IMARC Group has recently released a new research study “Liquid Fertilizers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What Are The Growth Prospects Of The Liquid Fertilizers Industry?
The globalreached US$ 13.87 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 17.06 Billion by 2027, exhibiting a growth rate (CAGR) of 3.40% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
What is Liquid Fertilizers?
Liquid fertilizers are advanced chemical solutions that offer crops the required amount of nutrients within a specific time under different environmental conditions. They are generated by combining aqueous ammonia, potassium salts, anhydrous ammonia, aqueous ammonium nitrate, or urea with water and other soluble phosphates. They are absorbed by plants through their roots, leaf, and pores, ensuring optimal nutrient uptake and providing a uniform application. In addition, they are easier to store and handle, are convenient, save time, and improve crop production. Owing to these properties, liquid fertilizers are gaining immense traction among farmers as they can be sprayed through pumps on multiple crops.
What Are The Key Factors Driving The Global Liquid Fertilizers Market?
The market is primarily driven by the rising food demand, the growing population, and expanding agricultural sector. In addition, the increasing need for liquid-based enhanced efficiency fertilizers (EEF) to ensure optimum plant and crop growth is contributing to market growth.
Moreover, the sudden outbreak of the coronavirus (COVID-19) disease pandemic and the consequent increasing consciousness among individuals regarding high-value crops rich in nutrition, such as fruits and vegetables, represents another major growth-inducing factor. Besides this, governments of various countries are taking initiatives and providing subsidies to promote the adoption of advanced micro-irrigation systems, which is providing a positive thrust to market growth.
Along with this, the growing popularity of organic liquid fertilizers among farmers to avoid plant damage and enhance soil structure and the integration of inexpensive polymer-coated urea (PCU) and urease inhibitors fertilizers are propelling the market growth. Furthermore, extensive research and development (R&D) activities and strategic collaborations among key players to develop innovative and novel fertilizers are also creating a favorable market outlook.
For the competitor segment, the report includes global key players of the liquid fertilizers market.
AgroLiquid, COMPO Expert GmbH (Grupa Azoty S.A.), Haifa Group, ICL Group Ltd., K+S Aktiengesellschaft, Kugler Company, Nutrien Ltd., Nutri-Tech Solutions Pty Ltd., Plant Food Company Inc., Tessenderlo Group and Yara International ASA.
|Liquid Fertilizers Market Report Scope|
|Market size value in 2021||US$ 13.87 Billion|
|Market forecast in 2027||US$ 17.06 Billion|
|Growth Rate||CAGR of 6.1% from 2022 to 2027|
|Base year for estimation||2021|
|Report coverage||Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, And Trends|
|Segments covered||Type, Production Process, Crop And Mode Of Application|
|Regional scope||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Key companies profiled||AgroLiquid, COMPO Expert GmbH (Grupa Azoty S.A.), Haifa Group, ICL Group Ltd., K+S Aktiengesellschaft, Kugler Company, Nutrien Ltd., Nutri-Tech Solutions Pty Ltd., Plant Food Company Inc., Tessenderlo Group and Yara International ASA.|
|Market Dynamics||Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,|
|Customization purview||If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.|
The report has segmented the market on the basis of Type, Production Process, Crop, application and insight.
Breakup by Type:
Breakup by Production Process:
Market Breakup by Crop:
- Grains and Cereals
- Fruits and Vegetables
- Oilseeds and Pulses
Breakup by Mode of Application:
- Asia Pacific
- North America
- Middle East and Africa
- Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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