Water Soluble Fertilizer Market Size
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 19.61 Billion |
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Market Size (2030) | USD 28.2 Billion |
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Largest Share by Crop Type | Field Crops |
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CAGR (2024 - 2030) | 6.24 % |
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Largest Share by Region | Asia-Pacific |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
Water Soluble Fertilizer Market Analysis
The Water Soluble Fertilizer Market size is estimated at 19.61 billion USD in 2024, and is expected to reach 28.2 billion USD by 2030, growing at a CAGR of 6.24% during the forecast period (2024-2030).
19.61 Billion
Market Size in 2024 (USD)
28.2 Billion
Market Size in 2030 (USD)
6.75 %
CAGR (2017-2023)
6.24 %
CAGR (2024-2030)
Largest segment by Type
41.68 %
value share, Phosphatic, 2023
Phosphatic fertilizers are commonly used in water-soluble forms due to their solubility in water, providing an accessible source of phosphorus for plants.
Largest segment by Application Mode
54.09 %
value share, Fertigation, 2023
The higher share of the fertigation method is due to the global adoption of micro-irrigation systems. This method is precise in delivering fertilizers directly to the plant's root zone.
Largest Segment by Crop Type
7.40 %
Projected CAGR, Horticultural Crops, 2024-2030
The demand for water-soluble is high in horticultural crops due to their quick nutrient availability and the large horticulture area equipped with irrigation system.
Largest segment by Country
29.49 %
value share, China, 2023
The consumption of water-soluble fertilizers increased in the country due to the advantages such as reduced fertilizer usage, water, labor, and increased yield of the crops.
Leading Market Player
17.45 %
market share, Yara International ASA, 2022
Yara has secured the leading position in the market by offering a wide range of water-soluble fertilizers. YaraBela and YaraRega are the popular brand of the company.
The expansion of cultivation areas is driving the demand for water-soluble fertilizers, improving productivity
- Field crop cultivation dominates globally, accounting for about 78.8% of the total water-soluble fertilizer consumption. The cultivation of these crops led to a consumption of 29.1 million metric tons of water-soluble fertilizers, valued at USD 18.19 billion. The large consumption of water-soluble fertilizers by field crops was due to the large area under the cultivation of these crops. More than 90.0% of the global agricultural land is dedicated to the cultivation of field crops.
- Generally, there is more demand for water-soluble fertilizers in horticultural crops, as they are well-equipped for irrigation like sprinkler or micro irrigation systems. Water-soluble fertilizers can be applied using the foliar or fertigation method. Horticultural crops are the second-largest crop types that consume water-soluble fertilizers, and they accounted for about 18.8% of the global water-soluble fertilizer market volume in 2022. Foliar water-soluble fertilizers play an important role in fruit crops, as foliar spraying is known to improve the quality of the fruits.
- Turf & ornamental crops account for about 3.5% of the global water-soluble fertilizer market volume and consume 984.0 thousand million metric tons. The growing demand for these crops in various applications and the adoption of environmentally friendly fertilizers are increasing the market for water-soluble fertilizers in these crops. The market is expected to register a CAGR of 5.4% due to the increasing area under cultivation of turf & ornamental crops. This is due to the increasing concern over pollution and the growing importance of aesthetic landscaping gardens and ecotourism globally.
- Therefore, the global consumption of water-soluble fertilizers in respective crop types is anticipated to grow during 2023-2030.
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The market is witnessing growth as farmers prioritize maximizing crop yields
- The Asia-Pacific water-soluble fertilizer market accounted for 43.9% of market share and witnessed stable growth during the study period, with an overall value in the country amounting to USD 10.1 billion in 2022. Field crops occupied the largest share of 81.6%, followed by horticultural crops.
- Over the past few years, the soluble fertilizer industry in China has experienced significant growth and development due to its numerous benefits. This industry has proven to be an effective solution for reducing fertilizer usage, water, labor, and cost while simultaneously increasing crop yield and quality. This growth has been facilitated by the government's favorable policies toward modern agriculture development and substantial investment in the industry.
- The market for specialty fertilizers in North America is largely dominated by water-soluble fertilizers, which held a market share of 52.8% in 2022. The demand for these fertilizers is influenced by the variety of nutrient grades available, as well as the different application modes such as foliar or fertigation, depending on the specific application requirements. Based on the analysis, the fertigation mode accounted for 54.7% of the market share in 2022, while the foliar application mode accounted for 45.3%.
- In recent years, there has been a considerable surge in the demand for specialized fertilizers, such as water-soluble fertilizers, among farmers worldwide. The primary reason behind this trend is that farmers are increasingly looking to maximize their crop yield per hectare. These fertilizers are known to provide the required nutrients to the crops in a readily available form, promoting better plant growth and yield. As a result, the market is expected to continue to grow during 2023-2030.
