The liquid fertilizers global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Liquid Fertilizers Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The liquid fertilizers market size has grown strongly in recent years. It will grow from $8.23 billion in 2023 to $9.04 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to agricultural intensification, precision agriculture, global population growth, crop diversification, environmental awareness.
The liquid fertilizers market size is expected to see rapid growth in the next few years. It will grow to $13.24 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to government subsidies, climate change adaptation, biostimulants integration, greenhouse gas reduction, biological nutrient activation. Major trends in the forecast period include demand for organic liquid fertilizers, microbial inoculants, customized nutrient solutions, bio-based fertilizers, smart farming technologies.
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Scope Of Liquid Fertilizers Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Liquid Fertilizers Market Overview
Market Drivers –
The rise in the agricultural sector is expected to propel the growth of the liquid fertilizers market going forward. The agriculture sectors comprise establishments that are primarily engaged in growing crops, raising animals, and harvesting fish and other animals from a farm, ranch, or their natural habitats. Liquid fertilizers are applied within a few days of planting a crop as plants quickly absorb the nutrients provided by these fertilizers. The additional nutrients ensure the plants grow quickly and are in good health thus increasing the overall yield. For instance, according to the Economic Survey of India, the agriculture sector registered a growth of 3.6 % in 2020-21 and is expected to reach 3.9% in 2021-22. Therefore, the rise in the agricultural sector is driving the growth of the liquid fertilizers market.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the liquid fertilizers market. Major players in the market are focusing on developing innovative products for market growth and a strong product portfolio. For instance, in April 2023, Indian Farmers Fertilizer Cooperative Ltd., an India-based cooperative society, launched the world’s first liquid nano-DAP (di-ammonia phosphate) fertilizer. Nano DAP Liquid is a high-quality nitrogen and phosphorus source that aids in the treatment of nitrogen and phosphorus shortages in plants.
The liquid fertilizers market covered in this report is segmented –
1) By Type: Nitrogen, Micronutrients, Potassium, Phosphate
2) By Production Process: Organic, Inorganic
3) By Crop Type: Cereals And Grains, Oilseeds, Fruits, Pulses
4) By Application: Soil, Fertigation, Foliar
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Regional Insights –
Asia-Pacific was the largest region in the liquid fertilizers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the liquid fertilizers market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the liquid fertilizers market include Nutrien Ltd., Dolls Exports Private Limited, AgroLiquid, CF Industries Holdings Inc., Compo Expert GmBH, EuroChem Group AG, FoxFarm Soil & Fertilizer Company, ICL Group Ltd., Kugler Company, Nutri Tech Solutions, OCP Group, Plant Fuel Nutrients LLC, The Mosaic Company, Yara International ASA, Agrium Inc., Brandt Group of Companies, Compass Minerals International Inc., Coromandel International Ltd., Deepak Fertilisers and Petrochemicals Corporation Ltd., Grasshopper Lawns Inc., Gujarat State Fertilizers & Chemicals Ltd., Haifa Group, Indian Farmers Fertiliser Cooperative Ltd., Israel Chemicals Ltd., JCAM Agri Co. Ltd., Koch Industries Inc., LiquidPower Specialty Products Inc., Miller Chemical & Fertilizer LLC, Alpine Plant Foods Corporation, Nutra-Flo Company, Plant Food Company Inc., RLF Ltd., Sociedad Química y Minera de Chile, Tessenderlo Kerley Inc.
Table of Contents
1. Executive Summary
2. Liquid Fertilizers Market Report Structure
3. Liquid Fertilizers Market Trends And Strategies
4. Liquid Fertilizers Market – Macro Economic Scenario
5. Liquid Fertilizers Market Size And Growth
…..
27. Liquid Fertilizers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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