You are viewing: India Water-soluble Fertilizers Market analysis

The India Water-soluble Fertilizers Market was valued at $808.6 Million in 2026 and projected to reach to $1200.9 Million by 2031, representing a compound annual growth rate of 8.2%. India's water-soluble fertilizers market is poised for substantial growth driven by the country's modernizing agricultural infrastructure and increasing farmer awareness of precision farming techniques.

India Water-soluble Fertilizers Market (2026-2031) : Size and Share
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Market Size in USD 26.32 MN
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India Water-soluble Fertilizers Market Trends and Insights

  • India's agricultural sector is increasingly adopting water-soluble fertilizers due to their efficiency in nutrient delivery and compatibility with modern irrigation systems.
  • The 8.2% compound annual growth rate reflects India's rising demand for high-yield crop production and sustainable farming practices across diverse agro-climatic zones. India's market expansion is driven by government initiatives promoting precision agriculture and the growing adoption of drip and sprinkler irrigation technologies.
  • India's fertilizer industry is transitioning toward specialty products that enhance crop productivity while reducing environmental impact.
  • By 2031, India is expected to consolidate its position as a key consumer of water-soluble fertilizers in the Asia Pacific region, supported by increasing farmer awareness and improved distribution networks..

Key Market Statistics

  • CAGR (2026-2031) 8.2% CAGR
  • Market Size, 2026 ~USD 808.6 Million
  • Forecast, 2031 ~USD 1200.9 Million
  • Country India

India Water-soluble Fertilizers Market Overview

Market Valuation Growth :

India's water-soluble fertilizers market is valued at USD 808.6 million in 2026 and is projected to reach USD 1,200.9 million by 2031, representing significant expansion in the agricultural inputs sector.

Strong CAGR Performance :

The Indian market is growing at 8.2% CAGR, outpacing the global growth rate of 6.9%, indicating India's accelerating adoption of advanced fertilizer technologies compared to international markets.

Irrigation System Compatibility :

Water-soluble fertilizers are gaining traction in India due to their seamless integration with modern drip and sprinkler irrigation systems, enabling precision agriculture across diverse farming regions.

Nutrient Efficiency Advantage :

Indian farmers are increasingly recognizing the superior nutrient delivery efficiency of water-soluble fertilizers, leading to improved crop yields and reduced fertilizer wastage in agricultural operations.

India Water-soluble Fertilizers Market Dynamics

  • Government initiatives promoting sustainable agriculture and improved irrigation coverage are accelerating market penetration across both large-scale and smallholder farming communities.
  • The shift towards high-value crops and horticulture in India is further boosting demand for specialized water-soluble fertilizer products. By 2031, the market is expected to benefit from rising disposable incomes, enhanced distribution networks, and technological advancements in fertilizer formulations tailored to Indian soil and climate conditions.
  • Increasing investments in agricultural mechanization and digital farming solutions will create additional growth opportunities, positioning India as a key growth engine within the global water-soluble fertilizers market..

Related Ecosystem

Agrochemicals

Top Technologies
  • Phosphatic Fertilizers
  • Potassic Fertilizers
  • Fungicides
  • Anticoagulant Rodenticides
  • Ammonium Nitrate
Top Companies
  • AZELIS HOLDINGS SA
  • Basf se
  • Origin Enterprises plc
  • MITSUI AGRO BUSINESS SACO
  • SNF HOLDING COMPANY INC.

    Key Takeaways

    • India's water-soluble fertilizers market is valued at USD 808.6 million in 2026 and will reach USD 1,200.9 million by 2031, representing an 8.2% CAGR.
    • India's adoption of precision agriculture and micro-irrigation systems is accelerating demand for water-soluble fertilizer products.
    • India's government support for sustainable farming and nutrient management is creating favorable conditions for market expansion.
    • India is emerging as a significant regional player in the Asia Pacific water-soluble fertilizers market with strong growth momentum.

    Water-soluble Fertilizers Market Report Scope

    Report Metric Details
    Base Year 2026
    Fastest Growing Segment MICRONUTRIENTS (Type)
    Forecast Period 2026–2031
    Growth Rate CAGR of 6.9% from 2026 to 2031
    Largest Segment DRY (Form)
    Market Size Base Year (Billions) ~USD 22.21 (2026)
    Revenue Forecast (Billions) ~USD 31 (2031)
    Segments Covered Type, Crop Type, Mode Of Application, Form, Form 2021–2025, Application

    India Water-soluble Fertilizers Market Report Segmentation

    6 segment dimensions are covered across the global market.

