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Global Liquid Fertilizers Market By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others) By Major Compounds (Calcium Ammonium Nitrate (CAN), Urea-Ammonium Nitrate (UAN), Potassium Nitrate, Phosphorus Pentoxide (P205), Others) By Application (Soil, Foliar, Fertilizer, Others (boron, chloride, and iron) (starter solutions and aerial applications)) By Type (Nitrogen, Phosphorus, Potash, Micronutrients) - Growth, Future Prospects & Competitive Analysis, 2016 - 2028

Market Introduction of Liquid Fertilizers Market

Plants receive the nutrients they require from liquid fertilizers at specific times and in various environments. It is believed that plants will take up these nutrients through the pores in their leaves and roots. Because they are a great source of micronutrients and growth hormones, they are widely employed to grow crops like maize. They appear to act as catalysts, enhancing plants' ability to absorb nutrients. The rapid establishment of seedlings and the early growth of plants are both facilitated by liquid fertilizers. Additionally, it's possible that more food will be needed in the future to feed the world's expanding population; this emphasizes the significance of agriculture as the only means of producing food in large quantities for people.

liquid-fertilizers-market

What is the Market Size of Liquid Fertilizers in terms of value?

With a CAGR of 4.20%, the market for liquid fertilizers is anticipated to expand rapidly over the coming years. The value of the global market for liquid fertilizers was predicted to be around 2.2 billion USD in 2021 and 2.81 billion USD by 2028. The demand for liquid fertilizers is predicted to increase dramatically in the next years, with a forecasted revenue potential of USD 0.61 billion for the leading industry participants between 2022 and 2028.

Which is the key part segment in the Liquid Fertilizers Market?

The Calcium Ammonium Nitrate (CAN) segment registered a revenue share of over 51.0% of the total Liquid Fertilizers in 2021. The most used nitrogen fertilizer is calcium ammonium nitrate (CAN), which has a relatively high nutrient content and physical characteristics like high solubility that aid in quick soil absorption. In addition, it has calcium and magnesium, which improve the efficiency of nitrogen absorption by the roots, lower nitrogen losses, and protect subsurface fluids from nitrogen compound pollution. These factors increase fertilizer profitability. Since CAN doesn't make the soil any more acidic, it is utilized more often with acidic soils. It is primarily utilized for fruits, vegetables, wheat, and barley. During the projection period, a rise in the use of drip and sprinkler irrigation is anticipated to boost demand for CAN fertilizers.

Interesting Facts about Liquid Fertilizers Industry

  • The top countries in the Liquid Fertilizers market are the US, Canada, China, India, Australia, South Korea, and Germany.
  • The main driver of the rising demand for liquid fertilizers is the growing use of efficient fertilizers and Fertilizer techniques.
  • However, the main issues are soil contamination and pollution, as well as the negative effects on people and the ecosystem. 
  • The Asia Pacific region dominated the worldwide liquid fertilizer market in 2021.
  • The fertilizer will expand rapidly within the anticipated time frame.

Who are the Top players in the Liquid Fertilizers market in terms of value?

According to value, the leading companies in the worldwide liquid fertilizer market are Nutrien, Ltd, Yara International ASA, Rest of the Middle East and Africa Chemical Ltd, The Mosaic Company, CF Industries Holdings, Inc., OCP Group, Haifa Group, OCI Nitrogen, EuroChem Group, Compass Minerals, Kugler, COMPO Expert GmbH, Agro Liquid, Wilbur-Ellis, K+S Aktiengesellschaft, Plant Food Company, Inc. These large corporations are concentrating on new product developments and technological advancements in order to boost their Automated Microbiology output and win a sizable market share globally. In addition, several local and global businesses are also making big investments to broaden their product lines and increase sales. For instance, In 2021, Compass Minerals America do Sul SA, a producer of liquid fertilizer was purchased by ICL. Additionally, ICL purchased Compass Minerals' South American Plant Nutrition division.

Which are the Top 10 Countries in the Liquid Fertilizers Market?

The major countries in the global Liquid Fertilizers market are China, India, the U.S., South Korea, Canada, Australia, the U.K., Germany, France, and Japan. China is the major market for Liquid Fertilizers. The use of high-efficiency fertilizers, such as liquid potassium fertilizers, in agriculture has greatly increased as a result of the rising costs of conventional fertilizers and their negative environmental effects.

Which is the key Application used in the Liquid Fertilizers Market?

