Global Water-soluble Fertilizers Market, Size, Trends, By Fertilizer Type (Nitrogenous, Phosphatic, Potassic, Micronutrients), By Crop Type (Field Crops, Horticulture Crops, Turf & Ornamentals), By Application (Foliar, Fertigation), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa): Global Opportunity Analysis and Industry Forecast, 2023-2030.
Global Water-soluble Fertilizers Market
The Global Water-soluble Fertilizers Market was valued at US$ 17.91 Bn in 2022, estimated to reach US$ 26.84 Bn by 2030, with a CAGR of 5.12% from 2023-2030.
Water-soluble fertilizers are a type of fertilizers that are highly soluble in water and can be easily absorbed by plants. They are formulated to dissolve completely in water, making them easy to apply and quickly available to plants. These fertilizers are commonly used in hydroponic systems, as well as in greenhouse and field crops. Water-soluble fertilizers offer several advantages over traditional fertilizers, including precise control over nutrient delivery, improved nutrient uptake by plants, and reduced environmental impact.
Market Drivers
The global market for water-soluble fertilizers is being driven by the increasing demand for food due to population growth and the need for higher crop yields to meet this demand. Water-soluble fertilizers are known to be highly efficient and provide essential nutrients to plants, which leads to increased yield and quality of crops.
In addition, water-soluble fertilizers are environmentally friendly and easy to use, which has led to their adoption in various agriculture practices. The growing trend towards precision farming and the need for nutrient management in crops have also contributed to the increased demand for water-soluble fertilizers globally.
Market Restraints
The global water-soluble fertilizers market may be impeded by the high cost of water-soluble fertilizers compared to traditional fertilizers, which may discourage some farmers from adopting these products. The availability of cheaper alternatives, such as conventional fertilizers, and the seasonal nature of the agriculture industry can also pose challenges to the growth of the global water-soluble fertilizers market.
Additionally, the lack of awareness and technical knowledge regarding the application and usage of water-soluble fertilizers is also hindering market growth. Moreover, the high levels of salt in some water-soluble fertilizers may cause damage to plants, and overuse can result in leaching, which can lead to environmental pollution.
Market Segmentation
The scope of the global water-soluble fertilizers market covers segmentation based on fertilizer type, crop type, application, and region.
Based on fertilizer type, the market can be segmented into nitrogenous, phosphatic, potassic, and micronutrients. Crop type segmentation includes field crops, horticulture crops, and turf & ornamentals.
Further, the market is segmented into applications, which includes foliar and fertigation.
Regional Analysis
The global water-soluble fertilizers market is segmented into 5 main regions, namely, North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The Asia-Pacific region is expected to witness fast growth in the water-soluble fertilizers market. The region's growth can be attributed to factors such as the increasing population, growing demand for food grains, and rising awareness about the benefits of using water-soluble fertilizers among farmers.
Additionally, the presence of large agricultural economies such as China and India, which have a significant share in global fertilizer consumption, will also drive the market in this region.
Key Players
Yara International ASA, Israel Chemicals Limited, K+S Aktiengesellschaft, Coromandel International Limited, The Mosaic Company, SQM SA, Sinochem Fertilizer Co Ltd, Hebei Monband Water Soluble Fertilizer Co Ltd, Nutrien Ltd, Haifa Chemicals Ltd, EuroChem Group AG, etc.
Market Taxonomy
By Fertilizer Type
• Nitrogenous
• Phosphatic
• Potassic
• Micronutrients
By Crop Type
• Field Crops
• Horticulture Crops
• Turf & Ornamentals
By Application
• Foliar
• Fertigation
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest of Middle East & Africa
Key Questions Addressed by the Report
• What are the key opportunities in the Global Water-soluble Fertilizers Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have the highest growth?
• What are the factors that will impact/drive the market?
• What is the competitive landscape in the industry?
• What is the role of key players in the value chain?
Global Water-soluble Fertilizers Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Water-soluble Fertilizers Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to Recent Energy Crisis
4.2.5 Cumulative Impact due to Nearing Economic Downturn
4.2.6 Post Covid-19 World Supply & Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Water-soluble Fertilizers Market, By Fertilizer Type
5.1 Y-o-Y Growth Comparison, By Fertilizer Type
5.2 Global Water-soluble Fertilizers Market Share Analysis, By Fertilizer Type
5.3 Global Water-soluble Fertilizers Market Size and Forecast, By Fertilizer Type
5.3.1 Nitrogenous
5.3.2 Phosphatic
5.3.3 Potassic
5.3.4 Micronutrients
6 Global Water-soluble Fertilizers Market, By Crop Type
6.1 Y-o-Y Growth Comparison, By Crop Type
6.2 Global Water-soluble Fertilizers Market Share Analysis, By Crop Type
6.3 Global Water-soluble Fertilizers Market Size and Forecast, By Crop Type
6.3.1 Field Crops
6.3.2 Horticulture Crops
6.3.3 Turf & Ornamentals
6.3.4 Printing and Packaging
7 Global Water-soluble Fertilizers Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Water-soluble Fertilizers Market Share Analysis, By Application
7.3 Global Water-soluble Fertilizers Market Size and Forecast, By Application
7.3.1 Foliar
7.3.2 Fertigation
8 Global Water-soluble Fertilizers Market, By Region
8.1 Global Water-soluble Fertilizers Market Share Analysis, By Region
8.2 Global Water-soluble Fertilizers Market Size and Forecast, By Region
8.3 Global Water-soluble Fertilizers Market Trends and Forecast, By Region
9 North America Water-soluble Fertilizers Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Water-soluble Fertilizers Market Share Analysis, By Fertilizer Type
