Water-Soluble Fertilizer Market Set to Reach USD 33.6 Billion by 2033, Driven by Growing Demand for Efficient and Sustainable Farming

The global water-soluble fertilizer market is poised for strong growth over the next decade. According to a recent market study, the market is projected to rise from USD 18.6 billion in 2024 to USD 33.6 billion by 2033, growing at a compound annual growth rate (CAGR) of 6.8%. This growth is mainly driven by increasing demand for effective and precise fertilization methods in modern agriculture.

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Water-soluble fertilizers are becoming essential tools for farmers seeking to improve crop yields while reducing waste and environmental harm. These fertilizers dissolve quickly in water, making it easier for crops to absorb essential nutrients. This feature makes them highly suitable for use in advanced farming methods such as fertigation and precision farming, where nutrients are applied directly to the root zone in a controlled manner. As a result, farmers can save water, minimize soil damage, and boost productivity.

The adoption of sustainable farming practices is becoming increasingly important across the globe. As the need for food production grows, particularly in regions like India and Southeast Asia, there is rising pressure to use agricultural inputs more efficiently. Water-soluble fertilizers play a key role in addressing these challenges by offering targeted nutrient delivery without excess runoff or wastage.

Coromandel International Ltd.

DCM Shriram Ltd.

Indian Farmers Fertiliser Cooperative Ltd. (IFFCO)

Nagarjuna Fertilizers and Chemicals Ltd.

Gujarat State Fertilizers & Chemicals Ltd.

Captain Polyplast Ltd.

Haifa Negev technologies Ltd.

Yara Fertilisers India Private Limited

Hindchem corporation

ICL Group

Recent government initiatives are also contributing to the growth of the market. On January 1, 2025, the Government of India extended its One-Time Special Package for Di-Ammonium Phosphate (DAP) fertilizers. This move ensures that DAP remains affordable for Indian farmers and highlights the government's commitment to supporting the agriculture sector. Additionally, in July 2024, Russia's leading fertilizer producer, Phosagro, urged India to eliminate its 5% import tax on Russian fertilizers. This request followed Indian Prime Minister Narendra Modi's visit to Moscow, where fertilizer supply was a key discussion point, reflecting the importance of maintaining cost-effective imports.

The global agricultural sector is undergoing a shift, with many countries investing in technologies and practices that promote sustainable food production. According to the OECD-FAO Agricultural Outlook 2024-2033, India and Southeast Asia are expected to lead global food consumption growth by 2033, accounting for 31% of total increase. This growth will be fueled by urbanization and higher household incomes. Meanwhile, China's role in global consumption is predicted to decline due to slower income growth and population trends.

Water-soluble fertilizers are well-positioned to meet the needs of this evolving landscape. Their efficiency and adaptability make them a preferred choice in both developed and emerging agricultural markets. As demand for high-yield farming grows and environmental concerns remain a priority, the market for water-soluble fertilizers is expected to see consistent growth through 2033.

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Water-Soluble Fertilizer Market Market Segmentation Analysis
Calcium Nitrate

NPK

Potassium Nitrate

Potassium Sulphate

Others

Fertigation

Foliar

Horticulture

Ornamental

Field Crop

Others

Emergen Research remains committed to delivering future-ready insights for businesses seeking to stay ahead in the rapidly changing agricultural sector. With over eight years of experience, the firm offers reliable market sizing, competitive intelligence, and strategic consulting to support informed decision-making.

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