- +1-315-215-1633
- sales@thebrainyinsights.com
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.
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.
Get an overview of this study by requesting a free sample
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 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%
www.thebrainyinsights.com
Check the geographical analysis of this market by requesting a free sample
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.
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.
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.
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.
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 |
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.
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:
Global Water-Soluble Fertilizers Market by Type:
Global Water-Soluble Fertilizers Market by Application:
Global Water-Soluble Fertilizers Market by Crop Type:
Global Water-Soluble Fertilizers Market by Region:
Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision.
Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.
The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.
Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:
The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.
The data procurement stage involves in data gathering and collecting through various data sources.
This stage involves in extensive research. These data sources includes:
Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:
Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.
Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.
The supply side for a domain specific market is analysed by:
The demand side for the market is estimated through:
In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.
Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:
Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:
Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.
This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.
Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.
The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:
Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.
Free Customization
Fortune 500 Clients
Free Yearly Update On Purchase Of Multi/Corporate License
Companies Served Till Date
