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Water Soluble Fertilizer Market - By Form (Dry, Liquid), By Product (Nitrogenous, Micronutrients, Phosphatic, Potassium), By Mode of Application (Foliar, Fertigation), By Crop Type (Cereals, Vegetables, Fruits, Plantation), & Global Forecast, 2023-2032

  • Report ID: GMI2323
  • Published Date: Mar 2023
  • Report Format: PDF

Water Soluble Fertilizer Market Size

Water Soluble Fertilizer Market size was valued at USD 14.5 billion in 2022 and is estimated to exhibit around 5% CAGR from 2023 to 2032. The increasing adoption of precision farming techniques, which require frequent and precise application of fertilizers, is also expected to drive market growth.

Water Soluble Fertilizer Market

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The market may; however, face challenges such as high costs of water-soluble fertilizers, limited access to advanced irrigation systems in developing countries, and the lack of awareness about the benefits of such fertilizers in certain regions.

In terms of region, Asia Pacific is expected to dominate the market due to the growing population, rising food demand, and growing use of water-soluble fertilizers in the region. North America and Europe are also expected to showcase significant market growth due to the presence of advanced agricultural practices and the increasing adoption of precision farming.

Many companies are focusing on expanding their product portfolios by launching new water-soluble fertilizers. They are also focusing on strategic partnerships and collaborations to expand their market presence and strengthen their distribution networks. Some companies are also investing in R&D to develop innovative water-soluble fertilizers with improved efficiency and cost-effectiveness.

Water Soluble Fertilizer Market Analysis

Water Soluble Fertilizer Market Revenue By Mode of Application

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The fertigation mode of application segment generated over USD 10 billion in the water soluble fertilizer market in 2022 and is poised to grow at a CAGR of around 4.8% during the forecast period. Fertigation is a method of applying water-soluble fertilizers to crops using an irrigation system. This method is commonly used in commercial agriculture and horticulture as well as in home gardens & landscapes. Fertigation is a common farming practice. Growers can save resources, time, and effort by completing two activities at once, i.e., fertilization & watering, by using the fertigation approach.


Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global market for water soluble fertilizer revenue reached USD 14.5 billion in 2022 and is poised to grow at nearly 5% CAGR between 2023-2032 owing to increasing world population and rising food demand.

Fertigation mode segment surpassed USD 10 billion in 2022 and is anticipated to exhibit about 4.8% CAGR from 2023-2032 as by using this method growers can complete fertilization & watering activities at once, saving time and efforts.

Dry form water-soluble fertilizer market size is expected to grow at more than 5.1% CAGR from 2023-2032 as they provide plants with the particular nutrients they need to grow.

Asia Pacific accounted for more than 45% of water-soluble fertilizers industry share owing to the rising demand for horticultural crops such as fruits and vegetables.

Water Soluble Fertilizer Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 12
  • Tables & Figures: 840
  • Countries covered: 28
  • Pages: 619
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