PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1308632
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1308632
Water Soluble Fertilizers Market Forecasts to 2030 - Global Analysis By Type (Phosphatic, Potassic, Nitrogenous and Other Types), Crop Type, Application and By Geography
According to Stratistics MRC, the Global Water Soluble Fertilizers Market is accounted for $18.3 billion in 2023 and is expected to reach $32.3 billion by 2030 growing at a CAGR of 8.4% during the forecast period. Water-soluble fertiliser, a type of fertiliser, enables plants to absorb nitrogen in an efficient and straightforward manner. These fertilisers include essential minerals like nitrogen, phosphorus, and potassium as well as micronutrients like calcium, magnesium, and iron that are all highly soluble in water. Additionally, providing versatility in nutrient management are water-soluble fertilisers. They enable farmers and producers to precisely control nutrient ratios and concentrations, enabling them to tailor fertiliser applications to meet the needs of certain crops. They let farmers to apply nutrients with greater precision, thereby lowering the risk of nutrient leaching, runoff, and environmental harm.
According to the World Bank, fertilizer prices have risen since 2022 due to rising input costs, supply disruptions, and export restrictions in China.
Market Dynamics:
Driver:
Proliferating demand for high-value crop
The need for water-soluble fertilisers is anticipated to continue increasing as speciality fertilisers are increasingly needed to boost the production of high-quality crops. Concerns about food security and current methods of food production have been raised as a result of the expanding global population in several emerging and underdeveloped nations. Growing government efforts to promote speciality fertilisers and the introduction of initiatives to inform farmers about the novel fertiliser type and its advantages will support market expansion.
Restraint:
Growth in the organic fertilizers industry
With rising concern for food safety, environmental protection, and animal welfare, the organic industry is expanding quickly in emerging economies. Higher prices for organically produced farm products than for conventional ones entice farmers to choose organic farming. In order to give plants a consistent supply of nutrients, organic farming techniques replace chemical fertilisers with organic manures. This is the main element hindering the market's expansion.
Opportunity:
Ease of application
A multi-compound fertiliser that may dissolve in water and is readily assimilated by plants is called a water-soluble fertiliser. In comparison to standard chemical fertilisers, its uptake and utilisation are comparatively high. People frequently utilise a distinct irrigation system in some severely water-scarce regions, large-scale farms, and high-quality, high-valued cash crops; during irrigation, the fertiliser is dissolved in the water, i.e., the integration of water and fertiliser. The market is expanding as a result of this.
Threat:
High price of products
The low cost efficacy of these fertiliser types may limit their application in nations with low per capita incomes. In order to develop fertilisers that are more effective, stakeholders in the fertiliser business are investing in R&D projects. In order to boost production efficiency and lower costs for crop producers, including farmers with poor margins, the corporations are also concentrating on manufacturing technology. The high cost of speciality fertilisers, such as controlled fertilisers and water-soluble fertilisers, may significantly impede market expansion.
COVID-19 Impact:
Due to different socioeconomic developments that developed during this pandemic, the pandemic outbreak has had a negative impact on the worldwide market. manufacture has slowed as a result of lockdowns that have stopped the manufacture of speciality fertilisers in numerous important regions that produce them. Therefore, a decrease in the demand for high-end agricultural products will result in farmers spending less on expensive agricultural inputs. The demand for nutrient-rich foods including fruits, vegetables, and nuts is expected to increase as a result of the pandemic's encouragement of people to choose a healthy lifestyle and build immunity. In the next years, the demand for high-end agricultural products will increase, creating potential prospects for specialty fertilisers.
The nitrogenous segment is expected to be the largest during the forecast period:
The nitrogenous segment is estimated to have a lucrative growth. Nitrogenous fertilizers as per the management practices are invariably applied at the early growth stages of the crop. The manufacturing of synthetic ammonia, nitric acid, ammonium nitrate, and urea is a part of the nitrogenous fertiliser sector. The majority of crop plants favour nitrate-forms of nitrogen. Lack of nitrogen causes plants to produce smaller-than-average fruits, leaves, and shoots, yet they may eventually grow larger-than-average.
The horticulture segment is expected to have the highest CAGR during the forecast period:
The horticulture segment is anticipated to witness the fastest CAGR growth during the forecast period, due to increasing demand for a nutrition-rich diet is expected to drive the high-value crops demand. Climate change's effects on food production will differ by location and have a significant impact on soil health and water quality. These fertilisers may effectively meet the needs of various horticulture crop kinds, which call for specialised nutrients, favourable climatic conditions, and correct conditioning for appropriate growth.