Global Water Soluble Fertilizer Market Trends
The rising pressure on the agriculture industry to meet the growing food demand is expected to increase the area under field crop cultivation
- The global agricultural sector is currently facing many challenges. According to the United Nations, the world population may exceed 9 billion by 2050. This population growth could overburden the agricultural industry, which is already experiencing an output loss due to a lack of laborers and the shrinkage of agricultural fields caused by rising urbanization. According to the Food and Agriculture Organization, 70% of the global population is expected to live in cities by 2050. Due to the global loss of arable land, farmers now need to utilize more fertilizers to increase crop yields.
- Asia-Pacific is the world's largest producer of agricultural products. Agriculture is critical to the region's economy, as it employs about 20% of the total available workforce. Field crop cultivation dominates the region, accounting for more than 95% of the total crop area in the region. Rice, wheat, and corn are the major field crops produced in the region, together accounting for about 24.3% of the total crop area in 2022.
- North America ranks as the second-largest arable region globally. Its farms cultivate a diverse range of crops, with a focus on field crops. Notably, corn, cotton, rice, soybean, and wheat are the prominent field crops, as highlighted by the USDA. In 2022, the United States accounted for 46.2% of North America's crop cultivation area. However, the country witnessed a significant drop in crop acreage between 2017 and 2019, primarily due to adverse environmental conditions, leading to severe flooding in regions like Texas and Houston.
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The global average application rate of primary nutrient nitrogen, potassium, and phosphorus in field crops is 164.31 kg/ha
- Corn, rapeseed, cotton, sorghum, rice, wheat, and soybean are among the primary nutrient-intensive crops globally. The average application rates for primary nutrients in these crops were 230.57 kg/ha, 255.75 kg/ha, 172.70 kg/ha, 158.46 kg/ha, 154.49 kg/ha, 135.35 kg/ha, and 120.97 kg/ha, respectively. Primary nutrient fertilizers are vital for crops as they facilitate crucial plant metabolic processes and contribute to the formation of key tissues, including cells, cell membranes, and chlorophyll. Phosphorus is pivotal for cultivating high-quality crops, while potassium activates enzymes crucial for plant growth.
- The global average application rate for nitrogen, potassium, and phosphorus in field crops stands at 164.31 kg/ha. Nitrogen leads the pack as the most widely used primary nutrient fertilizer, with an application rate of 224.6 kg/ha, followed by potassic fertilizers at 150.3 kg/ha. Phosphorus ranks third, with an application rate of 117.9 kg/ha in 2022.
- In 2022, rapeseed recorded the highest nitrogen application rate at 347.4 kg/ha, while corn topped the phosphorus application rate at 156.3 kg/ha. Canola took the lead for potassium application, with a rate of 248.6 kg/ha.
- The global cultivation area for field crops is on the rise, notably in South America and the Asia-Pacific region, making them potential growth markets for fertilizers. Developed regions like Europe and North America, along with areas grappling with nutrient deficiencies, are increasingly turning to specialty fertilizers for their efficacy. These factors are poised to propel the primary nutrient fertilizers market in the coming years.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- The growing demand for fruits and vegetables drives the expansion of horticulture crop cultivation
- Micronutrient deficiency can cause several detrimental effects in vegetable crops.
- Plants require a steady supply of sulfur from early growth stages until harvest, as its immobility within the plant can lead to limited yields if not adequately supplied
- Technical advancements in irrigation equipment and well water management practices may increase area under irrigation
- Asia-Pacific accounted for the highest average micronutrient application rate of 5.20 kg/hectare
- Compared to other vegetable crops, tomatoes receive many primary nutrients, with an average primary nutrient application rate of 232.06 kg/ha
- Magnesium has accounted for the highest average application rate in vegetable crops among the secondary nutrients
Water Soluble Fertilizer Industry Overview
The Water Soluble Fertilizer Market is fragmented, with the top five companies occupying 33.84%. The major players in this market are ICL Group Ltd, Indian Farmers Fertiliser Cooperative Limited, K+S Aktiengesellschaft, Sociedad Quimica y Minera de Chile SA and Yara International ASA (sorted alphabetically).
Water Soluble Fertilizer Market Leaders
ICL Group Ltd
Indian Farmers Fertiliser Cooperative Limited
K+S Aktiengesellschaft
Sociedad Quimica y Minera de Chile SA
Yara International ASA
Other important companies include BMS Micro-Nutrients NV, Coromandel International Ltd., Grupa Azoty S.A. (Compo Expert), Haifa Group.
*Disclaimer: Major Players sorted in alphabetical order.
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Water Soluble Fertilizer Market News
- April 2023: K+S acquired a 75% share of the fertilizer business of South African trading company Industrial Commodities Holdings (Pty) Ltd (ICH). In addition to expanding the core business, K+S is strengthening its operations in southern and eastern Africa as a result of this acquisition. The newly acquired fertilizer business in the future to be operated in a joint venture, under the name of FertivPty Ltd.
