Press release
Liquid Fertilizers Market Expansion Outlook: $14.58 Billion in 2029
Liquid Fertilizers
What Is the Projected CAGR for the Liquid Fertilizers Market from 2024 to 2025?
In recent years, the market size of liquid fertilizers has seen significant growth. It is projected to expand from $8.98 billion in 2024 to $9.76 billion in 2025, marking a compound annual growth rate (CAGR) of 8.7%. Various factors have contributed to this growth during the historic period, including the intensification of agriculture, the rise of precision farming, global population growth, diversification in crops, as well as increased environmental consciousness.
What are the Expected Market Size and CAGR for Liquid Fertilizers by 2029?
In the coming years, the market size of liquid fertilizers is predicted to experience swift expansion. It is projected to reach $14.58 billion by 2029, with a compound annual growth rate (CAGR) of 10.6%. Factors contributing to the growth during this period include government subsidies, adapting to climate change, the integration of biostimulants, reduction of greenhouse gases, and the activation of biological nutrients. The predicted trends for this period include the increasing demand for organic liquid fertilizers, microbial inoculants, personalized nutrient solutions, bio-based fertilizers, and intelligent farming technologies.
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Which Factors Are Driving the Global Liquid Fertilizers Market Expansion?
The anticipated surge in the agriculture industry is predicted to boost the liquid fertilizers market's growth. Entities involved in the agricultural sectors are chiefly engaged in the cultivation of crops, rearing of animals, and the extraction of fish and other species from their natural environments, farms, or ranches. To ensure quick absorption of nutrients by crops, liquid fertilizers are used within several days of planting. The surplus nutrients lead to rapid, healthy growth of plants, thereby enhancing the overall yield. For example, data from the Economic Survey of India revealed a growth of 3.6% in the agricultural sector for the year 2020-21, with an expectation to hit 3.9% in the year 2021-22. Consequently, the escalating growth in the agricultural industry is fueling the advancement of the liquid fertilizers market.
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Which Segment Currently Holds the Largest Share of 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
Which Major Trends Are Shaping the Future of the Liquid Fertilizers Industry?
The prominent trend making waves in the liquid fertilizers market is product innovation. The main operators in this sector are concentrating on the creation of novel products to bolster market growth and enhance their product array. For instance, in April 2023, Indian Farmers Fertilizer Cooperative Ltd., a cooperative society hailing from India, unveiled the world's inaugural liquid nano-DAP (di-ammonia phosphate) fertilizer. This Nano DAP Liquid serves as a superior source of nitrogen and phosphorus, helping address nitrogen and phosphorus deficiencies in plants.
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Which Key Players Dominate the Liquid Fertilizers Industry Globally?
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.
What Are the Fastest-Growing Regions in the Liquid Fertilizers Market?
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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