Water Soluble Fertilizers Market [2028] By Size, Demands, Forecast

Summary

Report Description

Forecast Period	2024-2028
Market Size (2022)	USD 7.88 Billion
CAGR (2023-2028)	6.48%
Fastest Growing Segment	Potassium Nitrate
Largest Market	Asia-Pacific

Market Overview

Global Water Soluble Fertilizers Market has valued at USD 7.88 Billion in 2022 and is anticipated to project impressive growth in the forecast period with a CAGR of 6.48% through 2028. Water-soluble fertilizers are compounds that can be dissolved in water and applied to plants. These fertilizers are particularly effective in providing essential nutrients to plants quickly, as they are easily absorbed through roots and leaves. By delivering a balanced blend of nutrients, they promote healthy growth and enhance productivity. In both agriculture and horticulture, water-soluble fertilizers play a crucial role. They are especially beneficial in scenarios where fast-acting nutrients are required, such as during the growth phase of a plant. These fertilizers offer convenience and efficiency in application, allowing for precise nutrient delivery based on specific plant requirements. With their ability to dissolve in water, these fertilizers offer flexibility in terms of application methods. They can be easily incorporated into irrigation systems or applied as foliar sprays, ensuring that plants receive nutrients directly where it is needed most.

Key Market Drivers

Rapid Industrialization and Urbanization

The reduction in arable land is notably driving the growth of the water-soluble fertilizers market. Factors such as rapid industrialization and urbanization have led to a significant decrease in available arable land. In addition, inappropriate agricultural practices and deforestation have further contributed to the decline in fertility of arable land on a global scale.

The need to increase food production has become imperative, and it can only be achieved by improving the yield from existing farms. This is where water-soluble fertilizers come into play. By utilizing these fertilizers, farmers can enhance the yield of their food crops, thus addressing the growing demand for food grains. Research indicates that the demand for food grains is expected to significantly increase by 2030 due to the expanding global population. Developing nations, such as Brazil and India, will particularly face the challenge of fulfilling this demand, requiring an additional 120 million hectares of land. Consequently, the shrinking availability of global arable land is anticipated to drive the demand for fertilizers as a means to meet the rising food requirements. Considering these factors, the water-soluble fertilizers market is poised for growth during the forecast period, as it plays a crucial role in supporting food production and addressing the challenges posed by the diminishing arable land.

Increased Adoption of Precision Farming Methods

The global rise in precision farming methods is expected to boost the demand for water-soluble fertilizers significantly. Precision farming employs modern technologies like GPS, remote sensing, and data management tools to enhance the efficiency and productivity of agricultural practices. This approach allows farmers to apply the right amount of fertilizers at the right time, maximizing nutrient uptake and minimizing wastage. Water-soluble fertilizers, easily dissolved in water, fit seamlessly into these systems. They deliver nutrients directly to the plant's roots, reducing nutrient leaching and improving the nutrient use efficiency of crops. Furthermore, these fertilizers are compatible with irrigation systems, making them ideal for precision farming. As the global population grows and the demand for food increases, the importance of precision farming and water-soluble fertilizers will escalate. Countries around the world are recognizing this potential, leading to the introduction of supportive government policies and increased investments in precision farming technologies. This, along with growing awareness amongst farmers, is expected to drive global demand for water-soluble fertilizers.

Rise in the Demand for Food Due to Growing Global Population

The rise in the global population has led to a significant increase in the demand for food. This, in turn, is expected to amplify the need for Water Soluble Fertilizers (WSFs) globally. WSFs play a critical role in boosting crop yield and quality, a necessity in meeting the growing food demand. As the world's population continues to grow, so does the pressure on agricultural land to produce more food per acre. The use of WSFs, which are readily absorbed by plants due to their water-soluble nature, offers an efficient and effective solution to this challenge. Additionally, WSFs reduce the risk of groundwater contamination, making them a more sustainable choice in the long term. They are also ideally suited for modern irrigation systems, such as fertigation and foliar application, further driving their demand. As the global focus shifts towards sustainable farming and efficient use of resources, WSFs are expected to take the lead, offering a viable solution to meet the escalating global demand for food without compromising environmental sustainability.

