Water-Soluble Fertilizers Market

Water-Soluble Fertilizers Market Size by Form (Dry and Liquid), Type (Nitrogen, Potassium, Phosphate, Secondary Nutrients, and Micro-Nutrients), Application (Foliar and Fertigation), Crop Type (Field Crop, Horticulture, Turf and Ornamentals and Others), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2024 to 2033

Base Year: 2023 Historical Data: 2020-22
  • Report ID: TBI-14310
  • Published Date: May, 2024
  • Pages: 236
  • Category: Chemicals & Materials
  • Format: PDF
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The global water-soluble fertilizers market was valued at USD 15 billion in 2023 and grew at a CAGR of 7% from 2024 to 2033. The market is expected to reach USD 29.50 billion by 2033. Given the rising population, the increasing demand for crop yield will drive the growth of the global water-soluble fertilizers market.

Market Introduction:

Water-soluble fertilizers are a type of fertilizer that dissolve completely in water. They are highly soluble, are quickly absorbed by plants, and provide versatility in application methods. These fertilizers contain essential nutrients such as nitrogen, phosphorus, potassium, and micronutrients like magnesium, calcium, and sulfur. Their rapid absorption by plant roots leads to quick nutrient uptake and visible growth responses. Water-soluble fertilizers offer precise control over nutrient concentrations, allowing users to tailor fertilizer applications to plant needs and growth stages. Water-soluble fertilizers are easy to handle, store, and application. They can be used in various ways, including foliar feeding and fertigation, making them suitable for small-scale gardening and large-scale agricultural operations. These fertilizers are compatible with modern farming practices such as hydroponics, greenhouse production, and precision agriculture. Water-soluble fertilizers increase crop yields, improve plant health, and enhance product quality. The controlled nutrient delivery offered by water-soluble fertilizers helps minimize nutrient runoff and leaching, reducing the risk of environmental pollution and improving the sustainability of agricultural practices.

Water-Soluble Fertilizers Market Size

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Recent Development
  • As part of its strategic group expansion plans, Southern Petrochemical Industries Corporation (SPIC) Ltd. planned to invest Rs. 1,900 crore. During the two-day Global Investors Meet 2024, the company committed the investments to the state. In line with the investment plan, SPIC Ltd has set aside Rs 970 crore to build a 150 MTPD green ammonia plant, increase capacity, and renovate the current urea plant. Rs 640 crore has been set aside by the group firm Greenstar Fertilisers Ltd. for the construction of a 2,500 MTPA sulfuric acid plant, a water-soluble fertilizer mixing plant in Chennai, and the renovation of already-existing units in Tuticorin. For Rs 290 crore, SPIC's Tuticorin Alkali Chemicals and Fertilisers Ltd. would establish a soda ash and ammonium chloride facility in Tuticorin.

Market Dynamics:


The growing population – With the global population on the rise, the demand for food is increasing substantially. Water-soluble fertilizers are crucial in meeting this demand by enhancing crop yields. Their ability to deliver essential nutrients directly to plant roots promotes optimal growth, making them indispensable for addressing the food requirements of a growing population. Recent innovations in fertilizer formulation technology have led to the development of specialized water-soluble fertilizers tailored to specific crop needs, soil conditions, and environmental considerations. These advancements have resulted in more efficient, effective, and environmentally sustainable fertilisers. Farmers now have access to diverse water-soluble fertilizers that maximize productivity while minimizing environmental impact. Changing consumer preferences for high-quality, safe, and sustainably produced food has also increased demand for water-soluble fertilizers. The growing population and food demand, technological advancements in fertilizer formulation, and evolving consumer preferences for quality and safety drive the increasing demand for water-soluble fertilizers.


The higher cost of water-soluble fertilizers the production of water-soluble fertilizers involves more intricate processes, requiring specialized equipment and technology. These production complexities contribute to higher labour and energy costs. Additionally, water-soluble fertilizers require specialized packaging to prevent moisture absorption and maintain product quality, adding to packaging and handling expenses. Transportation and storage costs are also higher for water-soluble fertilizers due to their hygroscopic nature, necessitating controlled humidity levels and airtight containers to prevent degradation. Applying water-soluble fertilizers often requires specialized equipment, necessitating additional investment and maintenance costs for farmers. Limited market demand and availability further inflate the prices of water-soluble fertilizers. Therefore, the higher cost of water-soluble fertilizers will hamper the market’s demand.


