Global Water Soluble NPK Fertilizers Market Report 2024

Water Soluble NPK Fertilizers Global Market Report 2024 – By Crop Type( Field Crops, Horticultural Crops, Ornamentals, Other Crop Types ), By Application( Foliar, Fertigation) – Market Size, Trends, And Global Forecast 2024-2033

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Water Soluble NPK Fertilizers Market Definition And Segments

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.

The main crop types of water soluble NPK fertilizers are field crops, horticultural crops, ornamentals, and other crop types. Field crops refer to any of the herbaceous plants that are widely planted in agricultural fields, including hay, grain, or cotton. These are used in applications such as foliar, and fertigation.

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

The water soluble NPK fertilizers market size has grown strongly in recent years. It will grow from $12.81 billion in 2023 to $13.69 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. 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 $17.44 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. 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.

Horticulture Crop Boom To Drive Water-Soluble NPK Fertilizer Market

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, according to the estimates published in July 2022 by the Indian Department of Agriculture and Farmers Welfare, an agency responsible for agriculture and farmers' welfare in the country, in India, the total horticulture output was anticipated to reach 341.63 million tons in 2021–22, up roughly 7.03 million tons (or 2.1% increase) from 2020–21. Therefore, the rising demand for horticulture crops is expected to drive the growth of the water-soluble NPK fertilizers market.

Expanding Population To Fuel Water Soluble NPK Fertilizers Market Growth

An increasing population is expected to propel the growth of the water-soluble NPK fertilizers market going forward. Increasing population refers to a rise in the total number of people living in a specific area, region, or country, leading to demographic growth. Water-soluble NPK fertilizers play a crucial role in increasing global food production by providing a readily available and balanced nutrient supply, ensuring higher crop yields to meet the demands of a growing population. For instance, in November 2022, according to the United Nations, a US-based intergovernmental organization, the world's population is expected to increase by nearly 2 billion people in the next 30 years, from the current 8 billion to 9.7 billion in 2050. Therefore, the increasing population is expected to drive the growth of the water-soluble NPK fertilizers market.

Major companies operating in the water soluble NPK fertilizers market report 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, Nutrien Limited, The Mosaic Company, Gujarat Aksha Fertilizer Company, Tanvi Bio Chemical Pvt Ltd., Volkschem Crop Science Pvt Ltd., Antares Chem Private Limited, Ram Shree Chemicals

Advanced Technology Revolutionizes Water-Soluble NPK Fertilizer 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 September 2021, Coromandel International Limited, an India-based chemical manufacturing company, launched GroShakti Plus fertilizer based on EnPhos Technology. Because of the robust plant development and improved disease resistance, this technology provides better root development, faster growth, and higher-quality yields. This fertilizer has all major NPK nutrients with the maximum nutrient content among complex fertilizers making it a great product for farmers.

Enhancing Agricultural Productivity Through Specialized Formulations

Major companies operating in the water-soluble NPK fertilizer market are increasing their focus on introducing high-purity fertilizers to gain a competitive edge in the market. High-purity fertilizers contain high concentrations of essential plant nutrients with minimal impurities. For instance, in June 2023, ICL Group Ltd., an Israel-based fertilizer company, launched an advanced line of water-soluble micronutrients and N-P-K fertilizers in the North American agriculture market. These products are designed to provide high-purity, water-soluble N-P-Ks and micronutrients tailored to crop nutrient demands, with a focus on effectively delivering nutrients through foliar and fertigation methods. The products are uniquely formulated to maximize solubility and offer a high degree of compatibility with most herbicides and crop protectants, contributing to their effectiveness in agricultural applications.

Yara Suomi Oy Expands Organic Fertilizer Portfolio With Ecolan Acquisition

In September 2021, Yara Suomi Oy, a Finland-based chemical company specializing in the production and distribution of fertilizers, acquired Ecolan Oy for an undisclosed amount. Through this acquisition, Yara will expand its organic fertilizer portfolio, crop nutrition solutions, and products reach to Europe. Ecolan Oy is a Finland-based company that produces recycled fertilizers.

Europe was the largest region in the water soluble NPK fertilizers market share in 2023. 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.

