North America Liquid Fertilizers Market Size

North America Liquid Fertilizer Market Analysis

The North America Liquid Fertilizers Market size is estimated at USD 2.85 billion in 2024, and is expected to reach USD 3.58 billion by 2029, growing at a CAGR of 4.70% during the forecast period (2024-2029).

In the North American region, the outbreak of the COVID-19 pandemic has had a significant effect on the liquid fertilizer market. Consequently, the widespread COVID-19 pandemic across North America has impacted various aspects of the industry, such as labor shortages, procurement of raw materials, and restrictions on trade resulting in supply chain disruptions. Further, the pandemic interrupted the distribution channel of the liquid fertilizer industry through fertilizer stores, which caused a shift of consumers toward online sales channels to buy fertilizer products.

North America is estimated to be the second-largest consumer of liquid fertilizers. Within the region, the US, Canada, and Mexico are the largest markets for liquid fertilizer, with the US dominating the market. In the North American region, the lands are acidic, and using nitrogen fertilizers helps maintain the desirable pH level of the soil, which is one of the major drivers for the growth of the liquid nitrogen-based fertilizer market.

The increasing demand for highly efficient fertilizers across North America, along with the demand for liquid fertilizer, is expected to increase during the coming years in the region. The recent rise in high nutrient-based liquid fertilizers, wherein with growing crop yield and productivity among the growers, is proving to be a major driver for the market.

Urea is the most widely used liquid nitrogenous fertilizer in the region. The liquid micronutrient segment of the North American liquid fertilizer market is growing at a rapid pace, and the growth can be attributed to the rising demand for food grains and increasing soil deficiency.