Water Soluble Fertilizers Market To Reach $39.67 Billion By 2033

Water Soluble Fertilizers  Market Growth & Trends

The global water soluble fertilizers market size is expected to reach USD 39.67 Billion by 2033, registering a CAGR of 4.5% from 2025 to 2033, according to a new report by Grand View Research, Inc.. Rising demand for the product as they improve crop quality and increases crop production output significantly will augment market growth over the forecast period. Increasing crop production in countries including China, India, the U.S., Indonesia, Brazil, Japan and Mexico on account of growing population will drive industry size over the next eight years. Decreasing availability of arable land is expected to fuel the product demand over the forecast period.

Horticultural crops are projected to show significant revenue gains at a CAGR of 6.8% from 2016 to 2024 owing to rising consumption of fruits, vegetables, spices and medicinal plants. Moreover, rapid economic development, government support, advancements in fertilizer manufacturing is anticipated to propel market demand.

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Water Soluble Fertilizers Market Report Highlights

• The water-soluble NPK segment held the largest revenue share of 19.9% in 2024 due to its balanced nutrient composition, high compatibility with fertigation systems, and wide applicability across various crops and soil types

• The horticultural open-field segment accounted for the largest revenue share of 38.2% in 2024, primarily due to the extensive global cultivation of fruits, vegetables, and other high-value crops in open-field conditions

• By application, fertigation segment dominated the market share with 38.2% in 2024 due to its efficiency in delivering nutrients directly through irrigation systems, ensuring uniform distribution and optimal absorption by plant roots

• On the other hand, the foliar application segment is gaining prominence for its ability to provide quick nutrient uptake, especially during critical growth stages or when root absorption is limited due to soil constraints

• Asia Pacific held the largest revenue share, 36.7%, in 2024, fueled by increasing population-driven food demand, shrinking arable land, and rising adoption of modern agricultural practices.

Water Soluble Fertilizers Market Segmentation

Grand View Research has segmented the global Water Soluble Fertilizers market report based on type, application, vertical, and region:

Water Soluble Fertilizers Product Outlook (Volume, Kilotons; Revenue, USD Million; 2021 - 2033)

• Ammonium Nitrate

• Ammonium Sulphate

• Calcium Nitrate

• Potassium Sulphate

• Potassium Nitrate

• Monoammonium Phosphate (MAP)

• Mono Potassium Phosphate (MKP)

• Urea Phosphate

• Magnesium Nitrate

• Magnesium Sulfate

• Water-soluble NPK

• Urea

• Urea Ammonium Nitrate

• Others

Water Soluble Fertilizers Crop Outlook (Volume, Kilotons; Revenue, USD Million; 2021 - 2033)

• Horticultural Openfield

• Horticultural Greenhouse

• Field Crops

• Turf & Ornamental

• Others

Water Soluble Fertilizers Application Outlook (Volume, Kilotons; Revenue, USD Million; 2021 - 2033)

• Fertigation

• Foliar

• Raw Material

Water Soluble Fertilizers Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2021 - 2033)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

• Middle East & Africa

  • South Africa

  • Saidi Arabia

• Latin America

  • Brazil

  • Argentina

List of Key Players in Water Soluble Fertilizers Market

• Agrium Inc.

• Potash Corp

• Israel Chemicals Limited

• The Mosaic Company

• K+S AG

• EuroChem

• Yara International ASA

• Coromandel International Limited

• Compo GmbH & Co. KG

• Hebei Monband Water Soluble Fertilizer Co., Limited