The global liquid fertilizer market was valued at $11,108 million in 2016, and is expected to grow at a CAGR of 2.8% from 2017 to 2023 to reach $13,530 million by 2023. Liquid fertilizers provide the required nutrients to plants at specific time and varied conditions. These fertilizers are expected to be absorbed by plants through leaf pores and roots. These fertilizers are rich in growth hormones and micro nutrients; hence, widely used to row crops, such as maize. They appear to act in the form of a catalyst, increasing a plant’s nutrient uptake. Liquid fertilizers help in the rapid establishment of seedlings and fast pace early growth. Fertilizers containing sodium, potassium, and phosphorous are able to dissolve quickly in water, which eventually saves the cost of application and allows its utilization. Micronutrient fertilizers are often applied to soil by foliar methods. Furthermore, nitrogen-based liquid fertilizers are expected to account for the major share of the liquid fertilizer market.
This report projects the trends and opportunities of the global liquid fertilizers market. It includes a qualitative & quantitative analysis with comprehensive research methodologies and reliable projections to understand the present overview and predict the market behavior during the forecast period.
The market is expected to witness major growth, owing to the rise in requirement for food and the development of agricultural industry. The need for micro-nutrients, increase in soil efficiency, growth in demand for biofuels, investments in R&D activities, and introduction of new policies by the government agencies and private players fuel the liquid fertilizers market growth. Biofuels are obtained from components other than petroleum products and are extracted from energy crops, such as wheat, soybean, corn, rapeseed, and sugarcane. Thus, the demand for biofuels is expected to increase the market growth.
The global liquid fertilizers market is segmented based on type, production process, mode of application, crop, and geography. On the basis of type, it is divided into potassium, micronutrients, phosphate, and nitrogen. On the basis of production process, it is bifurcated into organic and synthetic. On the basis of application, it is categorized into soil, fertigation, foliar, and others (aerial & starter solutions). Based on crop, it is classified into oil seeds & pulses, fruits & vegetables, grains & cereals, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key market players in this sector Agrium Incorporated, AgroLiquid, Haifa Chemicals Ltd., Israel Chemical Ltd. (ICL), Kugler Company, Rural Liquid Fertilizers (RLF), Yara International ASA, Agroliquid, Compo Expert GmbH, and K+S Aktiengesellschaft.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Production Process
By Mode of Application
By Crop Type
The other players in the value chain (profiles not included in the report) are
*The above list of companies is not profiled in the report, but can be added based on client interest.
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