Press release
Leading Companies Consolidating Their Presence in the Liquid Fertilizers Market
Liquid Fertilizers Market
Projected Market Value of the Liquid Fertilizers Market by 2030
The liquid fertilizers market is anticipated to experience robust growth through 2030, reaching a market size of $16.03 billion. This expansion corresponds to a compound annual growth rate (CAGR) of 10.4%. The surge is mainly driven by increased adoption of smart farming technologies, a rising preference for efficient fertilizer solutions, and a broader shift towards sustainable agricultural methods. Additional factors include a growing emphasis on maximizing crop yields and the integration of digital tools that offer precise crop advisory services. Key trends expected to influence the market include heightened use of precision nutrient management, expanded fertigation practices, increased demand for micronutrient-rich liquid fertilizers, the spread of foliar nutrition, and a stronger focus on crop-specific formula development.
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Top Companies Leading the Liquid Fertilizers Market
Several prominent firms dominate the liquid fertilizers landscape, including 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., 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, and Tessenderlo Kerley Inc. Notably, in December 2023, Yara International ASA from Norway expanded its portfolio by acquiring Italy-based Agribios Italiana S.r.l, a company specializing in liquid fertilizer production, though the deal's financial terms were not disclosed.
Innovations Shaping the Liquid Fertilizers Market Landscape
Leading companies in this industry are heavily investing in product innovation, especially focusing on water-soluble micronutrients and N-P-K fertilizers, which improve nutrient availability and application efficiency for crops. Water-soluble micronutrients provide essential trace elements, while N-P-K fertilizers deliver vital macronutrients critical to crop development. For example, in June 2023, ICL Group Ltd., an Israel-based specialty chemicals and minerals company, introduced a new series of advanced foliar and fertigation products under their Nova brand. These offerings, including Nova FINISH, Nova PULSE, Nova ELEVATE, and Nova FLOW, are designed for maximum solubility and compatibility with a wide range of herbicides and crop protectants, supplying high-purity N-P-K nutrients and micronutrients tailored to specific crop nutritional needs.
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Core Segments Driving Growth in the Liquid Fertilizers Market
This market is categorized into several significant segments:
- By Type: Nitrogen, Micronutrients, Potassium, and Phosphate fertilizers
- By Production Process: Organic and Inorganic methods
- By Crop Type: Cereals and Grains, Oilseeds, Fruits, and Pulses
- By Application: Soil, Fertigation, and Foliar treatments
Within these broader categories, subsegments include various forms such as urea solutions, ammonium nitrate solutions, and calcium ammonium nitrate solutions for nitrogen; iron chelates, zinc, manganese, and copper solutions for micronutrients; potassium nitrate, potassium sulfate, and potassium chloride solutions for potassium; and monoammonium phosphate (MAP), diammonium phosphate (DAP), and phosphoric acid solutions under phosphate fertilizers. These detailed classifications help address specific agricultural needs and optimize fertilizer use in diverse farming practices.
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