(PRWEB UK) 19 March 2013
Water soluble fertilisers are fertilisers that can be dissolved in water and added or leached out of the soil easily. It is easy to control the precise amount of nutrients available to plants with the help of water soluble fertilisers. According to the report 'Global Water Soluble Fertilizers Market' the market is estimated to grow at a CAGR of 4.5% from 2012 to 2017, reaching 8,895.4 thousand metric tons by 2017.
The global market has grown significantly in the last few years and a similar trend is expected to follow for the next five to seven years. Factors such as increasing cost of commodity fertilisers, ease of application of water soluble fertilisers, innovative production practices, new product offerings and increased availability, and the advent of micro irrigation and mechanised irrigation systems are driving the water soluble fertilizers market, globally.
The global water soluble fertilisers market is driven by many factors such as increasing adoption of micro irrigation systems by farmers and subsidies provided by respective governments, increasing applications of greenhouses and high rate of efficiency. The main obstacle in the growth of global market is the seasonal demand and high cost in comparison to regular soil applied or commodity fertilisers.
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