Studies
• The Global "Water Soluble Compound Fertilizer Market" was valued at US$ 1.69 billion in 2023 and is projected to reach US$ 2.82 billion by 2030, at a CAGR of 7.3% during the forecast period.
• Water soluble compound fertilizers are fertilizers that dissolve completely in water, making nutrients readily available to plants. They typically contain a balanced mix of essential nutrients, such as nitrogen, phosphorus, and potassium, along with trace elements, to promote healthy plant growth.
• The use of these fertilizers reduces the overall cost by approximately 10-15%, mainly due to lower labor and water usage.
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