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2025 Water-Soluble Fertilizers Market Outlook: Key Indicators Shaping Growth Through 2034
Water-Soluble Fertilizers Market
What Will the Water-Soluble Fertilizers Industry Market Size Be by 2025?
The market size for water-soluble fertilizers has seen robust growth in the past few years. The market is projected to increase from $15.16 billion in 2024 to $15.94 billion in 2025, with a compound annual growth rate (CAGR) of 5.1%. The significant growth during the historic period could be attributed to the escalating awareness regarding the nutrient requirements for crops, increased adoption of greenhouse and hydroponic farming, government schemes and subsidies, a shift towards sustainable farming, and improved accessibility to agricultural information.
What's the Long-Term Growth Forecast for the Water-Soluble Fertilizers Market Size Through 2029?
The market for water-soluble fertilizers is predicted to experience substantial expansion in the forthcoming years, reaching a valuation of "$20.89 billion by 2029, with a compound annual growth rate (CAGR) of 7.0%. This anticipated development during the projection period can be linked to the increasing global population and subsequent food demand, concentration on nutrient effectiveness and crop yield, growth in controlled environment agriculture, and the market's focus on sustainable farming. Key trends throughout this period include the embracing of precision farming, technological progress in formulations, burgeoning demand for premium quality crops, growing stress on environmental sustainability, and a shift towards hydroponic and fertigation systems.
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What Are the Key Growth Drivers Fueling the Water-Soluble Fertilizers Market Expansion?
The escalating demand for water-soluble fertilizers due to their propensity to dissolve easily in water and direct application to crops is projected to fuel the growth trajectory of the water-soluble fertilizers market. This type of fertilizer offers significant advantages, such as simplified nutrient management and minimal susceptibility to erosion and leaching, thereby broadening the market scope. In a notable development in June 2022, the House of Lords Library, an information center for the upper chamber of the UK's Parliament, reported a significant upsurge in potash and phosphate fertilizer prices by 165% and 120% to 128%, respectively. This variability influenced the growing demand for water-soluble fertilizers, consequently driving the market advancement.
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What Are the Key Trends Driving Water-Soluble Fertilizers Market Growth?
The trend of product innovation is gaining traction in the water-soluble fertilizers market. Many of the major companies in this market are focusing on creating new and innovative products to solidify their market standing. For instance, in July 2022, SQM, a chemical company based in Chile and known for providing iodine, lithium, industrial chemicals, and plant nutrition, released a new water-soluble fertilizer called Ultrasoline K Plus. This product incorporates iodine, 13.7% nitrogen, and 46.3% potassium, and its effectiveness has been substantiated by over 100 field tests with growers. With Ultrasoline K Plus, it is possible for crops to avoid iodine deficiencies without the risk of overapplication. Moreover, Ultrasoline K Plus is produced through an environmentally conscious process, which results in up to 40% less greenhouse gas emission, fulfilling the requirements of global markets.
How Is the Water-Soluble Fertilizers Market Segmented?
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 Companies Are Leading the Charge in Water-Soluble Fertilizers Market Innovation?
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
Which Regions Are Leading the Global Water-Soluble Fertilizers Market in Revenue?
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
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