The Business Research Company’s report on the Water Soluble NPK Fertilizers Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the water soluble npk fertilizers market’s growth in recent years?
Rising demand for horticulture crops is expected to propel the growth of the water-soluble NPK fertilizer market going forward. Horticulture crops refer to plant crops that typically include fruits, vegetables, and ornamental plants. Rising cultivation of horticulture crops will result in increased use of water-soluble NPK fertilizers due to their water solubility and nutritional benefits enabling better plant growth and productivity. For instance, in September 2024, according to Department of Agriculture, an Australian based government agency, the gross value of horticulture production is projected to reach a record $17.8 billion in 2024-25. This increase is anticipated to be driven by higher yields in fruit and nut production, which will also boost domestic production and export volumes. Global demand for these products is expected to rise significantly, particularly from high-value markets such as China, Japan, and Kore . Therefore, the rising demand for horticulture crops is expected to drive the growth of the water-soluble NPK fertilizers market.
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How does the future projection of the water soluble npk fertilizers market size compare to its historical growth?
The water soluble npk fertilizers market size has grown strongly in recent years. It will grow from $13.6 billion in 2024 to $14.49 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to agricultural intensification, global population growth, shift towards commercial farming, demand for high-value crops, environmental regulations, increase in horticulture and floriculture, government subsidies and incentives, growing awareness of crop nutrition, climate variability and crop resilience.
The water soluble npk fertilizers market size is expected to see strong growth in the next few years. It will grow to $18.75 billion in 2029 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to rising global food demand, climate-smart agriculture practices, increasing trend of soilless cultivation, biostimulants and micronutrient incorporation, economic growth and farming practices, focus on crop-specific nutrient management. Major trends in the forecast period include hydroponic and soilless farming, customized nutrient formulations, digital agriculture and farm management, integration of micronutrients, technological advancements in fertilizer manufacturing, precision agriculture technologies, specialty crop cultivation.
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Which key players are shaping the future of the water soluble npk fertilizers market?
Major companies operating in the water soluble npk fertilizers market are Haifa Chemicals Ltd., Yara International ASA, Arab Potash Company, OMEX Agricultural Holdings Limited, Acron Group, Coromandel International Limited, EuroChem Group AG, Hebei Monband Water Soluble Fertilizer Co. Ltd., Indian Farmers Fertiliser Cooperative Limited, ICL Group Ltd., K+S Aktiengesellschaft AG, PhosAgro PJSC, Uralchem Integrated Chemicals Company, Grupa Azoty S.A., Chambal Fertilisers and Chemicals Ltd., Deepak Fertilisers and Petrochemicals Corporation Limited, Nutrien Ltd., Iowa Fertilizer Company, Qatar Fertiliser Company, Israel Chemical Limited, Sociedad Quimica Y Minera SA, BMS Micro-Nutrients NV, Compo Expert, The Mosaic Company, Gujarat Aksha Fertilizer Company, Tanvi Bio Chemical Pvt Ltd., Volkschem Crop Science Pvt Ltd., Antares Chem Private Limited, Ram Shree Chemicals
What trends will propel the growth and evolution of the water soluble npk fertilizers market?
The adoption of advanced technology is a key trend gaining popularity in the water-soluble NPK fertilizers market. Major market players are concentrating their efforts on incorporating innovative technologies in their fertilizers offering better root growth as well as disease resistance and sustaining their position in the market. For instance, in June 2023, ICL Growing Solutions, an Israel based company, launched of a new line of advanced foliar and fertigation solutions in North America under their Nova brand of water-soluble fertilizers. Flagship products include Nova FINISH, Nova PULSE, Nova ELEVATE, and Nova FLOW. These water-soluble NPK fertilizers are designed to enhance plant growth, promote fruit quality, and optimize nutrient delivery.
Which regions are expected to become dominant players in the water soluble npk fertilizers market?
Europe was the largest region in the water soluble NPK fertilizers market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the water soluble NPK fertilizers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the emerging key segments in the water soluble npk fertilizers market, and how are they evolving?
The water soluble npk fertilizers market covered in this report is segmented –
1) By Crop Type: Field Crops, Horticultural Crops, Ornamentals, Other Crop Types
2) By Application: Foliar, Fertigation
Subsegments:
1) By Field Crops: Cereals, Pulses And Legumes, Oilseeds
2) By Horticultural Crops: Fruits, Vegetables, Greenhouse Crops
3) By Ornamentals: Flowering Plants, Foliage Plants, Landscape Plants
4) By Other Crop Types: Turf And Grass, Medicinal Plants, Specialty Crops
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What defines the structure and scope of the water soluble npk fertilizers market?
Water-soluble NPK fertilizers are fertilizers made from a combination of rich nitrogen, phosphorus, and potassium ingredients that are highly effective, quick-acting, and exceptionally helpful for improving the quality and output of all field and cash crops, as well as horticulture.
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