    By Type

    • Ammonium Nitrate & Others
    • Boron (B)
    • Calcium Nitrate (Cn)
    • Copper (Cu)
    • Diammonium Phosphate (Dap)
    • Granular/Crystalline
    • Iron (Fe)
    • Manganese (Mn)
    • Micronutrients
    • Molybdenum (Mo)
    • Monoammonium Phosphate (Map)
    • Monopotassium Phosphate (Mkp)
    • Nitrogenous
    • Others/Multi-Micronutrient Blends
    • Phosphatic
    • Phosphoric Acid
    • Potassic
    • Potassium Nitrate (Nop)
    • Potassium Sulphate (Sop)
    • Powder
    • Specialty Dry Formulations
    • Urea
    • Urea Phosphate & Polyphosphates
    • Zinc (Zn)

    By Crop Type

    • Field Crops
    • Horticultural Crops
    • Other Crop Types
    • Turfs & Ornamentals

    By Mode Of Application

    • Fertigation
    • Foliar

    By Form

    • Dry
    • Liquid

    By Form 2021–2025

    • Dry
    • Liquid

    By Application

    • Fertigation Application
    • Foliar Application

    Target Audience

    • Fertilizer Manufacturers & Suppliers : Need India-specific market data to assess production capacity requirements, distribution strategies, and product formulation priorities aligned with Indian farmer preferences and regional agricultural needs.
    • Agricultural Input Distributors : Require detailed market insights to optimize inventory management, identify high-growth regions within India, and develop targeted sales strategies for water-soluble fertilizer products across diverse farming communities.
    • Investment & Private Equity Firms : Seek comprehensive India market analysis to evaluate investment opportunities in agricultural technology companies, fertilizer startups, and distribution networks operating in the water-soluble fertilizers segment.
    • Government & Agricultural Policy Makers : Need market intelligence to design effective agricultural subsidies, irrigation policies, and sustainability initiatives that align with India's water-soluble fertilizers adoption trajectory and farmer welfare goals.
    • Agricultural Consultants & Researchers : Require India-focused market data to provide evidence-based recommendations to farmers, conduct feasibility studies, and develop precision agriculture solutions tailored to Indian soil and climate conditions.

