The market estimated at USD XX million in 2017 is expected to reach USD XX million by 2022 at a CAGR of XX%. North America has the highest market share of liquid fertilizers globally, with around 46%. The huge demand in this region has led to increased competition and companies are investing in R&D for innovative products to grab maximum market share.
North America Liquid Fertilizers Market Dynamics
The use of liquid fertilizer helps in transferring the nutrients in the most efficient way, thereby, leading to a healthier crop. The major factors which are driving the liquid fertilizers market in North America are the availability of large wagons to fill liquid fertilizers which help farmers cover huge areas of land, thus, reducing application time; limited arable land and unfavorable climatic conditions. The major restraints to this market are increased health and environmental concerns, restrictions in the supply chain, and high costs involved in the handling and storing of the liquid fertilizers.
North America Liquid Fertilizers Market Segmentation
The North American Liquid Fertilizer Market is segmented on the basis of Nutrient type, Ingredient Type, Mode of Application, and by Application. By Nutrient type, Nitrogen fertilizer has the largest market share with a market share of 44.3%. By Ingredient type, the market is segmented into organic and synthetic fertilizer. Synthetic fertilizer has the largest market share. By Region, the market is segmented into US, Canada, and Mexico and of these United States have the largest liquid fertilizer market.
Key Players in the North American Liquid Fertilizers Market
The major companies in the sector include:
Key Deliverables in the Study
The report holds importance for the following stakeholders-