Region with Largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to growth in the production of high-value crops. The region's demand for water-soluble fertilisers is expected to rise as a result of rising urbanisation, a better economy, and increased trade liberalisation. Subsidising water soluble fertiliser in developing markets is anticipated to quickly increase farmers' use of it.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to technological advancements and the farming community is adopting innovative technologies. Agriculture is the main occupation in France and Italy. These nations lands are made up of coastal regions, mountainous and hilly regions, and terrains. The majority of this area is used for farming. This area is home to modest, regulated farms and is where a variety of crops are produced. The implementation of very intensive farming practises is particularly prevalent in the region.
Key players in the market
Some of the key players profiled in the Water Soluble Fertilizers Market include The Mosaic Company, Nutrien Ltd., Yara International, EuroChem, Qatar Fertilizer, Coromandel International Limited, Qatar Fertilizer, Agrium Inc, Compo GmbH & Co, Haifa Chemicals Limited, K+S Aktiengesellschaft, Sociedad Quimica Y Minera SA, Nagarjuna Fertilizers & Chemicals Ltd., Gujarat State Fertilizers & Chemicals Ltd. and CF Industries Holdings Inc.
Key Developments:
In June 2022, Israel Chemical Ltd. announced a long-term agreement with India Potash Limited (India) to supply polysulfate with a renewable option. The availability of polysulfate is expected to boost the Government of India's organic agriculture program. It will also help ICL penetrate and serve the Indian farmers as per their requirements and strengthen its position in the Indian and Asian markets.
In February 2022, Yara acquired a 14% stake in the Brazilian online farm products trade platform Orbia, majorly owned by Bayer AG (Germany). Yara aimed to derive 25% of its sales from online channels by 2025.
Types Covered:
- Phosphatic
- Potassic
- Nitrogenous
- Other Types
Crop Types Covered:
- Turf & Ornamentals
- Field Crop
- Horticulture
- Other Crop Types
Applications Covered:
- Fertigation
- Foliar
- Other Applications
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Water Soluble Fertilizers Market, By Type
- 5.1 Introduction
- 5.2 Phosphatic
- 5.3 Potassic
- 5.4 Nitrogenous
- 5.5 Other Types
6 Global Water Soluble Fertilizers Market, By Crop Type
- 6.1 Introduction
- 6.2 Turf & Ornamentals
- 6.3 Field Crop
- 6.4 Horticulture
- 6.5 Other Crop Types
7 Global Water Soluble Fertilizers Market, By Application
- 7.1 Introduction
- 7.2 Fertigation
- 7.3 Foliar
- 7.4 Other Applications
8 Global Water Soluble Fertilizers Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 The Mosaic Company
- 10.2 Nutrien Ltd.
- 10.3 Yara International
- 10.4 EuroChem
- 10.5 Qatar Fertilizer
- 10.6 Coromandel International Limited
- 10.7 Qatar Fertilizer
- 10.8 Agrium Inc
- 10.9 Compo GmbH & Co
- 10.10 Haifa Chemicals Limited
- 10.11 K+S Aktiengesellschaft
- 10.12 Sociedad Quimica Y Minera SA
- 10.13 Nagarjuna Fertilizers & Chemicals Ltd.
- 10.14 Gujarat State Fertilizers & Chemicals Ltd.
- 10.15 CF Industries Holdings Inc.