Favourable government regulation – Government regulations are being implemented globally to promote sustainable agricultural practices and mitigate environmental impacts. These regulations often restrict traditional fertilizers while incentivizing the adoption of environmentally friendly alternatives like water-soluble fertilizers. Subsidies and financial incentives governments provide further encourage farmers to transition to water-soluble fertilizers, promoting widespread adoption. Environmental concerns surrounding traditional fertilizer use have intensified the push towards water-soluble fertilizers. Therefore, government regulations and subsidies will contribute to the market’s growth during the forecast period.

  • The opening of Yara's first water-soluble fertilizer factory in China was announced. With the plant, Yara China will be able to further its objective of providing local farmers with sustainable solutions that boost crop yield and profitability domestically and internationally. In their mission to offer farmers in China and other countries top-notch crop-nutrition solutions, Yara Africa & Asia have accomplished a significant turning point. Yara China's establishment of Yara Crop Nutrition (Huaibei) Co., Ltd. aims to supply farmers, particularly smallholder farmers, with premium water-soluble fertilizer products to enhance soil health and crop nutrition.
Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Europe emerged as the most significant global water-soluble fertilizers market, with a 43% market revenue share in 2023.

The region's stringent regulations on fertilizer use and environmental protection favour the adoption of water-soluble fertilizers. Europe's emphasis on sustainable agriculture and environmental conservation encourages the adoption of innovative fertilization techniques, including water-soluble fertilizers. Europe's advanced agricultural research and innovation contribute to developing high-quality water-soluble fertilizers. European farmers increasingly adopt sustainable farming practices, driving demand for water-soluble fertilizers. Europe's favourable regulatory environment, technological innovation, commitment to sustainable farming practices, and strong market demand are attributed to its dominance in the market.

Europe Region Water-Soluble Fertilizers Market Share in 2023 - 43%



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  • The Nevinnomysskiy Azot location of EuroChem started getting ready to commission a new production plant with a minimum annual capacity of 70,000 tonnes. The new plant, which will cost 7.4 billion rubles (US$81 million), will begin producing largely water-soluble fertilizers like potassium nitrate (NOP). Our ability to produce water-soluble fertilizer will increase with the new project in Nevinnomyssk, which is crucial for using cutting-edge farming technologies.
Form Segment Analysis

The form segment is divided into dry and liquid. The liquid segment dominated the market, with a market share of around 80% in 2023. Liquid forms of water-soluble fertilizers are concentrated liquid solutions easily mixed with water for crop application. Liquid fertilizers offer easy application and handling, making them convenient for farmers. They can be applied using various equipment such as sprayers, injectors, or irrigation systems, facilitating versatility. Liquid fertilizers dissolve completely in water, ensuring uniform nutrient distribution and improving yields and quality. Liquid water-soluble fertilizers offer versatility in nutrient management as they can be easily adjusted to meet specific crop needs and growth stages. Additionally, liquid fertilizers can be tank-mixed with other agricultural inputs, such as pesticides or micronutrients, simplifying application processes and saving time and resources. Therefore, the ease of application, uniform nutrient distribution, quick absorption, versatility, and compatibility with other inputs offered by liquid form contribute to its dominance in the market.

Type Segment Analysis

The type segment is divided into nitrogen, potassium, phosphate, secondary nutrients, and micro-nutrients. The nitrogen segment dominated the market, with a market share of around 47% in 2023. Nitrogenous water-soluble fertilizers contain nitrogen. They dissolve completely in water, allowing plants to efficiently uptake nutrients. Nitrogen is crucial for various physiological processes in plants, making nitrogenous fertilizers indispensable for crop production. They are versatile and suitable for various crops, adaptable to different agricultural practices and production systems. Numerous manufacturers produce and market nitrogenous water-soluble fertilisers, ensuring widespread accessibility to farmers in different regions. Therefore, the essential role of nitrogen in plant nutrition, coupled with the versatility, high nutrient content, and global availability of nitrogenous water-soluble fertilizers, contribute to its dominance in the market.

