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Liquid Fertilizers Market Size, Share Analysis, Key Trends, Drivers And Forecast To 2032
Liquid Fertilizers Market Analysis
The Business Research Company's Liquid Fertilizers Global Market Report 2023 identifies rise in the agricultural sector as the major driver for the liquid fertilizers market's growth in the forecast period. The agriculture sectors comprise establishments that are primarily engaged in growing crops, raising animals, and harvesting fish and other animals from a farm, ranch, or their natural habitats. Liquid fertilizers are applied within a few days of planting a crop as plants quickly absorb the nutrients provided by these fertilizers. The additional nutrients ensure the plants grow quickly and are in good health thus increasing the overall yield.
The global liquid fertilizers market size grew from $7.4 billion in 2022 to $8.08 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global liquid fertilizers is expected to grow to $10.64 billion in 2027 at a CAGR of 7.1%.
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Major competitors in the liquid fertilizers market are Nutrien Ltd., Yara International, ICL Group Ltd., The Mosaic Company, EuroChem Group AG, AgroLiquid, Kugler Company.
A key trend in the liquid fertilizers market includes product innovations. Major players in the market are focusing on developing innovative products for market growth and a strong product portfolio. For instance, in May 2020, Wilbur-Ellis, a US-based agriculture technology, and products company launched two new potassium fertilizer technologies, TILL-IT KOMPOUND and FOLI-GRO KILO. These are highly soluble, carbon-based potassium fertilizers that drive bio-activation in soil or as a foliar-applied product. FOLI-GRO KILO is a carbon-based potassium source that is with high solubility and accessibility for any foliar, in-furrow, or soil-applied liquid fertilizer application. TILL-IT KOMPOUND has combined the KILO technology with sulfur, creating a solution for straight applications or combinations with urea ammonium nitrate or ammonium polyphosphate (APP).
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The liquid fertilizers market is segmented -
1) By Type: Nitrogen, Micronutrients, Potassium, Phosphate
2) By Production Process: Organic, Inorganic
3) By Crop Type: Cereals And Grains, Oilseeds, Fruits, Pulses
4) By Application: Soil, Fertigation, Foliar
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the liquid fertilizers market.
The Business Research Company's "Global Liquid Fertilizers Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Liquid Fertilizers Market Include:
1. Executive Summary
2. Liquid Fertilizers Market Characteristics
3. Liquid Fertilizers Market Trends And Strategies
4. Liquid Fertilizers Market - Macro Economic Scenario
5. Liquid Fertilizers Market Size And Growth
…….
26. Africa Liquid Fertilizers Market
27. Liquid Fertilizers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Liquid Fertilizers Market
29. Liquid Fertilizers Market Future Outlook and Potential Analysis
30. Appendix
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