Water Soluble Fertilizers Market Forecasts to 2028 – Global Analysis By Product (NPK Blends, NPK Blends High Quality+), Mode of Application (Foliar, Fertigation), Crop Type (Field Crops, Plantation Crops) and By Geography
According to Stratistics MRC, the Global Water Soluble Fertilizers Market is accounted for $15.27 billion in 2020 and is expected to reach $27.65 billion by 2028 growing at a CAGR of 7.7% during the forecast period. Factors such as rising food demand, limited availability of arable land, and positive outlook for horticultural sector are driving the growth of the market. However, growth of organic fertilizers industry is hampering the growth of the market.
Water soluble fertilizers are compound specialty fertilizers that can be completely dissolved in water and added or leached out of the soil easily. These fertilizers increase the utilization rate as the integration of water and fertilizer saves water, fertilizer, and labor. They provide multiple advantages over conventional fertilizers including higher crop yield and nutrient availability in the soil.
Based on the mode of application, the fertigation segment is anticipated to expand at a rapid pace during the forecast period as it is effective in controlling nutritional deficiency, improving fertility, and increasing productivity of plants. By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to the increase in agricultural technologies and agricultural exports of key products.
Some of the key players profiled in the Water Soluble Fertilizers Market include Israel Chemical Ltd (ICL), Coromandel International Ltd, Yara International Asa, Hebei Monband Water Soluble Fertilizer Co Ltd, Agrium Inc, K+S AKTiengesellschaft, The Mosaic Company, Sociedad Química Y Minera De Chile (SQM), Compo GmbH & Co. Kg, and Haifa Chemicals Ltd.
Estimated Market Size in 2020:
USD 15.27 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 27.65 billion
Tables, Graphs& Figures
Form, Grade, Type, Product, Mode of Application, Crop Type and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Nitrogen-Phosphorous-Potassium (NPK) 19:19:19
• NPK 00:00:50
• NPK 13:00:45
• NPK 28:28:28
• NPK 18:18:18
• Macronutrient Fertilizers
• Bio Fertilizers
• Bio Stimulants
• Secondary Nutrients
Modes of Application Covered:
• Hydroponics/Drip Irrigation
Crop Types Covered:
• Field Crops (Cereals)
• Horticultural Crops/Orchard Crops
• Plantation Crops
• Turf, Lawn & Ornamentals
• Greenhouse Crops
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Water Soluble Fertilizers Market is majorly driven by rising food demand, limited availability of arable land, and positive outlook for horticultural sector.
The fertigation segment is growing at a highest CAGR as it is effective in controlling nutritional deficiency, improving fertility, and increasing productivity of plants.
Europe dominated with a significant market share due to the factors such as increase in population and growing awareness regarding the benefits of water soluble fertilizers.
Asia Pacific market is growing at a highest CAGR owing to the rising adoption of agricultural technologies and increasing agricultural exports in the region.
Key players in Water Soluble Fertilizers Market include Israel Chemical Ltd (ICL), Coromandel International Ltd, Yara International Asa, Hebei Monband Water Soluble Fertilizer Co Ltd, Agrium Inc, K+S AKTiengesellschaft, The Mosaic Company, Sociedad Química Y Minera De Chile (SQM), Compo GmbH & Co. Kg, and Haifa Chemicals Ltd.
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