Water-Soluble Fertilizers Market

Global Water-Soluble Fertilizer Market is valued at USD 15.36 Billion in 2021 and expected to reach USD 25.32 Billion by 2028 with a CAGR of 7.40% over the forecast period. 

Scope of Global Water-Soluble Fertilizer Market

Water-soluble fertilizers (WSF) are fertilizers that can easily dissolve in the soil. Various fertilizers and fertilization techniques have become significant solutions to the ever-increasing demand for agricultural products. Modern agriculture must supply products at optimum rates throughout the growing cycle as efficiently as possible while maintaining water resources and soil degradation. Water-soluble fertilizers are of various types such as phosphatic, nitrogen, potassic, and micronutrients. Due to their nutritional properties, they also find use in foliar operations. By crop type, WSF can be segmented into plantations, cereals, horticulture, vegetables, greenhouse crops, turf, and ornamentals. With WSF, essential nutrients can be applied evenly throughout the plant on a daily basis. It also helps to reduce the number of salts in the soil. 

The Covid-19 pandemic has shown a negative impact on the growth of the global water-soluble fertilizer market. Due to the Covid-19 pandemic, the global fertilizer sector has been affected since the beginning, mainly in China, which is the world's largest producer as well as consumer of agricultural micronutrients. The novel coronavirus outbreak in China has had the most severe impact on the entire Chinese agrarian sector, affecting both domestic and international movements of micronutrient products and raw materials.

The global water-soluble fertilizer market is segmented on the type, application, crop type and region & country level. Based on type, the global water-soluble fertilizer market is segmented into potassic, phosphatic, nitrogenous, and micronutrients. By application, the global water-soluble fertilizer market is segmented into fertigation, and foliar. By crop type, the global water-soluble fertilizer market is segmented into turf & ornamentals, field crops, and other crop types.

The regions covered in the global water-soluble fertilizer market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global water-soluble fertilizer is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc. 

Global Water-Soluble Fertilizer Segmentation

By Type

• Potassic
• Phosphatic
• Nitrogenous 
• Micronutrients 

By Application

• Fertigation 
• Foliar 

By Crop Type

• Turf & Ornamentals 
• Field Crops 
• Other Crop Types 

Key Players of Global Water-Soluble Fertilizer Market

Some major key players for the global water-soluble fertilizer market report cover prominent players like

• Agrium Inc.
• Lowa Fertilizer
• Israel Chemical Ltd. (ICL)
• The Mosaic Company
• Coromandel International Ltd.
• Sociedad Química Y Minera De Chile (SQM)
• Hebei Monband Water Soluble Fertilizer Co.
• Ltd., Yara International Asa
• K+S AKTiengesellschaft
• CF Industries Holdings Inc.
• Others

News-

Gujarat State Fertilizers and Chemicals Limited (GSFC) Manufacture Water Soluble Fertilizer 

On October 6th, 2020; Gujarat State Fertilizers and Chemicals Limited (GSFC), an Indian manufacturer of fertilizers and industrial chemicals, recently announced that the company is taking up the production of calcium nitrate (CN), a water-soluble fertilizer. GSFC has become the first company in India to manufacture calcium nitrate indigenously under the 'Atmanirbhar Bharat Abhiyan'. 

GAIC Launched Water Soluble Fertilizers 

On January 10th, 2020; Gujarat Agro Industries Corporation (GAIC) launched various grades of imported water-soluble fertilizers at an event in Ahmedabad. GAIC Chairman Mr. Madhubhai Srivastava launched the water-soluble fertilizers in the presence of GAIC Managing Director Mr. KS Randhawa, GAIC Senior Officers Mr. Abhay Jain and Mrs. Hetal Desai, and a large number of leading dealers of GAIC across the state. 

Increasing Awareness among Farmers regarding These Kind of Products, Rising Advancements in the Agricultural Industry, and Growing Concern regarding the Soil Fertility Management are Some of the Major Factors Driving the Market Growth  

One of the significant factors diving the growth of the water-soluble fertilizer market is the increasing awareness among farmers regarding the benefits of these kind of products. High-value crops including vegetables and fruits are expected to boost market demand. Increased protection of cultivated crops is expected to attract growers worldwide as it offers better returns on investment. A large number of producers entered the greenhouse system of the agricultural products industry to obtain higher rates for their produce. The application of these fertilizers is expected to be highly seasonal and improved, thus protected crop production will increase the market demand for fertilizer products, especially for water soluble fertilizers. 

In addition, the rising advancements in the agricultural industry are also supplementing the growth of the water-soluble fertilizer market. Due to the progress in the agriculture industry and increasing technological innovations in the past few years, the water-soluble fertilizers market is projected to serve a wide range of agricultural processes including fertigation, micro irrigation, horticulture, and many other agricultural processes along with a wide range of soluble fertilizers. Estimated period. Moreover, the various research and development activities in the field of biofertilizers are estimated to increase the demand for water-soluble fertilizers. For instance; on August 15th, 2022; Bayer launched a sustainable agriculture hub to connect U.S. farmers, food, and fuel makers. 

Moreover, the growing concern regarding the soil fertility management is also fostering the market growth. Significant benefits of soil fertility management to reduce the loss of arable land and meet growing global food demand are expected to boost the size of the water-soluble fertilizers industry. Significant changes in farming practices and a positive attitude towards the practice of technology and innovations to increase farm fertility are expected to fuel the growth of the global water-soluble fertilizers market.

However, the high price associated with water-soluble fertilizer may hinder the growth of the global water-soluble fertilizer market. Despite that, technological advancements in this field and rising number of innovative product offerings may create more opportunities for the further growth of the global water-soluble fertilizer market. 

North America is Expected to Capture a Major Share in the Global Water-Soluble Fertilizer Market 

Geographically, North America is expected to capture a major share in the global water-soluble fertilizer market within the forecast period due to the increasing awareness about the benefits of water-soluble fertilizers, rising growth of agricultural sector, and growing agricultural technologies in this region. For instance; Agriculture, food, and related industries contributed $1.055 trillion to the U.S. gross domestic product (GDP) in 2020, a 5.0-percent share. 

The Asia Pacific is the fastest-growing region in the global water-soluble fertilizer market due to increasing adoption of modern farming processes, rising population, and growing exports of agricultural technologies and fertilizers these factors boost the market. For instance; on February 22nd, 2022; the Government of Sikkim has launched modern farming techniques. 

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2022 - 2028
Market Size in 2021:	USD 15.36 Billion
Base year considered	2021
Forecast Period CAGR %:	7.40%
Market Size Expected in 2028:	USD 25.32 Billion
Tables, Charts & Figures:	175
Pages	300
Water-Soluble Fertilizers Manufacturers	Agrium Inc., Lowa Fertilizer, Israel Chemical Ltd. (ICL), The Mosaic Company, Coromandel International Ltd., Sociedad Química Y Minera De Chile (SQM), Hebei Monband Water Soluble Fertilizer Co., Ltd., Yara International Asa, K+S AKTiengesellschaft, CF Industries Holdings Inc., and others.
Segments Covered	By Type, By Application, By Crop Type
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa