|Fastest Growing Market:||Africa|
|Largest Market:||Asia Pacific|
Need a report that reflects how COVID-19 has impacted this market and its growth?
The liquid fertilizers market is expected to register a CAGR of 3.4% during the forecast period (2022-2027).
The COVID-19 pandemic across the world had the most critical impact on the fertilizer sector, including liquid fertilizers, which affected the movement of both fertilizers and raw materials moving in, out, and across various countries. Due to the shortage of labor and the shutdown of fertilizer plants located in the integrated chemical complexes, shipments were affected in the initial lockdown process. Although the pandemic had affected the industry in the initial days, the impact on the liquid fertilizer Industry is expected to be short-term.
The liquid fertilizers market has been a strongly growing market, and the market is also expected to show steady growth over the long term. The rise in demand for high-efficiency fertilizers, ease in application, adoption of sustainable farming practices, and higher environmental safety are some of the factors driving the liquid fertilizers market. The demand for potassium liquid fertilizers is likely to increase in the coming years to enhance production due to the increasing demand for food across the world. Asia-Pacific was the largest segment of the market studied.
Scope of the Report
Liquid fertilizers are the latest and most technically advanced products that supply nutrients to crops. The need to improve food security has strongly influenced the demand for high-efficiency fertilizers in the world over the years. Along with the market expansion, companies in the liquid fertilizers market are not only competing based on product quality and promotion but are also focused on expanding their reach to new regions.
The liquid fertilizers market is segmented by nutrient (nitrogen, potassium, phosphate, and micronutrients), ingredient (synthetic and organic fertilizers), mode of application (foliar, aerial, start solutions, fertigation, and injection into the soil), application (grains and cereals, pulses and oilseeds, fruits and vegetables, turf and ornamental crops, and other non-crop based applications), and geography (North America, Asia-Pacific, Europe, South America, and Africa). The market sizing and forecast have been done on the basis of value (USD million) for all the above segments.
|Mode of Application|
|Injection into Soil|
|Grains and Cereals|
|Pulses and Oilseeds|
|Fruits and Vegetables|
Key Market Trends
Easy Usage and Application Procedures
Despite the global shrinkage of arable land, there is an increasing demand for food around the world, which has led to an enormous increase in the application of high-efficiency fertilizers, including liquid fertilizers, in cultivation. The contribution of liquid fertilizers to the overall yield and food security is significant. So far, the highest adoption rate of liquid fertilizers has been observed in the North American region. As per the International Fertilizer Industry Association (IFA), anhydrous ammonia garnered a larger share of 77% in liquid fertilizer applications, followed by urea ammonium nitrate (UAN) solutions (18%). Liquid fertilizers, when compared to granular fertilizers, offer higher uniformity, providing the crops with a consistent coating so that all plants receive the same nutrients regardless of location. Consequently, liquid fertilizers are projected to witness growth as one of the highly efficient fertilizers that can give cost-effective yields under varied agro-climatic conditions, unlike other types of fertilizers.
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Asia-Pacific Dominates the Global Market
Asia-Pacific is traditionally the largest market, representing a 38.4% share of the global market. The increasing cost of traditional fertilizers and their adverse effects on the environment have led to an enormous increase in the application of high-efficiency fertilizers, including liquid potassium fertilizers, in cultivation. The increasing demand for food, high crop yield, and advancement in the automated irrigation system are the major factors driving the demand for liquid fertilizers in the Asia-Pacific region. In the region, China holds the largest share of 46.5%, while Australia is expected to witness the fastest growth in the coming years.
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The liquid fertilizers market is slightly fragmented, with various small and medium-sized companies coining smaller shares. Global market players, such as Yara International, Nutrien Ltd, K+S Aktiengesellschaft, and Haifa Chemicals are the leading market players in the segment, while smaller companies, such as Rural Liquid Fertilizers and Nutri-Tech Solutions, also account for a formidable share in the market.
Yara International ASA
Haifa Chemicals Ltd
In March 2021, ICL acquired Compass Minerals America do Sul SA, which is a liquid fertilizer manufacturing company. ICL also acquired the South American Plant Nutrition business of Compass Minerals.
In January 2021, ICL acquired Fertilaqua. The company expects to leverage Fertilaqua's strong market presence and distribution capabilities to increase the sales of liquid fertilizers, controlled-released fertilizers, and other specialty plant nutrition products in the Brazilian market, one of the world's fastest-growing agriculture markets.
In March 2020, Yara announced a partnership agreement with FB Sciences Inc., which will focus on developing and delivering innovative plant health solutions to growers across North America. In February 2017, Yara launched a liquid fertilizer plant in South Africa.
Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Nutrient Type
5.2 Ingredient Type
5.2.1 Crop-based Fertilizers
5.3 Mode of Application
5.3.1 Foliar Application
5.3.2 Aerial Applications
5.3.3 Starter Solutions
5.3.5 Injection into Soil
5.4.1 Grains and Cereals
5.4.2 Pulses and Oilseeds
5.4.3 Fruits and Vegetables
5.4.4 Commercial Crops
5.4.5 Other Applications
5.5.1 North America
188.8.131.52 United States
184.108.40.206 Rest of North America
220.127.116.11 United Kingdom
18.104.22.168 Rest of Europe
22.214.171.124 Rest of Asia-Pacific
5.5.4 South America
126.96.36.199 Rest of South America
188.8.131.52 South Africa
184.108.40.206 Rest of Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Yara International ASA
6.3.2 Nutrien Ltd
6.3.3 ICL Fertilizers
6.3.4 Haifa Chemicals Ltd
6.3.5 Plant Food Company Inc.
6.3.6 K+S Aktiengesellschaft
6.3.7 Compo Expert GmbH
6.3.8 Kugler Company
6.3.9 AgroLiquid AD
6.3.10 Nutri-Tech Solutions
6.3.11 Tessenderlo Group
6.3.12 Nutra Flow
6.3.14 FoxFar Soil & Fertilizer Company
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. AN ASSESSMENT OF THE COVID-19 IMPACT ON THE MARKET
Frequently Asked Questions
What is the study period of this market?
The Liquid Fertilizers Market market is studied from 2017 - 2027.
What is the growth rate of Liquid Fertilizers Market?
The Liquid Fertilizers Market is growing at a CAGR of 3.4% over the next 5 years.
Which region has highest growth rate in Liquid Fertilizers Market?
Africa is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Liquid Fertilizers Market?
Asia Pacific holds highest share in 2021.
Who are the key players in Liquid Fertilizers Market?
Yara International ASA, Nutrien Ltd., ICL Fertilizers, Haifa Chemicals Ltd, K+S Aktiengesellschaft are the major companies operating in Liquid Fertilizers Market.