Press release
Horticulture Crop Boom To Drive Water-Soluble NPK Fertilizer Market: A Significant Driver Propelling The Water Soluble NPK Fertilizers Market In 2025
Water Soluble NPK Fertilizers
What Is the Water Soluble NPK Fertilizers Market Size and Projected Growth Rate?
The market for water soluble npk fertilizers has seen significant growth recently. The size of the market will surge from $13.6 billion in 2024 to $14.49 billion in 2025, representing a compound annual growth rate (CAGR) of 6.5%. The growth observed in the historic period is due to factors such as intensified agriculture, rising global population, a move towards commercial farming, demand for high-value crops, environmental regulations, a rise in horticulture and floriculture, government-driven subsidies and incentives, an increasing awareness of crop nutrition, climate variability and the focus on crop resilience.
The market for water soluble npk fertilizers is predicted to experience robust growth in the coming years, with its valuation anticipated to reach $18.75 billion by 2029, marking a compound annual growth rate (CAGR) of 6.7%. Factors contributing to this growth over the forecast period encompass increased global food necessities, intelligent strategies for climate agriculture, the rising popularity of soilless farming methods, incorporation of biostimulants and micronutrients, economic prosperity, and enhanced agricultural methodologies. The forecast period is also expected to witness trends like hydroponic and soilless cultivation, personalized nutrient combinations, digitalization in farming and agriculture management, micronutrient integration, advanced technological innovations in fertilizer production, precision farming techniques, and specialty crop farming.
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What Are the Major Segments in the Water Soluble NPK Fertilizers Market?
The water soluble npk fertilizers market covered in this report is segmented -
1) By Crop Type: Field Crops, Horticultural Crops, Ornamentals, Other Crop Types
2) By Application: Foliar, Fertigation
Subsegments:
1) By Field Crops: Cereals, Pulses And Legumes, Oilseeds
2) By Horticultural Crops: Fruits, Vegetables, Greenhouse Crops
3) By Ornamentals: Flowering Plants, Foliage Plants, Landscape Plants
4) By Other Crop Types: Turf And Grass, Medicinal Plants, Specialty Crops
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What Are The Driving Water Soluble NPK Fertilizers Market Evolution?
The anticipated increase in horticulture crops demand paves the way for the enlargement of the water-soluble NPK fertilizer market. Horticulture crops, embodying fruits, vegetables, and beautification plants, due to their higher rates of cultivation will require more water-soluble NPK fertilizers. These fertilizers offer water solubility and nutritional benefits promoting plant advancement and productivity. For example, the Department of Agriculture, an Australian government agency, predicted that the gross value of horticulture production would hit an all-time high of $17.8 billion in 2024-25. This surge is expected to be fueled by an increase in fruit and nut yields, which will also amplify local production and export volumes. The global appetite for these commodities is predicted to witness a substantial jump, especially in high-value markets like China, Japan, and Korea. Hence, this surge in horticulture crops demand is expected to catalyze the growth of the water-soluble NPK fertilizers market.
Which Firms Dominate The Water Soluble NPK Fertilizers Market Segments?
Major companies operating in the water soluble npk fertilizers market are Haifa Chemicals Ltd., Yara International ASA, Arab Potash Company, OMEX Agricultural Holdings Limited, Acron Group, Coromandel International Limited, EuroChem Group AG, Hebei Monband Water Soluble Fertilizer Co. Ltd., Indian Farmers Fertiliser Cooperative Limited, ICL Group Ltd., K+S Aktiengesellschaft AG, PhosAgro PJSC, Uralchem Integrated Chemicals Company, Grupa Azoty S.A., Chambal Fertilisers and Chemicals Ltd., Deepak Fertilisers and Petrochemicals Corporation Limited, Nutrien Ltd., Iowa Fertilizer Company, Qatar Fertiliser Company, Israel Chemical Limited, Sociedad Quimica Y Minera SA, BMS Micro-Nutrients NV, Compo Expert, The Mosaic Company, Gujarat Aksha Fertilizer Company, Tanvi Bio Chemical Pvt Ltd., Volkschem Crop Science Pvt Ltd., Antares Chem Private Limited, Ram Shree Chemicals
What Trends Are Expected to Dominate the Water Soluble NPK Fertilizers Market in the Next 5 Years?
A pivotal trend emerging in the water-soluble NPK fertilizers market is the incorporation of cutting-edge technology. Key players in the market are focusing on integrating novel technologies into their fertilizers to enhance root growth and resistance to disease, maintaining their dominance in the market. For illustration, ICL Growing Solutions, a company located in Israel, rolled out a novel series of advanced foliar and fertigation substances in North America in June 2023 under their Nova brand of water-soluble fertilizers, which features key products like Nova FINISH, Nova PULSE, Nova ELEVATE, and Nova FLOW. These water-soluble NPK fertilizers are specially formulated to boost plant development, enhance fruit quality, and regulate nutrient distribution.
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Which Is The Largest Region In The Water Soluble NPK Fertilizers Market?
Europe was the largest region in the water soluble NPK fertilizers market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the water soluble NPK fertilizers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Water Soluble NPK Fertilizers Market?
2. What is the CAGR expected in the Water Soluble NPK Fertilizers Market?
3. What Are the Key Innovations Transforming the Water Soluble NPK Fertilizers Industry?
4. Which Region Is Leading the Water Soluble NPK Fertilizers Market?
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