The countries covered in the water soluble NPK fertilizers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The water-soluble NPK fertilizers market consists of sales of water-soluble NPK fertilizers such as compound fertilizers. Values in this market are "factory gate" values; that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The water soluble NPK fertilizers market research report is one of a series of new reports from The Business Research Company that provides water soluble NPK fertilizers market statistics, including water soluble NPK fertilizers industry global market size, regional shares, competitors with a water soluble NPK fertilizers market share, detailed water soluble NPK fertilizers market segments, market trends and opportunities, and any further data you may need to thrive in the water soluble NPK fertilizers industry. This water soluble NPK fertilizers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

    Table Of Contents

    1. Executive Summary

    2. Water Soluble NPK Fertilizers Market Characteristics

    3. Water Soluble NPK Fertilizers Market Trends And Strategies

    4. Water Soluble NPK Fertilizers Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On the Market

    4.2. Ukraine-Russia War Impact On the Market

    4.3. COVID-19 Impact On the Market

    5. Global Water Soluble NPK Fertilizers Market Size and Growth

    5.1. Global Water Soluble NPK Fertilizers Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Water Soluble NPK Fertilizers Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Water Soluble NPK Fertilizers Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Water Soluble NPK Fertilizers Market Segmentation

    6.1. Global Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Field Crops

    Horticultural Crops

    Ornamentals

    Other Crop Types  

    6.2. Global Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Foliar

    Fertigation

    7. Water Soluble NPK Fertilizers Market Regional And Country Analysis

    7.1. Global Water Soluble NPK Fertilizers Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Water Soluble NPK Fertilizers Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Water Soluble NPK Fertilizers Market  

    8.1. Asia-Pacific Water Soluble NPK Fertilizers Market Overview  

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Water Soluble NPK Fertilizers Market  

    9.1. China Water Soluble NPK Fertilizers Market Overview  

    9.2. China Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Water Soluble NPK Fertilizers Market  

    10.1. India Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Water Soluble NPK Fertilizers Market  

    11.1. Japan Water Soluble NPK Fertilizers Market Overview  

    11.2. Japan Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Water Soluble NPK Fertilizers Market  

    12.1. Australia Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Water Soluble NPK Fertilizers Market  

    13.1. Indonesia Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Water Soluble NPK Fertilizers Market  

    14.1. South Korea Water Soluble NPK Fertilizers Market Overview  

    14.2. South Korea Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Water Soluble NPK Fertilizers Market  

    15.1. Western Europe Water Soluble NPK Fertilizers Market Overview

    15.2. Western Europe Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Water Soluble NPK Fertilizers Market  

    16.1. UK Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Water Soluble NPK Fertilizers Market  

    17.1. Germany Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Water Soluble NPK Fertilizers Market  

    18.4. France Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.5. France Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Water Soluble NPK Fertilizers Market  

    19.7. Italy Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.8. Italy Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Water Soluble NPK Fertilizers Market  

    20.10. Spain Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.11. Spain Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Water Soluble NPK Fertilizers Market  

    21.1. Eastern Europe Water Soluble NPK Fertilizers Market Overview

    21.2. Eastern Europe Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Water Soluble NPK Fertilizers Market  

    22.1. Russia Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Water Soluble NPK Fertilizers Market  

    23.1. North America Water Soluble NPK Fertilizers Market Overview

    23.2. North America Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Water Soluble NPK Fertilizers Market  

    24.1. USA Water Soluble NPK Fertilizers Market Overview

    24.2. USA Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Water Soluble NPK Fertilizers Market  

    25.1. Canada Water Soluble NPK Fertilizers Market Overview

    25.2. Canada Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Water Soluble NPK Fertilizers Market  

    26.1. South America Water Soluble NPK Fertilizers Market Overview

    26.2. South America Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Water Soluble NPK Fertilizers Market  

    27.1. Brazil Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Water Soluble NPK Fertilizers Market  

    28.1. Middle East Water Soluble NPK Fertilizers Market Overview

    28.2. Middle East Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Water Soluble NPK Fertilizers Market  

    29.1. Africa Water Soluble NPK Fertilizers Market Overview

    29.2. Africa Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Water Soluble NPK Fertilizers Market Competitive Landscape And Company Profiles

    30.1. Water Soluble NPK Fertilizers Market Competitive Landscape

    30.2. Water Soluble NPK Fertilizers Market Company Profiles

    30.2.1. Haifa Chemicals Ltd.

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Yara International ASA

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Arab Potash Company

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. OMEX Agricultural Holdings Limited

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. Acron Group

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Global Water Soluble NPK Fertilizers Market Competitive Benchmarking

