NEW YORK, USA, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “Liquid Fertilizers Market Size, Share, Growth Analysis Report 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) and By Region - Global Industry Insights, Comparative Analysis, Trends, Statistical Research, Market Intelligence, and Forecast 2022 – 2028” in its research database.
“According to the latest research study, the demand of global Liquid Fertilizers Market size & share was valued at approximately USD 2,419.40 million in 2021. The market is expected to grow above a CAGR of 4.20% and is anticipated to reach over USD 3096.805 million by 2028.”
The report analyses the Liquid Fertilizers market’s drivers and restraints, as well as the impact they have on-demand throughout the projection period. In addition, the report examines global opportunities in the global Liquid Fertilizers market.
Market Overview:
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.
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.
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Key Insights from Primary Research
- As per the analysis, the Liquid Fertilizers market is likely to grow above a CAGR of around 4.20% between 2022 and 2028.
- The Liquid Fertilizers market size was worth around US$ 2,419.40 million in 2021 and is estimated to hit approximately US$ 3096.805 million by 2028. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- By crop type, the fruits & vegetable category dominated the market in 2021.
- By compounds, the calcium ammonium nitrate (CAN) category dominated the market in 2021.
- On the basis of region, the Asia-Pacific dominated the global liquid fertilizers market in 2021.
Market Growth Drivers
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.
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Liquid Fertilizers Market: COVID-19 Impact Analysis
The COVID-19 pandemic's global catastrophe has had a negative impact on the majority of industries across numerous countries. Import-export restrictions that caused delays and cancellations at borders had a negative impact on the global fertilizer market. Due to restrictions on the movement of people and goods, the agri-food supply chain encountered many problems. Furthermore, the difficulties experienced by liquid fertilizer exporters are expected to persist for the foreseeable future given that several countries and governments are attempting to combat COVID-19 with diverse techniques. As a result, during the pandemic, liquid fertilizer's market value drastically decreased.
Competitive Players
The report contains qualitative and quantitative research on the global Liquid Fertilizers Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.
Some of the main players in the global Liquid Fertilizers market include;
- 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.
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Segmentation Analysis:
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.
Regional Dominance:
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.
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Recent Developments:
- 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.
Key questions answered in this report:
- What is the market size and growth rate forecast for Liquid Fertilizers industry?
- What are the main driving factors propelling the Liquid Fertilizers Market forward?
- What are the leading companies in the Liquid Fertilizers Industry?
- What segments does the Liquid Fertilizers Market cover?
- How can I receive a free copy of the Liquid Fertilizers Market sample report and company profiles?
Report Scope:
| Report Attribute | Details |
| Market Size in 2021 | USD 2419.40 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, 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 |
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The 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
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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