A water soluble fertilizer is a compound that dissolves easily in water and provides nutrients for plants. This type of fertilizer may then be absorbed quickly and completely by the plant root system. It is typically used entirely by the plant and washes out of the soil without leaving behind an excess of unused nutrients or toxins. With water soluble fertilizers it is easy to control the precise amount of nutrients available to plants.
India water soluble fertilizers market stood at around $ 185 million in 2016 and is projected to grow at a CAGR of over 6% to surpass $ 356 million by 2027, on account of increasing popularity of complex water-soluble fertilizers and micronutrients in horticulture and ornamental crops. India is the second biggest consumer of fertilizer in the world next only to China. As a whole any entrepreneur can venture in this project without risk and earn profit.
Few Indian major players are as under
· Arawali Phosphate Ltd.
· Basant Agro Tech (India) Ltd.
· Bharat Chemicals & Fertilizers Ltd.
· Brahmaputra Valley Fertilizer Corpn. Ltd.
· Coimbatore Pioneer Fertilzers Ltd.
· Deogiri Fertilisers Ltd.