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.
Browse 64 market data Figures and Tables
spread through 125 Pages and an in-depth TOC on "India Water Soluble
Fertilizers Market"
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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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