02-Sep-2022 | Facts and Factors
According to Facts and Factors, the global liquid fertilizers market size was worth USD 2,419.40 million in 2021 and is estimated to grow to USD 3096.805 million by 2028, with a compound annual growth rate (CAGR) of approximately 4.20% over the forecast period. The report analyzes the liquid fertilizers market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the liquid fertilizers market.
Plants receive the necessary nutrients from liquid fertilizers at specified times and under different environmental circumstances. Plants are anticipated to absorb these nutrients through their leaves and roots' pores. They are frequently used to produce crops like maize because they are rich in micronutrients and growth hormones. They seem to work as a catalyst, boosting the uptake of nutrients by plants. Liquid fertilizers aid in the early development of plants and the quick establishment of seedlings.
Browse the full “Liquid Fertilizers Market Size, Share, Growth Analysis Report By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others (turf, ornamentals, and nursery plants)), By Compounds (Calcium Ammonium Nitrate (CAN), Urea-Ammonium Nitrate (UAN), Potassium Nitrate, Phosphorus Pentoxide (P205), Others (boron, chloride, and iron)), By Application (Soil, Foliar, Fertigation, Others (starter solutions and aerial applications)), By Type (Nitrogen, Phosphorus, Potash, Micronutrients), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/liquid-fertilizers-market
Additionally, more food may be needed in the upcoming years to feed the expanding human population; this emphasizes the significance of agriculture since it is the only way of mass-producing human food. Because there is a limited amount of land, it isn't easy to develop additional areas for agriculture. On the other hand, urbanization, soil erosion, and pollution have reduced the amount of land suitable for agriculture. The only way to increase yield per acre of land and provide enough food for everyone is to do so. Only the careful application of fertilizers and other cutting-edge farming methods makes this feasible.
To improve soil productivity and efficiency, which is a major market driver, farmers can use liquid fertilizers. The only way to produce enough food for everyone is to increase yield per unit of land. This can only happen if fertilizers are utilized wisely in conjunction with other innovative agriculture techniques. Liquid fertilizer sales have been expanding significantly, and long-term projections indicate that this trend will continue. The market for liquid fertilizers is driven by increased demand for high-efficiency fertilizers, ease of use, adoption of sustainable agriculture practices, and rising environmental safety.
The global liquid fertilizers market is segregated based on crop type, compounds, application, type, and region. Based on crop type, the market is segmented into Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and Others (turf, ornamentals, and nursery plants). The fruits & vegetable segments dominate the market in 2021. Based on compounds, the market is segmented into Calcium Ammonium Nitrate (CAN), Urea-Ammonium Nitrate (UAN), Potassium Nitrate, and Phosphorus Pentoxide (P205), and Others (boron, chloride, and iron). Calcium Ammonium Nitrate (CAN) dominates the market in 2021. Based on application, the market is segmented, Soil, Foliar, Fertigation, and Others (starter solutions and aerial applications). The Fertigation segment dominates the market in 2021. The market is segmented based on type: Nitrogen, Phosphorus, Potash, and Micronutrients. The nitrogen segment dominates the market in 2021.
The global liquid fertilizer market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The liquid fertilizer market was especially significant in the Asia-Pacific in 2021. The need for liquid fertilizers in the Asia-Pacific area is largely driven by three factors: an increase in global food demand, high crop yields, and improvements in automated irrigation systems. Australia is predicted to develop at the quickest rate in the next years, while China already holds the greatest share in the area. The use of high-efficiency fertilizers in agriculture, including liquid potassium fertilizers, has skyrocketed due to the rising costs of conventional fertilizers and their negative environmental impacts. Demand for liquid fertilizers is increasing in the Asia-Pacific region due to rising food consumption, high crop yields, and advancements in automated irrigation systems. Australia is predicted to expand the quickest in the upcoming years, while China currently holds the greatest market share in the area. Due to the region's extraordinary economic and population growth as well as government and international and national association support for increased agricultural production of fruits, oil, grains, and vegetables to meet the region's demand for food products, Asia-Pacific is the largest and fastest-growing market for liquid fertilizers.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 2,419.40 Million |
Projected Market Size in 2028 |
USD 3096.805 Million |
CAGR Growth Rate |
4.20% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Nutrien Ltd., Yara International ASA, Israel Chemical Ltd., K+S Aktiengesellschaft, Sociedad Química Y Minera De Chile, The Mosaic Company, EuroChem Group, C.F. Industries Holdings Inc., OCP Group, OCI Nitrogen, Wilbur-Ellis, Compass Minerals, Kugler, Haifa Group, COMPO Expert GmbH, AgroLiquid, Plant Food Company Inc., Foxfarm Soil and Fertilizer Company, Agro Bio Chemicals and Agzon Agro, Brandt, Nufarm, Plant Fuel Nutrients LLC, Nutri-tech solutions, Valagro SPA., and Others |
Key Segment |
By Crop Type, Compound, Application, Type, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Key players in the global liquid fertilizer market include Nutrien, Ltd., Yara International ASA, Israel Chemical Ltd., K+S Aktiengesellschaft, Sociedad Química Y Minera De Chile, The Mosaic Company, EuroChem Group, CF Industries Holdings, Inc., OCP Group, OCI Nitrogen, Wilbur-Ellis, Compass Minerals, Kugler, Haifa Group, COMPO Expert GmbH, AgroLiquid, Plant Food Company, Inc., Foxfarm Soil and Fertilizer Company, Agro Bio Chemicals, and Agzon Agro, Brandt, Nufarm, Plant Fuel Nutrients, LLC, Nutri-tech solutions and Valagro SPA.
Recent Development:
- January 2021: ICL purchases Fertilaqua. By utilizing Fertilaqua's sizable market presence and distribution capabilities, the company anticipates increasing sales of liquid fertilizers, controlled-release fertilizers, and other specialty plant nutrition products to the Brazilian market, which is one of the world's fastest-growing agriculture markets.
Global Liquid Fertilizers Market is segmented as follows:
By Crop Type
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others (turf, ornamentals, and nursery plants)
By Compound
- Calcium Ammonium Nitrate (CAN)
- Urea-Ammonium Nitrate (UAN)
- Potassium Nitrate
- Phosphorus Pentoxide (P205)
- Others (boron, chloride, and iron)
By Application
- Soil
- Foliar
- Fertigation
- Others (starter solutions and aerial applications)
By Type
- Nitrogen
- Phosphorus
- Potash
- Micronutrients
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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