What Does the Historical and Current Nitrogenous Water Soluble Fertilizer Market Size Trend Indicate?
The nitrogenous water soluble fertilizer market has seen considerable growth due to a variety of factors.
•The market for water soluble nitrogenous fertilizers has seen a robust growth in recent years. The market, which was valued at $65.1 billion in 2024, is projected to rise to $69.63 billion in 2025, with a compound annual growth rate (CAGR) of 7.0%.
The historical growth trend can be credited to factors like the preferences and increased awareness among farmers, the nutritional needs of crops, advancements in research and development, competitive dynamics in the market, and the need for improving crop yield and quality.
How Will the Nitrogenous Water Soluble Fertilizer Market Size Evolve over the Forecast Period?
The nitrogenous water soluble fertilizer market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for nitrogenous water soluble fertilizers is anticipated to experience substantial growth in the coming years, achieving a size of "$92.2 billion by 2029, with a compound annual growth rate (CAGR) of 7.3%.
Several factors can account for the expected growth during this forecast period, including an increasing population and food demand, a focus on environmental sustainability, the adoption of precision agriculture, the effects of climate change, and heightened awareness and education. Key trends anticipated for the forecast period encompass market accessibility, personalized fertilization strategies, urban farming and greenhouses, hydroponics and soilless agriculture, with a particular emphasis on crop nutrition.
What Are The Core Factors Supporting Growth In The Nitrogenous Water Soluble Fertilizer Market?
The surge in popularity of commercial farming is predicted to spur the expansion of the nitrogenous water-soluble fertilizer market. Commercial agriculture pertains to the large-scale cultivation of crops and rearing of livestock to generate income. Nitrogenous water-soluble fertilizers are frequently used in agricultural practices for nutrient management, hence fostering the development of the market. For instance, as per GOV.UK, an official statistics website operated by the UK government, data from May 2022 indicated that income from total crop production saw an uptick by $11,782 million in 2021, with total livestock income also seeing a significant rise by $17,626 million in the same year. Consequently, the increasing favorability of commercial farming is propelling the nitrogenous water-soluble fertilizer market's growth.
What Are The Major Segments Within The Global Nitrogenous Water Soluble Fertilizer Market?
The nitrogenous water soluble fertilizer market covered in this report is segmented –
1) By Type: Macroelement WSF, Microelement WSF, Other Types
2) By Crop Type: Field Crops, Horticultural Crops, Turf And Ornamentals, Other Crop Types
3) By Form: Dry, Liquid
4) By Application: Foliar, Fertigation
Subsegments:
1) By Macroelement WSF: Urea, Ammonium Nitrate, Calcium Nitrate, Potassium Nitrate, Ammonium Sulfate
2) By Microelement WSF: Iron (Fe), Zinc (Zn), Manganese (Mn), Copper (Cu), Boron (B), Molybdenum (Mo)
3) By Other Types: Controlled Release Fertilizers, Specialty Fertilizers, Blended Fertilizers
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Which Trends Are Expected To Transform The Nitrogenous Water Soluble Fertilizer Market?
Key advancements in technology are emerging as a significant trend in the nitrogenous water-soluble fertilizer market. To maintain their market standing, prominent companies in this sector are pioneering new technological solutions. For example, Yara International, a Norway-based chemicals manufacturer specializing in fertilizers, launched the YaraIrix system for nitrogen water-soluble fertilizer in September 2022. This system includes a complimentary app (compatible with Android and iOS) that aids users in determining the nitrogen requirements of diverse crops during their initial growth stages. The app supports two hardware options – a smartphone clip and a Bluetooth N-Tester – for succeeding crop growth stages. Immediately after taking a measurement, the software provides recommendations on the necessary fertilizer amounts for the crops. The functionality of the system can be enhanced using the N-Tester Clip, which turns the smartphone camera into a nitrogen sensor when attached.
Who Are the Key Players in the Nitrogenous Water Soluble Fertilizer Market?
Major companies operating in the nitrogenous water soluble fertilizer market include:
• Israel Chemicals Ltd.
• Yara International ASA
• K+S AG
• Coromandel International Limited
• Sociedad Química y Minera de Chile
• The Mosaic Company
• Nutrien Ltd.
• COMPO GmbH & Co. KG
• EuroChem Group AG
• BASF SE
• Adama Agricultural Solutions Ltd.
• Uralchem Group
• Nufarm Limited
• Qatar Fertilizer Company
• Haifa Group
• Koch Fertilizer LLC
• CF Industries Holdings Inc.
• Kugler Company
• Turf Care Supply Corp.
• Bunge Limited
• Tessenderlo Group
• Sinofert Holdings Limited
• Deepak Fertilizers and Petrochemicals Corporation Limited
• Zuari Agro Chemicals Ltd.
• Rashtriya Chemicals & Fertilizers Ltd.
• Apache Corporation
• Sinochem Corporation
• Mears Fertilizer Inc.
• Gujarat State Fertilizers & Chemicals Ltd.
• Saudi Basic Industries Corporation
• Brandt Consolidated Inc.
• Plant Food Company Inc.
• Greenfeed Agro Sdn Bhd
• Wilbur-Ellis Company LLC
• Shikefeng Chemical Industry Co. Ltd.
• Sapec Agro Business SA
What Is The Most Dominant Region In The Nitrogenous Water Soluble Fertilizer Market?
Europe was the largest region in the nitrogenous water soluble fertilizer market in 2024. The regions covered in the nitrogenous water soluble fertilizer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
