Water scarcity poses a significant challenge to agricultural production, prompting the development of sustainable technologies to optimize water resource utilization. This study focuses on the synthesis and application of a multifunctional poly (vinylpyrrolidone); PVP-based superabsorbent hydrogel (SAH) for controlled release of essential fertilizers (nitrogen, phosphorus, and potassium) and enhanced water retention in soil. The hydrogel was prepared via a facile one-step approach and compared to a control soil without hydrogel amendment. The reaction was initiated in the presence of poly(vinylpyrrolidone) (PVP) to produce a PVP-based copolymer hydrogel. The hydrogel was then subjected to a basic treatment using either sodium hydroxide (hydrogel #1) or potassium hydroxide (hydrogel #2). The PVP-based SAH exhibited excellent swelling capacity, water retention, and fertilizer release properties. When applied to Pisum sativum plants under drought stress, the hydrogel significantly improved soil moisture levels, nutrient availability, and plant growth parameters compared to the control. The hydrogel #2-amended plants demonstrated enhanced biomass, chlorophyll content, and photosynthetic efficiency, highlighting the hydrogel's effectiveness in mitigating the adverse effects of drought stress. These findings demonstrate the potential of the PVP-based SAH as a promising strategy for sustainable agriculture, offering using readily available and inexpensive raw materials, suggesting a relatively low-cost and scalable production process. Furthermore, the hydrogel facilitates water conservation, controlled nutrient delivery, and improved plant performance under drought stress conditions.