List of Tables
- Table 1 Global Water Soluble Fertilizers Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Water Soluble Fertilizers Market Outlook, By Type (2021-2030) ($MN)
- Table 3 Global Water Soluble Fertilizers Market Outlook, By Phosphatic (2021-2030) ($MN)
- Table 4 Global Water Soluble Fertilizers Market Outlook, By Potassic (2021-2030) ($MN)
- Table 5 Global Water Soluble Fertilizers Market Outlook, By Nitrogenous (2021-2030) ($MN)
- Table 6 Global Water Soluble Fertilizers Market Outlook, By Other Types (2021-2030) ($MN)
- Table 7 Global Water Soluble Fertilizers Market Outlook, By Crop Type (2021-2030) ($MN)
- Table 8 Global Water Soluble Fertilizers Market Outlook, By Turf & Ornamentals (2021-2030) ($MN)
- Table 9 Global Water Soluble Fertilizers Market Outlook, By Field Crop (2021-2030) ($MN)
- Table 10 Global Water Soluble Fertilizers Market Outlook, By Horticulture (2021-2030) ($MN)
- Table 11 Global Water Soluble Fertilizers Market Outlook, By Other Crop Types (2021-2030) ($MN)
- Table 12 Global Water Soluble Fertilizers Market Outlook, By Application (2021-2030) ($MN)
- Table 13 Global Water Soluble Fertilizers Market Outlook, By Fertigation (2021-2030) ($MN)
- Table 14 Global Water Soluble Fertilizers Market Outlook, By Foliar (2021-2030) ($MN)
- Table 15 Global Water Soluble Fertilizers Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 16 North America Water Soluble Fertilizers Market Outlook, By Country (2021-2030) ($MN)
- Table 17 North America Water Soluble Fertilizers Market Outlook, By Type (2021-2030) ($MN)
- Table 18 North America Water Soluble Fertilizers Market Outlook, By Phosphatic (2021-2030) ($MN)
- Table 19 North America Water Soluble Fertilizers Market Outlook, By Potassic (2021-2030) ($MN)
- Table 20 North America Water Soluble Fertilizers Market Outlook, By Nitrogenous (2021-2030) ($MN)
- Table 21 North America Water Soluble Fertilizers Market Outlook, By Other Types (2021-2030) ($MN)
- Table 22 North America Water Soluble Fertilizers Market Outlook, By Crop Type (2021-2030) ($MN)
- Table 23 North America Water Soluble Fertilizers Market Outlook, By Turf & Ornamentals (2021-2030) ($MN)
- Table 24 North America Water Soluble Fertilizers Market Outlook, By Field Crop (2021-2030) ($MN)
- Table 25 North America Water Soluble Fertilizers Market Outlook, By Horticulture (2021-2030) ($MN)
- Table 26 North America Water Soluble Fertilizers Market Outlook, By Other Crop Types (2021-2030) ($MN)
- Table 27 North America Water Soluble Fertilizers Market Outlook, By Application (2021-2030) ($MN)
- Table 28 North America Water Soluble Fertilizers Market Outlook, By Fertigation (2021-2030) ($MN)
- Table 29 North America Water Soluble Fertilizers Market Outlook, By Foliar (2021-2030) ($MN)
- Table 30 North America Water Soluble Fertilizers Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 31 Europe Water Soluble Fertilizers Market Outlook, By Country (2021-2030) ($MN)
- Table 32 Europe Water Soluble Fertilizers Market Outlook, By Type (2021-2030) ($MN)
- Table 33 Europe Water Soluble Fertilizers Market Outlook, By Phosphatic (2021-2030) ($MN)
- Table 34 Europe Water Soluble Fertilizers Market Outlook, By Potassic (2021-2030) ($MN)
- Table 35 Europe Water Soluble Fertilizers Market Outlook, By Nitrogenous (2021-2030) ($MN)
- Table 36 Europe Water Soluble Fertilizers Market Outlook, By Other Types (2021-2030) ($MN)
- Table 37 Europe Water Soluble Fertilizers Market Outlook, By Crop Type (2021-2030) ($MN)
- Table 38 Europe Water Soluble Fertilizers Market Outlook, By Turf & Ornamentals (2021-2030) ($MN)
- Table 39 Europe Water Soluble Fertilizers Market Outlook, By Field Crop (2021-2030) ($MN)
- Table 40 Europe Water Soluble Fertilizers Market Outlook, By Horticulture (2021-2030) ($MN)
- Table 41 Europe Water Soluble Fertilizers Market Outlook, By Other Crop Types (2021-2030) ($MN)
- Table 42 Europe Water Soluble Fertilizers Market Outlook, By Application (2021-2030) ($MN)
- Table 43 Europe Water Soluble Fertilizers Market Outlook, By Fertigation (2021-2030) ($MN)
- Table 44 Europe Water Soluble Fertilizers Market Outlook, By Foliar (2021-2030) ($MN)
- Table 45 Europe Water Soluble Fertilizers Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 46 Asia Pacific Water Soluble Fertilizers Market Outlook, By Country (2021-2030) ($MN)
- Table 47 Asia Pacific Water Soluble Fertilizers Market Outlook, By Type (2021-2030) ($MN)
