Water Soluble NPK Fertilizers Market Report 2026

The water soluble npk fertilizers market size has grown strongly in recent years. It will grow from $14.29 billion in 2025 to $15.24 billion in 2026 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to increasing use of water-soluble fertilizers, expansion of irrigated agriculture, growing demand for balanced crop nutrition, availability of high-purity nutrient formulations, rising adoption of fertigation systems.

The water soluble npk fertilizers market size is expected to see strong growth in the next few years. It will grow to $19.15 billion in 2030 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to growing demand for precision agriculture inputs, rising focus on sustainable nutrient management, expansion of high-value crop cultivation, increasing adoption of smart irrigation systems, growing investment in specialty fertilizers. Major trends in the forecast period include rising adoption of precision fertigation practices, growing demand for high-efficiency nutrient delivery, increased use in horticulture and specialty crops, expansion of controlled-release fertilizer applications, enhanced focus on yield optimization.

The rising demand for horticulture crops is expected to drive the growth of the water-soluble NPK fertilizer market. Horticulture crops include fruits, vegetables, and ornamental plants. Increased cultivation of these crops boosts the use of water-soluble NPK fertilizers, which provide essential nutrients efficiently and promote better plant growth and productivity. For instance, in September 2024, the Australian Department of Agriculture reported that the gross value of horticulture production is projected to reach a record $17.8 billion in 2024-25, driven by higher yields in fruit and nut production and rising domestic and export volumes to high-value markets such as China, Japan, and Korea. Therefore, the rising demand for horticulture crops is expected to propel the growth of the water-soluble NPK fertilizers market.

Major players in the water-soluble NPK fertilizer market are intensifying their focus on introducing high-purity fertilizers as a strategic advantage. These high-purity fertilizers are characterized by their elevated concentrations of vital plant nutrients while maintaining minimal impurities. For instance, in June 2023, ICL Group Ltd., an Israel-based fertilizer company, introduced an advanced line of water-soluble micronutrients and N-P-K fertilizers tailored for the North American agriculture market. These products are engineered to offer high-purity formulations of water-soluble N-P-Ks and micronutrients, precisely catering to crop nutrient requirements. Their specialized composition is designed for efficient nutrient delivery through foliar and fertigation methods. What sets these products apart is their unique formulation, maximizing solubility and exhibiting a high degree of compatibility with a wide range of herbicides and crop protectants. This compatibility significantly enhances their effectiveness in agricultural applications.

In June 2023, AGROFERT, a Czech-based multinational agricultural holding company involved in crop production, food processing, and fertilizer manufacturing, acquired Borealis for EUR 810 million ($884.15 million). This acquisition aims to enhance AGROFERT's position in the fertilizer market. Borealis is an Austrian-based international chemicals company that primarily produces polyolefins, base chemicals, fertilizers, and various specialty chemicals.

Major companies operating in the water soluble npk fertilizers market are Yara International ASA, Nutrien Ltd., The Mosaic Company, ICL Group Ltd., Haifa Chemicals Ltd., K+S Aktiengesellschaft, EuroChem Group AG, OCI Global N.V., CF Industries Holdings, Inc., Israel Chemicals Ltd., Coromandel International Limited, UPL Limited, Sociedad Química y Minera de Chile S.A., PhosAgro PJSC, Sinofert Holdings Limited, Kingenta Ecological Engineering Group Co., Ltd., Rashtriya Chemicals and Fertilizers Limited, Gujarat State Fertilizers & Chemicals Limited, Deepak Fertilisers and Petrochemicals Corporation Limited, Agrium Inc.

Europe was the largest region in the water soluble NPK fertilizers market share in 2025. 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, South East Asia, 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, Taiwan, 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.

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