9.3 North America Water-soluble Fertilizers Market Size and Forecast, By Crop Type
9.4 North America Water-soluble Fertilizers Market Size and Forecast, By Application
9.5 North America Water-soluble Fertilizers Market Size and Forecast, By Country
9.5.1 U.S.
9.5.1.1 Market Size and Forecast, By Fertilizer Type
9.5.1.2 Market Size and Forecast, By Crop Type
9.5.1.3 Market Size and Forecast, By Application
9.5.2 Canada
9.5.2.1 Market Size and Forecast, By Fertilizer Type
9.5.2.2 Market Size and Forecast, By Crop Type
9.5.2.3 Market Size and Forecast, By Application
9.5.3 Mexico
9.5.3.1 Market Size and Forecast, By Fertilizer Type
9.5.3.2 Market Size and Forecast, By Crop Type
9.5.3.3 Market Size and Forecast, By Application
10 Europe Water-soluble Fertilizers Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Water-soluble Fertilizers Market Share Analysis, By Fertilizer Type
10.3 Europe Water-soluble Fertilizers Market Size and Forecast, By Crop Type
10.4 Europe Water-soluble Fertilizers Market Size and Forecast, By Application
10.5 Europe Water-soluble Fertilizers Market Size and Forecast, By Country
10.5.1 Germany
10.5.1.1 Market Size and Forecast, By Fertilizer Type
10.5.1.2 Market Size and Forecast, By Crop Type
10.5.1.3 Market Size and Forecast, By Application
10.5.2 France
10.5.2.1 Market Size and Forecast, By Fertilizer Type
10.5.2.2 Market Size and Forecast, By Crop Type
10.5.2.3 Market Size and Forecast, By Application
10.5.3 UK
10.5.3.1 Market Size and Forecast, By Fertilizer Type
10.5.3.2 Market Size and Forecast, By Crop Type
10.5.3.3 Market Size and Forecast, By Application
10.5.4 Russia
10.5.4.1 Market Size and Forecast, By Fertilizer Type
10.5.4.2 Market Size and Forecast, By Crop Type
10.5.4.3 Market Size and Forecast, By Application
10.5.5 Italy
10.5.5.1 Market Size and Forecast, By Fertilizer Type
10.5.5.2 Market Size and Forecast, By Crop Type
10.5.5.3 Market Size and Forecast, By Application
10.5.6 Spain
10.5.6.1 Market Size and Forecast, By Fertilizer Type
10.5.6.2 Market Size and Forecast, By Crop Type
10.5.6.3 Market Size and Forecast, By Application
10.5.7 Rest of Europe
10.5.7.1 Market Size and Forecast, By Fertilizer Type
10.5.7.2 Market Size and Forecast, By Crop Type
10.5.7.3 Market Size and Forecast, By Application
11 Asia Pacific Water-soluble Fertilizers Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Water-soluble Fertilizers Market Share Analysis, By Fertilizer Type
11.3 Asia Pacific Water-soluble Fertilizers Market Size and Forecast, By Crop Type
11.4 Asia Pacific Water-soluble Fertilizers Market Size and Forecast, By Application
11.5 Asia Pacific Water-soluble Fertilizers Market Size and Forecast, By Country
11.5.1 China
11.5.1.1 Market Size and Forecast, By Fertilizer Type
11.5.1.2 Market Size and Forecast, By Crop Type
11.5.1.3 Market Size and Forecast, By Application
11.5.2 Japan
11.5.2.1 Market Size and Forecast, By Fertilizer Type
11.5.2.2 Market Size and Forecast, By Crop Type
11.5.2.3 Market Size and Forecast, By Application
11.5.3 India
11.5.3.1 Market Size and Forecast, By Fertilizer Type
11.5.3.2 Market Size and Forecast, By Crop Type
11.5.3.3 Market Size and Forecast, By Application
11.5.4 South Korea
11.5.4.1 Market Size and Forecast, By Fertilizer Type
11.5.4.2 Market Size and Forecast, By Crop Type
11.5.4.3 Market Size and Forecast, By Application
11.5.5 Australia
11.5.5.1 Market Size and Forecast, By Fertilizer Type
11.5.5.2 Market Size and Forecast, By Crop Type
11.5.5.3 Market Size and Forecast, By Application
11.5.6 New Zealand
11.5.6.1 Market Size and Forecast, By Fertilizer Type
11.5.6.2 Market Size and Forecast, By Crop Type
11.5.6.3 Market Size and Forecast, By Application
11.5.7 Singapore
11.5.7.1 Market Size and Forecast, By Fertilizer Type
11.5.7.2 Market Size and Forecast, By Crop Type
11.5.7.3 Market Size and Forecast, By Application
11.5.8 Malaysia
11.5.8.1 Market Size and Forecast, By Fertilizer Type
11.5.8.2 Market Size and Forecast, By Crop Type
11.5.8.3 Market Size and Forecast, By Application
11.5.9 Rest of Asia
11.5.9.1 Market Size and Forecast, By Fertilizer Type
