Water Soluble Fertilizer Market Size & Share Analysis - Industry Research Report - Growth Trends

 Analysis of the Water Soluble Fertiliser Market

The market for water soluble fertilisers worldwide is anticipated to grow at a CAGR of 5.78%.

Phosphatic fertilisers are the most often used fertilisers after nitrogen, making them the largest sector by kind. Due to the fact that it may be applied by fertigation and foliar spray, the demand for its water-soluble form is rising.

The fastest-growing micronutrients by type: Foliar application is a tried-and-true technique for delivering micronutrients in accordance with plant needs. Crop plants respond quickly because the fertiliser is delivered directly to the vascular system of the plant, increasing the efficiency of nutrient use.

Largest Segment by Application Mode - Soil: Applying fertiliser to the soil is a convenient method for doing so without using any equipment. This application technique enhances soil fertility and plant health.

India has the largest segment by country. With a consumption volume of 70 million metric tonnes in 2021, India is the second-largest fertiliser user in the world, with urea accounting for 60% of the total consumption.

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