Technological Innovations in Fertilizer Production

Technological innovations in fertilizer production are poised to surge the demand for water-soluble fertilizers (WSFs) globally. Advanced manufacturing processes are enhancing the efficiency and effectiveness of WSFs, making them increasingly attractive to farmers seeking to maximize crop yields. WSFs are rapidly dissolvable, enabling easy application through irrigation systems, and thereby ensuring uniform nutrient distribution across fields. Additionally, WSFs help reduce the environmental impact of farming by eliminating nutrient run-off, a significant concern with traditional fertilizers. The advent of precision agriculture, fueled by advancements in AI and IoT, is also accentuating the importance of WSFs. These technologies require precise nutrient management, which is uniquely offered by WSFs. The capacity for controlled release of nutrients, minimizing waste and enhancing uptake efficiency, is a direct outcome of technological innovations in fertilizer production. Furthermore, the global movement towards sustainable farming practices, bolstered by technology, is expected to continue driving the demand for WSFs. The combined influence of environmental sustainability, farming efficiency, and technological advancements in fertilizer production is therefore projected to significantly accelerate global demand for water-soluble fertilizers.

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Key Market Challenges

Volatility in Raw Material Prices

Volatility in raw material prices is a significant challenge that poses obstacles to market growth. The production of water-soluble fertilizers primarily relies on substances derived from nitrogen, potassium, and phosphorus. Additionally, the manufacturing process involves the use of natural gas, potassium chloride, sulfur, and coal. Consequently, any increase in the prices of these raw materials elevates production costs, leading to reduced profit margins for manufacturers.

Among the raw materials, natural gas holds particular significance as it is a major component in the production of nitrogen-based water-soluble fertilizers. The extraction of hydrogen, an essential element in this process, relies on natural gas. Thus, any surge in natural gas prices directly impacts the demand for these fertilizers. Consequently, the fluctuations in raw material prices can exert a negative influence on the global market throughout the forecast period. Given these dynamics, it becomes paramount for market players to closely monitor and anticipate any changes in raw material prices. By doing so, they can proactively adjust their strategies to mitigate the potential adverse effects and maintain a competitive edge in the market.

Limited and Inefficient Distribution Channels in Developing Regions

Limited and inefficient distribution channels in developing regions serve as significant impediments to the global demand for water-soluble fertilizers. These regions, often characterized by fragmented supply chains and inadequate infrastructure, struggle to reliably deliver these products to end-users. The complexity of the logistics, coupled with high transportation costs, hampers the ability to distribute water-soluble fertilizers effectively, thereby reducing global demand. Additionally, factors such as lack of awareness about the benefits of these fertilizers, or the lack of the required knowledge for their proper application, can further decrease their demand. Furthermore, the inability of farmers in developing regions to afford water-soluble fertilizers — often priced higher than conventional fertilizers — cannot be overlooked. While the advantages of these fertilizers in terms of enhancing crop yield and quality are undeniable, these distribution and awareness challenges act as significant deterrents. Thus, addressing these issues is crucial for the growth of the global water-soluble fertilizers market.

Key Market Trends

Rise In Demand for Micronutrient-Based Water-Soluble Fertilizers

The rise in demand for micronutrient-based water-soluble fertilizers is an emerging trend in the market. Micronutrients, which are trace minerals required by plants in small quantities, play a crucial role in various plant functions. Despite their low quantity requirement, micronutrient deficiency can significantly impact plant yield, growth, and overall health. The deficiency of essential micronutrients like zinc, iron, and magnesium can lead to stunted growth and other abnormalities in plants at different stages of their development.

Water-based fertilizers that contain micronutrients offer a convenient solution to overcome these deficiencies. They can be easily applied to plants, improving their nutritional content. This is particularly beneficial for horticultural crops, including fruits and vegetables, as it enhances their quality and productivity. As a result, the market for micronutrient-based water-soluble fertilizers is expected to experience significant growth during the forecast period, driven by these factors and the increasing demand for high-quality agricultural produce.

High Efficiency of Water Soluble Fertilizers

The high efficiency of water-soluble fertilizers is anticipated to propel their global demand significantly. These fertilizers dissolve directly into the water, enabling plants to absorb the nutrients more readily, leading to improved yield and crop quality. The ease of application as a result of solubility facilitates uniform distribution of nutrients, reducing wastage and increasing overall efficiency. This attribute, combined with the growing awareness of sustainable farming practices, is set to increase the product's adoption. Today's farmers, facing the dual challenge of land degradation and increasing food demand due to escalating global population, are seeking efficient, cost-effective solutions. Water-soluble fertilizers, with their superior nutrient absorption and negligible environmental footprint, cater perfectly to these needs. Furthermore, the adoption of precision and smart farming techniques that leverage data and technology to optimize fertilizer use is likely to fuel the uptake of these fertilizers. In a world increasingly concerned with sustainable agriculture and efficient resource utilization, the high efficiency of water-soluble fertilizers positions them as a favorable choice for farmers worldwide, thereby accelerating the global demand.

