Market Size of global water soluble fertilizer Industry
| Icons | Lable | Value |
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Study Period | 2016 - 2030 |
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Market Size (2024) | USD 19.47 Billion |
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Market Size (2030) | USD 27.91 Billion |
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Largest Share by Crop Type | Field Crops |
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CAGR (2024 - 2030) | 6.19 % |
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Largest Share by Region | Europe |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Water Soluble Fertilizer Market Analysis
The Global Water Soluble Fertilizer Market size is estimated at USD 19.47 billion in 2024, and is expected to reach USD 27.91 billion by 2030, growing at a CAGR of 6.19% during the forecast period (2024-2030).
- Largest segment by Type - Phosphatic : phosphatic fertilizers are the most consumed fertilizers after nitrogen. The demand for its water-soluble form is increasing as it can be applied through fertigation and foliar spray.
- Fastest growing by Type - Micronutrients : Foliar application is a proven effective method of supplying micronutrients according to plant requirements. Since the fertilizer is applied directly to the plant vascular system, the nutrient use efficiency will be increased, and quick response is observed by crop plants
- Largest Segment by Crop Type - Turf & Ornamental : The increasing area under cultivation with increasing concern over pollution and growing ecotourism across the globe has increased the fertilizer demand for such crops.
- Largest segment by Country - United States : With the developing micro-irrigation system in the country and increased efficiency, water-soluble fertilizers such as nitrogenous fertilizers have increased in popularity.
