Liquid Fertilizers Market – Global Industry Analysis And Forecast (2023-2029)

Liquid Fertilizers Market size was valued at US$ 6.87 Bn. in 2022 and the total Liquid Fertilizers revenue is expected to grow at 7.6% through 2023 to 2029, reaching nearly US$ 11.48 Bn.
Liquid Fertilizers Market Overview:
Liquid fertilizers are an efficient technique for supplying essential nutrients to plants at the optimal timing and concentration. Plants can absorb them through their leaf pores and roots. Liquid fertilizers are high in growth hormones and micronutrients and are commonly used on row crops like maize. They appear to operate as a catalyst enhancing nitrogen absorption in plants. Liquid fertilizers assist in seedling establishment and fast early development. Liquid fertilizers are made from natural components. They supply additional nutrients to the plants that allow them to develop healthier. The growing population along with the rising demand for precision farming to enhance total crop yield are key factors that are expected to drive the growth of the global liquid fertilizers market in the future.To know about the Research Methodology:-Request Free Sample Report

In this report, the Liquid Fertilizers market's growth reasons, as well as the market's many segments (Crop Type, type, compounds, Application, and Region), are discussed. Data has been given by market players, regions, and specific requirements. This market report includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis is presented in the form of statistics, infographics, and presentations. The study discusses the Liquid Fertilizers market's Drivers, Restraints, Opportunities, and Challenges. The report helps to assess the market growth drivers and determines how to use these drivers as a tool. The report also helps to rectify and resolve issues related to the global Liquid Fertilizers market situation.
Liquid Fertilizers Market Dynamics:
Importance of Liquid fertilizer in agriculture

Crop nutrition is becoming increasingly important in both food and commercial crops due to a variety of economic and environmental factors. Food demand has risen globally. As a result, high-efficiency fertilizers such as liquid fertilizers are becoming more popular, and this is a primary driver for the liquid fertilizer market. Many farmers, in general, desire better soil quality and nutrition in their fields. Liquid fertilizers assist farmers in increasing soil efficiency and improving the overall output produced by the soil, which is a key market driver.

The rising Population and Increasing demand for more food is a key drivers of the market growth

The rising human population is expected to increase the demand for more food; this highlights the importance of agriculture and farming because it is the only way to produce food in huge quantities for humans. The land is limited now, and the prospect of creating additional agricultural land regions is limited. On the other hand, available agricultural land has decreased due to soil degradation, urbanization, and pollution. The only way to generate a significant amount of food for everyone is to increase the yield per area of accessible land. This is only achievable with the intelligent application of fertilizers, as well as other innovative farming techniques.

The increased demand for high-value foods such as fresh fruits, nuts, vegetables, and coffee is accelerating. however, climate change is having a significant impact on crop development. Farmers can increase crop yield and profitability by using valuable irrigation systems and highly effective liquid fertilizers. Furthermore, increased food security awareness and the growing population of emerging nations like India, Brazil, and Indonesia, among others are driving demand for highly efficient liquid fertilizers throughout the forecast period.

Agriculture Investment

Significant growth in agricultural investment, the availability of low labor costs, flexible government regulations, and the increasing importance of agriculture as the only means of mass production for the world's rising population are likely to drive the global liquid fertilizer market.

Restraint and the opportunity for the Liquid Fertilizers Market

On the other hand, the negative environmental effect of liquid fertilizers is expected to impede growth to some extent. However, the careful use of fertilizers in combination with advanced agricultural practices in emerging nations to boost yield per area of land is expected to generate significant opportunities for the market. The global loss of agricultural land and the ongoing need for food makes it critical to significantly increase agricultural productivity. Ongoing R&D investments and the development of novel high-efficiency liquid fertilizers are likely to boost market share over the forecast period. The COVID-19 pandemic is expected to have a minor negative influence on the liquid fertilizer market.
Liquid Fertilizers Market Segment Analysis:
by crop type, the fruits and vegetable segment dominated the market in 2022. The market for liquid fertilizers is controlled by the fruits and vegetable segment. Fruit consumption has risen in the previous two decades and this trend is expected to continue in the next years. According to an FAO report, China is the world's leading producer of fresh fruits and vegetables surpassing US and Indian production and growth in 2022. Rising fruit and vegetable exports increased agricultural planting area resulting in increased output levels. The market for chemical fertilizers and pesticides used on fruits and vegetables is likely to increase significantly. As a result, the market is expected to grow over the forecast period.

the cereals and grains segment is expected to grow at the fastest rate over the forecast period. Liquid fertilizers for these crops are widely used in Asian and North American countries. Furthermore, with rising demand for crops such as corn, wheat, rice, and sorghum in various industries, crop protection chemical use is expected to rise to boost cereal output. The market is expected to grow at the quickest rate over the forecast period owing to strong crop output in countries for cereals and grains.

