New Delhi: A new report by TMR or Transparency Market Research suggest that the market for water soluble fertilizers is sustainable and today includes the whole world. This particular market is showing rapid and sustainable growth patterns and the end offerings are likely to get more productive and versatile as well in future.
Transparency Market Research (TMR) has recently published the new report according to which the Global Business Market for the water-soluble fertilizers is growing at a fast rate. Transparency Market Research is a leading Global Business Market intelligence company that provides business-related information, services, and reports. According to the report, the water-soluble fertilizer market is growing at a CAGR 5.6 % and was valued at USD 2.44 billion in the year 2012. With this high growth rate, the market is expected to attain the value of USD 3.53 billion by the year 2019. The growth of the market is facilitated by improved and more modernized irrigation facilities that are crucial towards increasing the production output throughout the world. This is in line with the increased demand for agricultural products and greater yields. The new technologies related to irrigation as well as improved fertilizers are all aimed at improving agricultural output. KPL International is a leading water-soluble fertilizer supplier in India and is quite reputed.

Micro irrigation systems for better fertilizer absorption

According to the report by TMR, one of the most crucial factors that have contributed towards the increased consumption of water-soluble fertilizers is the increased usage and adoption of the micro irrigation systems. These systems include the drip-irrigation equipment and the micro sprinklers and sprays. The new systems can better control the dispersion of water-soluble fertilizers thereby reducing wastage. The system can provide for economically better use of water-soluble fertilizers, while also saving water and energy. Still, the problem of over-fertilization is here to stay for a longer period of time, and ocean water, as well as groundwater, will be contaminated because of the over usage and dispersal of fertilizers.

The key market segments for water soluble fertilizers

Foliar Technology and Fertigation are the two most important and key segments that utilize water-soluble fertilizers and form its largest market base. Fertigation (the act of fertilizer distribution through irrigation) alone contributed to around 70% consumption of water-soluble fertilizers in the year 2012 itself. 80% of all revenue that is generated by the fertilizers is from the water-soluble fertilizer nutrients potassium and nitrogen. Apart from these nutrients, there are other micronutrients as well that may be a part of a water-soluble fertilizer and these include manganese, magnesium, sulfur, iron, chlorine, and calcium.

The Asia Pacific region is a most promising market

The Asia Pacific region of the world has the highest consumption of water-soluble fertilizers and the market is also increasing at the CAGR of 5.1 %. Growing economies, including China and India, have a vast appetite for improved agricultural products and facilities. Apart from the Asia-Pacific region, these fertilizers also have consumption in other areas of the world. Around 15% of all consumption of the fertilizer is in other nations and countries including Argentina, South Africa, and Brazil. The North American and European Nations also have good demand for these fertilizers.

About KPL International:

KPL International was founded around 20 years ago, and is an ISO 9001 certified company that deals in the marketing, sourcing, and distribution of a range of chemicals and products. The OHSAS certified company also holds a number of other certifications and recognition and has its own chemical manufacturing facilities in India.