Water Soluble Fertilizers Market By Form (Powder, Granules, Liquid), Application (Foliar, Fertigation), Crop and Region- Global Forecast to 2023-2032
Report Description
The global Water Soluble Fertilizers market size was valued at USD 17,908.1 million in 2022, expanding at a CAGR of 5.8% from 2023-2032 to reach 26,801.3 Million USD in 2032.
Market Dynamics
The Water Soluble Fertilizer industry is expected to experience substantial growth in the future. The driving force behind this growth is the increasing awareness of the importance of soil fertility management. The increasing demand for greenhouse vegetables, rising environmental concerns, high efficiency of water-soluble fertilizers, ease of use, and the scarcity of arable land are other factors contributing to the growth of the market. However, the market is facing challenges such as competition from the rapidly growing organic fertilizer industry, lack of consumer knowledge, and high handling costs. Despite these challenges, the market is expected to grow due to increasing demand for water-soluble nutrients and rising awareness in new and emerging regions.
The increasing global population and rising food demand are the primary drivers of the demand for water-soluble fertilizers in the future. These fertilizers offer numerous advantages over traditional fertilizers, such as higher efficiency, higher crop production in restricted areas, and improved nutrient availability in the soil. The improvement in agricultural practices, such as foliar and fertigation techniques, has allowed farmers to utilize water-soluble fertilizers more efficiently, minimizing the possibility of excessive usage in a specific area. Furthermore, the conflict between Russia and Ukraine has caused a significant constraint on fertilizer supply, as Belarus and Russia export approximately 40% of the total potash fertilizer. Sanctions hurt Russian exports. Because of sanctions and hostilities, such shipments were interrupted, which resulted in a sharp increase in fertilizer prices. Due to their versatility in Crops—they can either be applied topically through fertigation or subsurface through foliar Crop—liquid water-soluble fertilizers have seen a substantial increase in popularity in recent years. It is also more suited for starter and in-season Crops due to its ease of handling, blending, and consistency during Crop. Additionally, liquid water-soluble fertilizers consume less water, which makes them advantageous for areas with persistent water scarcity or shortages. However, the product's high production and delivery expenses could limit its market share in the upcoming years.
Regional Insights
Due to the rising demand for fertilizers in the area, particularly in China, India, Pakistan, Vietnam, and Bangladesh, Asia Pacific currently has the largest share of the global market and is expected to continue to keep this position throughout the study period.
Additionally, rising government subsidies and investment inflows in the fertilizer industry would boost regional product demand. As an illustration, in 2019 the Indian government boosted its subsidy allocation for fertilizers from USD 9.83 million to USD more than 11 million.
Segment Dynamics
The Water Soluble Fertilizers market is fragmented into the Form, installation, and Crop segments. Based on the Form, the Hydronic Water Soluble Fertilizers segment is anticipated to dominate the market. By installation, the new installation segment is projected to grow at the highest CAGR during the forecast period. By Crop, the residential segment is expected to hold the majority of the market share.
Competitive Insights
The Water Soluble Fertilizers market is highly competitive in nature with the presence of local & international players. Major players in the industry engage in strategic mergers & acquisitions, partnerships, and new product launches to remain competent in the market. For example, in 2020, The Gujarat Agro Industries Corporation (GAIC) launched various grades of imported water-soluble fertilizers at an event in India.
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):
- Lowa Fertilizer Company
- The Mosaic Company
- Yara, Everris International B.V.
- Compo GmbH & Co. Kg
- Agrium Inc.
- Sinochem Group Co. Ltd.
