Press release
Global Liquid Fertilisers Market Size To Grow At A CAGR Of 4.6% In The Forecast Period Of 2023-2028
Liquid Fertilisers Market
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter's Five Forces Models.
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The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 4.6%
The prospering agriculture industry and increasing farming activities across the emerging economies is driving the demand for liquid fertilisers. In addition, the global increase in demand for food and fibres have been playing a pivotal role in this sector. The rising demand for bio-energy sources from various end use sectors is leading to heightened investments aimed towards ramping up the production of fertilisers, thereby, bolstering the liquid fertilisers market.
The increasing demand for liquid fertilisers for gardening applications is further adding the market numbers. People nowadays are inclined towards maintaining plant profiles inside or outside their homes. In addition, foliar fertiliser is anticipated to witness a steady demand in the forecast period because the product stimulates leaf activity and augments the overall plant health. Moreover, the market is anticipated to be aided by the increasing efforts by farmers to efficiently use fertilisers to optimise the plant profiles.
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In terms of regions, the Asia Pacific accounts for a significant share in the liquid fertilisers market. The increasing demand for nano nitrogen liquid fertilisers in the emerging economies is a major driving factor of the market. The large population base across the emerging economies, such as India and China, is further propelling the sales of plant-based packaged products which is a major driving factor of the market.
Liquid Fertilisers Industry Definition and Major Segments
Liquid fertiliser is defined as a type of fluid which improves the growth of a plant. This fertiliser can be injected in a plant using pressure or can be simply sprinkled on it. Mixtures of urea and ammonium nitrate are a common liquid fertiliser. Anhydrous ammonia and superphosphoric acid are other common forms of liquid fertilisers, aiding the growth of the liquid fertilisers market.
Based on type, the market can be segmented into:
• Nitrogen
• Potassium
• Phosphate
• Micronutrients
On the basis of form, the market has been classified into:
• Organic
• Synthetic
The significant applications of the product include:
• Foliar
• Aerial
• Starter Solutions
• Fertigation
• Injection into Soil
By crop type, the market has been divided into:
• Grains and Cereals
• Fruits and Vegetables
• Pulses and Oilseeds
• Commercial Crops
• Others
On the basis of region, the market can be categorised into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Liquid Fertilisers Market Trends
The key trends in the global liquid fertilisers market include the rising consumption of plant-based food products owing to the growing popularity of veganism. In addition to this, the rising demand for clean-labelled green vegetables and fruits among the working population is further increasing the need to boost crop production. E-commerce expansion is another key trend in the market which is assisting the food industry by delivering premium food and beverage products, thereby, adding to the market growth.
Cereal crops are majorly dependent on liquid fertilisers to gain additional phosphorus and foliar. This requirement is efficiently fulfilled by liquid fertilisers and is another crucial trend in the liquid fertilisers market. Moreover, liquid fertilisers optimise the use of water resources, leading to the reduced wastage of water. In this regard, the stringent regulations of the government aimed towards preventing water wastage during farming activities are likely to lead to a shift towards liquid fertiliser.
Water shortages across cold countries like Russia limit the efficiency of traditional granular fertilisers which is further propelling the demand for liquid fertilisers such as Apaliqua NP 11-37. Furthermore, the growing research and development activities by the major fertiliser producers to ramp-up the production to cope with the increasing demand from the emerging economies are likely to be the heavy trends in the market.
Key Market Players
The major players in the liquid fertilisers market report are:
Yara International ASA
Israel Chemical Ltd. (ICL)
Sociedad Química Y Minera De Chile (SQM)
Kugler Company
Haifa Chemicals Ltd.
Compo Expert GmbH
Agroliquid
Agrium Inc.
Plant Food Company, Inc
Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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