Water-Soluble Fertilizers Market Report 2026

The water-soluble fertilizers market size has grown strongly in recent years. It will grow from $15.72 billion in 2025 to $16.75 billion in 2026 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to expansion of irrigated agriculture, increasing adoption of drip irrigation, rising demand for higher crop yields, growth of horticultural farming, availability of soluble nutrient formulations.

The water-soluble fertilizers market size is expected to see strong growth in the next few years. It will grow to $21.8 billion in 2030 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to increasing focus on sustainable agriculture, rising demand for precision farming inputs, expansion of protected cultivation, growing adoption of smart irrigation systems, increasing emphasis on nutrient use efficiency. Major trends in the forecast period include increasing adoption of precision nutrient delivery, rising use of fertigation systems, growing demand for high-efficiency fertilizers, expansion of micronutrient-enriched formulations, enhanced crop-specific nutrition strategies.

The increasing crop production is expected to drive the growth of the water-soluble fertilizers market. Crop production involves cultivating plants to harvest yields for human consumption or industrial use. Water-soluble fertilizers are widely used because they provide quick nutrient availability, allow precise application, ensure uniform distribution, offer flexibility in timing, are compatible with controlled environments, and can reduce environmental impact. For example, in January 2025, the United States Department of Agriculture reported that sorghum grain production in 2024 reached an estimated 344 million bushels, an 8% increase compared to 2023. Therefore, agricultural practices and crop types are fueling the growth of the water-soluble fertilizers market.

Key companies in the water-soluble fertilizers market are focusing on high-solubility fertilizers to enhance nutrient absorption, boost crop yields, and support sustainable agriculture by optimizing nutrient delivery. High-solubility fertilizers dissolve rapidly in water, allowing efficient nutrient uptake, minimizing waste, and enabling precise application for improved crop performance. For instance, in June 2023, ICL Group, an Israel-based company, launched a new line of water-soluble micronutrient and N-P-K fertilizers in North America under the Nova brand. This product line includes Nova FINISH, Nova PULSE, Nova ELEVATE, and Nova FLOW, formulated for foliar application and fertigation. These fertilizers ensure rapid dissolution and precise nutrient delivery, are compatible with most herbicides and crop protectants, and provide high-purity N-P-K along with essential micronutrients tailored to different crops to promote plant health and growth.

In July 2024, ICL Group acquired Custom Ag Formulators (CAF) for $60 million. This acquisition allows ICL to expand its specialty fertilizer portfolio, broadening its offerings in liquid and dry agricultural fertilizers and strengthening its ability to provide tailored water-soluble and specialty nutrition solutions to North American growers. Custom Ag Formulators is a US-based company that provides customized agricultural fertilizer formulations, including liquid adjuvants, enhanced nutrients, and other specialty products.

Major companies operating in the water-soluble fertilizers market are Haifa Chemicals Ltd., Sociedad Química y Minera de Chile S.A. (SQM), Yara International ASA, Koch Fertilizer, LLC, ICL Fertilizers Ltd., Coromandel International Limited, Tata Chemicals Limited, Compass Minerals International, Inc., Nutrien Ltd., EuroChem Group AG, Sinofert Holdings Limited, Gujarat State Fertilizers & Chemicals Limited, Israel Chemicals Ltd., Mitsui Chemicals, Inc., PT Pupuk Kujang, Fertilizer Corporation of India Limited, Rashtriya Chemicals and Fertilizers Limited, Shanxi Lanhua Sci-Tech Co., Ltd., OCI N.V., PT Pupuk Indonesia (Persero)

Asia-Pacific was the largest region in the water-soluble fertilizers market in 2025. The regions covered in the water-soluble 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 fertilizers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The water-soluble fertilizers market consists of sales of urea phosphate, potassium nitrate, mono potassium phosphate, ammonium nitrate, sulfate of potash, and mono ammonium phosphate. 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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