The global liquid fertilizers market is projected to grow at CAGR of 2.9 % backed up by the growing demand for liquid fertilizers and increasing varieties of liquid fertilizer products. Liquid fertilizers are edible substances, which are used to boost the crop production as plants are easily able to absorb these and can offer faster outcomes. Liquid fertilizers is an active way of providing the essential nutrients to plants at the right time and in ideal concentration. Liquid fertilizers are rich in growth hormones and micro nutrients. It is experiencing a high demand because of its nutritional as well as extra micro nutritional attributes and rising meat consumption globally. High nutritional benefits obtained from liquid fertilizers are also supporting the sale of liquid fertilizers globally.
The global market for liquid fertilizers is expected to continue its growth over the forecast period due to rising food consumption globally and increasing population as well as growing economy, support from the government to maximize the agriculture production. Since liquid fertilizers market’s growth is directly proportional to the scope of innovation due to highly competitive market, key players are investing in R&D for innovating product lines. Moreover, leading players are also investing in partnership with various agriculture associations and industrial bodies as the primary focus area to grow the consumer base.
Increasing number of consumers in developed as well as developing economies is one of the driving forces for this market. Some of the key players are also investing in R&D for development of new product lines with improved formulations. Many consumers consume products involving liquid fertilizers in fruits & vegetables, cereals & grains, and others. They provide health benefits as well as nutritional benefits by offering some extra micronutrients, thus increasing the market for liquid fertilizers.
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The major competitors in this market are inclined to increase their footprints across the globe by acquiring local and regional players. Apart from this, the companies are introducing their products in the developing economies to penetrate the untapped market. Major players are also investing in R&D initiatives especially to develop superior & highest quality products by including organic and natural ingredients. This factor is likely to help them to penetrate the emerging global liquid fertilizers market and fulfill the growing demand. Changing consumer preferences for natural and fresh products will support the sale of liquid fertilizers in Asia Pacific region.
Major Key Players:
This report includes the study of strategies such as mergers and acquisitions, new product launches by the major liquid fertilizers market players. It further includes product portfolios, developments of leading major players, which includes
- POLABSKÝ MOŠT S.R.O.
- Compo Expert GmbH (Germany)
- Kugler Company (U.S.)
- Yara International ASA (Norway)
- Agroliquid (U.S.)
- Agrium Inc. (Canada)
- Israel Chemical Ltd. (ICL) (Israel) and
- Haifa Chemicals Ltd. (Israel)
Asia Pacific dominates the liquid fertilizer market because of its increasing population as well as growing economy. Key manufacturers are focusing on expanding their product lines by providing various product lines with the various flavors, combinations, and attractive packaging.
The global liquid fertilizers market is segmented on the basis of product types, such as nitrogen, phosphorus, potash, and micronutrients. On the basis of crop such as oilseeds & pulses, cereals & grains, fruits & vegetables, and others. On the basis of application, such as foliar, fertigation, soil, and others. On the basis of form, such as organic and synthetic, and on the basis of region.
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Growing fertilizers industry is the reason for growing demand for liquid fertilizers.
Asia Pacific dominates the liquid fertilizers market in comparison to Europe and North America.
The global liquid fertilizers market is segmented on the basis of product type, such as nitrogen, phosphorus, potash, and micronutrients. Among these, micronutrients is the high growth segment in this market owing to metabolic reactions in all crops as well as growth.
On the basis of crop, this market is segmented into oilseeds & pulses, cereals & grains, fruits & vegetables, and others. Fruits & vegetables is the high growth segment in the liquid fertilizers market due to technological advancements as well as its growing demand.
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On the basis of application, this market is segmented into foliar, fertigation, soil, and others. Foliar application is the most common method as it helps in neutralizing soil, increases the nutrient absorption rate, as well as improves the plant growth.
On the basis of form, this market is segmented into organic, and synthetic. Organic liquid fertilizers are expected to grow faster than synthetic liquid fertilizers.
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