- K+S AKTiengesellschaft
- Coromandel International
- Qatar Petroleum
- Sociedad Química Y Minera De Chile (SQM)
- Hebei Monband Water Soluble Fertilizer
Form Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Powder
- Granules
- Liquid
Water Soluble Fertilizers Application Outlook (Revenue, USD Million, 2018 - 2032)
- Foliar
- Fertigation
Crop Coverage (Market Size & Forecast, Main Consumer Analysis etc.):
- Cereals
- Vegetables
- Fruits
- Turf & ornamentals
- Greenhouse crops
Region Coverage (Regional Consumption, Demand & Forecast by Countries etc.):
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- South America (Brazil, Mexico, Argentina etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)
Table Of Content
TABLE OF CONTENT
1. Water Soluble Fertilizers Market Overview
1.1. Product Overview and Scope of Water Soluble Fertilizers
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Water Soluble Fertilizers Market Size Growth Rate Analysis by Form, 2022 VS 2032
1.3.1. Powder
1.3.2. Granules
1.3.3. Liquid
1.4. Global Water Soluble Fertilizers Consumption Comparison by Application: 2022 VS 2032
1.4.1. Foliar
1.4.2. Fertigation
1.5. Global Water Soluble Fertilizers Consumption Comparison by Crop: 2022 VS 2032
1.5.1. Cereals
1.5.2. Vegetables
1.5.3. Fruits
1.5.4. Turf & ornamentals
1.5.5. Greenhouse crops
1.6. Global Water Soluble Fertilizers Market Size Estimates and Forecasts by Region: 2022 VS 2032
1.6.1. North America Water Soluble Fertilizers Estimates
1.6.2. Europe Water Soluble Fertilizers Estimates
1.6.3. China Water Soluble Fertilizers Estimates
1.6.4. Japan Water Soluble Fertilizers Estimates
2. Market Competition by Manufacturers
2.1. Global Water Soluble Fertilizers Revenue Market Share by Manufacturers (2020)
2.2. Water Soluble Fertilizers Market Share by Company Form (Tier 1, Tier 2 and Tier 3)
2.3. Global Water Soluble Fertilizers Average Price by Manufacturers (2018-2022)
2.4. Manufacturers Water Soluble Fertilizers Production Sites, Area Served, Product Types
2.5. Water Soluble Fertilizers Market Competitive Situation and Trends
2.5.1. Water Soluble Fertilizers Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Water Soluble Fertilizers Consumption by Region (2018-2022)
3.1. Global Water Soluble Fertilizers Consumption by Region
3.2. Global Water Soluble Fertilizers Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Water Soluble Fertilizers Consumption Growth Rate (2018-2022)
3.2.3. North America Water Soluble Fertilizers Consumption, Price and Gross Margin (2018-2022)
3.2.4. North America Water Soluble Fertilizers Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Water Soluble Fertilizers Consumption Growth Rate (2018-2022)
3.2.7. Europe Water Soluble Fertilizers Consumption, Price and Gross Margin (2018-2022)
3.2.8. Europe Water Soluble Fertilizers Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Water Soluble Fertilizers Consumption Growth Rate (2018-2022)
3.2.11. Asia Pacific Water Soluble Fertilizers Consumption, Price and Gross Margin (2018-2022)
3.2.12. Asia Pacific Water Soluble Fertilizers Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Water Soluble Fertilizers Consumption Growth Rate (2018-2022)
3.2.15. South America Water Soluble Fertilizers Consumption, Price and Gross Margin (2018-2022)
3.2.16. South America Water Soluble Fertilizers Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Water Soluble Fertilizers Consumption Growth Rate (2018-2022)
3.2.19. Middle East and Africa Water Soluble Fertilizers Consumption, Price and Gross Margin (2018-2022)
3.2.20. Middle East and Africa Water Soluble Fertilizers Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Water Soluble Fertilizers Consumption by Form (2018-2022)
