NEW
YORK, Aug. 23, 2024 /PRNewswire/ -- The
global water soluble fertilizers market size is estimated to
grow by USD 3.57 billion from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of 6.84% during the forecast period. Increase in demand
from developing countries is driving market growth, with
a trend towards adoption of precision farming.
However, health concerns regarding the use of water-soluble
fertilizers poses a challenge. Key market players include Captain
Polyplast Ltd., CF Industries Holdings Inc., Cifo Srl, Compagnie
Financiere et de Participations Roullier, EID Parry India Ltd.,
Green Has Italia SPA, Grupa Azoty SA, Gujarat State Fertilizers and
Chemicals Ltd., Haifa Negev technologies Ltd., Indian Farmers
Fertiliser Cooperative Ltd., Industries Qatar Q.P.S.C, Israel
Chemicals Ltd., KS Aktiengesellschaft, Nutrien Ltd., Sinochem Group
Co. Ltd., SQM S.A., The Mosaic Co., Uralchem JSC, Yara
International ASA, and Zuari Agro Chemicals Ltd..
Get a detailed analysis on regions, market
segments, customer landscape, and companies - Click for the
snapshot of this report
Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Type (Fertigation and
Foliar), Application (Nitrogenous, Potassic, and Phosphatic), and
Geography (Europe, North America, APAC, South America, and Middle
East and Africa)
|
Region
Covered
|
Europe, North America,
APAC, South America, and Middle East and Africa
|
Key companies
profiled
|
Captain Polyplast Ltd.,
CF Industries Holdings Inc., Cifo Srl, Compagnie Financiere et de
Participations Roullier, EID Parry India Ltd., Green Has Italia
SPA, Grupa Azoty SA, Gujarat State Fertilizers and Chemicals Ltd.,
Haifa Negev technologies Ltd., Indian Farmers Fertiliser
Cooperative Ltd., Industries Qatar Q.P.S.C, Israel Chemicals Ltd.,
KS Aktiengesellschaft, Nutrien Ltd., Sinochem Group Co. Ltd., SQM
S.A., The Mosaic Co., Uralchem JSC, Yara International ASA, and
Zuari Agro Chemicals Ltd.
|
Key Market Trends Fueling Growth
Precision farming is a cost-effective and efficient agricultural
technique that optimizes the use of water soluble fertilizers. This
method, which uses technology applications like high-precision
positioning systems, smart sensors, and satellites, enables farmers
to apply precise amounts of fertilizers based on soil conditions
and nutrient requirements. The popularity of precision farming is
on the rise due to its ability to improve farming practices,
increase yields, and reduce costs. In developing countries such as
China, India, and Bangladesh, the adoption of this technique
will fuel the demand for water soluble fertilizers during the
forecast period. Precision farming technologies, including
variable-rate input (VRT), soil and yield mapping, and tractor
guidance systems using a global positioning system (GPS), provide
farmers with valuable insights into soil fertility, moisture
content, and nutrient availability. These technologies help farmers
adjust their production practices accordingly, thereby supporting
the growth of the global water soluble fertilizers
market.
The Water Soluble Fertilizers market is experiencing significant
growth due to increasing food consumption and the need for food
security. With land availability becoming a concern, farmers are
adopting advanced farming techniques like hydroponics and nutrient
film technique to maximize crop yield. Environmental concerns have
led to a shift towards water-soluble fertilizers, as they provide
precise nutrient delivery and reduce nutrient loss. Fruits and
vegetables, horticultural crops, turf & ornamentals, and field
crops all benefit from water-soluble fertilizers. Macronutrients
like Nitrogen, Phosphorus, and Potassium are essential for plant
growth and are commonly found in water-soluble forms. Micronutrient
fertilizers ensure the nutritional value of crops. Natural
fertilizers and organic farming alternatives are gaining
popularity, but water-soluble fertilizers offer faster nutrient
uptake. Synthetic fertilizers like Nitrogenous fertilizers
(ammonia, nitric acid, urea), Phosphatic fertilizers, and Potassic
fertilizers dominate the market. Companies like Nutrien, Casa do
Adubo, and Polysulfate lead the market, offering specialized
fertilizers for various crops. Geopolitical factors like the
Ukrainian conflict and natural gas prices impact the production of
synthetic fertilizers. Foliar application and fertigation are
popular application methods for water-soluble fertilizers. Overall,
the market is expected to grow due to the need for efficient
nutrient delivery and increased food production.
Discover a Comprehensive 360° Market Analysis: Understand the
Impact of AI. For detailed information- Request Sample!
Market Challenges
- Water soluble fertilizers are essential agricultural inputs
containing various chemicals that enhance crop yield and
productivity. However, these fertilizers can pose potential health
and environmental risks. The chemicals in these fertilizers, such
as cadmium, aluminum, copper, and lead, can contaminate water
bodies and adversely affect human health. Consumption of
contaminated water can lead to health issues like hypertension,
skin diseases, kidney failure, and even mental retardation.
