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The Impact Of Commercial Agriculture On The Nitrogenous Water-Soluble Fertilizer Market: Transformative Forces Shaping the Nitrogenous Water Soluble Fertilizer Market Landscape in 2025
Nitrogenous Water Soluble Fertilizer
What Will the Nitrogenous Water Soluble Fertilizer Industry Market Size Be by 2025?
The market size of water soluble nitrogenous fertilizer has seen considerable growth in the past few years. Its market size is forecasted to increase from $65.1 billion in 2024 to $69.63 billion in 2025, with a compound annual growth rate (CAGR) of 7.0%. The growth experienced in the previous period can be linked to factors like agricultural preferences and consciousness, crop nutrient necessities, research and development initiatives, competitive market conditions, and the yield and quality of crops.
What's the Long-Term Growth Forecast for the Nitrogenous Water Soluble Fertilizer Market Size Through 2029?
The market size for water soluble nitrogenous fertilizer is set to experience robust expansion in the coming years, with projections indicating it will reach "$92.2 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.3%. The anticipated growth during this forecast period can be associated with factors such as increasing population and food requirement, focus on environmental sustainability, rise in precision farming, impact of climate change, and enhanced awareness and education. Notable trends during the forecast period are expected to encompass market accessibility, bespoke fertilization schemes, urban farming and greenhouses, adoption of hydroponics and soilless agriculture, and emphasis on crop nutrition.
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What Are the Key Growth Drivers Fueling the Nitrogenous Water Soluble Fertilizer Market Expansion?
The expansion of the nitrogenous water-soluble fertilizer market is predicted to accelerate due to the rising acceptance of commercial agriculture. Agriculture denotes the large-scale cultivation of crops and breeding of livestock for sale and profit-making. Nitrogenous water-soluble fertilizers are commonly used in agricultural practices for nutrient management, stimulating the enlargement of the nitrogenous water-soluble fertilizer market. As an example, in May 2022, the GOV.UK, an official statistics website run by the UK government, revealed that the total income from crop output rose by $11,782 million while livestock output income rose by $17,626 million in 2021. Hence, the increasing prominence of commercial agriculture is fuelling the expansion of the nitrogenous water-soluble fertilizer market.
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What Are the Key Trends Driving Nitrogenous Water Soluble Fertilizer Market Growth?
Technological innovations are shaping the nitrogenous water-soluble fertilizer market. In September 2022, Norway-based Yara International launched the YaraIrix system, which includes a free mobile app and hardware tools to help farmers calculate crop nitrogen needs. The app, supported by N-Tester Clip or Bluetooth N-Tester, provides real-time fertilizer recommendations based on plant measurements.
How Is the Nitrogenous Water Soluble Fertilizer Market Segmented?
The nitrogenous water soluble fertilizer market covered in this report is segmented -
1) By Type: Macroelement WSF, Microelement WSF, Other Types
2) By Crop Type: Field Crops, Horticultural Crops, Turf And Ornamentals, Other Crop Types
3) By Form: Dry, Liquid
4) By Application: Foliar, Fertigation
Subsegments:
1) By Macroelement WSF: Urea, Ammonium Nitrate, Calcium Nitrate, Potassium Nitrate, Ammonium Sulfate
2) By Microelement WSF: Iron (Fe), Zinc (Zn), Manganese (Mn), Copper (Cu), Boron (B), Molybdenum (Mo)
3) By Other Types: Controlled Release Fertilizers, Specialty Fertilizers, Blended Fertilizers
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Which Companies Are Leading the Charge in Nitrogenous Water Soluble Fertilizer Market Innovation?
Major companies operating in the nitrogenous water soluble fertilizer market include Israel Chemicals Ltd., Yara International ASA, K+S AG, Coromandel International Limited, Sociedad Química y Minera de Chile, The Mosaic Company, Nutrien Ltd., COMPO GmbH & Co. KG, EuroChem Group AG, BASF SE, Adama Agricultural Solutions Ltd., Uralchem Group, Nufarm Limited, Qatar Fertilizer Company, Haifa Group, Koch Fertilizer LLC, CF Industries Holdings Inc., Kugler Company, Turf Care Supply Corp., Bunge Limited, Tessenderlo Group, Sinofert Holdings Limited, Deepak Fertilizers and Petrochemicals Corporation Limited, Zuari Agro Chemicals Ltd., Rashtriya Chemicals & Fertilizers Ltd., Apache Corporation, Sinochem Corporation, Mears Fertilizer Inc., Gujarat State Fertilizers & Chemicals Ltd., Saudi Basic Industries Corporation, Brandt Consolidated Inc., Plant Food Company Inc., Greenfeed Agro Sdn Bhd, Wilbur-Ellis Company LLC, Shikefeng Chemical Industry Co. Ltd., Sapec Agro Business SA
Which Regions Are Leading the Global Nitrogenous Water Soluble Fertilizer Market in Revenue?
Europe was the largest region in the nitrogenous water soluble fertilizer market in 2024. The regions covered in the nitrogenous water soluble fertilizer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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