Market Size of global liquid fertilizer Industry
| Icons | Lable | Value |
|---|---|---|
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Study Period | 2016 - 2030 |
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Market Size (2024) | USD 22.18 Billion |
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Market Size (2030) | USD 31.27 Billion |
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Largest Share by Crop Type | Field Crops |
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CAGR (2024 - 2030) | 5.89 % |
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Largest Share by Region | Europe |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Liquid Fertilizers Market Analysis
The Global Liquid Fertilizer Market size is estimated at USD 22.18 billion in 2024, and is expected to reach USD 31.27 billion by 2030, growing at a CAGR of 5.89% during the forecast period (2024-2030).
- Largest segment by Type - Nitrogenous : Nitrogenous fertilizers like UAN which is less prone to leaching are preferred by farmers around the globe due to its less toxicity with no environmental pollution.
- Fastest growing by Type - Micronutrients : Micronutrient deficiency can be quickly addressed by liquid fertilizers, as they are in an easily absorbable form and can directly be sprayed on plant foliage.
- Largest Segment by Crop Type - Turf & Ornamental : The increasing area under cultivation with increasing concern over pollution and growing ecotourism across the globe has increased the fertilizer demand for such crops.
- Largest segment by Country - United States : The acidic nature of the soil in the United States raised the demand for liquid fertilizers to maintain the pH of the soil and avoid leaching losses of nutrients.