11.5.9.2 Market Size and Forecast, By Crop Type
11.5.9.3 Market Size and Forecast, By Application
12 Latin America Water-soluble Fertilizers Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Water-soluble Fertilizers Market Share Analysis, By Fertilizer Type
12.3 Latin America Water-soluble Fertilizers Market Size and Forecast, By Crop Type
12.4 Latin America Water-soluble Fertilizers Market Size and Forecast, By Application
12.5 Latin America Water-soluble Fertilizers Market Size and Forecast, By Country
12.5.1 Brazil
12.5.1.1 Market Size and Forecast, By Fertilizer Type
12.5.1.2 Market Size and Forecast, By Crop Type
12.5.1.3 Market Size and Forecast, By Application
12.5.2 Argentina
12.5.2.1 Market Size and Forecast, By Fertilizer Type
12.5.2.2 Market Size and Forecast, By Crop Type
12.5.2.3 Market Size and Forecast, By Application
12.5.3 Colombia
12.5.3.1 Market Size and Forecast, By Fertilizer Type
12.5.3.2 Market Size and Forecast, By Crop Type
12.5.3.3 Market Size and Forecast, By Application
12.5.4 Peru
12.5.4.1 Market Size and Forecast, By Fertilizer Type
12.5.4.2 Market Size and Forecast, By Crop Type
12.5.4.3 Market Size and Forecast, By Application
12.5.5 Chile
12.5.5.1 Market Size and Forecast, By Fertilizer Type
12.5.5.2 Market Size and Forecast, By Crop Type
12.5.5.3 Market Size and Forecast, By Application
12.5.6 Venezuela
12.5.6.1 Market Size and Forecast, By Fertilizer Type
12.5.6.2 Market Size and Forecast, By Crop Type
12.5.6.3 Market Size and Forecast, By Application
12.5.7 Rest of Latin America
12.5.7.1 Market Size and Forecast, By Fertilizer Type
12.5.7.2 Market Size and Forecast, By Crop Type
12.5.7.3 Market Size and Forecast, By Application
13 Middle East Water-soluble Fertilizers Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Water-soluble Fertilizers Market Share Analysis, By Fertilizer Type
13.3 Middle East Water-soluble Fertilizers Market Size and Forecast, By Crop Type
13.4 Middle East Water-soluble Fertilizers Market Size and Forecast, By Application
13.5 Middle East Water-soluble Fertilizers Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.1.1 Market Size and Forecast, By Fertilizer Type
13.5.1.2 Market Size and Forecast, By Crop Type
13.5.1.3 Market Size and Forecast, By Application
13.5.2 UAE
13.5.2.1 Market Size and Forecast, By Fertilizer Type
13.5.2.2 Market Size and Forecast, By Crop Type
13.5.2.3 Market Size and Forecast, By Application
13.5.3 Egypt
13.5.3.1 Market Size and Forecast, By Fertilizer Type
13.5.3.2 Market Size and Forecast, By Crop Type
13.5.3.3 Market Size and Forecast, By Application
13.5.4 Kuwait
13.5.4.1 Market Size and Forecast, By Fertilizer Type
13.5.4.2 Market Size and Forecast, By Crop Type
13.5.4.3 Market Size and Forecast, By Application
13.5.5 South Africa
13.5.5.1 Market Size and Forecast, By Fertilizer Type
13.5.5.2 Market Size and Forecast, By Crop Type
13.5.5.3 Market Size and Forecast, By Application
13.5.6 Rest of Middle East & Africa
13.5.6.1 Market Size and Forecast, By Fertilizer Type
13.5.6.2 Market Size and Forecast, By Crop Type
13.5.6.3 Market Size and Forecast, By Application
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Yara International ASA
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Israel Chemicals Limited
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 K+S Aktiengesellschaft
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Coromandel International Limited
15.4.1 Overview
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 The Mosaic Company
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 SQM SA
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Sinochem Fertilizer Co Ltd
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Hebei Monband Water Soluble Fertilizer Co Ltd
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Nutrien Ltd
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Haifa Chemicals Ltd
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
15.11 EuroChem Group AG
15.11.1 Overview
15.11.2 Offerings
15.11.3 Key Financials
15.11.4 Business Segment & Geographic Overview
15.11.5 Key Market Developments
15.11.6 Key Strategies