    Key Companies in the India Water-soluble Fertilizers Market

    CompanyHQOwnershipStrongest segments
    SOJITZ CORPORATIONJapanPublic CompanyAutomotive, industrial machinery, and parts,Energy, power, and infrastructure (including IPP/IWPP and LNG),Metals, mineral resources, and recycling,
    STEPAN COMPANYUnited StatesPublic CompanySurfactants,Polymers,Specialty Products,
    BUNGE LIMITEDUnited StatesPublic CompanySoybean Processing and Refining,Softseed Processing and Refining,Other Oilseeds Processing and Refining,
    COMPASS MINERALSUnited StatesPublic CompanyDeicing Salt (roadway, consumer, professional),Industrial and Other Salt (chemical, water treatment, nutrition),Plant Nutrition – SOP and Turf (Protassium+ and related),
    SYNTHOS S.APolandPrivate CompanySynthetic rubbers (SBR, BR, NBR under KER, KRALEX, SYNTECA),EPS/XPS and polystyrene (InSphere, Inpacto, Silver, Synthos XPS PRIME, SYNTHOS PS),Dispersions, latex, adhesives (Osakryl, Synexil, WOODMAX, PAPERMAX),
    FLUOR CORPORATIONUnited StatesPublic CompanyEnergy Solutions (oil, gas, chemicals, LNG, power, energy transition),Urban Solutions (advanced technologies, life sciences, mining, infrastructure, staffing, maintenance),Mission Solutions (government, nuclear remediation, security, logistics, O&M),
    TESSENDERLO GROUPBelgiumPublic CompanyAgro (specialty fertilizers and crop protection),Bio-Valorization (gelatins, collagen, proteins, fats),Industrial Solutions (water treatment, industrial chemicals, piping),
    BOREALIS AGAustriaPrivate CompanyPolyethylene solutions,Polypropylene solutions,Base chemicals (olefins, phenol, aromatics, others),
    RIVULIS IRRIGATIONIsraelPrivate CompanyDrip lines and drip tapes,Online drippers, sprinklers, and jets,Filters, valves, layflat, and system components,
    ORIGIN ENTERPRISES PLCIrelandPublic CompanyAgronomy advice and on-farm services,Seed, crop nutrition, fertilizers, and biologicals,Crop protection products,
    HEXION INCUnited StatesPrivate CompanyEngineered wood adhesives and melamine-based resins,Formaldehyde and derivative products,Specialty wax emulsions and performance materials,
    NUTRIENCanadaPublic CompanyRetail (crop inputs and services),Potash,Nitrogen,
    YARA INTERNATIONALNorwayPublic CompanyAmmonium- and urea-based fertilizers,Compound NPK fertilizers,Nitrate, calcium nitrate, and specialty fertilizers,
    THE MOSAIC COMPANYUnited StatesPublic CompanyPhosphates (DAP, MAP, MicroEssentials, triple/single superphosphate, dicalcium phosphate, phosphogypsum),Potash (agricultural and industrial, including de-icing and water softener uses),Mosaic Fertilizantes & Blended Nutrients (Brazil-centric NPK blends, K-Mag, purchased nitrogen and potash),
    ICLIsraelPublic CompanyPotash,Phosphate Solutions,Growing Solutions,
    PHOSAGRORussiaPublic CompanyPhosphate-based fertilizers (MAP, complex NPK, ammonium phosphates, water-soluble),Nitrogen fertilizers (urea, ammonium nitrate, ammonia solutions),Feed phosphates and feed-grade urea,
    INCITEC PIVOT LTD.AustraliaPublic CompanyBulk explosives & ammonium nitrate,Packaged explosives (Powermite, Dynosplit, others),Initiation systems & detonators (DigiShot family, CE4, BlastWeb II),
    K+S AKTIENGESELLSCHAFTGermanyPublic CompanyStandard potash fertilizers (potassium chloride for broadacre crops),Specialty and water-soluble fertilizers,Industrial and de-icing salts,
    GRUPA AZOTYPolandPublic CompanyAgro (fertilizers and crop solutions),Plastics (PA6, modified plastics, engineering plastics, tubes, casings),Chemistry (melamine, OXO alcohols, plasticizers, sulfur, titanium white, others),
    COROMANDEL INTERNATIONAL LIMITEDIndiaPublic CompanyCrop Nutrition (fertilizers, specialty nutrients, organic, nano),Crop Protection (insecticides, fungicides, herbicides, PGR, GPS),Bio Products & Value-Added Services (drone, testing, digital),
    ARIES AGRO LIMITEDIndiaPublic CompanyPlant micronutrients and crop-specific nutrition (including slow-release pastilles),Water-soluble NPK and high-density inputs,Organic, bio and urban farming/gardening nutrients,

    SOJITZ CORPORATION

    Sojitz Corporation is a Japanese public company founded in 1862 with 26,789 employees. It operates as a diversified trading and investment company with global operations across multiple industries.

    STEPAN COMPANY

    Stepan Company is a United States-based public company founded in 1932 with 2,328 employees. The company manufactures specialty chemicals for various industrial applications.

    BUNGE LIMITED

    Bunge Limited is a United States-based public company founded in 1818 with 34,000 employees. The company is a major global agribusiness and food ingredient producer.

    COMPASS MINERALS

    Compass Minerals is a United States-based public company founded in 1844 with 1,849 employees. It produces essential minerals including salt, potash, and magnesium chloride.

    SYNTHOS S.A

    Synthos S.A. is a Poland-based private company founded in 1945 with 2,975 employees. The company manufactures synthetic rubber and chemical products.

    FLUOR CORPORATION

    Fluor Corporation is a United States-based public company founded in 1912 with 22,995 employees. The company provides engineering, procurement, and construction services globally.

    TESSENDERLO GROUP

    Tessenderlo Group is a Belgium-based public company founded in 1919 with 6,945 employees. It operates in agriculture, chemistry, and environmental solutions sectors.

    BOREALIS AG

    Borealis AG is an Austria-based private company founded in 1994 with 5,887 employees. The company produces polyolefins, base chemicals, and fertilizers.

    RIVULIS IRRIGATION

    Rivulis Irrigation is an Israel-based private company founded in 1966. It specializes in irrigation solutions and water management technologies.

    ORIGIN ENTERPRISES PLC

    Origin Enterprises PLC is an Ireland-based public company founded in 2006 with 2,997 employees. The company provides agricultural inputs, services, and grain trading.

    HEXION INC

    Hexion Inc. is a United States-based private company founded in 1857 with 2,600 employees. The company produces specialty chemicals and epoxy resins.