Segmental Insights

Crop Insights

Based on the Crop type, during the forecast period, the field crop segments are anticipated to experience a substantial increase, driven by various factors. Winter wheat, durum wheat, soybeans, corn, rice, sorghum, and spring wheat are examples of field crops that play a crucial role in global food production. However, the effects of climate change on food production will vary by location, posing challenges to soil health and water quality.

To address these challenges, alternative agricultural practices are being implemented, aiming to meet the growing consumer demand for both quality and sustainable crop production. As a result, the market demand for water-soluble fertilizers is on the rise, as these fertilizers offer effective solutions in optimizing nutrient uptake and minimizing environmental impact. By adopting innovative agricultural techniques and utilizing water-soluble fertilizers, farmers can not only enhance crop yield and quality but also contribute to the overall sustainability of the agricultural industry. This emphasis on sustainable practices and resource efficiency will be critical in ensuring long-term food security and environmental stewardship.

Application Insights

Based on the Application, the market is segmented into Fertigation and Foliar. The predicted period is expected to witness a significant increase in the foliar mode of application. This mode offers numerous advantages, including strong resistance to diseases and pests, better drought and soil salinity tolerance, quick uptake of applied nutrients, and strong resilience to physiological disorders.

The foliar mode of application is particularly beneficial as it provides nutrients directly to the leaf, where the plant needs them the most. This is crucial because soil nutrients are not always readily accessible due to leaching. With foliar treatments, all nutritional issues can be effectively addressed as the leaf absorbs all the necessary elements. This targeted approach ensures optimal nutrient uptake and helps plants thrive in various conditions.

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Regional Insights

The farming community in Europe is embracing cutting-edge technologies as the agricultural sector undergoes remarkable technological advancements. In both France and Italy, agriculture takes center stage as the primary industry, given their diverse and captivating landscapes. From the picturesque coastal regions to the majestic mountainous and hilly areas, these nations boast an array of terrains that provide a rich tapestry for agricultural practices. In France, the agricultural landscape is as diverse as its cuisine. From the sun-kissed vineyards of Bordeaux to the idyllic lavender fields of Provence, each region lends itself to unique farming practices. The fertile soils of Normandy are famous for dairy farming, producing the finest cheeses and butters, while the vast wheat fields of the Champagne region contribute to the world-renowned sparkling wine production.

Notably, the Western region stands out with its widespread adoption of highly intensive farming practices, which have been bolstered by substantial research and development efforts. These efforts have led to the development of specialized and crop-specific products, further enhancing the region's agricultural prowess and contributing to its continued growth and success. With such a diverse and dynamic agricultural landscape, it is no wonder that Europe's farming community is thriving. The combination of cutting-edge technologies, rich natural resources, and centuries-old traditions creates a harmonious blend that ensures the region's agricultural sector remains at the forefront of innovation and sustainability.

Recent Developments

Agrosema Comercial Agricola Ltda, a Brazilian agricultural retailer, was scheduled to be acquired by Nutrien Ltd. in January 2020. The objective of this acquisition is to expand market share in the conventional and specialized fertilizers business in South America.
In November 2019, IFFCO launched its Nano Technology-based products, namely nano nitrogen, nano zinc, and nano copper, for on-field trials. This initiative aims to reduce the usage of chemical fertilizers and enhance farmers' income.
In January 2019, Haifa Group introduced NutriNet™, an online expert system designed to assist and optimize the development of customized fertilization programs. This valuable tool supports growers in creating fertilization programs at no cost.

Key Market Players

Captain Polyplast Ltd.
CF Industries Holdings Inc.
Compagnie Financiere et de Participations Roullier
E.I.D. Parry India Ltd.
BMS Micro-Nutrients NV
Yara International ASA
Green Has Italia SPA
Grupa Azoty SA
Gujarat State Fertilizers and Chemicals Ltd.
Indian Farmers Fertiliser Cooperative Ltd.

