Water Soluble Fertilizers Market Forecasts to 2028 – Global Analysis By Type (Phosphatic, Potassic, Nitrogenous and Other Types), Crop Type (Horticulture, Turf & Ornamentals, Field Crop and Other Crop Types), Application (Foliar and Fertigation) and Geogr

Water Soluble Fertilizers Market Forecasts to 2028 – Global Analysis By Type (Phosphatic, Potassic, Nitrogenous and Other Types), Crop Type (Horticulture, Turf & Ornamentals, Field Crop and Other Crop Types), Application (Foliar and Fertigation) and Geography

According to Stratistics MRC, the Global Water Soluble Fertilizers Market is accounted for $17.06 billion in 2022 and is expected to reach $26.60 billion by 2028 growing at a CAGR of 7.6% during the forecast period. Water-soluble fertilizer has a comparatively high absorption and utilisation rate since it is made up of several compounds and may be dispersed in water, making it easier for crops to absorb. This fertilizer can be used to easily supply the fixed amount of nutrients that are available to the plants. Due to its compatibility with modern irrigation technology, it not only conserves water and fertilizer but also labour costs. In addition, compared to chemical fertilizers, water-soluble fertilizer has a lower conductivity and is simpler to adjust for fertilizer concentration. Young seedlings can use it as a safe chemical alternative which drives the market.

According to the Research Institute of Organic Agriculture the area which is under organic farming increased by 4.1% in 2020. In addition, the regional statistics of both developed and developing countries have depicted the growth of organic agriculture in the country.

Market Dynamics:

Driver:

Increasing demand in high quality crop production

The increased need for speciality fertilisers to boost the production of high-quality crops is predicted to result in a steady increase in the demand for water-soluble fertilisers over the ensuing years. Concerns over food security and current food production methods have grown as a result of the expanding population of the world, particularly in various emerging and underdeveloped nations. Moreover, growing government efforts to promote specialised fertilisers and the introduction of initiatives to inform farmers about the novel fertiliser type and its advantages will support market expansion necessitating facilities for government incentives are showing a reasonable growth in the market during the forecast period.

Restraint:

Limited awareness about the usage of water-soluble fertilizer

Manufacturers may have difficulties in the due to low awareness of the use of water-soluble fertiliser concentration and strict government regulation about the use of chemical fertilisers. The harmful environmental effects of fertiliser use, such as ecological imbalance and high fertiliser levels in food and water resources, are anticipated to restrict the consumption of water-soluble fertilisers. Furthermore, the expansion of the world market for water-soluble fertilisers is being constrained by stringent governmental regulations and a growing preference for organic farming.

Opportunity:

Increasing Investment by key market players

Water-soluble fertiliser has the potential to develop significantly in the future, and industry players that are active in this market are constantly working to innovate and introduce new products to the market in order to cement their dominance. The popularity and demand for these fertilisers are increasing throughout nations where agriculture is practised mostly as a result of businesses increasing their production capacity of different water soluble fertilizers grades and broadening their wide impact and created a wide range opportunities in the growth of the market growth.

Threat:

High cost of water-soluble fertilizer

The high price of specialty fertilizers such as water-soluble fertilizer and controlled fertilizers can act as a major restraint on the market growth during the forecast period. The low cost effectiveness of these fertiliser types may limit their adoption in nations with low per capita incomes. In order to develop fertilisers that are more effective, stakeholders in the fertiliser business are investing in R&D projects. In order to boost production efficiency and lower costs for crop producers, including farmers with poor margins, the corporations are also concentrating on manufacturing technology which thereby hinders the market growth.

Covid-19 Impact

Due to various socioeconomic developments that developed during this pandemic, the pandemic outbreak has had a negative impact on the worldwide market. Manufacture has slowed as a result of lockdowns that have stopped the production of speciality fertilisers in numerous important regions that produce them. Global trade limitations put in place by different nations have hampered the flow of these fertilisers, but with the lifting of these restrictions, everything ought to get back eventually. Thus Covid 19 has hampered the water soluble fertilizers market growth.

