North America Water Soluble Fertilizers Market

North America Water Soluble Fertilizers Market Size (2024 to 2032)

The North American water soluble fertilizers market was valued at USD 486.95 million in 2023 and is anticipated to reach USD 504.24 million in 2024 from USD 666.55 million by 2032, estimated to be growing at a CAGR of 3.55% from 2024 to 2032

The market is a great development in this field. The market continues to gain momentum with the rapid increase in increased demand of food in this area because of increasing population. Water Soluble Fertilizers are fertilizers that readily dissolve in water to give nutrition to crops.

Water Soluble Fertilizers (WSF) are readily soluble in water. Being soluble in water, they release nutrients to the roots of the plants through the process of osmosis. These nutrients absorbed are then transferred to various parts of plants, leaves, stems, etc.. where they are used in the plant’s mechanism. These fertilizers are mainly used through two ways, Fertigation and Foliar application. While in Fertigation, WSF is directly inserted into the irrigation system, in the Foliar system, these fertilizers are directly applied to the leaves of the plants.

With the increasing need for food in families with an increasing population in N.A., there has been a huge demand for fertilizers. Farmers need to keep their crops safe as the crops are also highly vulnerable to various diseases that spread very fast. Because their livelihood depends on farming only, they need to invest in WSF to safeguard these crops to prevent themselves from getting into huge losses. In addition to people’s concern to maintain their fitness, people usually tend to maintain a proper vegetarian diet and eat dishes like salad.  Water Soluble Fertilizers are facing challenges mainly because of increasing spending capabilities of people, people tend to eat non-vegetarian more often which indirectly affects this market a little bit. The rise of industrialization has led to the conversion of huge amount farming land into some industrial purpose, which is leading farmers away from this job, hence affecting this market.

This research report on the North American water soluble fertilizers market is segmented and sub-segmented into the following categories.

North America Water Soluble Fertilizers Market By Type of Crop

• Field
• Horticultural
• Turf & Ornamentals

North America Water Soluble Fertilizers Market By Application

• Fertigation
• Foliar method

North America Water Soluble Fertilizers Market By Type of WSF

• Nitrogenous
• Potassic
• Phosphatic
• Micronutrients

Potassic and micronutrient-based WSF are expected to show huge growth among other types as there is a balanced need for all the nutrients for plants. Fertigation mode is most commonly used to apply WSF.

COUNTRY ANALYSIS

• The USA
• Canada
• Mexico
• Rest of North America

On the basis of geography, the North American market is segmented into the United States and Canada. It is the second largest market globally with a share of 26% of the global WSF market. This region is growing at a decent region and will remain at its 2nd spot in this market in the mentioned forecast period.

KEY MARKET PLAYERS

Some of the major companies dominating the market, by their products and services include PR Agro Nutri Private Ltd. (India), CF Industries (US),  The Mosaic Company (US), Israel Chemicas (Israel), Eurochem (Switzerland), Terra Nitrogen Company (US), PT Petrokimia Gresik (Indonesia), Sinofert Holdings (Hong Kong), Americas Petrogas (Canada) and Sirius Minerals (UK).