Global Liquid Fertilizers Market Scope:

Liquid fertilizers are substances used in boosting crop production as crops are able to absorb them quicker than its counterparts. Plants can absorb the nutrients within these chemicals through leaf pores and roots. The global liquid fertilizers market report by Market Research Future (MRFR) contains a microscopic analysis of trends and drivers impacting the agriculture sector.

Liquid Fertilizers Market is projected to grow at a significant rate of 3.9% from 2020 to 2027 to reach a market value of USD 3.5 Billion by the end of 2027.

Market Outlook:

The global Liquid Fertilizers Market Share can swell from 2020 to 2027 (forecast period) due to low cultivable land and need to increase crop production amid soil erosion. The growing demand for food by consumers is likely to propel the need for liquid fertilizers. The ability of these chemicals to function in all types of temperate climes can bode well for the overall market. Supportive government regulations, growing economy, and increasing population are other factors bound to drive market growth over the forecast period.

Rising consumer awareness, demand for biofuels, and rising demand for high quality yields can drive the market of liquid fertilizers considerably. Need for green chemicals due to toxic nature of these fertilizers can bode well for the market. Manufacturers are expanding their service offerings to cater to the needs of farmers. The ability of these chemicals to provide an extra level of defensive cover to plants in order to increase its nutrient absorption rate can induce liquid fertilizers market demand considerably.

Segmentation Analysis:

The liquid fertilizers market is segmented by product type, crop, application, and form.

By product type, it is segmented into micronutrients, phosphorus, nitrogen, and potash.

By crop, it is segmented into fruits & vegetables, cereals & grains, oilseeds & pulses, and others. Fruits & vegetables accounted for the largest market share due to large demand for produce.

By application, it is segmented into soil, fertigation, foliar, and others. The foliar application is expected to gain traction throughout the forecast period due to benefits of increased plant growth, improved nutrient absorption rate, and soil neutralization. It can provide ample supply of nutrients during off-season. Fertigation, on the other hand, can gain prominence due to being used for neutralization of soil conditions of alkalinity, acidity, and salinity.

By form, it is segmented into organic and synthetic. The former is expected to exhibit a faster growth rate due to awareness of consumers and farmers of its benefits. In addition, preference of organically grown crops can be a viable factor driving its demand. Its ability to minimize soil erosion and reducing overall costs can augur well for the market. On the other hand, the synthetic segment can capture a sizeable market share till 2023. This can be attributed to the heavy utilization of pesticides by farmers to sustain agricultural production.

Regional Analysis:

Asia Pacific (APAC), Europe, North America, and Rest-of-the-World (RoW) are regions covered in the global liquid fertilizers market report.

The APAC region is expected to dominate in the liquid fertilizers market due to the large population, constant economic growth, and supportive sops by governments to keep steady minimum support prices to ensure the sale of cash crops. Economies of China and India which still rely on agricultural produce instead of processed foods can drive the regional market growth. Sustainable farming practices, ease of application of fertilizers, demand for highly efficient fertilizers, and inclination towards fertigation can drive the global Liquid Fertilizers Market Trends.

North America, on the other hand, is expected to trigger a large demand of liquid fertilizers due to vast acres of farmland and a large population dependent on farming for a steady source of income.

Competitive Outlook:

Agroliquid, Haifa Chemicals Ltd., Israel Chemical Ltd. (ICL), Compo Expert GmbH, Agrium Inc., Yara International ASA, and Kugler Company are some of the major players in the liquid fertilizers market.

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