Liquid Fertilizers Market by Type (Nitrogen, Phosphorous, Potash, and Micronutrients), Production Process (Organic and Synthetic), Application (Soil, Fertigation, Foliar, and Others), and Crop (Grains & Cereals, Fruits & Vegetables, Oilseeds & Pulses, and Others): Global Opportunity Analysis and Industry Forecast, 2022–2031

The global liquid fertilizers market size was valued at $12,569.5 million in 2020, and is projected to reach $19,207.4 million by 2031, registering a CAGR of 3.5% from 2022 to 2031. Liquid fertilizers provide the required nutrients to plants at a specific time and in varied conditions. These fertilizers are expected to be absorbed by plants through leaf pores and roots. They are rich in growth hormones and micronutrients, hence, are widely used to grow crops, such as maize. They appear to act in the form of a catalyst, increasing a plant’s nutrient intake. Liquid fertilizers help in the rapid establishment of seedlings and an early growth in plants. Moreover, in the coming years, more food may be required to feed the growing human population; this highlights the importance of agriculture as it is the only means of mass food production for humans. Land is limited and the scope of bringing new lands under agriculture is less. On the contrary, available land for agriculture has decreased due to urbanization, soil erosion, and pollution. The only possible means to produce enough food for everyone is by increasing the yield per area of land. This is possible only by the judicious use of fertilizers coupled with other progressive farming techniques.

With an unprecedented COVID-19 pandemic, the liquid fertilizers market has been minimally affected during the pandemic. The governments of all the countries have taken steps to ensure fertilizers are available to the farmers during the pandemic. Moreover, the delays and disruptions at country borders have impacted the transportation and delivery of liquid fertilizers globally. Furthermore, less availability of labor and raw material due to global lockdown and curfew practices have restricted the growth of the market.

The emerging markets of Asia-Pacific, Latin America, and Africa provide immense growth opportunities for the liquid fertilizers industry. Countries such as India, China, Brazil, and Argentina have become ideal destinations for global fertilizer companies to establish manufacturing plants. Low labor costs and flexible government regulations are the main reasons for the emergence of these regions on the world fertilizer map. Many of these developing countries, such as India, are still agro-based economies i.e., the significant amount of share in the GDP is from the agriculture sector. Hence, it is becoming highly investment opportunity for international fertilizer companies. Technological advancements duet this demand is expected to further increase the application scope of liquid fertilizers in the food industry. However, excessive use of fertilizers causes soil pollution and water pollution; the chemicals can even easily seep down into the water table. This polluted water eventually mixes with natural streams and lakes. Pollutants include high levels of NPK, heavy metals, and other micronutrients which are required by plants. One of the visible effects of such pollution is eutrophication, which is caused due to high levels of phosphates and nitrates. The growth in concern for the environment and increased awareness among farmers to adopt sustainable farming practices may limit the liquid fertilizers market growth.

Get more information on this report : Request Sample Pages

The global liquid fertilizers market is segmented based on type, production process, mode of application, crop, and geography. Based on type, it is divided into potassium, micronutrients, phosphate, and nitrogen. Based on production process, it is bifurcated into organic and synthetic. Based on application, the liquid fertilizers market 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. By region, the liquid fertilizers market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Based on type, the liquid fertilizers market is categorized intopotassium, micronutrients, phosphate, and nitrogen. Nitrogen segment constitute a major liquid fertilizers market share; however, the micronutrients segment is projected to experience growth at the highest CAGR during theliquid fertilizers market forecast period. 

Get more information on this report : Request Sample Pages

Based on production process, the liquid fertilizers market is divided into organic and synthetic.Organic segment leads in terms of market share and is expected to continue to grow with robust CAGR during the forecast period. Organic fertilizers are derived from animal matter, animal excreta, and vegetable matter (like crop residue). These fertilizers not only supply nutrients to the plant however also help in building & maintaining a rich soil ecosystem of earthworms and other micro organisms; they have very little environmental effects, unlike synthetic fertilizers.

Get more information on this report : Request Sample Pages

On the basis of application, the liquid fertilizers market is categorized into soil, fertigation, foliar, and others. The fertigation segment held the major share in the market, and is projected to remain dominant during the forecast period.

Get more information on this report : Request Sample Pages

Based on crop, it is classified into oil seeds & pulses, fruits & vegetables, grains & cereals, and others.Grains & cereals segment constitute a major liquid fertilizers market share; however, the fruits & vegetables segment is projected to experience growth at the highest CAGR during the liquid fertilizers market forecast period. 

Get more information on this report : Request Sample Pages

Key market players in this liquid fertilizers market are Agrium Incorporated, AgroLiquid, Haifa Chemicals Ltd., Israel Chemical Ltd. (ICL), Kugler Company, Rural Liquid Fertilizers (RLF), Yara International ASA, Compo Expert GmbH, and K+S Aktiengesellschaft.

Get more information on this report : Request Sample Pages

Covid-19 Impact Analysis

• COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December 2020.
• The global coronavirus pandemic has created a number of challenges for exporters in the developing and developed countries. The challenges witnessed by the exporters of liquid fertilizers products are likely to remain for the foreseeable future, as different states and governments around the world attempt to tackle COVID-19 with various measures.
• Implementation of curfew and the practice of maintaining social distancing globally affect the domestic as well as international production, which in turn, hampers the growth of the overall market.
• Import and export restrictions on goods and quarantine and lockdown measures imposed by governments are key challenges exporters are facing during this pandemic.
• Delays and disruptions at country borders have impacted the transportation and delivery of liquid fertilizers.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the liquid fertilizers market analysis from 2020 to 2031 to identify the prevailing market opportunities.
• The market research is offered along with information related to key drivers, restraints, and liquid fertilizers market opportunities.
• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier–buyer network.
• In-depth analysis of the liquid fertilizers market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market industry. 
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global liquid fertilizers market trends, key players, market segments, application areas, and market growth strategies. 

 Key Market Segments

• By Type
  • Nitrogen
  • Phosphorous
  • Potash
  • Micronutrients
• By Production Process
  • Organic
  • Synthetic
• By Mode of Application
  • Soil
  • Fertigation
  • Foliar
  • Others
• By Crop
  • Grains & Cereals
  • Fruits & Vegetables
  • Oilseeds & Pulses
  • Others
• By Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • South Africa
    • Saudi Arabia
    • Rest of LAMEA