    NUTRIEN

    Nutrien is a Canada-based public company founded in 2017 with 25,500 employees. It is a leading global provider of crop nutrients and agricultural solutions.

    YARA INTERNATIONAL

    Yara International is a Norway-based public company founded in 1905 with 15,543 employees. The company is a major producer of fertilizers and crop nutrition products.

    THE MOSAIC COMPANY

    The Mosaic Company is a United States-based public company founded in 1987 with 13,249 employees. It is a leading producer of phosphate and potash fertilizers.

    ICL

    ICL is an Israel-based public company founded in 1968 with 12,000 employees. The company produces specialty minerals, fertilizers, and chemical products.

    PHOSAGRO

    PhosAgro is a Russia-based public company founded in 2001 with 25,964 employees. It is a major producer of phosphate-based fertilizers and phosphoric acid.

    INCITEC PIVOT LTD.

    Incitec Pivot Ltd. is an Australia-based public company founded in 1831 with 5,500 employees. The company manufactures explosives, fertilizers, and chemical products.

    K+S AKTIENGESELLSCHAFT

    K+S Aktiengesellschaft is a Germany-based public company founded in 1889 with 11,261 employees. The company is a major producer of potash and salt products.

    GRUPA AZOTY

    Grupa Azoty is a Poland-based public company founded in 2001 with 12,747 employees. It is a leading producer of nitrogen fertilizers and chemical products.

    COROMANDEL INTERNATIONAL LIMITED

    Coromandel International Limited is an India-based public company founded in 1901 with 6,299 employees. The company manufactures fertilizers and agrochemicals.

    ARIES AGRO LIMITED

    Aries Agro Limited is an India-based public company founded in 1969 with 1,196 employees. The company manufactures agrochemicals and fertilizer products.

    Reasons to Buy this Report

    • Market Size & Growth Data : Access precise valuation figures for India's water-soluble fertilizers market with detailed CAGR analysis, enabling accurate financial forecasting and investment decision-making for the 2026-2031 period.
    • Competitive Landscape Intelligence : Understand India-specific market dynamics, regional adoption patterns, and competitive positioning to identify opportunities for market entry, expansion, or product development in the Indian agricultural sector.
    • Demand Driver Analysis : Gain insights into India's unique growth catalysts including irrigation modernization, government agricultural policies, and farmer adoption trends that differentiate the Indian market from global trends.
    • Strategic Planning & Forecasting : Utilize India-focused projections through 2031 to develop targeted marketing strategies, supply chain planning, and resource allocation decisions specific to the Indian agricultural market.
    • Risk Assessment & Opportunities : Identify India-specific market risks, regulatory considerations, and emerging opportunities in water-soluble fertilizers to optimize business strategies and maximize ROI in this high-growth market.

    Frequently asked questions

    What is the current market size of water-soluble fertilizers in India?

    India's water-soluble fertilizers market was valued at USD 808.6 million in 2026 and is expected to grow to USD 1,200.9 million by 2031.

    What is the projected growth rate for India's water-soluble fertilizers market?

    India's water-soluble fertilizers market is projected to grow at a compound annual growth rate (CAGR) of 8.2% from 2026 to 2031.

    What factors are driving growth in India's water-soluble fertilizers market?

    India's market growth is driven by increasing adoption of precision agriculture, expansion of micro-irrigation systems, government initiatives for sustainable farming, and rising farmer awareness of nutrient efficiency.

    How does India's water-soluble fertilizers market compare to global trends?

    India's 8.2% CAGR outpaces the global market growth rate of 6.9%, positioning India as a high-growth market within the Asia Pacific region.

    What is the forecast market size for India's water-soluble fertilizers by 2031?

    India's water-soluble fertilizers market is forecasted to reach USD 1,200.9 million by 2031, representing significant expansion from the 2026 baseline.

    RESEARCH METHODOLOGY

    The study involved four major activities in estimating the current size of the water-soluble fertilizers market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

    Secondary Research

    This research study involved the extensive use of secondary sources—directories and databases such as Bloomberg Businessweek and Factiva—to identify and collect information useful for a technical, market-oriented, and commercial study of the water-soluble fertilizers market.
    In the secondary research process, various sources such as annual reports, press releases & investor presentations of companies, white papers, certified publications, articles from recognized authors, gold & silver standard websites, directories, and databases were referred to identify and collect information. This research study involved the extensive use of secondary sources—directories and databases such as Bloomberg Businessweek and Factiva—to identify and collect information useful for a technical, market-oriented, and commercial study of the water-soluble fertilizers market.
    Secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, and market classification and segmentation as per the industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives.

