Fertilizers are used to grow all types of crops, fertilizers are used in solid and liquid form. The quantity of fertilizer used on the crops is dependent on the soil fertility. The fertility of the soil is measured with the help of soil test based on the particular crop type. Moreover, solid fertilizer is typically in powdered form while liquid fertilizers comprise aqueous solutions of ammonium nitrate or urea, anhydrous ammonia, and aqueous solutions of ammonia. These concentrated products are mixed with water to form a concentrated liquid fertilizer. Liquid fertilizer proves to be beneficial as it shows quick and broad range of effects on crops and acts as compound, thereby increasing the plant nutrient intake.
Figure 1: Global Liquid Fertilizer Market by Value
The global liquid fertilizer market was sized over USD 11.2 billion in 2015. The global liquid fertilizer market is projected to grow with a CAGR between 2.5% and 3.0% during 2017-2023. Adoption of precision farming and protected agriculture, increasing environmental concerns, the fertilizers are mixed with water thereby it is easy to use and apply, increasing demand for high-efficiency fertilizers, remains the key factor driving the growth of global Liquid fertilizer market. In addition, the demand for liquid fertilizers has increased due to rise in need for agricultural output to fulfill the global food requirements. Moreover, high treatment costs and lack of awareness among farmers are the key factors restraining the growth of this market. Disposable incomes and rapid growth in the global economy, rise in on-farm liquid fertilizer storage, and increase in the production and yield of crops are likely to bring more opportunities to this market.
The report segments the Liquid fertilizer market by production process, by type of fertilizer, by crop type and by mode of application. Synthetic and organic are two different processes included in production process segment. Market segmentation based on type of liquid fertilizers includes potash, nitrogen, phosphorous and micronutrients. Moreover, the global Liquid fertilizer market based on crop type is segmented into cereals and grains, oilseeds and pulses, fruits and vegetables, and others. On the basis of mode of application, the liquid fertilizers market is segmented into soil, foliar, fertigation and others
Geographic Coverage and Analysis:
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2015 – 2023.
Figure 2: Global Liquid Fertilizer Market by Region
Asia Pacific was the largest market among the geographies due the extraordinary growth, continuous increase in the population, and support from governments as well as national and international associations to increase the agricultural production, and increasing deficiency in soil. Furthermore, Asia Pacific is expected to continue its dominance and is anticipated to grow at the highest CAGR rate over the forecast period. Following the Asia Pacific region, North America and Europe are expected to have a moderate growth rate over the forecast period. Moreover, the demand for liquid fertilizers in Latin America (covered in RoW region) is increasing rapidly, in Africa due to increasing cropping area and is expected to have a major growth in the forecasted years.
The companies covered in the report include Kugler Company, Compo Expert Gmbh, Agrium Inc, K+S AKTIENGESELLSCHAFT, Yara International Asa, Israel Chemical Ltd. (icl), Haifa Chemicals Ltd, Plant Food Company, Rural Liquid Fertilizers, Agroliquid.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of liquid fertilizer globally as well as regionally. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of liquid fertilizer.
Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the liquid fertilizer Market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market strategies of the leading players. This report will help manufacturers, suppliers and distributors of the liquid fertilizer Market to understand the present and future trends in this market and formulate their strategies accordingly.
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