Global Liquid Fertilizers Market is segmented By Type (Organic, Synthetic), By Nutrient (Nitrogenous Fertilizers (N), Phosphate Fertilizers (P), Potassic Fertilizers (K), Micronutrients), By Mode of Application (Surface Broadcast, Band Application, Foliar, Fertigation, Others), By Crop Type (Fruits & Vegetables, Cereals, Grains, Flowering Plants, Oil Seeds, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Liquid Fertilizers Market Overview
[150 Pages Report] The Global Liquid Fertilizers Market valued USD YY billion in 2023 and is estimated to reach USD YY billion by 2031, at a CAGR of YY% during the forecast period. A fertilizer is any natural or synthetically derived material that is used for supplying essential nutrients to plants to promote their growth.
Liquid Fertilizers Market Scope and Summary
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Metrics |
Details |
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Market CAGR |
High |
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Segments Covered |
By Type, By Nutrient, By Mode of Application, By Crop Type, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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Liquid fertilizers are extensively in use in crop nutrition activities for a wide variety of crops including cereals and grains, fruits, vegetables, and flowering plantations.
Liquid Fertilizers Market Dynamics and Trends
The need for crop nutrition has been rising in both food and commercial crops owing to various economic and environmental factors. There has been an increase in demand for food across all of the world. Due to this, high-efficiency fertilizers such as liquid fertilizers are growing and is a major driver for the liquid fertilizer market. A lot of the major consensus who own a farm demand a better quality of soil and better nutrition in the soil. Liquid fertilizers help the farmer to increase soil efficiency and improve the overall yield provided by the soil is also a major driver for the market. According to the statistics of The Food and Agriculture Organization (FAO), the global population is likely to reach 10 billion by 2050 and would result in a growth of over 50% in agricultural demand as compared with 2018. There has been an increase in the usage of biofuels. Since liquid fertilizers are also organic it has helped farmers achieve their goals that are helping to drive the market. Lack of awareness among farmers towards the application of fertilizers in the right proportions is the key restraint for the growth of the liquid fertilizers market. Moreover, the adverse effects associated with the use of synthetic liquid fertilizers on the environment and farmer health is hindering the growth of the market.
COVID-19 Impact on Liquid Fertilizers Market
The Covid-19 pandemic has seriously impacted the agrochemical industry. Since Covid-19, the supply chain has been completely disrupted. This resulted in an irregular supply of liquid fertilizers. The global trade came to a halt due to Covid-19 controlling the spread of the novel coronavirus. Also, the movement of people was restricted due to the covid-19, due to this the labor to help around a farm is less. Due to which even if people have a stock of liquid fertilizers, it is not being used. This is decreasing the demand among people for liquid fertilizer. By this, we can say that Covid-19 has had a negative impact on the Agrochemical Industry
Liquid Fertilizers Market Segmentation Analysis
Liquid Fertilizers have been segmented by type as Organic and synthetic. There has been a significant improvement in organic farming practices throughout the world. This has helped Organic liquid fertilizers to pave their way into the market. Liquid fertilizers are also segmented by nutrient type into nitrogenous, phosphorous, potash, and micronutrients. The demand for NPK fertilizers is increasing due to the increase in demand for food which is driving the market. Micronutrients are required so as to provide secondary nutrients such as sulphur, magnesium, and calcium which helps the plants to produce Calcium-rich Food. Liquid Fertilizers are segmented based on crop types into cereals & grains, fruits & vegetables, oilseeds, and pulses. According to the Research Institute of Organic Agriculture, the area of cropland managed organically reached 71.5 million hectares by the end of 2018 which is 2.9% higher than that of 2017.
Liquid Fertilizers Market Geographical Share
By geography, the global liquid fertilizers market is segmented into North America, South America, Europe, Asia Pacific, Middle East, and Africa. The large-scale use of fertilizers particularly in China made the Asia Pacific the largest market for liquid fertilizers. According to the Food and Agriculture Organization of the United Nations (FAOSTAT), Asia accounted for a share of 58% in global nitrogen consumption in 2018. The North American region has better technology than most of the regions. Due to this, the companies present in this region have invested a lot in R&D to produce innovative products.
Asia-Pacific region dominates the liquid fertilizer market. This is because of factors such as declining soil fertility, poor nutrition in the soil. Liquid Fertilizers can be used to improve soil efficiency. This has given liquid fertilizers an opportunity to pave their way into the rotation by improving their effectiveness so that the soil gets enough nutrients to provide to seed such that it grows optimally.
Liquid Fertilizers Companies and Competitive Landscape
The global liquid fertilizers market is fragmented with a large number of companies involved in the production of liquid fertilizers. Along with global agrochemical companies such as FMC Corporation and Yara International ASA, the market is integrated with the footholds of many Chinese and Indian players. The market is highly competitive with the likes of new product launches and production expansions.
- In July 2019, Russia-based chemical manufacturer Chemical Alliance LLC launched a new production plant of liquid complex fertilizers in Zaporizhia in Ukraine. With a production capacity of 5,000 tons per month, the establishment of this plant marks a key development of the company. Furthermore, the company is planning to launch two more plants in Ukraine to increase its production capacity to 30,000 tonnes per month
- OptimumTurf, the crop nutrition business of Yara International ASA launched a new line of liquid fertilizers for turf in May 2019
- AgroLiquid launched a new product in 2020 called SpringuP. It is a phosphorus-rich product that gives a boost to a crop in nutrients such as nitrogen, potassium, and phosphorus right from the start.
Other key players in the market are AgroLiquid, Kugler Company, Haifa Chemicals Ltd., Israel Chemicals Ltd., Zuari Agro Chemicals Limited, and Plant Fuel Nutrients LLC.
AgroLiquid:
Overview:
AgroLiquid is a company that manufactures plant nutritional products and provides service across the U.S. and the rest of the world. This company makes sure that its products are tested in real-life conditions rather than laboratory conditions.
Product PortFolio:
- NPK-based fertilizers
- Secondary Nutrients
- MicroNutrients
- MultiNutrients
- BioFertilizers
Key Developments:
- They also provide services such as soil and tissue sampling and help you with the financing.
- Agroliquid has developed a Flavonol Polymer Technology which increases the efficiency of the fertilizers
Why Purchase the Report?
- Visualize the composition of the global liquid fertilizers market across each indication, in terms of type, nutrient, and crop type highlighting the key commercial assets and major players.
- Identify commercial opportunities in the global liquid fertilizers market by analyzing trends and co-development deals.
- Excel data sheet with thousands of data points of the global liquid fertilizers market-level 4/5 segmentation.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in excel for the key products of all major market players
What do we offer?
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
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- Product mapping in excel for the key products of all major market players
- Market Share Analysis covering business revenues ($) and revenue share (%) of key market players
Target Audience:
- Agrochemical Manufacturers
- Farming and growing communities
- Industry Investors/Investment Bankers
- Education & Research Institutes
- Research Professionals
