The North American liquid fertilizers market, estimated at USD XX million in 2016 is expected to reach USD XX million by 2021 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
On the basis of nutrient type nitrogen is the most widely used among micro and macro nutrients due to its easy availability at a competitive price. It is estimated to have the highest market in the forecast period.
Based on its application, the market size of the fertigation segment is the highest and its command over the market is expected to continue over the forecast period.
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-