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The fertigation mode of application segment generated over USD 10 billion in the water soluble fertilizer market in 2022 and is poised to grow at a CAGR of around 4.8% during the forecast period. Fertigation is a method of applying water-soluble fertilizers to crops using an irrigation system. This method is commonly used in commercial agriculture and horticulture as well as in home gardens & landscapes. Fertigation is a common farming practice. Growers can save resources, time, and effort by completing two activities at once, i.e., fertilization & watering, by using the fertigation approach.
Cereals are one of the major crops that use water-soluble fertilizers. The use of water-soluble fertilizers in cereal crops can improve crop yields and quality. Water-soluble fertilizers can be used to provide cereal crops with the essential nutrients they need for optimal growth and development. These nutrients include nitrogen, phosphorus, and potassium as well as other micronutrients such as zinc & copper. Water-soluble fertilizers can also be used in foliar sprays to provide cereal crops with the essential nutrients they need for optimal growth and development. Foliar sprays can be especially useful when crops are under stress or during critical growth stages.
Among the water soluble fertilizer forms, dry product is projected to acquire substantial traction. Dry water soluble fertilizer market is expected to grow at a CAGR of over 5.1% from 2023 to 2032. Dry water-soluble fertilizers are available in a dry granular or powder form but dissolve quickly in water when applied to plants. They are easy to handle, transport & store and can be applied to plants through irrigation systems or by mixing with water and applying directly to the soil.
Dry water-soluble fertilizers are made of various nutrient compounds including nitrogen, phosphorus, potassium, and micronutrients. They can be used to provide plants with the specific nutrients they need to grow and thrive. However, dry water-soluble fertilizers should be used with care as their over-application or improper application can harm the environment, lead to nutrient imbalances, or result in plant injuries. It is recommended to consult with a professional or refer to the manufacturer's instructions before using dry water-soluble fertilizers.
Asia Pacific is one of the largest regions, which occupied over 45% share in the global water soluble fertilizer market in 2022. It is attributed to the large agricultural industry in countries such as China, India, and Indonesia. The region also has a high demand for horticultural crops such as fruits and vegetables, which require the use of water-soluble fertilizers for optimal growth.
Additionally, the increasing population and urbanization in the region have led to a rise in the demand for ornamental plants and turf, which also require the use of water-soluble fertilizers. In recent years, there has been a growing focus on sustainable agriculture in the region, which has led to an increase in the use of water-soluble fertilizers to reduce the environmental impacts of traditional fertilizers.