By Type

By Composition

By Crop

By Application

By Region

Calcium Nitrate
NPK
Potassium Nitrate
Potassium Sulphate
Urea Phosphate
Others

Straight
Complex

Horticultural
Turf & Ornamentals
Field Crop

Fertigation
Foliar Application

North America
Europe
Asia Pacific
South America
Middle East & Africa

Report Scope:

In this report, the Global Water Soluble Fertilizers Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

· Water Soluble Fertilizers Market, By Type:

o Calcium Nitrate

o NPK

o Potassium Nitrate

o Potassium Sulphate

o Urea Phosphate

o Others

· Water Soluble Fertilizers Market, By Composition:

o Straight

o Complex

· Water Soluble Fertilizers Market, By Crop:

o Horticultural

o Turf & Ornamentals

o Field Crop

· Water Soluble Fertilizers Market, By C:

o Fertigation

o Foliar Application

· Water Soluble Fertilizers Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ France

§ United Kingdom

§ Italy

§ Germany

§ Spain

o Asia-Pacific

§ China

§ India

§ Japan

§ Australia

§ South Korea

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East & Africa

§ South Africa

§ Saudi Arabia

§ UAE

§ Kuwait

§ Turkey

§ Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Water Soluble Fertilizers Market.

Available Customizations:

Global Water Soluble Fertilizers market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Water Soluble Fertilizers Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validations

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Water-Soluble Fertilizers Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Type (Calcium Nitrate, NPK, Potassium Nitrate, Potassium Sulphate, Urea Phosphate, Others)

