Global Nitrogenous Water Soluble Fertilizer Market, By Form (Dry, Liquid), Crop Type (Field Crops, Horticultural Crops, Turf and Ornamentals, Others), Application (Foliar, Fertigation), – Industry Trends and Forecast to 2029
Nitrogenous Water Soluble Fertilizer Market Analysis and Size
Fertilizers are substances added to increase yield by providing crops with nutrients the soil lacks. Fertilizer addition frequently doubles or triples yield. The ever-increasing demand for agricultural products is the primary driver of the rise in demand for water-soluble fertilisers.
Data Bridge Market Research analyses that the nitrogenous water soluble fertilizer market which was valued at USD 57.2 billion in 2021 is expected to reach the value of USD 90.48 billion by 2029, at a CAGR of 5.90% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, technological advancements and patent analysis.
Nitrogenous Water Soluble Fertilizer Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Form (Dry, Liquid), Crop Type (Field Crops, Horticultural Crops, Turf and Ornamentals, Others), Application (Foliar, Fertigation),
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Bayer AG (Germany), BASF SE (Germany), Yara (Norway), Compass Minerals (U.S.), Syngenta Crop Protection AG (Switzerland), ADAMA (Israel), Sumitomo Chemicals Co. Ltd. (Japan), Nufarm (Australia), UPL (India), K+S Aktiengesellschaft (Germany), ICL (Israel)
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Opportunities
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Market Definition
Water soluble fertilisers are compound specialty fertilisers that can be completely dissolved in water and easily added to or leached out of the soil. They have numerous advantages over conventional fertilisers, including increased crop yield and soil nutrient availability. These fertilisers aid in increasing utilisation because combining water and fertiliser saves fertiliser, water, and labour.
Nitrogenous Water Soluble Fertilizer Market Dynamics
Drivers
- Growing awareness and knowledge on agricultural profiles
Rising farmer knowledge of soil profile and nutritional balance, growing popularity of commercial agriculture around the world, low-cost fertiliser production, and rising demand for agrochemicals are some of the factors expected to drive the nitrogenous fertiliser market. Furthermore, an increase in the need to increase productivity and level yield and fertiliser intensity gaps across countries will dampen the market's growth rate.
- Growing adoption of horticulture practices
Despite rising crop prices and significant labour costs, a rapid increase in global horticulture crop production will boost the water soluble fertilizer market. The shift in emphasis toward dietary food and increased demand for fruits and vegetables will encourage its use in horticulture. Water soluble fertilisers enable farmers to grow more food on less land while providing a significant return on investment. The primary factor driving the growth of the nitrogenous water soluble fertilizer market is its widespread use in reducing chemical leaching of crops, which is expected to significantly drive the nitrogenous water soluble fertilizer market during the forecast period.
Opportunity
The nitrogenous water soluble fertilizer markets are benefiting from increased awareness of drip irrigation systems. Subsurface drip irrigation systems are commonly used to supplement fodder maize production. The nitrogenous water soluble fertilizer market is being driven by government initiatives to maximise the use of water resources in agriculture.
Restraints
However, rising organic fertiliser industry growth and growing lack of awareness are among the major factors acting as restraints, while rising number of players with similar product formulations will further challenge the growth of nitrogenous water soluble fertiliser market during the forecast period.
This nitrogenous water soluble fertilizer market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the nitrogenous water soluble fertilizer market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Nitrogenous Water Soluble Fertilizer Market
Nitrogenous water soluble fertilizer are widely used in the production of vegetables, fruits, wine, and crops, which necessitate extensive crop care such as seed treatment, soil management, crop protection, and more. However, as a result of the pandemic, production in these sectors is experiencing challenges such as late crop care and pesticide product deliveries, trade and delivery issues, and more. Due to the COVID-19 Pandemic, the entire world has gone into lockdown, resulting in the closure of restaurants and grocery stores and a decrease in demand for fresh produce and fisheries products, affecting producers and suppliers. Agricultural bodies such as the Indian Council of Agricultural Research (ICAR) have issued guidelines for farmers to follow during the lockdown period in order to harvest certain crops.
Recent Development
- Netafim USA, a subsidiary of Netafim Ltd., launched its new AlphaDiscTM filter in February 2022, a new filter designed to protect irrigation systems from clogging caused by organic contaminants.
- Valmont Industries paid USD 300 million for Prospera Technologies (an Israeli crop analytics startup) in May 2021. They are primarily concerned with digitising centre pivot irrigation systems.
- Rain Bird will release New Rain Bird Flow-Indicating Basket Filters in February 2021, making irrigation systems easier to install and maintain by combining flow measurement, filtration, and integrated pressure regulation in a single, compact solution.
- Lindsay Corporation and Nutrien AG Solutions, the world's largest provider of crop inputs and services, announced collaboration in January 2019 that will allow Nutrien AG Solutions and Lindsay's remote irrigation management and scheduling platform to work together.
Global Nitrogenous Water Soluble Fertilizer Market Scope
The nitrogenous water soluble fertilizer market is segmented on the basis of form, crop type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Form
- Dry
- Liquid
Crop type
- Field Crops
- Horticultural Crops
- Turf and Ornamentals
- Others
Application
- Foliar
- Fertigation
Nitrogenous Water Soluble Fertilizer Market Regional Analysis/Insights
The nitrogenous water soluble fertilizer market is analysed and market size insights and trends are provided by country, form, crop type and application as referenced above.
The countries covered in the nitrogenous water soluble fertilizer market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the nitrogenous water soluble fertilizer market due to rising demand for better crop quality, growing population, and rising awareness among people about the benefits of available methods, whereas Asia-Pacific is expected to grow during the forecast period due to rising demand for the method and technique in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Nitrogenous Water Soluble Fertilizer Market Share Analysis
The nitrogenous water soluble fertilizer market competitive landscape provides details by competitor. details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to nitrogenous water soluble fertilizer market.
Some of the major players operating in the nitrogenous water soluble fertilizer market are:
- Bayer AG (Germany)
- BASF SE (Germany)
- Yara (Norway)
- Compass Minerals (U.S.)
- Syngenta Crop Protection AG (Switzerland)
- ADAMA (Israel)
- Sumitomo Chemicals Co. Ltd. (Japan)
- Nufarm (Australia)
- UPL (India)
- K+S Aktiengesellschaft (Germany)
- ICL (Israel)
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