Water Soluble Fertilizer Market Size & Share 2025 - 2034
Market Size by Form, Product, Mode of Application, Crop Type, Share, Growth Forecast.
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Market Size by Form, Product, Mode of Application, Crop Type, Share, Growth Forecast.
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Starting at: $2,450
Base Year: 2024
Companies Profiled: 12
Tables & Figures: 150
Countries Covered: 22
Pages: 210
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Water Soluble Fertilizer Market
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Water Soluble Fertilizer Market Size
The global water soluble fertilizer market was valued at USD 11.2 billion in 2024. The market is expected to grow from USD 11.4 billion in 2025 to USD 22.3 billion in 2034 at a CAGR of 7.7%, according to Global Market Insights Inc.
Water Soluble Fertilizer Market Key Takeaways
Market Size & Growth
Key Market Drivers
Challenges
Opportunity
Key Players
Water Soluble Fertilizer Market Trends
Water Soluble Fertilizer Market Analysis
In terms of form, the market is segmented as dry and liquid. Dry segment dominated the market by generating USD 10.2 billion revenue in 2024.
With respect to mode of application, the water soluble fertilizer market is segmented as foliar and fertigation. Fertigation mode of application dominated the market by holding a 68% share of the water-soluble fertilizer market in 2024.
Regarding the country landscape, the U.S. water soluble fertilizer market is anticipated to depict a CAGR of 6.8% from 2025 to 2034. The U.S. industry accounted for USD 1.2 billion worth of revenue in 2024.
The water soluble fertilizer market in Germany is expected to experience significant and promising growth from 2025 to 2034.
The water soluble fertilizer market in China is expected to experience significant from 2025 to 2034.
The water soluble fertilizer market in Brazil is expected to experience significant from 2025 to 2034.
The water soluble fertilizer market in Saudi Arabia is expected to experience significant and promising growth from 2025 to 2034.
Water Soluble Fertilizer Market Share
Major companies operating in the water-soluble fertilizer market include Yara International ASA, Israel Chemicals Ltd. (ICL), Nutrien Ltd., Sinochem Hong Kong (Group) Co., Ltd., and Haifa Group. The other prominent industry players include COMPO EXPERT Group, The Mosaic Company, Coromandel International Limited, and VAKI-CHIM Ltd. The market players are focusing on developing and launching new products as per consumer demand along with strengthening their distribution networks to smoothen the process.
Companies are also focusing on acquisition strategy. An acquisition strategy enables a company to enter new markets and product lines instantaneously with a recognized brand having a good reputation and an existing client base. An acquisition can overcome market entry barriers that were previously challenging.
In January 2019, The Mosaic Company received 404 permits from the U.S. Army Corps of Engineers for its phosphate mine project in Florida. This strategy enabled the company to secure the mining capabilities of 160.2 million tons of phosphate rock, thereby enhancing the company’s presence in the phosphate sector.
Water Soluble Fertilizer Market Companies
Major players operating in the water soluble fertilizer industry are:
Yara International ASA. - Yara International ASA develops and produces fertilizers & chemical products for industrial usage. The company operates through three business segments: Fertilizer and Chemical Products, Freight/Insurance Services, Other Products & Services. The production segment produces ammonia, mineral fertilizers, and industrial products. The new business segment creates new revenue streams by focusing on decarbonization and circular economy areas. The company has 28 production facilities and 10,800 retail outlets in over 60 countries and sells its products to approximately 160 countries.
Nutrien Ltd- Nutrien Ltd. produces & distributes fertilizers, crop services, and solutions. The company operates through four business segments: retail, potash, nitrogen, and phosphate. The retail business segment provides agricultural solutions such as crop protection products, nutrients, seeds, and services. It operates through a retail network of over 1,700 locations across North America, Australia, and Latin America. The potash segment provides products for fertilizer, animal feed, and industrial markets. The company has a potash production capacity of over 20 million tons annually.
K+S Aktiengesellschaft -K+S Aktiengesellschaft manufactures mineral products that cater to the agriculture, pharmaceutical, animal nutrition, food processing, water treatment, and waste management industries. The company operates through two business units: North America operating unit and Europe operating unit. K+S markets its fertilizers under the KALISOP, KORN-KALI, MICROTOP, SOLUNOP, EPSO, SOLUSOP, and SOLUMOP brands. The company has production plants in Canada, China, the Czech Republic, and 40 other sites worldwide.
The Mosaic Company- The Mosaic Company develops, produces, and distributes potash & phosphate crop nutrients along with industrial products. The company operates through three business segments: potash, phosphates, and mosaic fertilizers. The phosphates segment functions through the company’s mine & production facility in Florida (U.S.) and produces concentrated phosphate crop nutrients & animal feed ingredients. Its potash segment operates through production & mining facilities in Canada and the U.S. The company’s mosaic fertilizer segment operates in Brazil with four phosphate chemical facilities, five phosphate rock mines, and crop nutrient facilities with warehouses in Brazil & Paraguay. The Mosaic Company comprises a corporate family of 64 companies.
Coromandel International Limited- Coromandel International Limited manufactures specialty nutrients, fertilizers, and crop protection solutions. The company markets over 4.5 million tons of fertilizers throughout India. It has strategic partnerships with FOSCOR Pvt Ltd., Groupe Chimique Tunisien (GCT), and Sociedad Quimicay Minera. Coromandel has also ventured into the retail business sector by setting up approximately 800 rural retail centers across different states in India. The company has 16 production facilities with R&D laboratories. The annual fertilizer manufacturing capacity of these plants is 4.5 million tons. The company’s plants are in Vadodara, Kota, and Ranipet
10.1% Market Share
Collective market share in 2024 is Collective Market Share is 29%
Water Soluble Fertilizer Industry News
The water soluble fertilizer market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) & volume (Kilo Tons) from 2021 to 2034, for the following segments:
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Market, By Form
Market, By Product
Market, By Mode of Application
Market, By Crop
The above information is provided for the following regions and countries:
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
Security & defense sector journals and trade press
Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
Annual reports, investor presentations, and filings
Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →