Vancouver, British Columbia, Jan. 26, 2021 (GLOBE NEWSWIRE) -- The global liquid fertilizer market is estimated to reach value of USD 3.07 Billion by 2027, at a rapid and steady CAGR of 3.8% according to a current analysis by Emergen Research. The constant rise in global population is the key factor driving the demand for food, which has resulted in increased fertilizer consumption. Concerns regarding releas of hazardous chemicals into the environment and their adverse effect on the health of humans and animals is one of the key factors driving the market growth. Governments are focusing on the use of eco-friendly fertilizers (EFFs) in agriculture. Various NGOs are also organizing farmer education programs in order to provide information about EFFs and their benefits in long term. Hence, awareness about using liquid fertilizers among farmers has increased significantly.
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The key element in liquid fertilizers is nitrogen, which accelerates growth of plants and helps in the photosynthesis process. These fertilizers basically come in water soluble form, which makes their absorption easy.
The contribution of liquid fertilizers to the agriculture sector is remarkable. These fertilizers offer maximum uniformity, which, in turn provides consistent coating,With the help of this coating, plants can receive proper nutrients in any environment.
Further Key Findings from the Report Suggest:
- In September 2019, Ruralco Holdings Limited (Ruralco) was acquired by Nutrien, Ltd. This acquisition has been beneficial to stakeholders of Nutrien as they were able to expand their business in Australia.
- In June 2019, EuroChem Group increased its fertilizer production by introducing a third blending plant in Brazil. The new facility is spread over an area of 27,000 square meters,. This was another move for the ongoing expansion of Fertilizantes Tocantins (FTO), a subsidiary of EuroChem, operating as a major fertilizer distribution business in Brazil.
- In December 2020, Brineflow LTD., a manufacturer of liquid nitrogen ferilizers, started the construction of a terminal at the port of Sunderland, U.K. in order to maintain its storage and import activities to meet the requirement of liquid fertilizers in the agriculture sector.
- Asia Pacific is estimated to hold 35.2% share of the global market, during the forecast period, due to continuous adoption of updated technologies to improve the crop yield of throughout the region.
- Key players operating in the liquid fertilizer market are Yara International ASA, AgroLiquid AD, Nutri-Tech Solutions Pty Ltd, ICL Fertilizers, Haifa Chemicals Ltd, Plant Food Company Inc., K+S Aktiengesellschaft, Compo Expert GmbH, Kugler Company, and Foxfarm Fertilizer
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For the purpose of this report, Emergen Research has segmented the global liquid fertilizer market based on nutrients type, manufacturing process, compounds, crop type, fertilizer application method, and region as follows:
- Nutrient Type Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2017–2027)
- Phosphorus
- Nitrogen
- Potassium
- Micronutrients
- Manufacturing Process Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2017–2027)
- Organic
- Synthetic
- Compound Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2017–2027)
- CAN
- UAN
- MAP
- DAP
- Potassium Nitrate
- Crop Type Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2017–2027)
- Cereals
- Oilseeds
- Fruits
- Pulses
- Fertilizer Application Method Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2017–2027)
- Direct Soil Application
- Fertigation
- Folias Spray Application
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- Regional Outlook (Revenue: USD Billion; Volume: Million Metric Tons; 2017–2027)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- Rest of MEA
- North America
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