5.2.2. By Composition (Straight and Complex)

5.2.3. By Crop (Horticultural, Turf & Ornamentals, Field Crop)

5.2.4. By Application (Fertigation, Foliar Application)

5.2.5. By Region

5.2.6. By Company (2022)

5.3. Market Map

6. North America Water Soluble Fertilizers Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Type

6.2.2. By Composition

6.2.3. By Crop

6.2.4. By Application

6.2.5. By Country

6.3. North America: Country Analysis

6.3.1. United States Water Soluble Fertilizers Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Type

6.3.1.2.2. By Composition

6.3.1.2.3. By Crop

6.3.1.2.4. By Application

6.3.2. Canada Water Soluble Fertilizers Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Type

6.3.2.2.2. By Composition

6.3.2.2.3. By Crop

6.3.2.2.4. By Application

6.3.3. Mexico Water Soluble Fertilizers Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Type

6.3.3.2.2. By Composition

6.3.3.2.3. By Crop

6.3.3.2.4. By Application

7. Europe Water Soluble Fertilizers Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Type

7.2.2. By Composition

7.2.3. By Crop

7.2.4. By Application

7.2.5. By Country

7.3. Europe: Country Analysis

7.3.1. Germany Water Soluble Fertilizers Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Type

7.3.1.2.2. By Composition

7.3.1.2.3. By Crop

7.3.1.2.4. By Application

7.3.2. United Kingdom Water Soluble Fertilizers Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Type

7.3.2.2.2. By Composition

7.3.2.2.3. By Crop

7.3.2.2.4. By Application

7.3.3. Italy Water Soluble Fertilizers Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecasty

7.3.3.2.1. By Type

7.3.3.2.2. By Composition

7.3.3.2.3. By Crop

7.3.3.2.4. By Application

7.3.4. France Water Soluble Fertilizers Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Type

7.3.4.2.2. By Composition

7.3.4.2.3. By Crop

7.3.4.2.4. By Application

7.3.5. Spain Water Soluble Fertilizers Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Type

7.3.5.2.2. By Composition

7.3.5.2.3. By Crop

7.3.5.2.4. By Application

8. Asia-Pacific Water-Soluble Fertilizers Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Type

8.2.2. By Composition

8.2.3. By Crop

8.2.4. By Application

8.2.5. By Country

8.3. Asia-Pacific: Country Analysis

8.3.1. China Water Soluble Fertilizers Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Type

8.3.1.2.2. By Composition

8.3.1.2.3. By Crop

8.3.1.2.4. By Application

8.3.2. India Water Soluble Fertilizers Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Type

8.3.2.2.2. By Composition

8.3.2.2.3. By Crop

8.3.2.2.4. By Application

8.3.3. Japan Water Soluble Fertilizers Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Type

8.3.3.2.2. By Composition

8.3.3.2.3. By Crop

8.3.3.2.4. By Application

8.3.4. South Korea Water Soluble Fertilizers Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Type

8.3.4.2.2. By Composition

8.3.4.2.3. By Crop

8.3.4.2.4. By Application

8.3.5. Australia Water Soluble Fertilizers Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Type

8.3.5.2.2. By Composition

8.3.5.2.3. By Crop

8.3.5.2.4. By Application

9. South America Water Soluble Fertilizers Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Type

9.2.2. By Composition

9.2.3. By Crop

9.2.4. By Application

9.2.5. By Country

9.3. South America: Country Analysis

9.3.1. Brazil Water Soluble Fertilizers Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Type

9.3.1.2.2. By Composition

9.3.1.2.3. By Crop

9.3.1.2.4. By Application

9.3.2. Argentina Water Soluble Fertilizers Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Type

9.3.2.2.2. By Composition

9.3.2.2.3. By Crop

9.3.2.2.4. By Application

9.3.3. Colombia Water Soluble Fertilizers Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Type

9.3.3.2.2. By Composition

9.3.3.2.3. By Crop

9.3.3.2.4. By Application

10. Middle East and Africa Water Soluble Fertilizers Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Type

10.2.2. By Composition

10.2.3. By Crop

10.2.4. By Application

10.2.5. By Country

10.3. MEA: Country Analysis

10.3.1. South Africa Water Soluble Fertilizers Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Type

10.3.1.2.2. By Composition

10.3.1.2.3. By Crop

10.3.1.2.4. By Application

10.3.2. Saudi Arabia Water Soluble Fertilizers Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Type

10.3.2.2.2. By Composition

10.3.2.2.3. By Crop

10.3.2.2.4. By Application

10.3.3. UAE Water Soluble Fertilizers Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Type

10.3.3.2.2. By Composition

10.3.3.2.3. By Crop

10.3.3.2.4. By Application

10.4. Drivers

10.5. Challenges

11. Market Trends & Developments

11.1. Recent Development

11.2. Mergers & Acquisitions

11.3. Product Launches

12. Global Water-Soluble Fertilizers Market: SWOT Analysis

13. Porter’s Five Forces Analysis

13.1. Competition in the Industry

13.2. Potential of New Entrants

13.3. Power of Suppliers

13.4. Power of Customers

13.5. Threat of Substitute Products

14. Competitive Landscape

14.1. Captain Polyplast Ltd.

14.1.1. Business Overview

14.1.2. Service Offerings

14.1.3. Recent Developments

14.1.4. Key Personnel

14.1.5. SWOT Analysis

14.2. CF Industries Holdings Inc.

14.3. Compagnie Financiere et de Participations Roullier

14.4. E.I.D. Parry India Ltd.

14.5. BMS Micro-Nutrients NV

14.6. Yara International ASA

14.7. Green Has Italia SPA

14.8. Grupa Azoty SA

14.9. Gujarat State Fertilizers and Chemicals Ltd.

14.10. Indian Farmers Fertiliser Cooperative Ltd.

15. Strategic Recommendations

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Water Soluble Fertilizers Market in 2022?

The market size of the Global Water Soluble Fertilizers Market was estimated to be USD 7.88 Billion in 2022.

Which was the dominant segment by application in the Global Water Soluble Fertilizers Market in 2022?

The forecast period is expected to see a significant increase in the use of foliar application. This method offers several benefits, including strong resistance to diseases and pests, better tolerance to drought and soil salinity, quick uptake of nutrients, and resilience to physiological disorders. Foliar fertilization delivers nutrients directly to the leaves, addressing nutritional deficiencies more effectively compared to soil application.

Which is the dominant region in the Global Water Soluble Fertilizers Market?

The farming community in Europe is adopting advanced technologies to improve the agriculture sector with diverse landscapes which heavily rely on agriculture as their primary industry. Intensive farming practices are prominent in the Western region, supported by significant research and development efforts. This has led to the creation of specialized products tailored to specific crops.

What are the major drivers for the Global Water Soluble Fertilizers Market?

Rapid industrialization & urbanization and increased adoption of precision farming methods are the major drivers for the Global Water Soluble Fertilizers Market.

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Press Release

Water Soluble Fertilizers Market to Grow with a CAGR of 6.48% through 2028

Nov, 2023

Technological innovations in fertilizer production and rise in demand for micronutrient-based water-soluble fertilizers is expected to drive the Global Water Soluble Fertilizers Market growth in the

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