Liquid Fertilizers Market
PUBLISHED: 2024 ID: SMRC27494
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Liquid Fertilizers Market

Liquid Fertilizers Market Forecasts to 2030 - Global Analysis By Product Type (Nitrogen Fertilizers, Phosphate Fertilizers, Potassium Fertilizers, Micronutrients and Other Product Types), Crop Type, Functionality, Compound, Application, End User and By Geography

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4.7 (34 reviews)
Published: 2024 ID: SMRC27494

This report covers the impact of COVID-19 on this global market
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Years Covered

2022-2030

Estimated Year Value (2024)

US $22.3 BN

Projected Year Value (2030)

US $35.1 BN

CAGR (2024 - 2030)

7.9%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Liquid Fertilizers Market is accounted for $22.3 billion in 2024 and is expected to reach $35.1 billion by 2030 growing at a CAGR of 7.9% during the forecast period. Liquid fertilizers are concentrated nutrient solutions designed for easy application to plants via irrigation systems or foliar spraying. They typically contain essential elements like nitrogen, phosphorus, and potassium, along with micronutrients necessary for plant growth. These fertilizers are prized for their rapid absorption and immediate availability to plants, promoting quicker nutrient uptake compared to solid forms. Their versatility makes them popular in both commercial agriculture and home gardening, offering precise control over nutrient delivery and efficiency in boosting crop yields and plant health.

According to the UN, the world population is likely to exceed nine billion by 2050. According to the Food and Agriculture Organization, 70% of the global population is expected to live in cities by 2050. Due to the global loss of arable land, farmers now need to utilize more fertilizers to increase crop yields.

Market Dynamics: 

Driver: 

Increasing agricultural demand

The increasing global agricultural demand is significantly driving the market. Factors such as population growth, changing dietary preferences, and the need for sustainable farming practices are prompting the adoption of liquid fertilizers, which offer rapid nutrient absorption and targeted application. Additionally, innovations in formulation and delivery methods are making these fertilizers more accessible, further fueling their popularity among both large-scale producers and smallholder farmers.

Restraint:

Lack of awareness

Lack of awareness about liquid fertilizers can severely impact agricultural productivity and sustainability. Farmers unaware of their benefits may miss opportunities for improved crop yields and efficient nutrient management. This ignorance often leads to over-reliance on traditional fertilizers, resulting in environmental harm and wasted resources. Ultimately, insufficient education on liquid fertilizers can hinder economic growth, limit food security, and perpetuate outdated practices within agricultural communities.

Opportunity:

Shift towards organic farming

The shift towards organic farming is influencing the market by increasing demand for natural and eco-friendly nutrient solutions. Farmers are increasingly seeking organic liquid fertilizers that enhance soil health and promote sustainable practices. This trend not only supports environmental conservation but also meets consumer preferences for organic produce. As awareness of the benefits of organic farming grows, liquid fertilizers derived from natural sources are becoming more popular, driving innovation and market growth.

Threat:

Environmental concerns

Environmental concerns regarding chemical runoff and soil degradation are negatively impacting the market. Increasing scrutiny from regulatory bodies and consumers has led to a decline in the acceptance of conventional liquid fertilizers, as their misuse can contaminate water sources and harm ecosystems. This heightened awareness may prompt farmers to seek alternative solutions, potentially disrupting established practices and leading to economic challenges for producers reliant on traditional liquid fertilizer sales.

Covid-19 Impact: 

The COVID-19 pandemic significantly disrupted the market, causing supply chain challenges and delays in production and distribution. Lockdowns and labor shortages hindered manufacturing capabilities, while logistical issues affected transportation and availability of products. Additionally, fluctuating demand from the agricultural sector, driven by uncertainties in crop planting and harvest schedules further impacted sales. However, the crisis also highlighted the importance of resilient supply chains and prompted innovation in fertilizer formulations and delivery methods.