- Table 48 Asia Pacific Water Soluble Fertilizers Market Outlook, By Phosphatic (2021-2030) ($MN)
- Table 49 Asia Pacific Water Soluble Fertilizers Market Outlook, By Potassic (2021-2030) ($MN)
- Table 50 Asia Pacific Water Soluble Fertilizers Market Outlook, By Nitrogenous (2021-2030) ($MN)
- Table 51 Asia Pacific Water Soluble Fertilizers Market Outlook, By Other Types (2021-2030) ($MN)
- Table 52 Asia Pacific Water Soluble Fertilizers Market Outlook, By Crop Type (2021-2030) ($MN)
- Table 53 Asia Pacific Water Soluble Fertilizers Market Outlook, By Turf & Ornamentals (2021-2030) ($MN)
- Table 54 Asia Pacific Water Soluble Fertilizers Market Outlook, By Field Crop (2021-2030) ($MN)
- Table 55 Asia Pacific Water Soluble Fertilizers Market Outlook, By Horticulture (2021-2030) ($MN)
- Table 56 Asia Pacific Water Soluble Fertilizers Market Outlook, By Other Crop Types (2021-2030) ($MN)
- Table 57 Asia Pacific Water Soluble Fertilizers Market Outlook, By Application (2021-2030) ($MN)
- Table 58 Asia Pacific Water Soluble Fertilizers Market Outlook, By Fertigation (2021-2030) ($MN)
- Table 59 Asia Pacific Water Soluble Fertilizers Market Outlook, By Foliar (2021-2030) ($MN)
- Table 60 Asia Pacific Water Soluble Fertilizers Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 61 South America Water Soluble Fertilizers Market Outlook, By Country (2021-2030) ($MN)
- Table 62 South America Water Soluble Fertilizers Market Outlook, By Type (2021-2030) ($MN)
- Table 63 South America Water Soluble Fertilizers Market Outlook, By Phosphatic (2021-2030) ($MN)
- Table 64 South America Water Soluble Fertilizers Market Outlook, By Potassic (2021-2030) ($MN)
- Table 65 South America Water Soluble Fertilizers Market Outlook, By Nitrogenous (2021-2030) ($MN)
- Table 66 South America Water Soluble Fertilizers Market Outlook, By Other Types (2021-2030) ($MN)
- Table 67 South America Water Soluble Fertilizers Market Outlook, By Crop Type (2021-2030) ($MN)
- Table 68 South America Water Soluble Fertilizers Market Outlook, By Turf & Ornamentals (2021-2030) ($MN)
- Table 69 South America Water Soluble Fertilizers Market Outlook, By Field Crop (2021-2030) ($MN)
- Table 70 South America Water Soluble Fertilizers Market Outlook, By Horticulture (2021-2030) ($MN)
- Table 71 South America Water Soluble Fertilizers Market Outlook, By Other Crop Types (2021-2030) ($MN)
- Table 72 South America Water Soluble Fertilizers Market Outlook, By Application (2021-2030) ($MN)
- Table 73 South America Water Soluble Fertilizers Market Outlook, By Fertigation (2021-2030) ($MN)
- Table 74 South America Water Soluble Fertilizers Market Outlook, By Foliar (2021-2030) ($MN)
- Table 75 South America Water Soluble Fertilizers Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 76 Middle East & Africa Water Soluble Fertilizers Market Outlook, By Country (2021-2030) ($MN)
- Table 77 Middle East & Africa Water Soluble Fertilizers Market Outlook, By Type (2021-2030) ($MN)
- Table 78 Middle East & Africa Water Soluble Fertilizers Market Outlook, By Phosphatic (2021-2030) ($MN)
- Table 79 Middle East & Africa Water Soluble Fertilizers Market Outlook, By Potassic (2021-2030) ($MN)
- Table 80 Middle East & Africa Water Soluble Fertilizers Market Outlook, By Nitrogenous (2021-2030) ($MN)
- Table 81 Middle East & Africa Water Soluble Fertilizers Market Outlook, By Other Types (2021-2030) ($MN)
- Table 82 Middle East & Africa Water Soluble Fertilizers Market Outlook, By Crop Type (2021-2030) ($MN)
- Table 83 Middle East & Africa Water Soluble Fertilizers Market Outlook, By Turf & Ornamentals (2021-2030) ($MN)
- Table 84 Middle East & Africa Water Soluble Fertilizers Market Outlook, By Field Crop (2021-2030) ($MN)
- Table 85 Middle East & Africa Water Soluble Fertilizers Market Outlook, By Horticulture (2021-2030) ($MN)
- Table 86 Middle East & Africa Water Soluble Fertilizers Market Outlook, By Other Crop Types (2021-2030) ($MN)
- Table 87 Middle East & Africa Water Soluble Fertilizers Market Outlook, By Application (2021-2030) ($MN)
- Table 88 Middle East & Africa Water Soluble Fertilizers Market Outlook, By Fertigation (2021-2030) ($MN)
- Table 89 Middle East & Africa Water Soluble Fertilizers Market Outlook, By Foliar (2021-2030) ($MN)
- Table 90 Middle East & Africa Water Soluble Fertilizers Market Outlook, By Other Applications (2021-2030) ($MN)
