Water Soluble Fertilizers Market

The global market value of the Water Soluble Fertilizers Market was valued at USD 17.1 billion in 2024 and is projected to grow at a CAGR of 7.2% during the forecast period. Water-soluble fertilizer has a high absorption with a high utilization rate compared to conventional fertilizers, which are mostly chemically loaded.

Increasing demand for high-quality crops is driving the growth in the market significantly. Water-soluble fertilizers are treated as immediate nutrient deficiency correctors. Rising adoption of advanced farming practices and water-soluble fertilizers ensures productive results in cultivation; due to this, the demand for water-soluble fertilizers is growing rapidly, due to increasing growth in the world’s population and increasing demand for more food.

Rising demand for micronutrients in water-soluble fertilizers is mainly driven by increasing recognition of their crucial role in improving plant health and boosting crop yields. Micronutrients, such as iron, zinc, copper, and manganese, are required in smaller quantities but play an essential role in critical plant functions, such as enzyme activation, photosynthesis, and disease resistance

Growth Drivers

The world’s growing population and shrinking arable land are pressuring farmers to boost yields and intensify productivity per hectare. WSF aligns seamlessly with precision farming tools like drip irrigation, fertigation, sensor-based systems, drones, and IoT-driven management. Expansion of greenhouses, hydroponics, and vertical farming—especially in Asia, Europe, and urban centers—boosts demand for nutrient solutions. Environmental concerns about nutrient runoff and groundwater contamination are increasing the demand for eco-friendlier fertilizer options. The rise of controlled-release WSFs and nano-enabled formulations is diversifying the market and improving nutrient use efficiency.

Growing government initiatives to promote specialty fertilizers and the launch of programs to educate farmers about the novel fertilizer type and its benefits will aid market growth. However, the high price of these specialized fertilizers can act as a major restraint on market growth, which in turn requires government subsidy facilities. Increasing urbanization and population across the globe have led to a rise in the demand for quality food, and thus, the agriculture sector is flourishing, which in turn drives the water-soluble fertilizer market.

Segmentation

Water Soluble Fertilizers Market, By Type

·         Nitrogenous

·         Phosphatic

·         Potassic

·         Micronutrient

Water Soluble Fertilizers Market, By Mode of Application

·         Fertigation

·         Foliar

Water Soluble Fertilizers Market, By Crop Type

·         Field Crop

·         Horticulture Crops

·         Turf & ornaments

·         Others

Water Soluble Fertilizers Market, By Form

·         Dry

·         Liquid

By Region

·         Asia-Pacific

·         North America

·         Latin America

·         Middle East and Africa

·         Europe

Water Soluble Fertilizers Market by Crop Type

Based on the crop type, the Water Soluble Fertilizers Market is segmented into Field Crops, Horticulture Crops, Turf and Ornamentals, and Others. Horticulture crops are the leading market segment and is expected to dominate the market during the forecast period due to the high value crop demand of fruits, vegetables, and flowers. Farmers use water-soluble fertilizer to ensure better crop yield.

These crops often require precise nutrient management. The rise in greenhouses, polyhouses, and hydroponics, mostly for horticulture crops has fueled the demand for WSFs. Horticulture products are export-focused, pushing growers to meet strict quality standards that water-soluble fertilizers help achieve. Due to shorter growth cycles, the horticulture crops have higher nutrient demands. Field crops are another segment with large acreage but lower value per hectare. Turf and Ornaments is a smaller segment, mostly limited to landscaping, golf courses, and nurseries.

Precision agriculture technique is transforming towards modern farming, emphasizing in providing efficient input usage, which results in maximizing crop yield. Water-soluble fertilizers are centralized for this transformation, which supports practices like fertigation and foliar application

Regional Outlook

Based on the regions, the water-soluble fertilizers market is analyzed into 5 types: Asia-Pacific, North America, Latin America, the Middle East and Africa, and Europe. Asia-Pacific is the leading region and is expected to dominate the market during the forecast period. Countries like India, China, and Southeast Asian nations are heavily dependent on agriculture for GDP and employment. India and China are rapidly expanding drip and sprinkler irrigation systems, which are ideal for WSF applications. Rapid shift towards horticulture and protected cultivation increases demand for precision fertilization.

The government of India is promoting fertilizer companies by providing various facilities and funding to increase their production of specialized fertilizers in terms of gaining higher profit margins in the agriculture field for the overall country, as farming is a principal occupation of people in the India and primary income source for the majority of villagers in the country. While North America is mature in fertilizer use, Asia-Pacific is witnessing faster growth, driven by the modernization of farming practices.

In developing economies, the demand for water-soluble fertilizers may remain sluggish in the upcoming months due to a slowdown in the economy. Hence, a decline in demand for premium agriculture products leads to reduced farmers' spending on pricey agricultural inputs.  However, the demand for WSFs is predicted to gain strong traction in the forthcoming years due to a predictable increase in demand for quality fertilizer inputs to address the issue of demand for food security. Europe is observed to witness significant growth due to the high adoption of specialized fertilizers in countries such as France, Russia, and Spain.

This growth is further bolstered by the expansion of many businesses in the fertilizer production sector over the past few years. A prime example of this expansion is the inauguration of a water-soluble fertilizer production plant in Lithuania in 2018 by Euro Chem Group, a leading global business group in fertilizer production. The Middle East and Africa, and Latin America are witnessing slow growth due to less arable land and less awareness about the use of fertilizers and pesticides for better crop yield. The availability of agriculture loans and funding by many government bodies further fuels the demand for specialized fertilizers.

Key Players

·         Nutrien

·         Israel Chemical Company  

·         Sociedad Química y Minera

·         De Chile (SQM)

·         K+S Aktiengesellschaft

·         , Yara International

·         Haifa Chemicals Ltd

·         Coromandel International Ltd

·         The Mosaic Company

·         Hebei Monband Water Soluble Fertilizer Co., Ltd

·         EuroChem

·         Agafert

·         SPIC 

·         Aries Agro Ltd.

·         Azoty Group

·         Vaikic-Chim

·         Gujarat State Fertilizers & Chemicals Ltd.

·         Incitec

·         IFFCO

·         Mangalore Chemicals & Fertilizers Ltd.

·         DFPCL

·         Other Players