Global Liquid Fertilizers Market – Overview
The Liquid Fertilizers market is growing at an incremental pace over the forecast period. Market Research Future, a firm which specializes in market reports related to the Agriculture sector among others, recently forecasted in its report on Global Liquid Fertilizers Market Research Report- Forecast to 2023 that the market will demonstrate an exceptional growth during the forecast period.
Liquid fertilizers are an effective way of providing the vital nutrients to plants at the right time and in an ideal concentration. They are rich in growth of hormones and micro nutrients and are widely used for row crops such as maize. They seem to act in the form of a catalyst which increases a plant’s nutrient uptake. Moreover, they help in the rapid establishment of seedlings and quick early growth. Fertilizers containing sodium, potassium and phosphorous are able to dissolve quickly in water and can be applied which eventually saves the application cost and allows the utilization of fertilizers. When roots are strained or nutrients are unavailable or lacking in the soil, they can be supplied by foliar feeding.
The global liquid fertilizers market is growing due to increasing population as well as increasing demand for food. With the growing consumer awareness and support from government to capitalize on the agriculture production, the demand for liquid fertilizers has increased recently. In addition to the increasing population, the growing demand for food, rise in the crop production, increasing soil efficiency, growing economy, increasing demand for bio-fuels and high quality yield are projected to drive the liquid fertilizers market.
Increased awareness about the liquid fertilizers has upraised the bar for quality, which, in turn is increasing the market share of liquid fertilizers globally. Mass market penetration is leading to the introduction of new products based out of the liquid fertilizers and their retail across various regions. High nutritional benefits obtained from liquid fertilizers are also supporting the sale of liquid fertilizers globally.
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Latest Industry Updates
Dec 2017 Aqua-Yield launched NanoPhos, a liquid fertilizer at the 2017 ARA Conference and Expo. This product launch is presenting their interest in expansion of product portfolio and to cater high market share.
Nov 2017 Yara has entered into an agreement to acquire the Vale Cubatão Fertilizantes complex in Brazil from Vale S.A. The acquisition will establish Yara as a nitrogen producer in Brazil, strengthening its production footprint and complementing its existing distribution position.
August 2017 The Yara Pilbara ammonia plant is one of the largest ammonia production facilities in the world, with capacity of 850 000 t of liquid ammonia, exported from the Dampier Port and traded on Southeast Asian markets. The Clough AMEC joint venture has secured a five year contract, with the option to extend for a further five years, to provide maintenance services to Yara International ASA.
August 2017 Agrium Inc., a leading company in providing nutrients for the agriculture and industrial markets is about to acquire Southern States Cooperative’s Ag-retail Businesses in Georgia and Florida.
Global Liquid Fertilizers Market – Competitive Analysis
With the entry of industry players in the Liquid Fertilizers segment, a trend of solid, volume- driven growth has been observed in the market. Key players are focusing on expansion of their liquid fertilizers business. The market players are responding to the new opportunities by expanding their service offerings/product lines, which has fueled up the share of liquid fertilizers in the global market. Additionally, the enhancement of the product development coupled with technological advancements is considered to be one of the significant reasons for the increasing growth of the liquid fertilizers market during the forecast period 2017-2023.
The key players profiled in Liquid Fertilizers are as Compo Expert GmbH (Germany), Kugler Company (U.S.), Yara International ASA (Norway), Agroliquid (U.S.), Agrium Inc. (Canada), Israel Chemical Ltd. (ICL) (Israel), Haifa Chemicals Ltd. (Israel)
Global Liquid Fertilizers Market – Segments
The global Liquid Fertilizers market has been divided into type, material, end-use and region.
On The Basis Of Type: Nitrogen, Phosphorus, Potash, and Micronutrients
On The Basis Of Crop: Oilseeds & Pulses, Cereals & Grains, Fruits & Vegetables, and others
On The Basis Of Application: Foliar, Fertigation, Soil, and others
On The Basis Of Form: Organic, And Synthetic
On The Basis Of Region: North America, Europe, Asia Pacific and ROW.
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Global Liquid Fertilizers Market – Regional Analysis
The global Liquid Fertilizers market is segmented into North America, Europe, APAC, and Rest of the World (RoW). Asia-Pacific region is expected to have a speedy growth in coming years owing to economic growth and developmental activities in the region. With huge population base, the need for food is growing unprecedentedly in this region and the farmers are constrained to enhance their agricultural yield from the limited available land which has increased the demand for liquid fertilizers in this region. Moreover, factors such as high demand for nutritive food and sustainable crop yields, increasing investment in the agriculture sector, and the management of crop production costs are driving the growth of the liquid fertilizers market in this region.
Growing demand for renewable energy in Europe and the steps taken by the government in favor of enhancing agricultural productivity is boosting the growth of liquid fertilizers in European region. North America has major key players especially in the U.S. who are continuously involved in R&D and development of innovative liquid fertilizers which is driving the market of liquid fertilizers in North America. Latin America is also anticipated to have a decent growth owing to steady growth of the cropped areas in this region.
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