By Type, the Nitrogen segment is expected to grow at a CAGR of 5.6 % over the forecast period. Plant growth relies heavily on macro and microelements. Nitrogen is a nutrient that is highly used in all modern farming systems across the world. It is used to produce amino acids, which are then converted into proteins and it is involved in nearly every metabolic reaction in a plant. Farmers are constantly faced with the issue of insufficient nitrogen availability in the soil. As a result, additional liquid nitrogen fertilizer is required to address the problem. Furthermore, numerous nutrient mixtures are generated and used to feed plants.

By compounds, Calcium Ammonium Nitrate (CAN) segment accounted for a significant revenue share in the global liquid fertilizer market due to its comparatively high nutritional content as well as physical properties such as high solubility, which helps in the fertilizer's speedy absorption into the soil. It includes magnesium and calcium, which improve the effectiveness of the roots in absorbing nitrogen and minimize nitrogen losses making fertilizer more lucrative. It also protects subsurface waterways from contamination caused by nitrogen compounds. As a result, the abovementioned reasons will continue to drive CAN market growth in the coming years.

By Application, Fertigation has a significant revenue share in the global liquid fertilizers market due to its multiple advantages. It is essentially a productive agricultural technique that includes fertilizer and irrigation-based water application. The entire procedure provides a lucrative opportunity to increase land production capacity while minimizing environmental impact. Furthermore, greater government emphasis, as well as increased public awareness, drives the rise and demand for such techniques. The aforementioned factors will boost fertigation market growth during the forecast period.
Liquid Fertilizers Market Regional Insights:
In North America, the liquid fertilizer market is expected to exceed USD xx billion in sales by 2029, with a CAGR of roughly 4.6 percent from 2022 to 2029. The existence of a variety of fertilizer manufacturers in the area as well as the creation of new manufacturing facilities and distribution channels will drive market growth over the forecast period. Furthermore, increased knowledge regarding the use of organic liquid fertilizers and rising demand for high-value products would support market growth.

In Asia-Pacific, the Liquid Fertilizers market is expected to grow owing to the rising food consumption, high crop yields, and advancements in automated irrigation systems. China has the greatest market share in the area. Asia-Pacific is the largest and fastest-growing market for liquid fertilizers, owing to exceptional economic development, population growth, and government support.

The objective of the report is to present a comprehensive analysis of the Liquid Fertilizers market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Liquid Fertilizers market dynamics, and structure by analyzing the market segments and projecting the Liquid Fertilizers market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Liquid Fertilizers market make the report investor’s guide.
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Liquid Fertilizers Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 6.87 Bn.


Forecast Period 2023 to 2029 CAGR:
7.6%
Market Size in 2029:
US $ 11.48 Bn.


 Segments Covered:
by crop type
Cereals & Grains
Oilseeds & Pulses
Fruits & Vegetables
Others


by Type
Nitrogen
Phosphorous
Potash
Micronutrients


by compounds
Calcium Ammonium Nitrate (CAN)
Urea-Ammonium Nitrate (UAN)
Potassium Nitrate
Phosphorus Pentoxide (P205)
Others (boron, chloride, and iron)


by Application
Soil
Fertigation
Foliar
Others



Liquid Fertilizers Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Liquid Fertilizers Market Key Players are:
1. Nutrien, Ltd.
2. Yara International ASA
3. The Mosaic Company
4. EuroChem Group
5. Israel Chemicals Ltd.
6. K+S Aktiengesellschaft
7. Sociedad Química Y Minera De Chile (SQM)
8. CF Industries Holdings, Inc.
9. OCP Group
10.OCI Nitrogen
11.Wilbur-Ellis
12.Compass Minerals
13.Kugler
14.Haifa Group
15.COMPO Expert GmbH
16.AgroLiquid
17.Plant Food Company, Inc.
18.Foxfarm Soil and Fertilizer Company
19.Agro Bio Chemicals
20.Agzon Agro

FAQs:

1. Which is the potential market for the Liquid Fertilizers in terms of the region?
Ans. In the APAC region, the rising food consumption, high crop yields, and advancements in automated irrigation systems are expected to drive the market.

2. What are the opportunities for new market entrants?
Ans. The careful use of fertilizers in combination with advanced agricultural practices in emerging nations to boost yield per area of land is expected to generate significant opportunities for the market.

3. What is expected to drive the growth of the Liquid Fertilizers market in the forecast period?
Ans. The rising Population and Increasing demand for more food are key drivers of the market growth during the forecast period.

4. What is the projected market size & growth rate of the Liquid Fertilizers Market?
Ans. Liquid Fertilizers Market size was valued at US$ 6.87 Bn. in 2022 and the total Liquid Fertilizers revenue is expected to grow at 7.6 % through 2023 to 2029, reaching nearly US$ 11.48 Bn.

5. What segments are covered in the Liquid Fertilizers Market report?
Ans. The segments covered are Crop Type, type, compounds, Application, and Region.