    32. Global Water Soluble NPK Fertilizers Market Competitive Dashboard

    33. Key Mergers And Acquisitions In The Water Soluble NPK Fertilizers Market

    34. Water Soluble NPK Fertilizers Market Future Outlook and Potential Analysis

    34.1 Water Soluble NPK Fertilizers Market In 2028 - Countries Offering Most New Opportunities

    34.2 Water Soluble NPK Fertilizers Market In 2028 - Segments Offering Most New Opportunities

    34.3 Water Soluble NPK Fertilizers Market In 2028 - Growth Strategies

    34.3.1 Market Trend Based Strategies

    34.3.2 Competitor Strategies

    35. Appendix

    35.1. Abbreviations

    35.2. Currencies

    35.3. Historic And Forecast Inflation Rates

    35.4. Research Inquiries

    35.5. The Business Research Company

    35.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Water Soluble NPK Fertilizers Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Water Soluble NPK Fertilizers Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Asia-Pacific, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Asia-Pacific, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: China, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: China, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: India, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: India, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: Japan, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: Japan, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: Australia, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: Australia, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: Indonesia, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Indonesia, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: South Korea, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: South Korea, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Western Europe, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Western Europe, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: UK, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: UK, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Germany, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: Germany, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: France, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: France, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: Italy, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Italy, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Spain, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: Spain, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: Eastern Europe, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: Eastern Europe, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: Russia, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Russia, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: North America, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: North America, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: USA, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: USA, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: Canada, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Canada, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: South America, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: South America, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Brazil, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Brazil, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Middle East, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Middle East, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Africa, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Africa, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Haifa Chemicals Ltd. Financial Performance
  • Table 52: Yara International ASA Financial Performance
  • Table 53: Arab Potash Company Financial Performance
  • Table 54: OMEX Agricultural Holdings Limited Financial Performance
  • Table 55: Acron Group Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Water Soluble NPK Fertilizers Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Water Soluble NPK Fertilizers Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Asia-Pacific, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Asia-Pacific, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: China, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: China, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: India, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: India, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: Japan, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: Japan, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: Australia, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: Australia, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: Indonesia, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Indonesia, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: South Korea, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: South Korea, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Western Europe, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Western Europe, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: UK, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: UK, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Germany, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: Germany, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: France, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: France, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: Italy, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Italy, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Spain, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: Spain, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: Eastern Europe, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: Eastern Europe, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: Russia, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Russia, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: North America, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: North America, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: USA, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: USA, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: Canada, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Canada, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: South America, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: South America, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Brazil, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Brazil, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Middle East, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Middle East, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Africa, Water Soluble NPK Fertilizers Market, Segmentation By Crop Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Africa, Water Soluble NPK Fertilizers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Haifa Chemicals Ltd. Financial Performance
  • Figure 52: Yara International ASA Financial Performance
  • Figure 53: Arab Potash Company Financial Performance
  • Figure 54: OMEX Agricultural Holdings Limited Financial Performance
  • Figure 55: Acron Group Financial Performance
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Frequently Asked Questions

What is the definition 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. For further insights on the water soluble NPK fertilizers market, request a sample here

How will the water soluble NPK fertilizers market drivers and restraints affect the water soluble NPK fertilizers market dynamics? What forces will shape the water soluble NPK fertilizers industry going forward?

The water soluble NPK fertilizers market major growth driver - horticulture crop boom to drive water-soluble npk fertilizer market. For further insights on the water soluble NPK fertilizers market, request a sample here

What is the forecast market size or the forecast market value of the water soluble NPK fertilizers market ?

The water soluble NPK fertilizers market size has grown strongly in recent years. It will grow from $12.81 billion in 2023 to $13.69 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. 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 $17.44 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. 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. For further insights on the water soluble NPK fertilizers market, request a sample here

How is the water soluble NPK fertilizers market segmented?

The water soluble NPK fertilizers market is segmentedThe 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, FertigationFor further insights on the water soluble NPK fertilizers market,
request a sample here

Which region has the largest share of the water soluble NPK fertilizers market? What are the other regions covered in the report?

Europe was the largest region in the water soluble NPK fertilizers market share in 2023. 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. For further insights on the water soluble NPK fertilizers market, request a sample here.

Who are the major players in the water soluble NPK fertilizers market?

Major companies operating in the water soluble NPK fertilizers market report 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, Nutrien Limited, The Mosaic Company, Gujarat Aksha Fertilizer Company, Tanvi Bio Chemical Pvt Ltd., Volkschem Crop Science Pvt Ltd., Antares Chem Private Limited, Ram Shree Chemicals For further insights on the water soluble NPK fertilizers market, request a sample here.

What are the key trends in the water soluble NPK fertilizers market?

Major trend in the water soluble NPK fertilizers market - advanced technology revolutionizes water-soluble npk fertilizer market. For further insights on the water soluble NPK fertilizers market, request a sample here.

What are the major opportunities in the water soluble NPK fertilizers market? What are the strategies for the water soluble NPK fertilizers market?

For detailed insights on the major opportunities and strategies in the water soluble NPK fertilizers market, request a sample here.

How does the water soluble NPK fertilizers market relate to the overall economy and other similar markets?

For detailed insights on water soluble NPK fertilizers market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the water soluble NPK fertilizers industry?

For detailed insights on the mergers and acquisitions in the water soluble NPK fertilizers industry, request a sample here.

What are the key dynamics influencing the water soluble NPK fertilizers market growth? SWOT analysis of the water soluble NPK fertilizers market.

For detailed insights on the key dynamics influencing the water soluble NPK fertilizers market growth and SWOT analysis of the water soluble NPK fertilizers industry, request a sample here.