4.1. Global Water Soluble Fertilizers Price by Form (2018-2022)
4.2. Global Water Soluble Fertilizers Revenue Market Share by Form (2018-2022)
4.2.1. Powder
4.2.2. Granules
4.2.3. Liquid
5. Global Water Soluble Fertilizers Consumption by Application (2018-2022)
5.1. Global Water Soluble Fertilizers Price by Application (2018-2022)
5.2. Global Water Soluble Fertilizers Revenue Market Share by Application (2018-2022)
5.2.1. Foliar
5.2.2. Fertigation
6. Global Water Soluble Fertilizers Consumption by Crop (2018-2022)
6.1. Global Water Soluble Fertilizers Price by Crop (2018-2022)
6.2. Global Water Soluble Fertilizers Revenue Market Share by Crop (2018-2022)
6.2.1. Cereals
6.2.2. Vegetables
6.2.3. Fruits
6.2.4. Turf & ornamentals
6.2.5. Greenhouse crops
7. Key Companies Profiled
7.1. Lowa Fertilizer Company
7.1.1. Lowa Fertilizer Company Water Soluble Fertilizers Corporation Information
7.1.2. Lowa Fertilizer Company Water Soluble Fertilizers Product Portfolio
7.1.3. Lowa Fertilizer Company Water Soluble Fertilizers Consumption, Price and Gross Margin (2018-2022)
7.1.4. Lowa Fertilizer Company Main Business and Markets Served
7.1.5. Lowa Fertilizer Company Recent Developments/Updates
7.2. The Mosaic Company
7.3. Yara, Everris International B.V.
7.4. Compo GmbH & Co. Kg
7.5. Agrium Inc.
7.6. Sinochem Group Co. Ltd.
7.7. K+S AKTiengesellschaft
7.8. Coromandel International
7.9. Qatar Petroleum
7.10. Sociedad Química Y Minera De Chile (SQM)
7.11. Hebei Monband Water Soluble Fertilizer
8. Marketing Channel, Distributors and Customers
8.1. Marketing Channel
8.2. Water Soluble Fertilizers Distributors List
8.3. Water Soluble Fertilizers Customers
9. Market Dynamics
9.1. Water Soluble Fertilizers Industry Trends
9.2. Water Soluble Fertilizers Growth Drivers
9.3. Water Soluble Fertilizers Market Challenges
9.4. Water Soluble Fertilizers Market Restraints
10. Global Water Soluble Fertilizers Consumption and Demand Forecast, by Region (2023-2032)
10.1. Global Forecasted Demand Analysis of Water Soluble Fertilizers, by Regions and Country
10.1.1. North America Forecasted Consumption of Water Soluble Fertilizers by Country
10.1.2. Europe Market Forecasted Consumption of Water Soluble Fertilizers by Country
10.1.3. Asia Pacific Market Forecasted Consumption of Water Soluble Fertilizers by Region
10.1.4. Latin America Forecasted Consumption of Water Soluble Fertilizers by Country
10.1.5. Middle East and Africa Forecasted Consumption of Water Soluble Fertilizers by Country
11. Global Water Soluble Fertilizers Consumption and Demand Forecast, by Form Segments (2023-2032)
11.1. Global Forecasted Consumption of Water Soluble Fertilizers by Form Segments (2023-2032)
11.2. Global Consumption and Price Forecast by Form Segments (2023-2032)
11.3. Global Forecasted Growth Rate of Water Soluble Fertilizers by Form Segments (2023-2032)
12. Global Water Soluble Fertilizers Consumption and Demand Forecast, by Application Segments (2023-2032)
12.1. Global Forecasted Consumption of Water Soluble Fertilizers by Application Segments (2023-2032)
12.2. Global Consumption and Price Forecast by Application Segments (2023-2032)
12.3. Global Forecasted Growth Rate of Water Soluble Fertilizers by Application Segments (2023-2032)
13. Global Water Soluble Fertilizers Consumption and Demand Forecast, by Crop Segments (2023-2032)
13.1. Global Forecasted Consumption of Water Soluble Fertilizers by Crop Segments (2023-2032)
13.2. Global Consumption and Price Forecast by Crop Segments (2023-2032)
13.3. Global Forecasted Growth Rate of Water Soluble Fertilizers by Crop Segments (2023-2032)
14. Research Finding and Conclusion
15. Methodology and Data Source
15.1. Methodology/Research Approach
15.1.1. Research Programs/Design
15.1.2. Market Size Estimation
15.1.3. Market Breakdown and Data Triangulation
15.2. Data Source
15.2.1. Secondary Sources
15.2.2. Primary Sources
15.3. Author List
15.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
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