Increasing urbanization, decrease in arable land along with rising government initiatives to drive India’s water soluble fertilizers market through 2028. According to TechSci Research report, “Indian Water Soluble Fertilizers Market By Fertilizer Type, By Application, By Crop Type, Competition, Forecast & Opportunities, FY2028’’, India water soluble fertilizers market stood at $ 12.7 billion in 2018 and is projected to reach about $ 20.6 billion by 2028, owing to rising construction activities due to rapid urbanization.
Important Factors of the Indian Water Soluble Fertilizers Market
Rising construction activities are resulting in decreasing arability of land for cultivation which is consequently expected to boost demand for various types of water-soluble fertilizers. Moreover, the Government of India is taking various initiatives to promote drip irrigation as it is more beneficial for the farmers, as drip and sprinkle irrigation reduces the cost of crop cultivation and increases the average productivity of fruits and vegetables. Additionally, an increase in demand for micronutrients to support plant growth is further likely to push demand for water-soluble fertilizers in India.
Browse 64 market data Figures and Tables spread through 125 Pages and an in-depth TOC on “India Water Soluble Fertilizers Market“.
Among crop types, horticulture crops account for the largest share in India’s water soluble fertilizers owing to their property to offer better results in terms of yield, quality, and colors of fruits and vegetables. Additionally, water-soluble fertilizers are highly preferred by horticulturists as they provide essential nutrients to fruit and vegetables in a dry climate and reduce dependency on rain for healthy crops. On the basis of application, Indian water soluble fertilizers market is segmented into fertigation and foliar. Fertigation application dominates Indian water soluble fertilizers market, as it is less harmful to the environment.
Moreover, the fertigation technique avoids the leaching of nutrients from the soil, which results in low consumption of fertilizers, thereby encouraging end users to use water-soluble fertilizers. Additionally, the Government of India is providing financial aid in the form of subsidies to the cultivators for using water-soluble fertilizers through fertigation techniques, which is further driving demand for water-soluble fertilizers in fertigation techniques.
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“West and South regions of India are the major demand generators of water-soluble fertilizers. The presence of different types of soil, varied climatic conditions,s and large production of horticulture crops are the key factors driving demand for water-soluble fertilizers in these regions. The soil in these regions is difficult to cultivate due to the presence of high clay levels, thereby resulting in the need for water-soluble fertilizers. Moreover, the increasing adoption of drip irrigation by farmers is boosting the use of water-soluble fertilizers across India, as drip irrigation causes an overall enhancement in the farmers’ income by about 48%. This factor is anticipated to fuel demand for water soluble fertilizers during the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“India Water Soluble Fertilizers Market By Fertilizer Type, By Application, By Crop Type, Competition, Forecast & Opportunities, FY2028” has evaluated the future growth potential of India water soluble fertilizers market and provides statistics and information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers to take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India water soluble fertilizers market.
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