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Decreasing Arable Land to Aid Growth of India Water Soluble Fertilizers through 2028

Increasing urbanization, decrease in arable land along with rising government initiatives to drive India water soluble fertilizers market through 2028

According to TechSci Research report, India 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. Rising construction activities is 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 cost of crop cultivation and increases the average productivity of fruits and vegetables. Additionally, increase in demand for micronutrients to support plant growth is further likely to push demand for water soluble fertilizers in India.

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Among crop type, horticulture crops account for the largest share in India water soluble fertilizers owing to their property to offer better results in term 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 the dry climate and reduce dependency on rain for healthy crops. On the basis of application, India water soluble fertilizers market is segmented into fertigation and foliar. Fertigation application dominates India water soluble fertilizers market, as it is less harmful for environment. Moreover, fertigation technique avoids 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 subsidy to the cultivators for using water soluble fertilizers through fertigation technique, which is further driving demand for water soluble fertilizers in fertigation technique.

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West and South regions of India are the major demand generators of water soluble fertilizers. Presence of different types of soil, varied climatic condition and large production of horticulture crops are the key factors driving demand for water soluble fertilizers in these regions. Soil in these regions is difficult to cultivate due to presence of high clay level, thereby resulting in need for water soluble fertilizers. Moreover, increasing adoption of drip irrigation by farmers is boosting the use of water soluble fertilizers across India, as drip irrigation causes overall enhancement in the farmers’ income by about 48%. This factor is anticipated to fuel demand for water soluble fertilizers during 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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