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Water-Soluble Fertilizers Market Growth to be Driven by Emerging Trends | $20.36 Billion by 2029
Water-Soluble Fertilizers
What is the Projected Market Size of the Water-Soluble Fertilizers Industry?
The market size of water-soluble fertilizers has been experiencing a gradual increase in recent years. An uptick from $15.16 billion in 2024 to $15.72 billion in 2025, at a compound annual growth rate (CAGR) of 3.7%, is expected. The progression in the historical timeframe is credited to the growing awareness about crop nutrition needs, the expansion of greenhouse and hydroponic farming, government incentives and subsidies, a shift toward sustainable farming practices, and better accessibility to agricultural information.
What Will Be the Size of the Water-Soluble Fertilizers Market by 2029?
The market for water-soluble fertilizers is anticipated to experience considerable growth in the forthcoming years, with estimates predicting a value of $20.36 billion in 2029 at a compound annual growth rate (CAGR) of 6.7%. Factors contributing to this growth within the projection period include an increase in global population and food demand, an accentuated focus on the effectiveness of nutrients and crop production, the development of controlled environment agriculture, and a market trend focused on sustainable farming. Noteworthy trends expected during this forecast period encompass the adoption of precision farming, advancements in technology for formulations, an increased demand for premium quality crops, a heightened focus on ecological sustainability, and a shift towards hydroponic and fertigation systems.
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What Are the Key Drivers Accelerating Growth in the Water-Soluble Fertilizers Market?
The growing demand for water-soluble fertilizers is anticipated to spur the expansion of the corresponding market in the near future. These fertilizers, which can dissolve readily in water and are administered directly to the plants, have been gaining traction due to their easy nutrient management and low susceptibility to leaching and erosion. For instance, in June 2022, the House of Lords Library- an information resource for the upper chamber of the UK's Parliament, reported a hike of 165% in Potash fertiliser costs while phosphate fertiliser prices soared between 120% to 128%, subject to variation. Hence, the escalating demand for water soluble fertilisers is fuelling the market growth.
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How Is the Water-Soluble Fertilizers Market Segmented by Type, Application, and Region?
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
What Are the Key Trends Driving Growth in the Water-Soluble Fertilizers Market?
In the water-soluble fertilizers market, the prevalent trend is oriented towards product innovation. Key firms in this market have their focus centered on designing inventive products to fortify their stance. As an example, in July 2022, a chemical company from Chile, SQM which supplies iodine, lithium, industrial chemicals and plant nutrients, introduced a new water-soluble fertilizer named Ultrasoline K Plus into the market. Ultrasoline K Plus, an amalgamation of iodine, nitrogen at a composition of 13.7%, and 46.3% potassium, comes backed by over a hundred field-tests conducted with agriculturalists. Ultrasoline K Plus allows crops to prevent iodine deficiency without the risk of excess iodine application. The product is crafted via an environmentally friendly approach which leads to 40% less production of green house emissions, while also addressing international market demands.
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Who Are the Leading Companies Driving Growth in the Water-Soluble Fertilizers Market?
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 Is the Leading Region in the Global 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
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