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Liquid Fertilizers Global Market Report 2024 - By Share, Growth, Size, Industry Drivers, Forecast To 2033
Liquid Fertilizers Market
As per the report, the liquid fertilizers market size has grown strongly in recent years. It will grow from $8.23 billion in 2023 to $9.04 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The liquid fertilizers market size is expected to see rapid growth in the next few years. It will grow to $13.24 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%.
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Rises Agricultural Sector Fuels Liquid Fertilizers Market Growth
The rise in the agricultural sector is expected to propel the growth of the liquid fertilizers market going forward. 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. For instance, according to the Economic Survey of India, the agriculture sector registered a growth of 3.6 % in 2020-21 and is expected to reach 3.9% in 2021-22. Therefore, the rise in the agricultural sector is driving the growth of the liquid fertilizers market.
Innovative Products Enhance Liquid Fertilizers Market
Product innovations have emerged as the key trend gaining popularity in the liquid fertilizers market. Major players in the market are focusing on developing innovative products for market growth and a strong product portfolio. For instance, in April 2023, Indian Farmers Fertilizer Cooperative Ltd., an India-based cooperative society, launched the world's first liquid nano-DAP (di-ammonia phosphate) fertilizer. Nano DAP Liquid is a high-quality nitrogen and phosphorus source that aids in the treatment of nitrogen and phosphorus shortages in plants.
The liquid fertilizers market covered in this report 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
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Major companies operating in the liquid fertilizers market include Nutrien Ltd., Dolls Exports Private Limited, AgroLiquid, CF Industries Holdings Inc., Compo Expert GmBH, EuroChem Group AG, FoxFarm Soil & Fertilizer Company, ICL Group Ltd., Kugler Company, Nutri Tech Solutions, OCP Group, Plant Fuel Nutrients LLC, The Mosaic Company, Yara International ASA, Agrium Inc., Brandt Group of Companies, Compass Minerals International Inc., Coromandel International Ltd., Deepak Fertilisers and Petrochemicals Corporation Ltd., Grasshopper Lawns Inc., Gujarat State Fertilizers & Chemicals Ltd., Haifa Group, Indian Farmers Fertiliser Cooperative Ltd., Israel Chemicals Ltd., JCAM Agri Co. Ltd., Koch Industries Inc., LiquidPower Specialty Products Inc., Miller Chemical & Fertilizer LLC, Alpine Plant Foods Corporation, Nutra-Flo Company, Plant Food Company Inc., RLF Ltd., Sociedad Química y Minera de Chile, Tessenderlo Kerley Inc.
Contents of the report:
1. Executive Summary
2. Liquid Fertilizers Market Report Structure
3. Liquid Fertilizers Market Trends And Strategies
4. Liquid Fertilizers Market - Macro Economic Scenario
5. Liquid Fertilizers Market Size And Growth
…..
27. Liquid Fertilizers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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