Reasons Why Liquid Fertilizer Market Is Getting More Popular In The Past Decade

Demand for liquid fertilizers is increasing as the development of precision farming methods, the need for high-efficiency organic fertilizers, and rise in the adoption of sustainable practices for the key players in the global liquid fertilizers market.

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The liquid fertilizers market is projected to reach $13,530 million by 2023 from $11,108 million in 2016, growing at a CAGR of 2.8% from 2017 to 2023. The nitrogen type segment accounted for more than half of the total market share in 2016.

Fertilizer Company Profiled in this Report

•Agrium Inc.
•Yara International ASA
•Israel Chemical Ltd. (ICL)
•K+S Aktiengesellschaft
•Kugler Company
•Haifa Chemicals Ltd.
•Agroliquid
•Plant Food Company Inc.
•Compo Expert GmbH
•Rural Liquid Fertilizers

At present, the global liquid fertilizers market is witnessing numerous opportunities, owing to the rapid increase in the development of the agriculture industry in Asia-Pacific and LAMEA. In addition, population and income determine food consumption, while changes in income lead to a shift in diets pattern. Moreover, with the rise in incomes, consumption patterns change from staple foods, such as cereals, to a higher-value product, such as meat, vegetables, and dairy. Furthermore, with the surge in food consumption, the need for crop yield increases, effectively leading to market growth.

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In addition, on-farm liquid fertilizer storage is expected to be a key trend for market growth. Increase in the use of liquid fertilizers products, such as UAN, has encouraged farmers to store liquid fertilizers in the farm itself as the volatilizing transportation costs leave farmers with lesser profits. The increase in farm operations further augments the need for liquid fertilizers and motivates farmers to reduce their dependence on the delivery of fertilizers and increase storage capacity.

Key Benefits of this Report:

•The report provides an extensive analysis of liquid fertilizer market size the current market trends and future estimations from 2015 to 2023 to determine the prevailing opportunities.
•It offers a comprehensive analysis of North America, Europe, Asia-Pacific, and LAMEA to understand the regional trends.
Comprehensive analysis of factors that drive & restrict the growth of the market is provided.
•Extensive analysis is conducted by following product benchmarking, positioning, and monitoring the top competitors within the global market.
The report provides extensive qualitative liquid fertilizer market trends on the significant segments or regions.
•The report provides key insights on strategic liquid fertilizer industry analysis of various companies and the value chain analysis of liquid fertilizer.

In 2016, Asia-Pacific accounted for more than half of the total liquid fertilizers market, and is expected to continue this trend, owing to surge in crop cultivation land and the growth in need to boost crop production, which rapidly motivates farmers to use liquid fertilizers, specifically in the U.S., China, India, Brazil, and the other developing countries.

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