The global water-soluble fertilizers market is valued at USD 18.3 billion in 2023 and is projected to reach USD 25.1 billion by 2028, registering a CAGR of 6.5% during the forecast period. Water-soluble fertilizers, which contain a balanced blend of nitrogen, phosphate, and potassium (NPK) along with key micronutrients, dissolve easily in water and are especially suited for drip irrigation systems. Rising nutrient deficiencies in crops and an increasing need to enhance agricultural productivity are key factors driving market growth. Their quick dissolution enables efficient nutrient uptake, further supporting higher yields. Additionally, expanding adoption of precision farming, horticulture, and hydroponic practices continues to boost demand.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1055
High demand for nitrogen supports market dominance of nitrogenous fertilizers
Nitrogenous water-soluble fertilizers account for the largest market share. Nitrogen forms the core of chlorophyll molecules, enabling photosynthesis and supporting optimal plant growth and energy production. As most nitrogen is absorbed through the soil, its high requirement across all crop stages reinforces the strong demand for nitrogen-based solutions.
Rising adoption of drip and micro-irrigation boosts fertigation practices
Fertigation—applying dissolved fertilizers through irrigation systems—offers efficient control over nutrient and water distribution, enabling farmers to maximize yield potential. By merging irrigation and fertilization in a single step, fertigation saves time, resources, and labor, contributing to its increasing adoption.
Horticulture expansion drives market growth
The rapid rise in horticulture—cultivation of fruits, vegetables, and ornamental plants—is further strengthening market demand. As growers prioritize sustainability, aesthetic landscaping, and high-value produce, the use of water-soluble fertilizers becomes essential for improving plant quality and productivity.
Dry water-soluble fertilizers are gaining popularity due to storage advantages
Dry fertilizers, including powders and granules, are witnessing increasing demand owing to their ease of storage, longer shelf life, convenient mixing properties, and availability in customised blends. These benefits make dry formulations a preferred choice among growers.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1055
Asia Pacific emerges as the fastest-growing regional market
Asia Pacific offers significant growth opportunities due to its strong reliance on agriculture, particularly in countries such as India and China. Rising food demand, population growth, and increasing adoption of advanced fertilization practices are driving market expansion. The strong presence of leading companies such as Nutrien (Canada), Israel Chemical Company (Israel), and Yara International (Norway) further contributes to regional growth.
Key Market Players
Major players operating in the water-soluble fertilizers market include Nutrien (Canada), Israel Chemical Company (Israel), Sociedad Química y Minera de Chile (SQM) (Chile), K+S Aktiengesellschaft (Germany), Yara International (Norway), Haifa Chemicals Ltd. (Israel), Compo GmbH (Germany), Coromandel International Ltd. (India), The Mosaic Company (US), Hebei Monband Water Soluble Fertilizers Co., Ltd. (China), Agafert (India), EuroChem (Switzerland), Azoty Group (Poland), Vakichim (Bulgaria), Gujarat State Fertilizers & Chemicals Ltd (India), IFFCO (India), SPIC (India), Aries Agro Ltd (India), Mangalore Chemicals & Fertilizers Ltd (India), and Incitec (Australia).
