BURNABY, Canada, November 25, 2014 /PRNewswire/ --
Increasing Demand for Horticultural and Ornamental Crops Coupled With Growing Adoption of Modern Irrigation Systems to Drive Water Soluble Fertilizers Market in India
India has largely been an agriculture based economy, though the share of agriculture sector in the country's GDP has shrunk significantly over the past decade. Agriculture contributes around 13% towards the country's GDP and a large chunk of the total population is still dependent on agriculture directly or indirectly to earn their living. Farmers in the country are constantly on the lookout for alternative methods that can help them reduce the amount of water as well as fertilizers used on the field while increasing crop yield at the same time. Water soluble fertilizers (WSFs) have surfaced asa product that can enable cultivators to enhance overall yield of plants and decrease usage of fertilizers to a large extent.
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Water soluble fertilizers are high value, low volume fertilizers that are completely soluble in water and contain all necessary nutrients required by plants for healthy growth. WSFs can be applied using either foliar spray or fertigation techniques, with the latter being the most commonly adopted method. Water soluble fertilizers have many benefits over chemical fertilizers, such as improved yield, low cost, controlled release of nutrients and preventing excess fertilizer dosing in soil.
According to recently published TechSci Research report "India Water Soluble Fertilizers Market Forecast & Opportunities, 2019", the market for water soluble fertilizers in India reached 110,000MT in 2013, with considerable growth expected in the next five years. There are several factors responsible for growth in demand for water soluble fertilizers in India, including growing demand for ornamental, field and horticulture crops along with increasing deployment of advanced irrigation systems by farmers. The report also discusses production levels and revenue of various fertilizer producers in the country, along with their share in the India water soluble fertilizers market.
"The Western region is one of the leading producers of horticultural products, which require water soluble fertilizers for proper growth, resulting in high demand emanating from this region. Deepak Fertilizers, Coromandel International, Zuari Agro Chemicals and Nagarjuna Fertilizers are some of the major players operating in the India water soluble fertilizers market. Several other players including IFFCO, Gujarat State Fertilizers and Chemicals, and Aries Agro are also keenly eyeing growth opportunities in the market." said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"India Water Soluble Fertilizers Market Forecast & Opportunities, 2019" has evaluated the future growth potential of the water soluble fertilizers market in India and provided detailed statistics and information on market structure, industry behaviour and trends. The report includes Water Soluble Fertilizers Market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with essential drivers, challenges and opportunities available in Water Soluble Fertilizers Market in India.
About TechSci Research
TechSci Research is a global market research and consulting company with offices in Canada, UK and India. TechSci Research provides market research consulting services in six verticals - Information Technology, Chemicals, Water & Water Recycling, Consumer Goods & Retail, Automotive and Energy & Power. The company uses proprietary innovative business model that focuses on improved productivity that also ensure the creation of high-quality reports. With more than 100 client engagements with fortune 500 clients, TechSci Research enjoys the status of a premium market research services provider in the industry.
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