What is Global Soluble Fertilizer Market?
The Global Soluble Fertilizer Market is a vast and dynamic sector that deals with the production, distribution, and consumption of soluble fertilizers. These fertilizers are a type of water-soluble fertilizers that are designed to dissolve quickly in water, making them an efficient and effective way to provide essential nutrients to plants. The market is driven by the increasing demand for high-efficiency fertilizers, the growing need for food security due to the rising global population, and the advancements in farming practices. However, the market also faces challenges such as the high cost of soluble fertilizers and the environmental concerns associated with their use.
NPK Water-Soluble, Humic Acid Water-Soluble, Amino Acid Water-Soluble, Others in the Global Soluble Fertilizer Market:
The Global Soluble Fertilizer Market is segmented based on the type of product into NPK Water-Soluble, Humic Acid Water-Soluble, Amino Acid Water-Soluble, and Others. NPK Water-Soluble fertilizers are the most popular type, accounting for over 60% of the market share. These fertilizers contain three essential nutrients - nitrogen, phosphorus, and potassium - that are crucial for plant growth. Humic Acid Water-Soluble fertilizers, on the other hand, are rich in humic and fulvic acids, which help improve soil structure and nutrient uptake. Amino Acid Water-Soluble fertilizers are made from amino acids, the building blocks of proteins, and are used to enhance plant growth and productivity. The Others category includes a variety of other types of soluble fertilizers.
Horticulture, Crop, Others in the Global Soluble Fertilizer Market:
The Global Soluble Fertilizer Market finds its applications in various areas such as Horticulture, Crop, and Others. In horticulture, soluble fertilizers are used to provide nutrients to plants in greenhouses, nurseries, and home gardens. They are preferred for their ease of application and quick nutrient release. In crop production, soluble fertilizers are used to boost crop yield and quality. They are applied through fertigation or foliar application, ensuring that the nutrients are readily available to the plants. The Others category includes applications in sectors like landscaping and turf management.
Global Soluble Fertilizer Market Outlook:
The Global Soluble Fertilizer Market, which was valued at US$ 13990 million in 2022, is projected to reach a value of US$ 17250 million by 2029. This represents a compound annual growth rate (CAGR) of 3.0% during the forecast period from 2023 to 2029. The market is dominated by the top five manufacturers, who collectively hold a market share of over 15%. The largest product segment in the market is NPK Water-soluble fertilizers, which account for over 60% of the market share.
| Report Metric | Details |
| Report Name | Soluble Fertilizer Market |
| Accounted market size in 2023 | US$ 14450 million |
| Forecasted market size in 2029 | US$ 17250 million |
| CAGR | 3.0 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Haifa Chemicals, Yara, Arab Potash Company, Omex, Everris, Bunge, SQM, UralChem, ICL Fertilizers, Sinclair, Grow More, EuroChem Group, Mosaicco, Nutrite, Aries Agro, LemagroNV, Dongbu Farm Hannong, Stanley, Hebei Monbang, CNAMPGC Holding, Hanfeng, Batian, Kingenta, Sichuan Guoguang Agrochemical, Beijing Jinggeng Tianxia Agricultural Science and Technology, Strongwill group |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