- May 2022: ICL launched three new NPK formulations of Solinure, a product with increased trace elements to optimize yields.
- May 2022: ICL signed an agreement with customers in India and China to supply 600,000 and 700,000 metric tons of potash, respectively, in 2022 at USD 590 per ton.
Free with this Report
Along with the report, We also offer a comprehensive and exhaustive data pack with 25+ graphs on area under cultivation and average application rate per hectare. The data pack includes Globe, North America, Europe, Asia-Pacific, South America, and Africa.
Water Soluble Fertilizer Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Acreage Of Major Crop Types
2.1.1. Field Crops
2.1.2. Horticultural Crops
2.2. Average Nutrient Application Rates
2.2.1. Micronutrients
2.2.1.1. Field Crops
2.2.1.2. Horticultural Crops
2.2.2. Primary Nutrients
2.2.2.1. Field Crops
2.2.2.2. Horticultural Crops
2.2.3. Secondary Macronutrients
2.2.3.1. Field Crops
2.2.3.2. Horticultural Crops
2.3. Agricultural Land Equipped For Irrigation
2.4. Regulatory Framework
2.5. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
3.1. Type
3.1.1. Complex
3.1.2. Straight
3.1.2.1. By Nutrient
3.1.2.1.1. Micronutrients
3.1.2.1.2. Nitrogenous
3.1.2.1.3. Phosphatic
3.1.2.1.4. Potassic
3.1.2.1.5. Secondary Macronutrients
3.2. Application Mode
3.2.1. Fertigation
3.2.2. Foliar
3.3. Crop Type
3.3.1. Field Crops
3.3.2. Horticultural Crops
3.3.3. Turf & Ornamental
3.4. Region
3.4.1. Asia-Pacific
3.4.1.1. Australia
3.4.1.2. Bangladesh
3.4.1.3. China
3.4.1.4. India
3.4.1.5. Indonesia
3.4.1.6. Japan
3.4.1.7. Pakistan
3.4.1.8. Philippines
3.4.1.9. Thailand
3.4.1.10. Vietnam
3.4.1.11. Rest of Asia-Pacific
3.4.2. Europe
3.4.2.1. France
3.4.2.2. Germany
3.4.2.3. Italy
3.4.2.4. Netherlands
3.4.2.5. Russia
3.4.2.6. Spain
3.4.2.7. Ukraine
3.4.2.8. United Kingdom
3.4.2.9. Rest of Europe
3.4.3. Middle East & Africa
3.4.3.1. Nigeria
3.4.3.2. Saudi Arabia
3.4.3.3. South Africa
3.4.3.4. Turkey
3.4.3.5. Rest of Middle East & Africa
3.4.4. North America
3.4.4.1. Canada
3.4.4.2. Mexico
3.4.4.3. United States
3.4.4.4. Rest of North America
3.4.5. South America
3.4.5.1. Argentina
3.4.5.2. Brazil
3.4.5.3. Rest of South America
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles
4.4.1. BMS Micro-Nutrients NV
4.4.2. Coromandel International Ltd.
4.4.3. Grupa Azoty S.A. (Compo Expert)
4.4.4. Haifa Group
4.4.5. ICL Group Ltd
4.4.6. Indian Farmers Fertiliser Cooperative Limited
4.4.7. K+S Aktiengesellschaft
4.4.8. Sociedad Quimica y Minera de Chile SA
4.4.9. Yara International ASA
5. KEY STRATEGIC QUESTIONS FOR FERTILIZER CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- CULTIVATION OF FIELD CROPS IN HECTARE, GLOBAL, 2017 - 2022
- Figure 2:
- CULTIVATION OF HORTICULTURAL CROPS IN HECTARE, GLOBAL, 2017 - 2022
- Figure 3:
- CONSUMPTION OF MICRONUTRIENTS BY FIELD CROPS IN KG/HECTARE, GLOBAL, 2022
- Figure 4:
- CONSUMPTION OF MICRONUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, GLOBAL, 2022
- Figure 5:
- CONSUMPTION OF PRIMARY NUTRIENTS BY FIELD CROPS IN KG/HECTARE, GLOBAL, 2022
- Figure 6:
- CONSUMPTION OF PRIMARY NUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, GLOBAL, 2022
- Figure 7:
- CONSUMPTION OF SECONDARY MACRONUTRIENTS BY FIELD CROPS IN KG/HECTARE, GLOBAL, 2022
- Figure 8:
- CONSUMPTION OF SECONDARY MACRONUTRIENTS BY HORTICULTURAL CROPS IN KG/HECTARE, GLOBAL, 2022
- Figure 9:
- AGRICULTURAL LAND EQUIPPED FOR IRRIGATION IN HECTARE, GLOBAL, 2022
- Figure 10:
- SPECIALITY FERTILIZER CONSUMPTION IN METRIC TON, GLOBAL, 2017 - 2030
- Figure 11:
- SPECIALITY FERTILIZER CONSUMPTION IN USD, GLOBAL, 2017 - 2030
- Figure 12:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY TYPE IN METRIC TON, GLOBAL, 2017 - 2030
- Figure 13:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY TYPE IN USD, GLOBAL, 2017 - 2030
- Figure 14:
- WATER SOLUBLE FERTILIZER CONSUMPTION VOLUME BY TYPE IN %, GLOBAL, 2017 VS 2023 VS 2030
- Figure 15:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY TYPE IN %, GLOBAL, 2017 VS 2023 VS 2030
- Figure 16:
- WATER SOLUBLE FERTILIZER CONSUMPTION IN METRIC TON, GLOBAL, 2017 - 2030
- Figure 17:
- WATER SOLUBLE FERTILIZER CONSUMPTION IN USD, GLOBAL, 2017 - 2030
- Figure 18:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, GLOBAL, 2023 VS 2030
- Figure 19:
