Liquid Fertilizers Market Forecasts to 2028 – Global Analysis By Crop Type (Oilseeds & Pulses, Turf & Ornamentals, Forage), Type of Fertilizer (Single-Nutrient, Multi-Nutrient), Application (Foliar, Direct Soil) and By Geography
According to Stratistics MRC, the Global Liquid Fertilizers Market is accounted for $12,405.33 million in 2020 and is expected to reach $18,050.88 million by 2028 growing at a CAGR of 4.8% during the forecast period. The adoption of accuracy farming, endangered agriculture & rapid growth in greenhouse vegetable production and growth in demand for improved high-efficiency fertilizers are driving the market growth. However, lack of awareness about application practices among farmers is hampering the growth of the market.
Liquid fertilizers boost the efficiency of the soil by altering its water-retaining and airing capacity. Vital micronutrients such as copper, iron, manganese, zinc, and macronutrients such as nitrogen, phosphate, and potassium are delivered to the soil or to the crops directly in the form of liquid fertilizers for improving crop production. Liquid fertilizers are substances derived from natural or synthetic sources, which supply plant nutrients that are vital for the healthier growth of plants.
Based on the type, the nitrogen segment is going to have lucrative growth during the forecast period. Nitrogen is one of the most-extensively consumed nutrients among all the macro and microelements essential for plant growth. It is used to form amino acids, which harvest proteins, and take part in nearly each biochemical reaction executed in a plant. The most common problem that farmer faces, is the insufficient nitrogen (N) availability in the soil. Therefore, further liquid nitrogen fertilization is requisite to eliminate this problem. Urea, ammonium nitrate, ammonium sulfate, and calcium nitrate are generally accessible nutrient sources of liquid nitrogen. Furthermore, numerous amalgamations of nutrients are manufactured and used to offer nutrition to plants.
By geography, Asia Pacific is going to have high growth during the forecast period. The factors, such as the poor nutrition management, heavy reliance on nitrogenous liquid fertilizer, declining soil fertility, fragile marketing and distribution systems, lack of complementary inputs, rising concern over the current pattern of liquid fertilizer use, and lack of complementary inputs there is an amplified need to advance liquid fertilizer's effectiveness in the province. Additionally, these disquiets have given way to liquid bio-fertilizer and liquid micronutrient fertilizer being advanced in the region.
Some of the key players profiled in the Liquid Fertilizers Market include Agrium Inc, Yara International ASA, Agroliquid Compo Expert GmbH, FoxFar Soil And Fertilizer Company, Haifa Chemicals Ltd. Israel Chemical Ltd. (ICL), Kugler Company, Nutrien, Nutri-Tech Solutions, Plant Food Company, Inc, Rural Liquid Fertilizer, Sociedad Química Y Minera De Chile (SQM) and The Mosaic Company.
Estimated Market Size in 2020:
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 18,050.88 million
Tables, Graphs& Figures
Crop Type, Major Compound, Type of Fertilizer, Source, Application, and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
Crop Types Covered:
• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables
• Turf & Ornamentals
• Commercial Crops
• Nursery plant
• Others Crop Types
Major Compound’s Covered:
• Urea-Ammonium Nitrate (Uan)
• Diammonium Phosphate (Dap)
• Calcium Ammonium Nitrate (Can)
• Monoammonium Phosphate (Map)
• Potassium Nitrate
• Phosphorus Pentoxide (P205)
• Other Major Compounds
Type of Fertilizers Covered:
• Multi-Nutrient Fertilizer
• Surface Broadcast
• Band Application
• Injection Into Soil
• Direct Soil
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
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 2019, 2020, 2021, 2025 and 2028
- 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
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• Company Profiling
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• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Liquid Fertilizers Market is majorly driven by the adoption of accuracy farming, endangered agriculture & rapid growth in greenhouse vegetable production and growth in demand for improved high-efficiency fertilizers.
The nitrogen segment is growing at a highest CAGR as nitrogen is one of the most-extensively consumed nutrients among all the macro and microelements essential for plant growth.
North America dominated with a significant market share due to the factors such as rising demand of high fertilizers, limited arable land and implementation of precision farming and protected agriculture.
Asia Pacific market is growing at a highest CAGR owing to the poor nutrition management, heavy reliance on nitrogenous liquid fertilizer, and lack of complementary inputs there is an amplified need to advance liquid fertilizer's effectiveness in the province.
Key players in Liquid Fertilizers Market include Agrium Inc, Yara International ASA, Agroliquid Compo Expert GmbH, FoxFar Soil And Fertilizer Company, Haifa Chemicals Ltd. Israel Chemical Ltd. (ICL), Kugler Company, Nutrien, Nutri-Tech Solutions, Plant Food Company, Inc, Rural Liquid Fertilizer, SociedadQuímica Y Minera De Chile (SQM) and The Mosaic Company.
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