iodine, 13.7% nitrogen, and 46.3% potassium, Ultrasoline K Plus has been backed by more than 100 field trials with cultivators. This product allows plants to mitigate iodine deficiency without risk of over-application. Ultrasoline K Plus is also eco-friendly, as its production method generates up to 40% less greenhouse emissions, thereby meeting international market expectations.
What major market segments define the scope and growth of the water-soluble fertilizers market?
The water-soluble fertilizers market covered in this report is segmented -
1) By Type: Nitrogenous, Phosphatic, Potassic, Other Types
2) By Form: Dry, Liquid
3) By Crop Type: Field Crops, Horticultural Crops, Plantation, Turf And Ornamentals, Other Crop Types
4) By Application: Foliar, Fertigation
Subsegments:
1) By Nitrogenous Fertilizers: Urea, Ammonium Nitrate, Calcium Nitrate, Ammonium Sulfate
2) By Phosphatic Fertilizers: Monoammonium Phosphate (MAP), Diammonium Phosphate (DAP), Single Super Phosphate (SSP), Triple Super Phosphate (TSP)
3) By Potassic Fertilizers: Potassium Nitrate, Potassium Sulfate, Muriate Of Potash (KCl)
4) By Other Types: Micronutrient Fertilizers, Organic Water-Soluble Fertilizers, Blended Water-Soluble Fertilizers
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Which region dominates the water-soluble fertilizers market?
Asia-Pacific was the largest region in the water-soluble fertilizers market in 2024. The regions covered in the water-soluble fertilizers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the water-soluble fertilizers industry growth?
Major companies operating in the water-soluble fertilizers market include Nutrien Ltd., Israel Chemicals Ltd, Coromandel International Limited., The Mosaic Company, K+S AKTiengesellschaft, Agrium Inc., Iowa Fertilizer Company, Qatar Fertiliser Company, Israel Chemical Limited, Sociedad Quimica YMinera SA (SQM), Yara International ASA, BMS Micro-Nutrients NV, COMPO EXPERT INDIA PRIVATE LIMITED, Haifa Group, Indian Farmers Fertiliser Cooperative Limited, EuroChem Group AG, UralChem Holding PLC, Sinochem Fertilizer Co. Ltd., Hebei Monband Water Soluble Fertilizer Co. Ltd., Potash Corporation of Saskatchewan Inc, Shandong Kingenta Ecological Engineering Co. Ltd., National Liquid Fertilizer, Arab Potash Company, Omex Agriculture Inc., Everris International B.V., Agafert Srl, Nagarjuna Fertilizers & Chemicals Ltd., Grupa Azoty S.A., Gujarat Agro Industries Corporation Ltd., Zuari Agro Chemicals Limited
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What Is Covered In The Water-Soluble Fertilizers Global Market Report?
• Market Size Forecast: Examine the water-soluble fertilizers market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the water-soluble fertilizers market for a structured understanding.
• Key Players Overview: Analyze major players in the water-soluble fertilizers market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the water-soluble fertilizers market.
• Segment Contributions: Evaluate how different segments drive overall growth in the water-soluble fertilizers market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the water-soluble fertilizers market.
• Industry Challenges: Identify potential risks and obstacles affecting the water-soluble fertilizers market.
• Competitive Landscape: Review strategic developments in the water-soluble fertilizers market, including expansions, agreements, and new product launches.
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