- STRAIGHT FERTILIZER CONSUMPTION BY NUTRIENT IN METRIC TON, GLOBAL, 2017 - 2030
- Figure 20:
- STRAIGHT FERTILIZER CONSUMPTION BY NUTRIENT IN USD, GLOBAL, 2017 - 2030
- Figure 21:
- STRAIGHT FERTILIZER CONSUMPTION VOLUME BY NUTRIENT IN %, GLOBAL, 2017 VS 2023 VS 2030
- Figure 22:
- STRAIGHT FERTILIZER CONSUMPTION VALUE BY NUTRIENT IN %, GLOBAL, 2017 VS 2023 VS 2030
- Figure 23:
- MICRONUTRIENTS FERTILIZER CONSUMPTION IN METRIC TON, GLOBAL, 2017 - 2030
- Figure 24:
- MICRONUTRIENTS FERTILIZER CONSUMPTION IN USD, GLOBAL, 2017 - 2030
- Figure 25:
- MICRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY FORM IN %, GLOBAL, 2023 VS 2030
- Figure 26:
- NITROGENOUS FERTILIZER CONSUMPTION IN METRIC TON, GLOBAL, 2017 - 2030
- Figure 27:
- NITROGENOUS FERTILIZER CONSUMPTION IN USD, GLOBAL, 2017 - 2030
- Figure 28:
- NITROGENOUS FERTILIZER CONSUMPTION VALUE BY FORM IN %, GLOBAL, 2023 VS 2030
- Figure 29:
- PHOSPHATIC FERTILIZER CONSUMPTION IN METRIC TON, GLOBAL, 2017 - 2030
- Figure 30:
- PHOSPHATIC FERTILIZER CONSUMPTION IN USD, GLOBAL, 2017 - 2030
- Figure 31:
- PHOSPHATIC FERTILIZER CONSUMPTION VALUE BY FORM IN %, GLOBAL, 2023 VS 2030
- Figure 32:
- POTASSIC FERTILIZER CONSUMPTION IN METRIC TON, GLOBAL, 2017 - 2030
- Figure 33:
- POTASSIC FERTILIZER CONSUMPTION IN USD, GLOBAL, 2017 - 2030
- Figure 34:
- POTASSIC FERTILIZER CONSUMPTION VALUE BY FORM IN %, GLOBAL, 2023 VS 2030
- Figure 35:
- SECONDARY MACRONUTRIENTS FERTILIZER CONSUMPTION IN METRIC TON, GLOBAL, 2017 - 2030
- Figure 36:
- SECONDARY MACRONUTRIENTS FERTILIZER CONSUMPTION IN USD, GLOBAL, 2017 - 2030
- Figure 37:
- SECONDARY MACRONUTRIENTS FERTILIZER CONSUMPTION VALUE BY FORM IN %, GLOBAL, 2023 VS 2030
- Figure 38:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY APPLICATION MODE IN METRIC TON, GLOBAL, 2017 - 2030
- Figure 39:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY APPLICATION MODE IN USD, GLOBAL, 2017 - 2030
- Figure 40:
- WATER SOLUBLE FERTILIZER CONSUMPTION VOLUME BY APPLICATION MODE IN %, GLOBAL, 2017 VS 2023 VS 2030
- Figure 41:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY APPLICATION MODE IN %, GLOBAL, 2017 VS 2023 VS 2030
- Figure 42:
- WATER SOLUBLE APPLICATION OF SPECIALITY FERTILIZER IN METRIC TON, GLOBAL, 2017 - 2030
- Figure 43:
- WATER SOLUBLE APPLICATION OF SPECIALITY FERTILIZER IN USD, GLOBAL, 2017 - 2030
- Figure 44:
- WATER SOLUBLE APPLICATION OF SPECIALITY FERTILIZER IN VALUE BY CROP TYPE IN %, GLOBAL, 2023 VS 2030
- Figure 45:
- WATER SOLUBLE APPLICATION OF SPECIALITY FERTILIZER IN METRIC TON, GLOBAL, 2017 - 2030
- Figure 46:
- WATER SOLUBLE APPLICATION OF SPECIALITY FERTILIZER IN USD, GLOBAL, 2017 - 2030
- Figure 47:
- WATER SOLUBLE APPLICATION OF SPECIALITY FERTILIZER IN VALUE BY CROP TYPE IN %, GLOBAL, 2023 VS 2030
- Figure 48:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY CROP TYPE IN METRIC TON, GLOBAL, 2017 - 2030
- Figure 49:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY CROP TYPE IN USD, GLOBAL, 2017 - 2030
- Figure 50:
- WATER SOLUBLE FERTILIZER CONSUMPTION VOLUME BY CROP TYPE IN %, GLOBAL, 2017 VS 2023 VS 2030
- Figure 51:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, GLOBAL, 2017 VS 2023 VS 2030
- Figure 52:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY FIELD CROPS IN METRIC TON, GLOBAL, 2017 - 2030
- Figure 53:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY FIELD CROPS IN USD, GLOBAL, 2017 - 2030
- Figure 54:
- FERTILIZER CONSUMPTION VALUE BY TYPE IN %, GLOBAL, 2023 VS 2030
- Figure 55:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN METRIC TON, GLOBAL, 2017 - 2030
- Figure 56:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY HORTICULTURAL CROPS IN USD, GLOBAL, 2017 - 2030
- Figure 57:
- FERTILIZER CONSUMPTION VALUE BY TYPE IN %, GLOBAL, 2023 VS 2030
- Figure 58:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY TURF & ORNAMENTAL IN METRIC TON, GLOBAL, 2017 - 2030
- Figure 59:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY TURF & ORNAMENTAL IN USD, GLOBAL, 2017 - 2030
- Figure 60:
- FERTILIZER CONSUMPTION VALUE BY TYPE IN %, GLOBAL, 2023 VS 2030
- Figure 61:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY REGION IN METRIC TON, GLOBAL, 2017 - 2030
- Figure 62:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY REGION IN USD, GLOBAL, 2017 - 2030
- Figure 63:
