- Toll Free: +1-800-792-5285
- (UK): +44-845-528-1300
- Int'l: +1-503-894-6022
- Help@alliedmarketresearch.com
Cart
|
FO_172250
|
Pages: 190
|
May 2017 | 4660 Views
|
|
|
|
Author's :
Sumiran Satsangi
|
Tables: 135
|
Charts: 28
|
Formats*: |
|
Global Liquid Fertilizer Market was valued at $11,108 million in 2016, and is expected to reach $13,530 million by 2023, registering a CAGR of 2.8% from 2017 to 2023. Fertilizers are commonly used to grow all types of crops; however, the rate of application is totally dependent on the soil fertility, which is usually measured by a soil test and based on the particular crop. Fertilizers are utilized among crops both in solid and liquid form. Moreover, solid fertilizer is typically in granulated or powdered form while liquid fertilizers comprise anhydrous ammonia, aqueous solutions of ammonia, aqueous solutions of ammonium nitrate, or urea. These concentrated products are mixed with water to form a concentrated liquid fertilizer (e.g., UAN). Liquid fertilizer proves to be beneficial as it exhibits quicker and broad range of effects on crops and acts as catalyst, thereby increasing the plant nutrient intake.
Global Liquid Fertilizer Market Segmentation
Get more information on this report : Request Sample Pages
The liquid fertilizer market is segmented based on type, production process, crop type, mode of application, and geography. Based on type, it is classified into nitrogen, phosphorous, potash, and micronutrients. Based on production process, it is bifurcated into organic and synthetic. By crop type, it is categorized into cereals & grains, fruits & vegetables, oilseeds & pulses, and others. Based on mode of application, it is divided as soil, foliar, fertigation, and others. Based on geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Liquid fertilizers are applied as irrigation systems and as starter fertilizers in rows to crops, which helps in efficient usage of plant nutrients, thereby minimizing environmental issues. In addition, rapid rise in demand for high-efficiency fertilizers, ease of use and application, adoption of precision farming, protection of crops, and related environmental concerns are some of the major factors that augment the market growth. In addition, the demand for liquid fertilizers has surged due to increase in need for agricultural output to cater to the global food requirements.
The global liquid fertilizer market provides various opportunities to the market players, owing to disposable incomes and rapid growth in the global economy. Moreover, demand for nitrogen, phosphorous, and potassium fertilizers has increased, owing to rapid demand for food grains and concerns related to depletion of groundwater resources, which further propel the market growth. In addition, liquid fertilizers are expected to witness major growth in Europe, owing to steps raised by European Fertilizer Manufacturers’ Association (EFMA) for the implementation of product stewardship program that aims to enhance agricultural productivity. However, problems in the supply cycle, rise in concerns over environmental degradation, fluctuation in cost of handling and storing the fertilizers, inadequate knowledge among the farmers, and strict regulatory framework are some factors that inhibit the market growth.
Top Investment Pockets
Foliar application is expected to grow at maximum CAGR as foliar spraying results in rapid uptake of nutrients by the soil. Moreover, foliar application of micronutrients acts as an efficient way of supplying micronutrients to the plant. In addition, spraying of liquid fertilizer on foliage results in increased nutrient absorption through the leaves into the roots.
Top Investment Pockets
Get more information on this report : Request Sample Pages
Segment Review
The nitrogen type segment, dominated the global market in 2016, and is anticipated to maintain its dominance throughout the forecast period. Based on mode of application, the market is classified into soil, foliar, fertigation and others (starter and aerial solution). The foliar segment is estimated to grow at a significant CAGR of 3.1%.
Liquid Fertilizer Market Share, By Type, 2016 (%)
Get more information on this report : Request Sample Pages
Geographical Review
Asia-Pacific accounted for a considerable share of the total revenue in 2016, followed by LAMEA and Europe. Moreover, the demand for liquid fertilizers is rapidly rising in Latin America, majorly in Africa owing to increasing cropping area and is expected to have a major growth in the forecasted years.
India Liquid Fertilizer Market Value, 2015-2023 ($Million)
Get more information on this report : Request Sample Pages
Key players, which include Agrium Inc., Yara International ASA, Israel Chemical Ltd. (ICL), K+S Aktiengesellschaft, Kugler Company, Haifa Chemicals Ltd., Agroliquid, Plant Food Company, Inc., Compo Expert GmbH, and Rural Liquid Fertilizers, have invested in R&D activities to develop advanced products to cater to the requirements of the market.
The other players in the value chain (profiles not included in the report) include Sociedad Quimica Y Minera SA (SQM), Coromandel International Ltd., HebeiMonband Water Soluble Fertilizer Co., Ltd., The Dow Chemicals Company, The Mosaic Company, BASF SE, and Bayer Cropscience AG.
Key Benefits
Liquid fertilizers are preferred over conventional fertilizers as they possess the ability to mix rapidly with the soil, thereby increasing crop yields. Moreover, the nitrogen segment accounted for the highest market share in 2016, due to the degradation of soil quality, which causes micronutrient deficiency in crops.
Liquid fertilizers have gained popularity in the recent years, owing to increase in application, leading to three to fourfold increase in crop production. In addition, rise in hydroponic system field areas and easy availability of fertilizers at lower and subsidized rates encourages the farmers to effectively use liquid fertilizer sprayers.
The Asia-Pacific liquid fertilizers market offers lucrative opportunities for key manufacturers, owing to growth of agriculture industry to cater to the growing food demands. In addition, the fruits & vegetables crop segment is expected to exhibit high potential due to continuous technological advancements and raised demands. Furthermore, investments initiatives by the government and private manufacturers surge development activities and new product developments, thus boosting the market growth.
Enterprise
License/PDF
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high level data integrity, accurate analysis and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