    Primary Research

    Extensive primary research was conducted after obtaining information regarding the water-soluble fertilizers market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, South America, and RoW. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors from business development, marketing, research, and development teams, and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to water-soluble fertilizer core material, shell material, method, technology, and application. Stakeholders from the demand side, such as research institutions and universities, and third-party vendors, were interviewed to understand the buyer’s perspective on the service, and their current usage of encapsulation and the outlook of their business, which will affect the overall market.
    Breakdown of Primary Interviews

    Water-soluble Fertilizers Market Size, and Share

    Note: The three tiers of the companies are defined based on their total revenues in 2023 or 2024, as per the availability of financial data: Tier 1: Revenue >USD 1 billion; Tier 2: USD 100 million ≤ Revenue ≤ USD 1 billion; Tier 3: Revenue <USD 100 million.

    To know about the assumptions considered for the study, download the pdf brochure

    COMPANY NAME

    DESIGNATION

    Nutrien (Canada)

    R&D Expert

    Yara International (Norway)

    Sales Manager

    The Mosaic Company (United States)

    Manager

    ICL Group (Israel)

    Sales Manager

    PhosAgro (Russia)

    Marketing Manager

    Market Size Estimation

    Both the top-down and bottom-up approaches were used to estimate and validate the total size of the water-soluble fertilizers market. These approaches were also used extensively to determine the size of various subsegments in the market. The research methodology used to estimate the market size includes the following details:

    • The key players in the industry and the overall markets were identified through extensive secondary research.
    • All shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
    • All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain final quantitative and qualitative data.
    • The research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from leaders, such as CEOs, directors, and marketing executives.

    Water-soluble Fertilizers Market: Top-Down and Bottom-Up Approach

    Water-soluble Fertilizers Market Top Down and Bottom Up Approach

    Data Triangulation

    After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. Data triangulation procedures were employed, wherever applicable, to estimate the overall water-soluble fertilizers market and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.

    Market Definition

    Water-soluble fertilizers are substances that are dissolved in water and applied to crops at the base or foliage throughout the growing season. These are ideal for crops with low nitrogen requirements. They act fast and provide nutrients for the crops immediately. Water-soluble fertilizers can also be applied more frequently on crops than granular fertilizers.
    Water-soluble fertilizers comprise water-soluble salts and foliar fertilizers. Foliar fertilizers are substances that contain primary nutrients and/or micronutrients, which are applied to leaves and absorbed by them. Urea is widely used for foliar application owing to its high solubility in water and rapid absorption by plants through leaves. Foliar fertilizers are applied to cure obvious nutrient deficiencies as well as hidden nutrient deficiencies.

    Key Stakeholders

    • Raw material suppliers and manufacturers
    • Key manufacturers of water-soluble fertilizers
    • Water-soluble traders, suppliers, and distributors
    • Importers and exporters
    • Regulatory bodies:
    • Food and Drug Administration (FDA)
    • Food and Agriculture Organization (FAO)
    • The United States Department of Agriculture (USDA)
    • European Commission (EC)
    • Commercial research & development (R&D) institutions and financial institutions:
    • Associations:
    • International Fertilizer Industry Association (IFA)
    • Micronutrient Manufacturers Association (MMA)
    • Organisation for Economic Co-operation and Development (OECD)

    Report Objectives

    • Determining and projecting the size of the water-soluble fertilizers market with respect to type, crop type, mode of application, source, formulation, and region.
    • Identifying the attractive opportunities in the market by determining the largest and fastest-growing segments
    • Providing detailed information about the key factors influencing the market growth (drivers, restraints, opportunities, and industry-specific challenges)
    • Providing the regulatory framework and market entry process related to the water-soluble fertilizer market
    • Analyzing the micro markets with respect to individual growth trends, prospects, and their contribution to the total market

    Available customizations:

    With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.
    The following customization options are available for the report:

    Product Analysis

    • Products Matrix, which gives a detailed comparison of the service portfolio of each company.

    Geographic Analysis

    With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.

    • Further breakdown of the Rest of Europe water-soluble fertilizers market into key countries.
    • Further breakdown of the Rest of Asia Pacific water-soluble fertilizers market into key countries.
    • Further breakdown of the Rest of South America water-soluble fertilizers market into key countries.

    Company Information

    • Detailed analyses and profiling of additional market players (up to five)

     

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