- WATER SOLUBLE FERTILIZER CONSUMPTION VOLUME BY REGION IN %, GLOBAL, 2017 VS 2023 VS 2030
- Figure 64:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY REGION IN %, GLOBAL, 2017 VS 2023 VS 2030
- Figure 65:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY COUNTRY IN METRIC TON, ASIA-PACIFIC, 2017 - 2030
- Figure 66:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY COUNTRY IN USD, ASIA-PACIFIC, 2017 - 2030
- Figure 67:
- WATER SOLUBLE FERTILIZER CONSUMPTION VOLUME BY COUNTRY IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 68:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY COUNTRY IN %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 69:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY AUSTRALIA IN METRIC TON, AUSTRALIA, 2017 - 2030
- Figure 70:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY AUSTRALIA IN USD, AUSTRALIA, 2017 - 2030
- Figure 71:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, AUSTRALIA, 2023 VS 2030
- Figure 72:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY BANGLADESH IN METRIC TON, BANGLADESH, 2017 - 2030
- Figure 73:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY BANGLADESH IN USD, BANGLADESH, 2017 - 2030
- Figure 74:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, BANGLADESH, 2023 VS 2030
- Figure 75:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY CHINA IN METRIC TON, CHINA, 2017 - 2030
- Figure 76:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY CHINA IN USD, CHINA, 2017 - 2030
- Figure 77:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, CHINA, 2023 VS 2030
- Figure 78:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY INDIA IN METRIC TON, INDIA, 2017 - 2030
- Figure 79:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY INDIA IN USD, INDIA, 2017 - 2030
- Figure 80:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDIA, 2023 VS 2030
- Figure 81:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY INDONESIA IN METRIC TON, INDONESIA, 2017 - 2030
- Figure 82:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY INDONESIA IN USD, INDONESIA, 2017 - 2030
- Figure 83:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, INDONESIA, 2023 VS 2030
- Figure 84:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY JAPAN IN METRIC TON, JAPAN, 2017 - 2030
- Figure 85:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY JAPAN IN USD, JAPAN, 2017 - 2030
- Figure 86:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, JAPAN, 2023 VS 2030
- Figure 87:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY PAKISTAN IN METRIC TON, PAKISTAN, 2017 - 2030
- Figure 88:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY PAKISTAN IN USD, PAKISTAN, 2017 - 2030
- Figure 89:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, PAKISTAN, 2023 VS 2030
- Figure 90:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY PHILIPPINES IN METRIC TON, PHILIPPINES, 2017 - 2030
- Figure 91:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY PHILIPPINES IN USD, PHILIPPINES, 2017 - 2030
- Figure 92:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, PHILIPPINES, 2023 VS 2030
- Figure 93:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY THAILAND IN METRIC TON, THAILAND, 2017 - 2030
- Figure 94:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY THAILAND IN USD, THAILAND, 2017 - 2030
- Figure 95:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, THAILAND, 2023 VS 2030
- Figure 96:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY VIETNAM IN METRIC TON, VIETNAM, 2017 - 2030
- Figure 97:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY VIETNAM IN USD, VIETNAM, 2017 - 2030
- Figure 98:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, VIETNAM, 2023 VS 2030
- Figure 99:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY REST OF ASIA-PACIFIC IN METRIC TON, REST OF ASIA-PACIFIC, 2017 - 2030
- Figure 100:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY REST OF ASIA-PACIFIC IN USD, REST OF ASIA-PACIFIC, 2017 - 2030
- Figure 101:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, REST OF ASIA-PACIFIC, 2023 VS 2030
- Figure 102:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY COUNTRY IN METRIC TON, EUROPE, 2017 - 2030
- Figure 103:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY COUNTRY IN USD, EUROPE, 2017 - 2030
- Figure 104:
- WATER SOLUBLE FERTILIZER CONSUMPTION VOLUME BY COUNTRY IN %, EUROPE, 2017 VS 2023 VS 2030
