Press release
Liquid Fertilizers Market Expected to Achieve 10.8% CAGR by 2029: Growth Forecast Insights
Liquid Fertilizers
How Large Will the Liquid Fertilizers Market Size By 2025?
The market size of liquid fertilizers has seen a robust expansion in the past few years. The market is predicted to increase from $8.98 billion in 2024 to roughly $9.83 billion in 2025, displaying a compound annual growth rate (CAGR) of 9.5%. The significant growth witnessed during the previous period owes much to the intensification of agriculture, the rise of precision farming, worldwide population increase, diversification of crops, and heightened environmental consciousness.
How Big Is the Liquid Fertilizers Market Size Expected to Grow by 2029?
The market size for liquid fertilizers is anticipated to experience a swift expansion in the coming years. It's projected to hit $14.84 billion in 2029 with a compound annual growth rate (CAGR) of 10.8%. This surge in the forecasted period can be linked to factors such as government grants, adaptation to climate change, incorporation of biostimulants, reducing greenhouse gases, and activation of biological nutrients. Important trends expected during the forecast include the increasing demand for organic liquid fertilizers, microbial inoculants, personalized nutrient solutions, bio-based fertilizers, and innovative farming technologies.
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Which Key Market Drivers Powering Liquid Fertilizers Market Expansion and Growth?
The agricultural sector's growth is set to boost the liquid fertilizers market moving forward. The sector incorporates entities primarily involved in crop cultivation, raising animals, and harvesting fish and other creatures from farms, ranches, or their native environments. Liquid fertilizers are typically applied shortly after planting a crop, as plants absorb the nutrients provided by these fertilizers rapidly. These added nutrients facilitate rapid and healthy growth of plants, subsequently enhancing the total yield. To illustrate, the Economic Survey of India reported a 3.6% growth in the agriculture industry in 2020-21, projected to increase to 3.9% in 2021-22. Consequently, the acceleration in the agricultural sector is a significant factor propelling the expansion of the liquid fertilizers market.
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Which Fast-Growing Trends Are Poised to Disrupt the Liquid Fertilizers Market?
The leading trend making waves in the liquid fertilizers market is product innovation. The significant market players are centred around creating inventive products to foster market growth and enhance their product range. For example, in April 2023, the Indian Farmers Fertilizer Cooperative Ltd., a cooperative society from India, introduced their groundbreaking liquid nano-DAP (di-ammonia phosphate) fertilizer to the world. This Nano DAP Liquid serves as a superior source of nitrogen and phosphorus, assisting in resolving deficiencies of these elements in plants.
What Are the Emerging Segments in the Liquid Fertilizers Market?
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
Subsegments:
1) By Nitrogen: Urea Solutions, Ammonium Nitrate Solutions, Calcium Ammonium Nitrate Solutions
2) By Micronutrients: Iron Chelates, Zinc Solutions, Manganese Solutions, Copper Solutions
3) By Potassium: Potassium Nitrate Solutions, Potassium Sulfate Solutions, Potassium Chloride Solutions
4) By Phosphate: Monoammonium Phosphate (MAP) Solutions, Diammonium Phosphate (DAP) Solutions, Phosphoric Acid Solutions
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Who Are the Global Leaders in the Liquid Fertilizers Market?
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.
Which are the Top Profitable Regional Markets for the Liquid Fertilizers Industry?
Asia-Pacific was the largest region in the liquid fertilizers market in 2024. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the liquid fertilizers market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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