Liquid Fertilizers Market

Global Liquid Fertilizers Market

As stated in our extensive report; the Global Liquid Fertilizers Market accounted for USD 2.5 Billion in the year 2022 and is projected to reach a value of USD 3.4 Billion by 2030.

Liquid Fertilizers give plants the nutrients they need at any given time and under different conditions. The plants should absorb these fertilizers through the pores of the leaves and roots. They are rich in growth hormones and micronutrients and are widely used to grow crops such as corn. They act as a catalyst to increase the supply of nutrients to the plant. In addition, Liquid Fertilizers help in the rapid rooting of cuttings and the early growth of plants. The improved and efficient application of liquid fertilizer ensures that crops and plants receive the required nutrients in the right place at the right time with minimal waste.

Low labor costs and flexible government regulations are the main reasons these regions appear on the global fertilizer map. Many of these developing countries, like India, still depend on agriculture, meaning that a large part of GDP comes from the agricultural sector. As such, it is becoming a critical investment opportunity for international fertilizer companies. Technological advances resulting from this demand are expected to further expand the range of applications for Liquid Fertilizers in the food industry. Enhanced Performance Fertilizers (EEF) is leading the global liquid fertilizer market due to its positive development in the agricultural sector in various areas, such as grain and industrial crops, due to the emergence of new urease inhibitors and low-cost polymer coating technologies.

These are the primary factors that must be considered to propel the growth of the global Liquid Fertilizers market. However, growing concerns about the environment and farmers’ increasing awareness of sustainable farming practices may limit the growth of the liquid fertilizer market. New emerging economies are expected to present this market with enormous prospects.

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Key factors influencing Liquid Fertilizers Market Growth

The growth of the global Liquid Fertilizers market can be attributable to the following:

1. Liquid Fertilizers provide plants with the nutrients they need at all times and under different conditions. Plants must absorb these fertilizers through the pores of their leaves and roots.
2. With growing health and nutrition concerns resulting from the COVID-19 pandemic, demand for high-value crops such as fruits and vegetables is increasing worldwide. Liquid foliar fertilizers play an important role in fruit growing as foliar sprays are known to improve fruit quality.
3. Agricultural land has shrunk due to urbanization, soil erosion, and pollution. Therefore, increasing the yield of each area is the only possible way to produce enough food for everyone. This is only possible through the judicious use of fertilizers and other advanced farming techniques.
4. Many developing countries like India still depend on agriculture, meaning that a large part of GDP comes from the agricultural sector. As such, it is becoming a critical investment opportunity for international fertilizer companies.
5. The area dedicated to peat and ornamental plant cultivation is growing due to concerns about pollution, the growing importance of aesthetic landscape gardens, and eco-tourism worldwide. Therefore, global liquid fertilizer usage by crop species will continue increasing over the forecast period.
6. Enhanced Performance Fertilizers (EEF) is a leader in the global liquid fertilizer market due to the positive development of the agricultural sector in various areas, such as grain and industrial crops, due to the emergence of new urease inhibitors and low-cost polymer coating technologies.
7. There is a growing trend towards introducing Liquid Fertilizers due to ease of application, even distribution, and lower application costs. These factors are expected to boost the liquid fertilizer market over the forecast period.

Asia Pacific Region to Lead the Market 

Asia Pacific Liquid Fertilizers market is getting more significant with maximum market share during the forecast period. The increasing demand for various crops in the Asia Pacific region is driving the market’s growth. The growing agricultural practices and requirement for high-quality agricultural produce are projected to drive the Liquid Fertilizers market growth in this region. Major crops in Asia include rice, sugar beet, fruits & vegetables, cereals, and grains; the area consumes 90% of the global rice produced. Asian countries, such as Korea, China, and Japan, apply high levels of Liquid Fertilizers per hectare for both short-term and perennial crops. Hence, the demand for Liquid Fertilizers is high in the region. The European region was the second largest liquid fertilizer market in the world, accounting for approximately 29.0% of the total liquid fertilizer market, which was valued at approximately $8.16 billion in 2021. One of the reasons for Europe’s dominance of the liquid fertilizer market is the presence of better irrigation systems in the region.

Conclusion

Increasing demand for improved fertilizers with high yields, easy application and application of liquid fertilizer, and the introduction of precision farming and conservation farming, are positively influencing the overall Liquid Fertilizers market.

Some of the key players in the Global Liquid Fertilizers Market include- Agrium Incorporated (U.S.), AgroLiquid (U.S.), Haifa Chemicals Ltd. (Israel), Israel Chemical Ltd. (ICL) (Israel), Kugler Company (U.S.), Rural Liquid Fertilizers (RLF) (Australia) and others.