Press release
Liquid Fertilizers Market Forecast 2022-27: Global Industry Size, Share, Trends, Growth
Covid-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Industry Definition and Application:
Liquid fertilizers refer to chemical solutions possessing plant nutrients that are used to enhance the quality or quantity of plant growth. They are produced by combining chemicals, such as aqueous ammonia, ammonium nitrate, urea and potassium salts, with water and other soluble phosphates. They provide plants with nitrogen, growth hormones, and micronutrients that aid in uniform application, optimize nutrient uptake, and improve crop production. They are available in organic and synthetic forms in the market. In recent years, liquid fertilizers have gained traction due to their extensive adoption by farmers to evenly cover grass pastures, foliar and multiple crops.
Liquid Fertilizers Market Trends and Drivers:
One of the primary factors driving the market is the rapid growth in the agriculture sector. Additionally, with the growing population, the need for more food grains and cereals, thus propelling the market. Other than this, crop nutrition has been of utmost importance in both commercial and food crops, on account of the environmental and economic considerations, thus creating a positive market outlook.
Besides this, liquid fertilizers enhance soil and plant health and ensure mass food production, thus catalyzing the market growth. Furthermore, the farmers are becoming inclined toward organic liquid fertilizers, as they improve soil structure, help microbes thrive, avoid plant damage, and minimize the detrimental effects of pesticides.
Apart from this, the launch of economical polymer-coated urea (PCU) and urea inhibitors fertilizers for protection against ammonia and volatilization by allowing their movement into the soil during irrigation and rainfall is driving the market growth. Other growth-inducing factors include extensive research and development (R&D) activities and strategic collaborations amongst key players.
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Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Type:
• Nitrogen
• Phosphorous
• Potash
• Micronutrients
Breakup by Production Process:
• Organic
• Synthetic
Breakup by Crop:
• Grains and Cereals
• Fruits and Vegetables
• Oilseeds and Pulses
• Others
Breakup by Mode of Application:
• Soil
• Fertigation
• Foliar
• Others
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
List of Major Key Players:
The major players in the market are AgroLiquid, COMPO Expert GmbH (Grupa Azoty S.A.), Haifa Group, ICL Group Ltd., K+S Aktiengesellschaft, Kugler Company, Nutrien Ltd., Nutri-Tech Solutions Pty Ltd., Plant Food Company Inc., Tessenderlo Group and Yara International ASA.
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