Water Soluble Fertilizers Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type, By Composition, By Crop, By Application, By Region and Competition, 2020-2030F

Description

Global Water Soluble Fertilizers Market was valued at USD 7.84 Billion in 2024 and is expected to reach USD 11.64 Billion by 2030 with a CAGR of 6.77% during the forecast period. 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.

Market Overview
Forecast Period	2026-2030
Market Size 2024	USD 7.84 Billion
Market Size 2030	USD 11.64 Billion
CAGR 2025-2030	6.77%
Fastest Growing Segment	Foliar Application
Largest Market	Europe

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. 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.

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.

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.

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. In November 2020, Gujarat State Fertilizers & Chemicals Ltd. (GSFC), a state-run enterprise, is set to introduce three new fertilizer variants under the Sardar brand for farmers in Himachal Pradesh, India. The official launch ceremony is scheduled for November 19, 2020, in the esteemed presence of Himachal Pradesh Chief Minister Jai Ram Thakur. Announcing the launch, Arvind Agarwal, Chairman & Managing Director of GSFC Ltd., tweeted that the initiative marks a significant step towards an #AtmaNirbharBharat, reaffirming the company's commitment to providing the best solutions for the farmers of Himachal Pradesh.

Key Market Players

Captain Polyplast Ltd.
CF Industries Holdings Inc.
Roullier Group
E.I.D. - Parry (India) Limited
BMS Micro-Nutrients NV
Yara International ASA
Green Has Italia S.p.A.
Grupa Azoty S.A.
Gujarat State Fertilizers and Chemicals Ltd.
Indian Farmers Fertiliser Cooperative Ltd.

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:

Calcium Nitrate
NPK
Potassium Nitrate
Potassium Sulphate
Urea Phosphate
Others

Water Soluble Fertilizers Market, By Composition:

Straight
Complex

Water Soluble Fertilizers Market, By Crop:

Horticultural
Turf & Ornamentals
Field Crop

Water Soluble Fertilizers Market, By Application:

Fertigation
Foliar Application

Water Soluble Fertilizers Market, By Region:

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

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:

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 (2024)
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 & Forecast
    - 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

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

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. Company Snapshot
- 14.1.3. Products & Services
- 14.1.4. Financials (As Reported)
- 14.1.5. Recent Developments
- 14.1.6. Key Personnel Details
- 14.1.7. SWOT Analysis
14.2. CF Industries Holdings Inc.
14.3. Roullier Group
14.4. E.I.D. - Parry (India) Limited
14.5. BMS Micro-Nutrients NV
14.6. Yara International ASA
14.7. Green Has Italia S.p.A.
14.8. Grupa Azoty S.A.
14.9. Gujarat State Fertilizers and Chemicals Ltd.
14.10. Indian Farmers Fertiliser Cooperative Ltd.