Water Soluble Fertilizers: India Market Scenario, Trends, Opportunity, Growth and Forecast, 2020-2030

Market Definition

Water soluble fertilizers can easily be introduced to the soil or leached out of it after being dissolved in water. It is simple to regulate the precise amount of nutrients made available to plants when using water-soluble fertilizers. The NPK value on the label for these water-soluble fertilizers is not the concentration itself, but rather the grade in which it is offered. The letters N, P, and K stand for nitrogen, phosphorus, and potassium, respectively. The most important nutrient is nitrogen. It regulates the methods utilized to produce proteins necessary for the synthesis of fresh protoplasm in cells. Nitrogen promotes the growth of leaves and is necessary for the synthesis of chlorophyll. Phosphorus provides a mechanism for the transport of energy inside the plant and is essential for photosynthesis. Potassium, often known as potash, is necessary for the production and transportation of sugars and starches as well as for cell division and growth. In addition, the fertilizers has trace levels of micronutrients for the crop’s overall development.

Market Insights

The demand for water-soluble fertilizers in India, which was 214.82 KTPA in 2022, is expected to increase at a CAGR of 6.89% from 2023 to 2030 because of an increase in the usage of customized fertilizers for particular crops in fertigation or foliar applications in the agricultural sector. Due to growing awareness of precision agriculture, which necessitates frequent and accurate fertilizer application, growers are increasingly accepting water-soluble fertilizers in their regular programme. Other significant variables influencing market demand include greenhouse production, growing environmental concerns, the high efficacy of water-soluble fertilizers, their simplicity of usage, and the scarcity of arable land.

To produce healthy crops, water soluble fertilizers are necessary, but they are very expensive in India. To meet the rising demand for these fertilizers from the horticultural industry, a sizable number of fertilizer manufacturers import inexpensive water-soluble fertilizers from Europe and other regions of the world. Additionally, the country’s large margins on imported goods are encouraging India to import water soluble fertilizers

Calcium Nitrate and NPK are the largest segment in Indian water-soluble fertilizers market accounted for about 40% share in volume terms. In terms of mode of application, fertigation is dominating the market with about 65% market share. Maharashtra, Karnataka and Andhra Pradesh are leading states in terms of water-soluble fertilizers production.

Market Dynamics: Drivers

Ease of Application

A multi-compound fertiliser that may dissolve in water and is readily assimilated by plants is called a water-soluble fertiliser. In comparison to standard chemical fertilisers, its uptake and utilisation are comparatively high. People frequently employ a different irrigation system in some severely water-scarce regions, large-scale farms, and high-quality, high-valued cash crops; during irrigation, the fertiliser is dissolved in the water, integrating water and fertiliser.

Increasing Demand for Water-Soluble Nutrients

A multi-compound fertiliser that may dissolve in water and is readily assimilated by plants is called a water-soluble fertiliser. In comparison to standard chemical fertilisers, its uptake and utilisation are comparatively high. People frequently employ a different irrigation system in some severely water-scarce regions, large-scale farms, and high-quality, high-valued cash crops; during irrigation, the fertiliser is dissolved in the water, integrating water and fertiliser.

Market Dynamics: Challenges

Increasing Natural Gas Prices

 The World Bank reports that the price of fertiliser has increased since 2022 as a result of growing input costs, supply problems, and Chinese import-export regulations. Concerns regarding the cost of fertiliser have escalated as a result of the situation in Ukraine. A significant feedstock for nitrogen-based water-soluble fertilisers, ammonia production was widely reduced as a result of the rising natural gas prices. The price of natural gas, which is a key raw ingredient in the production of water-soluble fertilisers, determines the producers’ profit margin. The rise in natural gas prices is anticipated to reduce margins even if fertiliser prices stay the same.

Market Segmentation

• Based on Type, the India Water Soluble Fertilizers market is segmented into
  • Urea Phosphate (17-44-0)
  • NPK (19-19-19)
  • Potassium Nitrate (13-0-45)
  • Mono Ammonium Phosphate-MAP (12-61-0)
  • Mono Potassium Phosphate-MKP (0-52-34)
  • Potassium Sulphate-SOP (0-0-50)
  • Calcium Nitrate (15.5-0-0-18.8)
  • Calcium Nitrate with Boron
  • NPK (24-24-0)
  • NPK (20-20-20)
  • NPK (20-20-0)
  • NPK (20-10-10)
  • NPK (13-40-13)
  • NPK (13-05-26)
  • NPK (12-32-06)
  • NPK (6-12-36)
  • NPK (18-18-18)
  • Others
• Based on Form, the India Water Soluble Fertilizers market is segmented into
  • Dry
  • Liquid
• Based on Mode of Application, the India Water Soluble Fertilizers market is segmented into
  • Foliar
  • Fertigation
• Based on Crop Type, the India Water Soluble Fertilizers market is segmented into
  • Cereals
  • Vegetables
  • Fruits
  • Plantation
  • Turf & Ornamentals
  • Greenhouse Crops
• Based on Region, the India Water Soluble Fertilizers market is segmented into
  • East India
  • West India
  • North India
  • South India

• All market revenue has been given in US Dollar, while the market volumes are given in tons.

Historical Year: 2020-2021
Base Year: 2022
Estimated: 2023
Forecast- 2024-2030

Key Questions this Study will Answer

• What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Market Size-By Volume, Forecast Numbers, Market Segmentation, Market Shares) of India Water Soluble Fertilizers Market?
• What is the region wise industry size, growth drivers and challenges key market trends?
• What are the key innovations, opportunities, current and future trends, and regulations in the India Water Soluble Fertilizers Concrete Market?
• Who are the key competitors, what are their key strength and weakness and how they perform in India Water Soluble Fertilizers Market based on competitive benchmarking matrix?
• What are the key results derived from the market surveys conducted during India Water Soluble Fertilizers Market study?