  • Together with the Tamil Nadu Agricultural Input Dealers' Association, Tamil Nadu Agricultural University (TNAU) will produce large quantities of their "All 19" NPK (nitrogen, phosphorus, and potassium) water-soluble fertilizer at three locations. Production is about to begin in Madurai and is already underway at the centre in Coimbatore. Production will soon begin in the Tuticorin district's Killikulam.
Application Segment Analysis

The application segment is divided into foliar and fertigation. The fertigation segment dominated the market, with a share of around 67% in 2023. Fertigation involves injecting fertilizer solutions directly into the irrigation water, distributed to plants through the irrigation system. Fertigation combines the benefits of irrigation and fertilization. Fertigation offers efficient nutrient delivery. Fertigation ensures uniform distribution of nutrients throughout the plants. This results in optimized nutrient uptake by crops, promoting balanced growth and development. Fertigation also allows for precise control over nutrient application rates and timing to meet the specific nutrient requirements of crops at different growth stages. This flexibility maximizes nutrient use efficiency and minimizes waste. Fertigation eliminates the need for manual spreading or spraying of fertilizers, reducing labour costs and saving time in the field. Fertigation offers efficient, precise, and environmentally sustainable nutrient delivery to crops, making it a preferred method of fertilizer application for many farmers.

  • ICL's Nova brand now includes four additional water-soluble fertilizers that provide foliar and fertigation solutions for precision crop nutrition throughout the crop growth cycle. ICL America do Sul is behind the products Nova FLOW, Nova ELEVATE, Nova PULSE, and Nova FINISH. These fertilizers include water-soluble, high-purity NPKs with micronutrients specifically matched to crops' nutrient needs. They have a special formulation that maximizes solubility and is compatible with most crop protectants and herbicides.
Crop type Segment Analysis

The crop type segment is divided into field crops, horticulture, turf and ornamentals and others. The horticulture segment dominated the market, with a market share of around 37% in 2023. Horticulture is a branch of agriculture focused on cultivating plants for ornamental, aesthetic, and functional purposes. Horticultural crops often have precise nutrient requirements that vary throughout their growth cycle. Water-soluble fertilizers offer precise control over nutrient delivery. Horticultural crops are commonly grown in hydroponic systems, making water-soluble fertilizers an ideal choice due to their ability to dissolve completely in water. Horticultural producers often employ precision agriculture techniques to optimize crop management. Water-soluble fertilizers support precision agriculture. Water-soluble fertilizers are the preferred choice in horticulture due to their precise nutrient control, suitability for hydroponic systems, compatibility with foliar feeding, and support for precision agriculture practices.

  • Leading biological solution provider Novozymes South Asia and agritech startup Zuari FarmHub have teamed to introduce 100% water soluble fertilizer Poorna Advanced, which features cutting-edge LCO Promoter Technology. The beneficial bacteria in the soil close to the plant's roots are communicated with by means of this technique. Boosting nutrient uptake, strengthening crop resilience, and encouraging a healthy root zone.
Some of the Key Market Players:
  • Agrium Inc.
  • Coromandel International Ltd.
  • Haifa Chemicals Ltd.
  • Indian Farmers Fertilizer Cooperative
  • Israel Chemical Ltd.
  • Qatar fertilizer company
  • Rashtriya Chemicals & Fertilizers
  • The Mosaic Company
  • Yara International ASA
  • Zuari Industries Ltd.

Report Description:

Attribute Description
Market Size Revenue (USD Billion)
Market size value in 2023 USD 15 Billion
Market size value in 2033 USD 29.50 Billion
CAGR (2024 to 2033) 7%
Historical data 2020-2022
Base Year 2023
Forecast 2024-2033
Region The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East and Africa. Furthermore, the regions are further analyzed at the country level.
Segments Form, Type, Application and Crop Type

Frequesntly Asked Questions

As per The Brainy Insights, the size of the global water-soluble fertilizers market was valued at USD 15 billion in 2023 to USD 29.50 billion by 2033.

Global water-soluble fertilizers market is growing at a CAGR of 7% during the forecast period 2024-2033.

The market's growth will be influenced by the growing population.

The higher cost of water-soluble fertilizers could hamper the market growth.

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This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global water-soluble fertilizers market based on below mentioned segments:

Global Water-Soluble Fertilizers Market by Form:

  • Dry
  • Liquid

Global Water-Soluble Fertilizers Market by Type:

  • Nitrogen
  • Potassium
  • Phosphate
  • Secondary Nutrients
  • Micro-Nutrients

Global Water-Soluble Fertilizers Market by Application:

  • Foliar
  • Fertigation

Global Water-Soluble Fertilizers Market by Crop Type:

  • Field Crop
  • Horticulture
  • Turf and Ornamentals
  • Others

Global Water-Soluble Fertilizers Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa


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