The potassium nitrate segment is projected to be the largest during the forecast period

The potassium nitrate segment is projected to account for the largest market share during the projection period prized for its dual role as a source of both potassium and nitrogen. Its high solubility makes it ideal for foliar applications and fertigation, promoting rapid nutrient uptake by plants. This versatility supports enhanced growth, flowering, and fruiting in various crops. As agricultural practices shift toward more efficient nutrient management, potassium nitrate's popularity is expected to rise, meeting the demands of modern farming.

The horticultural segment is expected to have the highest CAGR during the forecast period

The horticultural segment is expected to have the highest CAGR during the extrapolated period. Liquid fertilizers provide essential macronutrients and micronutrients that support optimal growth, flowering, and fruit development in various horticultural crops. Their ease of application and quick absorption make them ideal for greenhouse and outdoor cultivation. As demand for high-quality produce rises, horticulturalists increasingly rely on liquid fertilizers to improve crop performance and sustainability.

Region with largest share:

North America region is projected to account for the largest market share during the forecast period. Farmers are increasingly adopting liquid formulations for their rapid nutrient availability and ease of application, particularly in large-scale crop production. Environmental concerns and regulatory pressures are also pushing the market towards more sustainable solutions. As a result, innovation in liquid fertilizer products is fostering greater efficiency and effectiveness in nutrient management across the region.

Region with highest CAGR:

Asia Pacific is expected to register the highest growth rate over the forecast period driven by increasing agricultural productivity demands. The adoption of modern farming techniques, such as precision farming and fertigation, is facilitating the use of liquid fertilizers. These methods allow for more precise nutrient delivery, leading to better absorption and crop performance. Additionally, investment initiatives by governments and private sectors in sustainable agricultural practices are promoting the development and use of liquid fertilizers.

Key players in the market

Some of the key players in Liquid Fertilizers market include BASF SE, Sierra Chemical Company, Haifa Group, Yara International ASA, K+S Aktiengesellschaft, Bonide Products, Inc., SABIC, ICL, AgroChem Solutions, Solvay S.A., EuroChem Group AG, Valagro SPA, AgroLiquid, The Scotts Miracle-Gro Company and IFFCO.

Key Developments:

In May 2024, AgroChem Solutions launches smart liquid fertilizer system, integrating soil sensors and GPS for precision application. Early trials show 20% reduction in fertilizer use with maintained yields.

In April 2024, Mahadhan Agritech Limited (MAL) announced a partnership with Haifa Group to enhance agricultural innovation in India. This collaboration aims to promote high-performing specialty fertilizers designed to improve crop quality and productivity across various agricultural sectors, particularly in regions utilizing drip irrigation systems.

Product Types Covered:
• Nitrogen Fertilizers
• Phosphate Fertilizers
• Potassium Fertilizers
• Micronutrients
• Other Product Types

Crop Types Covered:
• Cereals & Grains
• Fruits & Vegetables
• Pulses & Oilseeds
• Other Crop Types

Functionalities Covered:
• Plant Growth Promoters
• Soil Conditioners
• Nutrient Supplements 

Compounds Covered:
• Calcium Ammonium Nitrate (CAN)
• Urea-Ammonium Nitrate (UAN)
• Potassium Nitrate
• Phosphorus Pentoxide (P2O5) 

Applications Covered:
• Greenhouses
• Landscaping
• Sports Turf Management
• Soil Amendment
• Home Gardening
• Other Applications 

End Users Covered:
• Agricultural 
• Horticultural 
• Hydroponics 
• Fertigation
• Other End Users 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary    
      
2 Preface     

 2.1 Abstract    
 2.2 Stake Holders   
 2.3 Research Scope   
 2.4 Research Methodology  
  2.4.1 Data Mining  
  2.4.2 Data Analysis  
  2.4.3 Data Validation  
  2.4.4 Research Approach  
 2.5 Research Sources   
  2.5.1 Primary Research Sources 
  2.5.2 Secondary Research Sources 
  2.5.3 Assumptions  
      