The Nitrogenous segment is expected to be the largest during the forecast period

The Nitrogenous segment is estimated to have a lucrative growth, due to its crucial role in plant growth and production, growth of grass and crops will frequently respond to an increase in soil nitrogen supply. Fertilizers containing nitrogen are frequently added to this condition to regulate it. In addition, the most significant influence on reducing nitrous oxide losses comes from products that collect nitrogen more effectively. This also reduces ammonia volatilization to the atmosphere, as well as nitrate leaching and runoff to groundwater and streams. NUE, or nitrogen use efficiency, can increase productivity and profitability which in turn accelerates the growth of the water soluble fertilizers market.

The Horticulture segment is expected to have the highest CAGR during the forecast period

The Horticulture segment is anticipated to witness the fastest CAGR growth during the forecast period, due to increasing demand for a nutrition-rich diet globally is expected to drive the high-value crops demand, which is further anticipated to boost the segment’s growth. A number of horticulture crop varieties require specialized nutrients, favourable climatic conditions, and proper conditioning for appropriate growth and these fertilizers can fulfil that requirement efficiently and help in boosting the market growth.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the demand for highly effective fertilisers like WSFs is being driven by declining arable land and scarce water resources in Asia's agriculturally focused nations. Multinational agricultural behemoths like ICL, Nutrien, Yara, and others have increased their investment in Asia-Pacific significantly as APAC develops as a lucrative market for modern fertilisers with significant development potential. The need for water-soluble fertilisers is expected to rise as the production of high-value crops rises throughout Asia and Southeast Asia as a result of rising urbanisation, an improving economy, and increased trade liberalisation which are propelling the growth of the market.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to the widespread use of specialist fertilisers in nations like France, Spain, and Russia. The market is growing as a result of Europe's changing climate and the increasing penetration of international producers of speciality fertilisers in the European market. Additionally, the market size in Europe will increase as regional conventional fertiliser leaders expand their enterprises into the above mentioned fertiliser area encouraging the market growth.

Key players in the market

Some of the key players profiled in the Water Soluble Fertilizers Market include Yara International ASA, Agrium Inc, K+S Aktiengesellschaf, Coromandel International Limited, Compo GmbH & Co, SQM, Nutrien Ltd, Haifa Chemicals Limited, The Mosaic Company, EuroChem, Qatar Fertilize, COMPO EXPERT, Bayer CropScience AG, Corteva Agriscience, BASF SE and Syngenta AG.

Key Developments:

In Jan 2023, Yara Clean Ammonia and JERA announce a MOU for joint project development and sales & purchase of clean ammonia. The two companies also plan to collaborate on blue ammonia production in the US Gulf and to produce more than 1 million metric tons per annum (mtpa).

In Jan 2023, Bayer launches new collaboration with Oerth Bio to further advance innovations in crop protection, Oerth’s unique PROTAC® protein degradation technology is expected to be a new, game-changing generation of more sustainable crop protection products / The agreement recommits to the combination of Oerth Bio’s specialized

In Jan 2023, Bayer acquires Blackford Analysis Ltd. bolstering the company’s position in digital medical imaging, The acquisition is part of Bayer's strategy to drive innovation in radiology, including the development and adoption of AI within the clinical workflow, with the goal to ultimately improve patient care and advance Bayer’s position in digital medical imaging.

In Nov 2022, Yara International and Oerth Bio collaborate to tackle crop resilience, announced a first-of-its-kind collaboration applying Oerth’s novel protein degrader technology to crop efficiency applications. The collaboration will focus on boosting plant resilience to combat escalating climate stress impacting crop production and farm economics.

Types Covered:
• Phosphatic
• Potassic
• Nitrogenous
• Other Types

Crop Types Covered:
• Horticulture
• Turf & Ornamentals
• Field Crop
• Other Crop Types

Applications Covered:
• Foliar
• Fertigation

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
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 2020, 2021, 2022, 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