- Figure 105:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY COUNTRY IN %, EUROPE, 2017 VS 2023 VS 2030
- Figure 106:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY FRANCE IN METRIC TON, FRANCE, 2017 - 2030
- Figure 107:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY FRANCE IN USD, FRANCE, 2017 - 2030
- Figure 108:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, FRANCE, 2023 VS 2030
- Figure 109:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY ITALY IN METRIC TON, ITALY, 2017 - 2030
- Figure 110:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY ITALY IN USD, ITALY, 2017 - 2030
- Figure 111:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ITALY, 2023 VS 2030
- Figure 112:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY NETHERLANDS IN METRIC TON, NETHERLANDS, 2017 - 2030
- Figure 113:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY NETHERLANDS IN USD, NETHERLANDS, 2017 - 2030
- Figure 114:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, NETHERLANDS, 2023 VS 2030
- Figure 115:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY RUSSIA IN METRIC TON, RUSSIA, 2017 - 2030
- Figure 116:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY RUSSIA IN USD, RUSSIA, 2017 - 2030
- Figure 117:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, RUSSIA, 2023 VS 2030
- Figure 118:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY SPAIN IN METRIC TON, SPAIN, 2017 - 2030
- Figure 119:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY SPAIN IN USD, SPAIN, 2017 - 2030
- Figure 120:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SPAIN, 2023 VS 2030
- Figure 121:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY UKRAINE IN METRIC TON, UKRAINE, 2017 - 2030
- Figure 122:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY UKRAINE IN USD, UKRAINE, 2017 - 2030
- Figure 123:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, UKRAINE, 2023 VS 2030
- Figure 124:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY UNITED KINGDOM IN METRIC TON, UNITED KINGDOM, 2017 - 2030
- Figure 125:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY UNITED KINGDOM IN USD, UNITED KINGDOM, 2017 - 2030
- Figure 126:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, UNITED KINGDOM, 2023 VS 2030
- Figure 127:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY REST OF EUROPE IN METRIC TON, REST OF EUROPE, 2017 - 2030
- Figure 128:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY REST OF EUROPE IN USD, REST OF EUROPE, 2017 - 2030
- Figure 129:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, REST OF EUROPE, 2023 VS 2030
- Figure 130:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY COUNTRY IN METRIC TON, MIDDLE EAST & AFRICA, 2017 - 2030
- Figure 131:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY COUNTRY IN USD, MIDDLE EAST & AFRICA, 2017 - 2030
- Figure 132:
- WATER SOLUBLE FERTILIZER CONSUMPTION VOLUME BY COUNTRY IN %, MIDDLE EAST & AFRICA, 2017 VS 2023 VS 2030
- Figure 133:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY COUNTRY IN %, MIDDLE EAST & AFRICA, 2017 VS 2023 VS 2030
- Figure 134:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY NIGERIA IN METRIC TON, NIGERIA, 2017 - 2030
- Figure 135:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY NIGERIA IN USD, NIGERIA, 2017 - 2030
- Figure 136:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, NIGERIA, 2023 VS 2030
- Figure 137:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY SAUDI ARABIA IN METRIC TON, SAUDI ARABIA, 2017 - 2030
- Figure 138:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY SAUDI ARABIA IN USD, SAUDI ARABIA, 2017 - 2030
- Figure 139:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SAUDI ARABIA, 2023 VS 2030
- Figure 140:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY SOUTH AFRICA IN METRIC TON, SOUTH AFRICA, 2017 - 2030
- Figure 141:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY SOUTH AFRICA IN USD, SOUTH AFRICA, 2017 - 2030
- Figure 142:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, SOUTH AFRICA, 2023 VS 2030
- Figure 143:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY TURKEY IN METRIC TON, TURKEY, 2017 - 2030
- Figure 144:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY TURKEY IN USD, TURKEY, 2017 - 2030