3 Market Trend Analysis   
 3.1 Introduction   
 3.2 Drivers    
 3.3 Restraints   
 3.4 Opportunities   
 3.5 Threats    
 3.6 Product Analysis   
 3.7 Application Analysis  
 3.8 End User Analysis   
 3.9 Emerging Markets   
 3.10 Impact of Covid-19   
      
4 Porters Five Force Analysis   
 4.1 Bargaining power of suppliers  
 4.2 Bargaining power of buyers  
 4.3 Threat of substitutes  
 4.4 Threat of new entrants  
 4.5 Competitive rivalry   
      
5 Global Liquid Fertilizers Market, By Product Type 
 5.1 Introduction   
 5.2 Nitrogen Fertilizers   
 5.3 Phosphate Fertilizers  
 5.4 Potassium Fertilizers  
 5.5 Micronutrients   
 5.6 Other Product Types  
      
6 Global Liquid Fertilizers Market, By Crop Type 
 6.1 Introduction   
 6.2 Cereals & Grains   
 6.3 Fruits & Vegetables   
 6.4 Pulses & Oilseeds   
 6.5 Other Crop Types   
      
7 Global Liquid Fertilizers Market, By Functionality 
 7.1 Introduction   
 7.2 Plant Growth Promoters  
 7.3 Soil Conditioners   
 7.4 Nutrient Supplements  
      
8 Global Liquid Fertilizers Market, By Compound 
 8.1 Introduction   
 8.2 Calcium Ammonium Nitrate (CAN) 
 8.3 Urea-Ammonium Nitrate (UAN) 
 8.4 Potassium Nitrate   
 8.5 Phosphorus Pentoxide (P2O5)  
      
9 Global Liquid Fertilizers Market, By Application 
 9.1 Introduction   
 9.2 Greenhouses   
 9.3 Landscaping   
 9.4 Sports Turf Management  
 9.5 Soil Amendment   
 9.6 Home Gardening   
 9.7 Other Applications   
      
10 Global Liquid Fertilizers Market, By End User 
 10.1 Introduction   
 10.2 Agricultural    
 10.3 Horticultural    
 10.4 Hydroponics    
 10.5 Fertigation   
 10.6 Other End Users   
      
11 Global Liquid Fertilizers Market, By Geography 
 11.1 Introduction   
 11.2 North America   
  11.2.1 US   
  11.2.2 Canada   
  11.2.3 Mexico   
 11.3 Europe    
  11.3.1 Germany   
  11.3.2 UK   
  11.3.3 Italy   
  11.3.4 France   
  11.3.5 Spain   
  11.3.6 Rest of Europe  
 11.4 Asia Pacific   
  11.4.1 Japan   
  11.4.2 China   
  11.4.3 India   
  11.4.4 Australia   
  11.4.5 New Zealand  
  11.4.6 South Korea  
  11.4.7 Rest of Asia Pacific  
 11.5 South America   
  11.5.1 Argentina  
  11.5.2 Brazil   
  11.5.3 Chile   
  11.5.4 Rest of South America 
 11.6 Middle East & Africa  
  11.6.1 Saudi Arabia  
  11.6.2 UAE   
  11.6.3 Qatar   
  11.6.4 South Africa  
  11.6.5 Rest of Middle East & Africa 
      
12 Key Developments    
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
 12.2 Acquisitions & Mergers  
 12.3 New Product Launch  
 12.4 Expansions   
 12.5 Other Key Strategies  
      
13 Company Profiling    
 13.1 BASF SE    
 13.2 Sierra Chemical Company  
 13.3 Haifa Group   
 13.4 Yara International ASA  
 13.5 K+S Aktiengesellschaft  
 13.6 Bonide Products, Inc.  
 13.7 SABIC     
 13.8 ICL  
 13.9 AgroChem Solutions    
 13.10 Solvay S.A.   
 13.11 EuroChem Group AG  
 13.12 Valagro SPA   
 13.13 AgroLiquid   
 13.14 The Scotts Miracle-Gro Company 
 13.15 IFFCO    
      
