A recent report published by Infinium Global Research on liquid fertilizer market provides in-depth analysis of segments and sub-segments in the global as well as regional liquid fertilizer market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional liquid fertilizer market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global liquid fertilizer market.
Liquid fertilizer is a liquid solution that provides nutrition to plants as a form of food. These fertilizers provide food to the plant that they need to survive via different delivery methods. These Fertilizers are used to grow all types of crops, and the quantity of fertilizer totally depends on soil fertility. The fertility of the soil is measured with the help of soil tests based on the particular crop type. There are mainly two types of fertilizers solid (also known as granular) fertilizers and liquid fertilizers. The liquid fertilizer comprises aqueous solutions of ammonium nitrate or urea, and aqueous solutions of ammonia. This concentrated solution is mixed with water to form a liquid fertilizer.
The demand for liquid fertilizer is growing due to the proven benefits of liquid fertilizer such as the ability to boost the plant nutrient required for plant growth and high yield. Additionally, the factors such as adoption of precision farming and protected agriculture, increasing environmental concerns, have prompted the farmers to prefer liquid fertilizers. Liquid fertilizers can be mixed with water in the soil. Liquid fertilizers are easy to use and apply as compared to other forms of fertilizers. Thus, the significant benefits of liquid fertilizers, their high adoption and easy application are driving the growth of the market. In addition, rising need for agricultural output to fulfill global food requirements is propelling the growth of the market during the projected period. As a result the demand for liquid fertilizers is likely to go up in the forecast period. The population is increasing day by day, and the increase in population will put pressure on the agriculture, global food supplies, and energy resources, hence, increasing agriculture produce is the solution for feeding the growing population in the future. This in turn is expected to promote the growth in the fertilizers market in the near future. However, adverse effects on soil and lack of awareness among farmers are the key factors restraining the growth of the market. Rapid growth in the global economy, rise in on-farm liquid fertilizer storage, and rising awareness of liquid fertilizers among the farmers is likely to bring more opportunities to this market.
The Liquid fertilizer market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia-Pacific is expected to hold a significant share of the market owing to support from governments as well as support from national and international associations to increase agricultural production in the region. An economically rising country such as India, which is one of the largest producers of agricultural products in the world is one of the prime markets for liquid fertilizers. furthermore, rise in hydroponic and aeroponic farming in the Asia-Pacific region is expected to boost the consumption of the liquid fertilizers in the region over the next few years. The countries in this region are adopting liquid fertilizers to increase agriculture output which in turn supports the growth of the market in the region. Additionally, the extraordinary growth in the innovation of new products and the increasing need for better and cost-effective products are contributing to the growth of the liquid fertilizer market during the projected period. Moreover, North America and Europe are expected to have a moderate growth rate over the forecast period owing to the increasing cropping area, and development of new products.
|Market Size in 2022||17253.34 Million|
|Market Size by 2030||24829.75 Million|
|Growth Rate from 2023 to 2030||CAGR of 4.5%|
|No. of Pages||300|
|Market Segmentation||By Fertilizer Type, By Production Process, By Crop Type, and By Application|
|Regional Scope||North America, Europe, Asia Pacific, and RoW|
The report on global liquid fertilizer market covers segments such as fertilizer type, production process, crop type, and application. On the basis of fertilizer type, the sub-markets include nitrogen, potash, phosphorous, and micronutrients. On the basis of production process, the sub-markets include synthetic, and organic. On the basis of crop type, the sub-markets include cereals and grains, oilseeds and pulses, fruits and vegetables, and others. On the basis of application, the sub-markets include soil, foliar, fertigation, and others.
The report provides profiles of the companies in the market such as Kugler Company, Compo Expert Gmbh, Agrium Inc, K+S AKTIENGESELLSCHAFT, Yara International Asa, Israel Chemical Ltd., Haifa Chemicals Ltd, Plant Food Company, Rural Liquid Fertilizers, and Agroliquid.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into 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 the liquid fertilizer market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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