Furthermore, the application of these fertilizers to crops can
increase the risks of cancer, including leukemia, large intestine
cancer, and prostate cancer. These concerns may hinder the growth
of the water soluble fertilizers market during the forecast period.
It is crucial for manufacturers to focus on developing eco-friendly
and safer alternatives to mitigate these risks.
- The Water Soluble Fertilizers market faces several challenges
in the agricultural industry. Key nutrients like Nitrogen,
Phosphorus, and Potassium are essential for crop growth. However,
the availability of these nutrients, particularly Nitrogen from
sources like natural gas, affects fertilizer prices. The Ukrainian
conflict and synthetic ammonia production impact Nitrogen supply.
Organic farming gains popularity, increasing demand for organic
fertilizers. Major players like Nutrien and Casa do Adubo
offer Water Soluble Fertilizers in various forms - granules,
powder, and solutions. Segments include Nitrogenous, Micronutrient,
Phosphatic, and Potassium. Crop types like field crops, oilseeds,
and grain plantations require different nutrient combinations.
Specialty fertilizers cater to specific crop needs. Nutrient
accessibility becomes crucial with growing population and food
demand. Dry Water-Soluble Fertilizers are popular for cultivation
methods like fertigation and foliar application. Conventional
fertilizers face competition from Water Soluble Fertilizers due to
their quick nutrient availability. Cultivation of various crops,
horticulture, and gardening activities rely on these fertilizers
for optimal nutrient intake.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This water soluble fertilizers market report extensively covers
market segmentation by
- Type
- 1.1 Fertigation
- 1.2 Foliar
- Application
- 2.1 Nitrogenous
- 2.2 Potassic
- 2.3 Phosphatic
- Geography
- 3.1 Europe
- 3.2 North America
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Fertigation- The water-soluble fertilizer market
is experiencing significant growth due to its efficiency and ease
of use. These fertilizers dissolve quickly in water, allowing for
immediate nutrient absorption by plants. Farmers prefer
water-soluble fertilizers for their ability to deliver consistent
crop yields. Additionally, they are ideal for large-scale farming
operations and hydroponic systems. Key players in the market
include Haifa Group, Mosaic Company, and The Mosaic Fertilizer,
LLC. These companies focus on research and development to produce
high-quality, effective fertilizers.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
Water-soluble fertilizers are essential nutrient solutions for
modern agriculture, providing Nitrogen, Phosphorus, and Potassium
in a readily available form for crops. These fertilizers are
increasingly popular due to their high nutrient accessibility,
making them ideal for intensive cultivation, hydroponics,
and fertigation. The market for water-soluble fertilizers is
driven by population growth and food demand, with an emphasis on
maximizing crop yields. Nitrogen is a key component, sourced from
synthetic ammonia or natural sources like nitric acid and ammonium
nitrate. Phosphorus and Potassium are also essential, with urea and
specialty fertilizers completing the range. The market is
influenced by global events like the Ukrainian conflict and natural
gas prices, which impact the production of synthetic fertilizers.
Organic farming also plays a role, with some farmers opting for
natural water-soluble fertilizers derived from solvents and water.
Foliar applications are another trend, providing nutrients directly
to the leaves for optimal growth. Dry Water-Soluble Fertilizers
offer convenience and efficiency, making them a valuable tool in
modern agriculture.
Market Research Overview
Water-soluble fertilizers are essential nutrient solutions for
agriculture, horticulture, and gardening activities. These
fertilizers contain Nitrogen, Phosphorus, and Potassium in soluble
forms, making them easily accessible to plants. The Nitrogen
segment includes synthetic forms like Nitric acid, Ammonium
nitrate, Urea, and natural forms like Urea ammonium nitrate.
Organic farming also uses natural fertilizers, but water-soluble
forms are not common. The Ukrainian conflict and natural gas prices
impact synthetic ammonia production, affecting nitrogenous
fertilizer prices. Phosphorus is available as Phosphoric acid,
Triple Super Phosphate, and Monocalcium Phosphate in the
Phosphatic segment. Potassium comes as Potassium chloride,
Potassium sulfate, and Potassium magnesium sulfate in the Potassic
segment. The market comprises Dry Water-Soluble Fertilizers, NPK
fertilizers, Specialty fertilizers, and Foliar and Fertigation
segments. Field crops, nutrient accessibility, population, food
demand, and advanced farming techniques drive the market.
Cultivation of field crops like grain plantations, oilseeds,
fruits, vegetables, and horticultural crops benefit from these
fertilizers. Nutrient availability, environmental concerns, food
consumption, and food security are significant factors. Granules
and Powder forms are common, with Nitrogenous, Micronutrient, and
Phosphatic segments catering to various nutritional needs.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Application
-
- Nitrogenous
- Potassic
- Phosphatic
- Geography
-
- Europe
- North America
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download
multimedia:https://www.prnewswire.com/news-releases/water-soluble-fertilizers-market-to-grow-by-usd-3-57-billion-2024-2028-driven-by-demand-from-developing-countries-ais-impact-on-market-dynamics--report-by-technavio-302229607.html
SOURCE Technavio