List of Tables     
1 Global Liquid Fertilizers Market Outlook, By Region (2022-2030) ($MN)
2 Global Liquid Fertilizers Market Outlook, By Product Type (2022-2030) ($MN)
3 Global Liquid Fertilizers Market Outlook, By Nitrogen Fertilizers (2022-2030) ($MN)
4 Global Liquid Fertilizers Market Outlook, By Phosphate Fertilizers (2022-2030) ($MN)
5 Global Liquid Fertilizers Market Outlook, By Potassium Fertilizers (2022-2030) ($MN)
6 Global Liquid Fertilizers Market Outlook, By Micronutrients (2022-2030) ($MN)
7 Global Liquid Fertilizers Market Outlook, By Other Product Types (2022-2030) ($MN)
8 Global Liquid Fertilizers Market Outlook, By Crop Type (2022-2030) ($MN)
9 Global Liquid Fertilizers Market Outlook, By Cereals & Grains (2022-2030) ($MN)
10 Global Liquid Fertilizers Market Outlook, By Fruits & Vegetables (2022-2030) ($MN)
11 Global Liquid Fertilizers Market Outlook, By Pulses & Oilseeds (2022-2030) ($MN)
12 Global Liquid Fertilizers Market Outlook, By Other Crop Types (2022-2030) ($MN)
13 Global Liquid Fertilizers Market Outlook, By Functionality (2022-2030) ($MN)
14 Global Liquid Fertilizers Market Outlook, By Plant Growth Promoters (2022-2030) ($MN)
15 Global Liquid Fertilizers Market Outlook, By Soil Conditioners (2022-2030) ($MN)
16 Global Liquid Fertilizers Market Outlook, By Nutrient Supplements (2022-2030) ($MN)
17 Global Liquid Fertilizers Market Outlook, By Compound (2022-2030) ($MN)
18 Global Liquid Fertilizers Market Outlook, By Calcium Ammonium Nitrate (CAN) (2022-2030) ($MN)
19 Global Liquid Fertilizers Market Outlook, By Urea-Ammonium Nitrate (UAN) (2022-2030) ($MN)
20 Global Liquid Fertilizers Market Outlook, By Potassium Nitrate (2022-2030) ($MN)
21 Global Liquid Fertilizers Market Outlook, By Phosphorus Pentoxide (P2O5) (2022-2030) ($MN)
22 Global Liquid Fertilizers Market Outlook, By Application (2022-2030) ($MN)
23 Global Liquid Fertilizers Market Outlook, By Greenhouses (2022-2030) ($MN)
24 Global Liquid Fertilizers Market Outlook, By Landscaping (2022-2030) ($MN)
25 Global Liquid Fertilizers Market Outlook, By Sports Turf Management (2022-2030) ($MN)
26 Global Liquid Fertilizers Market Outlook, By Soil Amendment (2022-2030) ($MN)
27 Global Liquid Fertilizers Market Outlook, By Home Gardening (2022-2030) ($MN)
28 Global Liquid Fertilizers Market Outlook, By Other Applications (2022-2030) ($MN)
29 Global Liquid Fertilizers Market Outlook, By End User (2022-2030) ($MN)
30 Global Liquid Fertilizers Market Outlook, By Agricultural  (2022-2030) ($MN)
31 Global Liquid Fertilizers Market Outlook, By Horticultural  (2022-2030) ($MN)
32 Global Liquid Fertilizers Market Outlook, By Hydroponics  (2022-2030) ($MN)
33 Global Liquid Fertilizers Market Outlook, By Fertigation (2022-2030) ($MN)
34 Global Liquid Fertilizers Market Outlook, By Other End Users (2022-2030) ($MN)
      
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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