Water Soluble Fertilizer Market Size, By Form (Dry [Powder, Granules], Liquid), By Product (Nitrogenous [Urea, Ammonium Nitrate, Calcium Nitrate], Micronutrients [Iron, Manganese, Zinc], Phosphatic [Mono-ammonium phosphate, Phosphoric Acid, Mono Potassium

Water Soluble Fertilizer Market Size, By Form (Dry [Powder, Granules], Liquid), By Product (Nitrogenous [Urea, Ammonium Nitrate, Calcium Nitrate], Micronutrients [Iron, Manganese, Zinc], Phosphatic [Mono-ammonium phosphate, Phosphoric Acid, Mono Potassium Phosphate], Potassium [Potassium Chloride, Potassium Sulfate, Potassium Nitrate]), By Mode of Application (Foliar, Fertigation), By Crop Type (Cereals, Vegetables, Fruits, Plantation, Turf & Ornamentals, Greenhouse Crops), Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2023 - 2032

Global Water Soluble Fertilizer Market is expected to garner commendable gains from 2023 to 2032. Growing global population and the subsequent need for increased food production are among the leading factors driving the demand for water soluble fertilizers. As arable land continues to decrease and agricultural practices face challenges such as water scarcity, farmers are adopting advanced techniques like precision farming, hydroponics, and fertigation. All of these heavily rely on water-soluble fertilizers to maximize crop productivity, thus, contributing to market growth.

Water-soluble fertilizers, also known as soluble or liquid fertilizers, are in high demand due to their ability to dissolve quickly in water and deliver essential nutrients directly to plants. The market for water-soluble fertilizers is witnessing a significant surge owing to their efficiency, convenience, and positive impact on crop yield and quality. Besides, the rising demand for high-value crops, such as fruits, vegetables, and ornamentals, will foster product adoption over the next ten years.

The water soluble fertilizer market is classified based on form, product, mode of application, crop, and region.

With respect to the product category, the market size from the phosphatic segment, which further segregates into mono-ammonium phosphate, phosphoric acid, and mono-potassium phosphate, is anticipated to expand at a decent CAGR through 2032. Phosphatic water-soluble fertilizers contain a high level of phosphorus, one of the three primary macronutrients essential for plant growth & development. The need for increased crop productivity, the depletion of phosphorus reserves in the soil, and the rising awareness of phosphorus deficiency in plants may further contribute to segment gains over 2023-2032.

Based on crop, the turf and ornamentals segment is poised to accumulate a decent share of the water soluble fertilizer market by 2032, credited to the growing inclination toward recreational activities, including spots, relaxation, picnics, etc. Besides, a significant rise in plant uptake and benefits of these fertilizers, such as the convenience in application, ability to provide precise nutrient delivery, improved growth and appearance, and increased water efficiency in landscaping and gardening practices, will drive segment growth.

Regionally, the Middle East & Africa water soluble fertilizer industry is slated to record a sizeable valuation by 2032. The regional market growth is backed by the increasing demand for food due to the growing population and the subsequent rise in food demand. In addition, the rising awareness about the benefits of water-soluble fertilizers and increasing government support for the agriculture sector will further stimulate product demand across the region.