The Fertilizer category dominated the Liquid Fertilizers market in 2021. Fertilizer is a farming practice that entails the irrigation-based Application of fertilizer and water. This procedure offers the chance to increase yield while reducing environmental contamination. A farmer can also evenly administer nutrients across the entire field using fertilizer whenever necessary. Due to the widespread implementation of effective irrigation systems, this industry is expected to expand. Fertilizer has the benefit of requiring less labor, effort, water, and time. Due to its dependability and effectiveness, this application method is becoming increasingly popular. To use this strategy, you must have a thorough understanding of the system and effective management. Row crops, fruit and vegetable crops, horticultural crops, and ornamental and floral crops all need fertilization in their fields.

What are the Major Driving Factors for Liquid Fertilizers Market?

The main driver of the rising demand for liquid fertilizers is the growing use of efficient fertilizers and fertilizer techniques. Recent crop vitamins generally provide crops with the highest nutrient content levels during the growth phase in the most effective method possible, without damaging soil or water resources, which is projected to increase the need for liquid soluble fertilizers. Market participants have been forced to develop and broaden their product offers as a result of the steadily rising demand for liquid fertilizers. Major barriers to the growth of the liquid fertilizers market are the high installation cost and the rising cost of liquid fertilizer storage. In addition, the growing demand for food brought on by the world's expanding population is anticipated to boost fertilizer usage.

What are the Major Restraints for Liquid Fertilizers Market?

However, the main issues are soil contamination and pollution, as well as the negative effects on people and the ecosystem. The global market development is being hampered by a lack of knowledge and awareness about the Application of liquid fertilizers. Like other industries, the fertilizer sector experiences regulatory and other state-level interventions that both advance and halt its growth. Policies that are adverse to the sector, such as limitations on sourcing, production, and distribution standards, the termination of subsidy assistance, the setting of a maximum retail price, and rules governing the scope and direction of end use, have a significant impact on the sector as a whole.

Which Region Dominated the World Liquid Fertilizers Market?

In 2021, Asia Pacific dominated the global Liquid Fertilizers market. The demand for high-quality agricultural products and expanding agricultural practices are two variables that are anticipated to fuel this region's market growth for nitrogenous fertilizers. Asia produces a variety of important products, including rice, sugar beet, fruits, vegetables, cereals, and grains; 90% of the world's rice production is consumed in this region. Asian nations are using large rates of nitrogenous fertilizers per hectare for both annual and perennial crops, including Korea, Japan, China, and, most recently, Vietnam. Liquid fertilizers are, therefore, greatly needed in the region. The use of high-efficiency fertilizers, such as liquid potassium fertilizers, in agriculture has greatly increased as a result of the rising costs of conventional fertilizers and their negative environmental effects. The need for liquid fertilizers in the Asia-Pacific area is primarily driven by rising food demand, high crop yields, and improvements in automated irrigation systems. China now maintains the highest share in the region, while Australia is predicted to expand the fastest over the next few years.

Segmentation of Global Liquid Fertilizers Market-

Global Liquid Fertilizers Market – By Crop Type

  • Cereals & Grains
  • Oilseeds & Pulses
  • Fruits & Vegetables
  • Others (boron, chloride, and iron) (turf, ornamentals, and nursery plants)

Global Liquid Fertilizers Market – By Major Compounds

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

Global Liquid Fertilizers Market – By Application

  • Soil
  • Foliar
  • Fertilizer
  • Others (boron, chloride, and iron) (starter solutions and aerial applications)

Global Liquid Fertilizers Market – By Type

  • Nitrogen
  • Phosphorus
  • Potash
  • Micronutrients

Global Liquid Fertilizers Market – By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa and Africa

Frequently asked questions about the global Liquid Fertilizers market.

The market for liquid fertilizers has not been significantly impacted by the exceptional COVID-19 pandemic. The governments of every nation have taken action to guarantee that farmers will have access to fertilizers during the pandemic. Additionally, the delivery and transportation of liquid fertilizers around the world have been hampered by hold-ups and interruptions at national borders.

The Asia Pacific accounted for the highest share in the global Liquid Fertilizers market.

The main driver of the rising demand for liquid fertilizers is the growing use of efficient fertilizers and Fertilizer techniques.

Calcium Ammonium Nitrate (CAN) had a major share in 2021 with around 70% of the market revenue share.

Fertilizer segment had a major share in the global market in 2021.

Liquid Fertilizers Market Scope

Report Attribute Details
Market Value in 2021 2.2 billion USD
Market Value in 2028 2.81 billion USD
CAGR 4.20%,
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Trusted By
Godaddy
Published Date:  Aug 2022
Category:  Agriculture
Report ID:   59013
Report Format:   PDF
Pages:   170
Rating:    4.7 (49)
Delivery Time: 24 Hours to 48 Hours   
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