Press release
Global Liquid Fertilizer Market Size to Worth Around US$ 3.59 Bn by 2028 at CAGR 4.1% : Global Opportunity Analysis and Industry Forecast | Introspective Market Research
Market Overview:The Global Liquid Fertilizer Market Was Estimated At USD 2.71 Billion In 2021 And Is Projected To Reach USD 3.59 Billion By 2028, Growing At A CAGR Of 4.1%.
Liquid fertilizers are effective extracts of soluble chemicals and powders consisting of a mixture of potassium, phosphorus, and nitrogen. They also contain a number of insecticides, fungicides, herbicides, and wetting agents designed to promote plant growth. Liquid fertilizers include aqueous liquid ammonia, nitrogen fertilizers, aqueous ammonia solutions, concentrated solutions of ammonium nitrate and urea, ammonia, and some complex fertilizers that are important for soil nutrition. Most farmers around the world look for good quality soil and food for their fields during cultivation. Liquid fertilizers help farmers increase soil efficiency and improve overall production.
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Top Key Players Covered In Liquid Fertilizer Market
• Italpollina S.p.A. (Italy)
• Tata Chemicals Ltd (India)
• Nutrien Ltd. (Canada)
• Yara International ASA (Norway)
• Israel Chemical Ltd. (Israel)
• The Mosaic Company (US)
• EuroChem Group (Switzerland)
• The Scotts Miracle-Gro Company (US)
• Sigma AgriScience LLC (US)
• ILSA S.p.A. (Italy)
• Ajay Farm-Chem Private Limited (India)
• Balaji Fertilizers Private Limited (India)
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Market Dynamics:
Driver:
Growing consumer demand for high-quality food and the development of highly efficient liquid fertilizers has led to the expansion of the liquid fertilizer market over the decades. Consumer awareness of food safety has increased. In addition, plant nutrition is becoming important for both commercial and food crops due to important environmental and economic considerations. Therefore, effective fertilizers such as liquid fertilizers are becoming more and more common. Effective fertilizers effectively save time and labor costs, and by reducing waste, they ensure that the crop receives nutrients in the right amount in the right place and at the right time.
Opportunities:
With the growth of the world's population, the global need for food has increased, which has greatly increased the use of effective fertilizers, especially liquid fertilizers, in agriculture. Liquid fertilizers contribute significantly to overall production and food security. Over the years, the demand for high-performance fertilizers has been significantly influenced by the desire to increase global food security. For example, ICL's Greenmaster Liquid and Sportsmaster Liquid fertilizers use innovative liquid nutrient technology and contain the company's unique TMax nutrient activator which gives opportunity to the liquid fertilizer market.
The Report Will Include A Major Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis.
Segmentation Analysis Of Liquid Fertilizer Market
By Nutrient Type, the nitrogen segment is anticipated to lead the growth of the liquid fertilizers market. Nitrogen is the majorly consumed nutrient among all the micro and macro elements needed for the ultimate plant growth.
By Mode of Application, the fertigation segment is projected to be the most dominating segment for the liquid fertilizer market during the forecasted years. The segment is expected to witness rapid growth owing to its several advantages such as the requirement of less time, water, energy, labor, and initial costs.
By Major Compounds, the calcium ammonium nitrate (CAN) segment is anticipated to dominate the growth of the liquid fertilizer market.
By Crop Type, fruits & vegetable is the dominating segment of the liquid fertilizer market. The dominance can be attributed to the growing trend of consuming fruits due to their several health benefits.
By Nutrient Type
• Nitrogen
• Phosphorus
• Potassium
• Micronutrients
By Mode of Application
• Soil
• Foliar
• Fertigation
By Major Compound
• CAN
• UAN
• MAP
• DAP
• Potassium Nitrate
Regional Analysis Of Liquid Fertilizer Market
The Asia Pacific region is anticipated to dominate the liquid fertilizers market over the forecasted period. The Asia Pacific is undoubtedly the largest market for liquid fertilizer owing to the rising prices of traditional fertilizers and their negative impact on environmental conditions. These have also resulted in the massive growth in the utilization of high-efficiency fertilizers such as liquid potassium fertilizers for crop production.
By Region
• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)
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Key Industry Development In The Liquid Fertilizer Market:
In January 2021, ICL declared the successful acquisition of Fertilaqua. The company further expects to leverage Fertilaqua's excellent market presence and distribution capabilities for increasing the sales of liquid fertilizers, specialty plant nutrition products, and controlled-released fertilizers in the Brazilian market which is the topmost and one of the world's fastest-growing agriculture markets.
In March 2020, Yara declared the latest partnership agreement with FB Sciences Inc., which will constantly focus on delivering as well as developing innovative plant health solutions to growers around the North American region.
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About us:
Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.
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