Liquid Fertilizers Market to Reach Valuation of USD 3.4 Billion by 2030– Growth in the Adoption of Cloud and Big Data Drives the Market

In terms of revenue, the Global Liquid Fertilizers Market is expected to reach USD 3.4 Billion by 2028, growing at a CAGR (Compound Annual Growth Rate) of 4.5% from 2023 to 2030.

The improved and efficient application of liquid fertilizer ensures that crops and plants receive the required nutrients in the right place at the right time with minimal waste. Enhanced Performance Fertilizers (EEF) is leading the global liquid fertilizer market due to its positive development in the agricultural sector in various areas, such as grain and industrial crops, due to the emergence of new urease inhibitors and low-cost polymer coating technologies. Low labor costs and flexible government regulations are the main reasons Asia-Pacific region appear on the global fertilizer map. Many of developing countries, like India, still depend on agriculture, meaning that a large part of GDP comes from the agricultural sector. As such, it is becoming a critical investment opportunity for international fertilizer companies. Technological advances resulting from this demand are expected to further expand the range of applications for Liquid Fertilizers in the food industry.

Key Highlights from the Report

· By Crop Type, the Fruits & Vegetables segment is anticipated to dominate the Liquid Fertilizers market with the largest market share in the forecast period considering the increasing exports of fruits & vegetables worldwide.

· By Type, the Nitrogen segment accounted for the maximum CAGR during the forecast period because nitrogen is one of the most widely consumed nutrients among all macro and micro elements required for plant growth.

· By mode of Application, the Fertigation segment is anticipated to dominate the Liquid Fertilizers market with the largest market share in the forecast period considering the advantage of fertigation as it requires less labor, time, energy, and water.

· In terms of Region, Asia Pacific held the major market share in 2021 and is likely to be the most gainful market in the future. The growing agricultural practices and requirement for high-quality agricultural produce are projected to drive the Liquid Fertilizers market growth in this region.

Market Dynamics

Liquid Fertilizers give plants the nutrients they need at any given time and under different conditions. The plants should absorb these fertilizers through the pores of the leaves and roots. They are rich in growth hormones and micronutrients and are widely used to grow crops such as corn. They act as a catalyst to increase the supply of nutrients to the plant. In addition, Liquid Fertilizers help in the rapid rooting of cuttings and the early growth of plants. In addition, more food may be needed in the coming years to feed the growing human population; This underscores the importance of agriculture as it is the only way to mass produce food for humans. But unfortunately, the land is limited, and there must be more opportunities to gain new land for farming. Conversely, agricultural land has shrunk due to urbanization, soil erosion, and pollution. Therefore, increasing the yield of each area is the only possible way to produce enough food for everyone. This is only possible through the judicious use of fertilizers and other advanced farming techniques.

Low labor costs and flexible government regulations are the main reasons these regions appear on the global fertilizer map. Many of these developing countries, like India, still depend on agriculture, meaning that a large part of GDP comes from the agricultural sector. As such, it is becoming a critical investment opportunity for international fertilizer companies. Technological advances resulting from this demand are expected to further expand the range of applications for Liquid Fertilizers in the food industry. The improved and efficient application of liquid fertilizer ensures that crops and plants receive the required nutrients in the right place at the right time with minimal waste.

However, Excessive use of fertilizers causes soil and water pollution; Chemicals can even easily seep into groundwater. Growing concerns about the environment and farmers' increasing awareness of sustainable farming practices may limit the growth of the liquid fertilizer market. Nevertheless, introducing Enhanced Performance Fertilizers (EEF) is anticipated to remove the issue of environmental concerns.

Asia Pacific Liquid Fertilizers market is expected to witness a noteworthy development with a significant growth rate over the analysis period. Notable industry participants like OCP Group (Morocco), OCI Nitrogen (Netherlands), and Wilbur-Ellis (U.S.), are anticipated to accelerate market growth in the area. Additionally, the increasing demand for various crops in the Asia Pacific region is driving the market's growth. The growing agricultural practices and requirement for high-quality agricultural produce are projected to drive the Liquid Fertilizers market growth in this region. Major crops in Asia include rice, sugar beet, fruits & vegetables, cereals, and grains; the area consumes 90% of the global rice produced. Asian countries, such as Korea, China, and Japan, apply high levels of Liquid Fertilizers per hectare for both short-term and perennial crops. Hence, the demand for Liquid Fertilizers is high in the region.

The Global Liquid Fertilizers Market is Segmented as follows

• Crop Type
  • Cereals & Grains
  • Oilseeds & Pulses
  • Fruits & Vegetables
  • Others (Turf, Ornamentals, & Nursery Plants)
• Compounds
  • Calcium Ammonium Nitrate (CAN)
  • Urea-Ammonium Nitrate (UAN)
  • Potassium Nitrate
  • Phosphorus Pentoxide (P2 O5)
  • Others (Boron, Chloride, & Iron)
• Application
  • Soil
  • Follar
  • Fertigation
  • Others (Starter Solution & Aerial Applications)
• Type
  • Nitrogen
  • Phosphorus
  • Potash
  • Micronutrients
• Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

List of the Key Players of the Global Liquid Fertilizers Market is

Agrium Incorporated (U.S.), AgroLiquid (U.S.), Haifa Chemicals Ltd. (Israel), Israel Chemical Ltd. (ICL) (Israel), Kugler Company (U.S.), Rural Liquid Fertilizers (RLF) (Australia), Yara International ASA (Norway), Compo Expert GmbH (Germany), K+S Aktiengesellschaft (Germany)

The Global Liquid Fertilizers Market Scope can be Tabulated as below