PUBLISHER: The Business Research Company | PRODUCT CODE: 1662426
PUBLISHER: The Business Research Company | PRODUCT CODE: 1662426
Water-soluble NPK fertilizers are composed of a combination of nitrogen (N), phosphorus (P), and potassium (K) ingredients. These fertilizers are known for their effectiveness, quick action, and significant benefits in enhancing the quality and yield of various field crops, cash crops, and horticultural plants.
The main crop types associated with water-soluble NPK fertilizers include field crops, horticultural crops, ornamentals, and other crop varieties. Field crops encompass herbaceous plants commonly cultivated in agricultural fields, such as hay, grains, or cotton. These water-soluble fertilizers are applied through methods like foliar application (spraying on leaves) and fertigation (application through irrigation systems).
The water soluble NPK fertilizers market research report is one of a series of new reports from The Business Research Company that provides water soluble NPK fertilizers market statistics, including water soluble NPK fertilizers industry global market size, regional shares, competitors with a water soluble NPK fertilizers market share, detailed water soluble NPK fertilizers market segments, market trends and opportunities, and any further data you may need to thrive in the water soluble NPK fertilizers industry. This water soluble NPK fertilizers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The water soluble npk fertilizers market size has grown strongly in recent years. It will grow from $13.6 billion in 2024 to $14.49 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to agricultural intensification, global population growth, shift towards commercial farming, demand for high-value crops, environmental regulations, increase in horticulture and floriculture, government subsidies and incentives, growing awareness of crop nutrition, climate variability and crop resilience.
The water soluble npk fertilizers market size is expected to see strong growth in the next few years. It will grow to $18.75 billion in 2029 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to rising global food demand, climate-smart agriculture practices, increasing trend of soilless cultivation, biostimulants and micronutrient incorporation, economic growth and farming practices, focus on crop-specific nutrient management. Major trends in the forecast period include hydroponic and soilless farming, customized nutrient formulations, digital agriculture and farm management, integration of micronutrients, technological advancements in fertilizer manufacturing, precision agriculture technologies, specialty crop cultivation.
The increasing demand for horticulture crops is projected to drive the growth of the water-soluble NPK fertilizer market in the future. Horticulture crops encompass plant varieties such as fruits, vegetables, and ornamental plants. The growing cultivation of these crops will lead to a higher utilization of water-soluble NPK fertilizers, thanks to their solubility in water and nutritional advantages that promote improved plant growth and productivity. For example, in September 2024, the Department of Agriculture, an Australian government agency, reported that the gross value of horticulture production is expected to hit a record $17.8 billion in 2024-25. This growth is likely to be fueled by increased yields in fruit and nut production, which will also enhance domestic output and export volumes. The global demand for these products is anticipated to surge, especially from high-value markets like China, Japan, and Korea. Therefore, the rising demand for horticulture crops is set to boost the water-soluble NPK fertilizers market.
A rising population is anticipated to drive the growth of the water-soluble NPK fertilizers market in the future. An increasing population refers to the growth in the total number of individuals living in a specific area, region, or country, resulting in demographic expansion. Water-soluble NPK fertilizers are essential for boosting global food production by supplying readily available and balanced nutrients, which in turn ensures higher crop yields to meet the needs of a growing population. For example, in November 2022, the United Nations, a US-based intergovernmental organization, projected that the world's population would increase by nearly 2 billion people over the next 30 years, rising from the current 8 billion to 9.7 billion by 2050. Therefore, the growing population is expected to stimulate the growth of the water-soluble NPK fertilizers market.
The adoption of advanced technology is a significant trend gaining traction in the water-soluble NPK fertilizers market. Key market players are focusing on integrating innovative technologies into their fertilizers to promote better root growth, enhance disease resistance, and maintain their market position. For example, in June 2023, ICL Growing Solutions, an Israel-based company, launched a new line of advanced foliar and fertigation solutions in North America under their Nova brand of water-soluble fertilizers. The flagship products include Nova FINISH(TM), Nova PULSE(TM), Nova ELEVATE(TM), and Nova FLOW(TM). These water-soluble NPK fertilizers are specifically designed to boost plant growth, improve fruit quality, and optimize nutrient delivery.
Major players in the water-soluble NPK fertilizer market are intensifying their focus on introducing high-purity fertilizers as a strategic advantage. These high-purity fertilizers are characterized by their elevated concentrations of vital plant nutrients while maintaining minimal impurities. For instance, in June 2023, ICL Group Ltd., an Israel-based fertilizer company, introduced an advanced line of water-soluble micronutrients and N-P-K fertilizers tailored for the North American agriculture market. These products are engineered to offer high-purity formulations of water-soluble N-P-Ks and micronutrients, precisely catering to crop nutrient requirements. Their specialized composition is designed for efficient nutrient delivery through foliar and fertigation methods. What sets these products apart is their unique formulation, maximizing solubility and exhibiting a high degree of compatibility with a wide range of herbicides and crop protectants. This compatibility significantly enhances their effectiveness in agricultural applications.
In June 2023, AGROFERT, a Czech-based multinational agricultural holding company involved in crop production, food processing, and fertilizer manufacturing, acquired Borealis for EUR 810 million ($884.15 million). This acquisition aims to enhance AGROFERT's position in the fertilizer market. Borealis is an Austrian-based international chemicals company that primarily produces polyolefins, base chemicals, fertilizers, and various specialty chemicals.
Major companies operating in the water soluble npk fertilizers market are Haifa Chemicals Ltd., Yara International ASA, Arab Potash Company, OMEX Agricultural Holdings Limited, Acron Group, Coromandel International Limited, EuroChem Group AG, Hebei Monband Water Soluble Fertilizer Co. Ltd., Indian Farmers Fertiliser Cooperative Limited, ICL Group Ltd., K+S Aktiengesellschaft AG, PhosAgro PJSC, Uralchem Integrated Chemicals Company, Grupa Azoty S.A., Chambal Fertilisers and Chemicals Ltd., Deepak Fertilisers and Petrochemicals Corporation Limited, Nutrien Ltd., Iowa Fertilizer Company, Qatar Fertiliser Company, Israel Chemical Limited, Sociedad Quimica Y Minera SA, BMS Micro-Nutrients NV, Compo Expert, The Mosaic Company, Gujarat Aksha Fertilizer Company, Tanvi Bio Chemical Pvt Ltd., Volkschem Crop Science Pvt Ltd., Antares Chem Private Limited, Ram Shree Chemicals
Europe was the largest region in the water soluble NPK fertilizers market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the water soluble npk fertilizers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the water soluble npk fertilizers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The water-soluble NPK fertilizers market consists of sales of water-soluble NPK fertilizers such as compound fertilizers. Values in this market are "factory gate" values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Water Soluble NPK Fertilizers Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on water soluble npk fertilizers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for water soluble npk fertilizers ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The water soluble npk fertilizers market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.