Global Water Soluble Fertilizer Market Analysis, 2024-2030

Fertilizers are the compounds and substances that replenish the nutrient content of the soil and help in boosting the yield. Water soluble fertilizers are a category of fertilizers which are dissolved in water and are applied to the roots of the crops, throughout their growing season. This helps in enhancing the total output from a field manifold.

Water-soluble fertilizers are in significant demand at present, and their demand is increasing every year as they are easy to use, have an instant impact and ensures greater coverage, making them a cost-effective solution. They can be applied according to the need and demand of the crop, a distinct advantage over granular fertilizers.

The report on global water-soluble fertilizer market represent the market size and forecast of each segment based on the interviews conducted with the industry leaders by the team at Market Krystal. As per the report, the water-soluble fertilizer market has been valued at US $ XXX billion in 2017 and has registered a growth of XXX% on an annual basis since 2014. It is expected to touch the levels of US $ XXX billion by 2024, i.e., a CAGR of XXX% year on year basis.

The significant growth driver for the rising demand of water-soluble fertilizers is the pace at which global population is rising steadily, the demand for grains, vegetables, fruits and other crops is only going to increase, leading to an increased demand for water-soluble fertilizers. Then, with more and more people across Asia and Africa coming out of poverty, the demand for food products is steadily rising. Moreover, farmers across the world are becoming aware of the benefits of water-soluble fertilizers and are taking to them quickly.

There are some roadblocks that the global water-soluble fertilizers industry may face in the form of raising awareness about organic farming amongst consumers, harmful effects of fertilizers on the environment, high traces of fertilizers being found in crops and water sources and strict guidelines by the statutory authorities.

At present Europe is the biggest market for water-soluble fertilizers, responsible for more than XXX % of total consumption, followed by Asia-Pacific region. With the rising population in India and China, Asia-Pacific region is expected to become the largest consumer for Water soluble fertilizers, followed by Africa. Companies that exert significant influence on the global water-soluble fertilizers market are Haifa Chemicals Ltd., IFFCO, Coromandel International Ltd., and EuroChem.

Our Approach

The research process at Market Krystal begins with the bifurcation of water-soluble fertilizer market into smaller segments, followed by tracking the factors affecting each segment of the market. All types of water-soluble fertilizer were tracked for different application for different crops across the globe. The findings were validated by conducting interviews with business leaders from diverse background (Fig.1).

Figure 1 Primary research breakdown

Contents of the report:

• Insight on water-soluble fertilizer industry dynamics.
• Estimation of the current water-soluble fertilizer market size in terms of value and volume.
• Market breakup of global water-soluble fertilizer market based on crop type, product type, application, and geography.
• Substantiated market forecast for each segment of the global water-soluble fertilizer market for the next five years.
• Detailed analysis of the key companies operating across different nodes of water-soluble fertilizer industry value chain.