- Figure 145:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, TURKEY, 2023 VS 2030
- Figure 146:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY REST OF MIDDLE EAST & AFRICA IN METRIC TON, REST OF MIDDLE EAST & AFRICA, 2017 - 2030
- Figure 147:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY REST OF MIDDLE EAST & AFRICA IN USD, REST OF MIDDLE EAST & AFRICA, 2017 - 2030
- Figure 148:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, REST OF MIDDLE EAST & AFRICA, 2023 VS 2030
- Figure 149:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY COUNTRY IN METRIC TON, NORTH AMERICA, 2017 - 2030
- Figure 150:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY COUNTRY IN USD, NORTH AMERICA, 2017 - 2030
- Figure 151:
- WATER SOLUBLE FERTILIZER CONSUMPTION VOLUME BY COUNTRY IN %, NORTH AMERICA, 2017 VS 2023 VS 2030
- Figure 152:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY COUNTRY IN %, NORTH AMERICA, 2017 VS 2023 VS 2030
- Figure 153:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY CANADA IN METRIC TON, CANADA, 2017 - 2030
- Figure 154:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY CANADA IN USD, CANADA, 2017 - 2030
- Figure 155:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, CANADA, 2023 VS 2030
- Figure 156:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY MEXICO IN METRIC TON, MEXICO, 2017 - 2030
- Figure 157:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY MEXICO IN USD, MEXICO, 2017 - 2030
- Figure 158:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, MEXICO, 2023 VS 2030
- Figure 159:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY UNITED STATES IN METRIC TON, UNITED STATES, 2017 - 2030
- Figure 160:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY UNITED STATES IN USD, UNITED STATES, 2017 - 2030
- Figure 161:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, UNITED STATES, 2023 VS 2030
- Figure 162:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY REST OF NORTH AMERICA IN METRIC TON, REST OF NORTH AMERICA, 2017 - 2030
- Figure 163:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY REST OF NORTH AMERICA IN USD, REST OF NORTH AMERICA, 2017 - 2030
- Figure 164:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, REST OF NORTH AMERICA, 2023 VS 2030
- Figure 165:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY COUNTRY IN METRIC TON, SOUTH AMERICA, 2017 - 2030
- Figure 166:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY COUNTRY IN USD, SOUTH AMERICA, 2017 - 2030
- Figure 167:
- WATER SOLUBLE FERTILIZER CONSUMPTION VOLUME BY COUNTRY IN %, SOUTH AMERICA, 2017 VS 2023 VS 2030
- Figure 168:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY COUNTRY IN %, SOUTH AMERICA, 2017 VS 2023 VS 2030
- Figure 169:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY ARGENTINA IN METRIC TON, ARGENTINA, 2017 - 2030
- Figure 170:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY ARGENTINA IN USD, ARGENTINA, 2017 - 2030
- Figure 171:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, ARGENTINA, 2023 VS 2030
- Figure 172:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY BRAZIL IN METRIC TON, BRAZIL, 2017 - 2030
- Figure 173:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY BRAZIL IN USD, BRAZIL, 2017 - 2030
- Figure 174:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, BRAZIL, 2023 VS 2030
- Figure 175:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY REST OF SOUTH AMERICA IN METRIC TON, REST OF SOUTH AMERICA, 2017 - 2030
- Figure 176:
- WATER SOLUBLE FERTILIZER CONSUMPTION BY REST OF SOUTH AMERICA IN USD, REST OF SOUTH AMERICA, 2017 - 2030
- Figure 177:
- WATER SOLUBLE FERTILIZER CONSUMPTION VALUE BY CROP TYPE IN %, REST OF SOUTH AMERICA, 2023 VS 2030
- Figure 178:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, GLOBAL, 2017 - 2030
- Figure 179:
- GLOBAL WATER SOLUBLE FERTILIZER MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
- Figure 180:
- MARKET SHARE OF MAJOR PLAYERS IN %, GLOBAL, 2022
Water Soluble Fertilizer Industry Segmentation
Complex, Straight are covered as segments by Type. Fertigation, Foliar are covered as segments by Application Mode. Field Crops, Horticultural Crops, Turf & Ornamental are covered as segments by Crop Type. Asia-Pacific, Europe, Middle East & Africa, North America, South America are covered as segments by Region.
- Field crop cultivation dominates globally, accounting for about 78.8% of the total water-soluble fertilizer consumption. The cultivation of these crops led to a consumption of 29.1 million metric tons of water-soluble fertilizers, valued at USD 18.19 billion. The large consumption of water-soluble fertilizers by field crops was due to the large area under the cultivation of these crops. More than 90.0% of the global agricultural land is dedicated to the cultivation of field crops.
- Generally, there is more demand for water-soluble fertilizers in horticultural crops, as they are well-equipped for irrigation like sprinkler or micro irrigation systems. Water-soluble fertilizers can be applied using the foliar or fertigation method. Horticultural crops are the second-largest crop types that consume water-soluble fertilizers, and they accounted for about 18.8% of the global water-soluble fertilizer market volume in 2022. Foliar water-soluble fertilizers play an important role in fruit crops, as foliar spraying is known to improve the quality of the fruits.
- Turf & ornamental crops account for about 3.5% of the global water-soluble fertilizer market volume and consume 984.0 thousand million metric tons. The growing demand for these crops in various applications and the adoption of environmentally friendly fertilizers are increasing the market for water-soluble fertilizers in these crops. The market is expected to register a CAGR of 5.4% due to the increasing area under cultivation of turf & ornamental crops. This is due to the increasing concern over pollution and the growing importance of aesthetic landscaping gardens and ecotourism globally.
- Therefore, the global consumption of water-soluble fertilizers in respective crop types is anticipated to grow during 2023-2030.
| Type | |||||||||
| Complex | |||||||||
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| Application Mode | |
| Fertigation | |
| Foliar |
| Crop Type | |
| Field Crops | |
| Horticultural Crops | |
| Turf & Ornamental |
| Region | |||||||||||||
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Market Definition
- MARKET ESTIMATION LEVEL - Market Estimations for various types of fertilizers has been done at the product-level and not at the nutrient-level.
- NUTRIENT TYPES COVERED - Primary Nutrients: N, P and K, Secondary Macronutrients: Ca, Mg and S, Micronutients: Zn, Mn, Cu, Fe, Mo, B, and Others
- AVERAGE NUTRIENT APPLICATION RATE - This refers to the average volume of nutrient consumed per hectare of farmland in each country.
- CROP TYPES COVERED - Field Crops: Cereals, Pulses, Oilseeds, and Fiber Crops Horticulture: Fruits, Vegetables, Plantation Crops and Spices, Turf Grass and Ornamentals
| Keyword | Definition |
|---|---|
| Fertilizer | Chemical substance applied to crops to ensure nutritional requirements, available in various forms such as granules, powders, liquid, water soluble, etc. |
| Specialty Fertilizer | Used for enhanced efficiency and nutrient availability applied through soil, foliar, and fertigation. Includes CRF, SRF, liquid fertilizer, and water soluble fertilizers. |
| Controlled-Release Fertilizers (CRF) | Coated with materials such as polymer, polymer-sulfur, and other materials such as resins to ensure nutrient availability to the crop for its entire life cycle. |
| Slow-Release Fertilizers (SRF) | Coated with materials such as sulfur, neem, etc., to ensure nutrient availability to the crop for a longer period. |
| Foliar Fertilizers | Consist of both liquid and water soluble fertilizers applied through foliar application. |
| Water-Soluble Fertilizers | Available in various forms including liquid, powder, etc., used in foliar and fertigation mode of fertilizer application. |
| Fertigation | Fertilizers applied through different irrigation systems such as drip irrigation, micro irrigation, sprinkler irrigation, etc. |
| Anhydrous Ammonia | Used as fertilizer, directly injected into the soil, available in gaseous liquid form. |
| Single Super Phosphate (SSP) | Phosphorus fertilizer containing only phosphorus which has lesser than or equal to 35%. |
| Triple Super Phosphate (TSP) | Phosphorus fertilizer containing only phosphorus greater than 35%. |
| Enhanced Efficiency Fertilizers | Fertilizers coated or treated with additional layers of various ingredients to make it more efficient compared to other fertilizers. |
| Conventional Fertilizer | Fertilizers applied to crops through traditional methods including broadcasting, row placement, ploughing soil placement, etc. |
| Chelated Micronutrients | Micronutrient fertilizers coated with chelating agents such as EDTA, EDDHA, DTPA, HEDTA, etc. |
| Liquid Fertilizers | Available in liquid form, majorly used for application of fertilizers to crops through foliar and fertigation. |
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- Step-1: IDENTIFY KEY VARIABLES: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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