Global NPK Water-Soluble Fertilizer Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global NPK Water-Soluble Fertilizer Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Water-soluble fertilizer is a multi-element compound fertilizer that can be completely dissolved in water. It can be quickly dissolved in water and is more easily absorbed by crops, and its absorption and utilization rate are relatively high. More importantly, it can be used in spraying. Facility agriculture, such as drip irrigation, realizes the integration of water and fertilizer, and achieves the efficiency of saving water, fertilizer and labor.

Market Overview:

The latest research study on the global NPK Water-Soluble Fertilizer market finds that the global NPK Water-Soluble Fertilizer market reached a value of USD 5323.68 million in 2022. It’s expected that the market will achieve USD 7676.56 million by 2028, exhibiting a CAGR of 6.29% during the forecast period.

NPK Water-Soluble Fertilizer Growth Drivers

The total population continues to increase, and the demand for food continues to increase, which promotes the development of the fertilizer industry. Chemical fertilizer is a convenient way to increase crop production, and its application rate will maintain an overall stable trend.

NPK Water-Soluble Fertilizer Market Restraints

Since there are many large and small manufacturers in China, Germany, the United States, Israel and India, the market is inherently highly competitive.

Due to the development of industrialization and the increase of population, the supply of arable land is limited, which will increase the consumption of this product in the next eight years. However, fluctuations in raw material prices and increasing demand for organic fertilizers will limit market expansion during the forecast period .

Region Overview:

From 2022-2027, China is estimated to witness robust growth prospects.

Company Overview:

Yara is one of the major players operating in the NPK Water-Soluble Fertilizer market, holding a share of 10.52% in 2021.

Yara is a fertilizer company and a provider of environmental solutions. It operates through three segments: Crop Nutrition, Industrial, and Production.

ICL is a manufacturer of specialty fertilizers for plant nutrition. It offers coated and water-soluble fertilizers, wetting agents, grass seeds, biostimulants, organo-minerals, trace element packages, and other solubles to the agricultural market.

Segmentation Overview:

Among different product types, Solid Fertilizer segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Horticulture segment occupied the biggest share from 2017 to 2022.

Key Companies in the global NPK Water-Soluble Fertilizer market covered in Chapter 3:

Xinyangfeng Agricultural Technology Co. Ltd
UralChem
EuroChem Group
ICL Specialty Fertilizers
Omex
Yara
Shindoo
Nutrien
SQM
Haifa Chemicals

In Chapter 4 and Chapter 14.2, on the basis of types, the NPK Water-Soluble Fertilizer market from 2018 to 2029 is primarily split into:

Solid Fertilizer
Liquid Fertilizer

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the NPK Water-Soluble Fertilizer market from 2018 to 2029 covers:

Horticulture
Crop
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)