Global Water Soluble Fertilizers Market 2024: Top Players and Growth Trends

As precision agriculture and resource-efficient farming practices take center stage globally, water soluble fertilizers (WSFs) are witnessing significant growth. These fertilizers are tailored for drip and foliar applications, offering faster nutrient absorption, minimal wastage, and enhanced crop productivity. According to data from Pristine Market Insights, the 2024 global market for water soluble fertilizers is being led by a mix of international giants and regionally strong players.

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💧 Why Water Soluble Fertilizers?

Water soluble fertilizers dissolve completely in water, allowing for easy application through fertigation and foliar spraying. They provide:

• Immediate nutrient availability

• High nutrient use efficiency

• Reduced leaching losses

• Better control over nutrient dosing

• Suitability for high-value horticultural and greenhouse crops

These attributes make WSFs a vital input in sustainable, high-efficiency agriculture.

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🌍 Global Market Share Overview (2024)

The global WSF market is distributed among several key players. Here's how the 2024 revenue shares stack up:

🔝 Top Companies

• Yara International ASA – 17.5%
  As a global leader in crop nutrition, Yara's extensive product portfolio and innovation in fertigation-based solutions secure its top spot.

• Nutrien Ltd. – 13.2%
  Nutrien’s integrated model from production to distribution ensures broad market access, especially in North America.

• The Mosaic Company – 10.6%
  Known for its phosphate and potash-based fertilizers, Mosaic plays a major role in both open-field and protected farming systems.

• SQM – 9.1%
  Specializing in potassium nitrate and specialty fertilizers, SQM holds a dominant position in high-value crop segments.

• Haifa Group – 8.3%
  Based in Israel, Haifa is renowned for innovation in micronutrients and tailor-made fertigation blends.

• ICL Group – 7.5%
  ICL’s strength lies in its versatile offerings for greenhouse and precision farming.

• K+S Gruppe – 5.6%
  A key player from Germany, K+S focuses on potassium and magnesium-based water soluble formulations.

• Coromandel International – 3.9%
  One of India’s leading agri-input companies, with a growing footprint in fertigation-based nutrients.

• EuroChem – 2.6%
  A vertically integrated company with a focus on nitrogen and phosphate-based water soluble solutions.

• IFFCO – 2.1%
  Representing Indian cooperative power, IFFCO contributes with a robust local distribution network and growing product diversification.

• Others – 19.6%
  A diverse mix of regional players and niche solution providers capturing nearly one-fifth of the market.

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📈 Market Drivers

1. Rising Demand for High-Value Crops: Fruits, vegetables, and floriculture require precise nutrient delivery—an ideal use case for WSFs.

2. Drip Irrigation Expansion: Governments across Asia and Africa are promoting drip irrigation, which directly supports WSF usage.

3. Greenhouse Farming: Increasing adoption of protected cultivation in regions with water constraints boosts demand for soluble nutrients.

4. Sustainability Focus: WSFs reduce nutrient losses and environmental impact, aligning with climate-smart agriculture goals.

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🔮 Outlook for 2025 and Beyond

The global water soluble fertilizer market is poised for sustained growth, driven by:

• Advances in fertigation technology

• Precision farming expansion

• Public-private partnerships to enhance nutrient use efficiency

• Customized blends for crop and soil-specific needs

With continuous innovation, rising awareness, and supportive policy frameworks, WSFs are set to play an even greater role in shaping future-ready agriculture.

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References:

• Pristine Market Insights (2025). "Global Water Soluble Fertilizers Revenue Share % in 2024"

• FAO. Water Productivity and Fertilizer Use Efficiency Reports

• IFA. Fertilizer Industry Statistics and Market Trends