Liquid Fertilizers Market Size
Overview and Scope
The liquid fertilizers are used to improve the quality or quantity of plant growth. Liquid fertilizers are extracts of soluble chemicals that are directly sprayed on crops or plants or can be injected into the soil by pressure. These are used in crop nutrition activities in a wide variety of crops.
Sizing and Forecast
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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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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.
The liquid fertilizers market report table of contents includes:
1. Executive Summary
2. Liquid Fertilizers Market Characteristics
3. Liquid Fertilizers Market Trends And Strategies
4. Liquid Fertilizers Market – Macro Economic Scenario
5. Global Liquid Fertilizers Market Size and Growth
……
31. Global Liquid Fertilizers Market Competitive Benchmarking
32. Global Liquid Fertilizers Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Liquid Fertilizers Market
34. Liquid Fertilizers Market Future Outlook and Potential Analysis
35. Appendix
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