LIQUID FERTILIZER MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Liquid Fertilizer Market Size and Trends

The liquid fertilizer market is estimated to be valued at USD 22.17 Bn in 2024 and is expected to reach USD 33.16 Bn by 2031, growing at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.  

To learn more about this report, request sample copy

The growing adoption of precision farming and environment-friendly fertilizers is supporting the increased usage of liquid fertilizers among farmers globally. The market is expected to witness significant growth over the forecast period. The rise in population and declining availability of cultivable land is increasing the demand for high crop yields, propelling the need for efficient nutrient delivery systems like liquid fertilizers. Furthermore, liquid fertilizers have better absorption rate and ensure uniform distribution of nutrients to plants, thereby improving crop quality and yield.

Rising Global Population

As the world's population continues to grow at a significant pace, the demand for food is expected to rise exponentially in the coming years. It is estimated that the global population will reach nearly 10 billion by 2050 which will require enormous amount of food production. With limited agricultural land available and degrading soil health in many regions, there is an urgent need to boost crop yields in a sustainable manner. Liquid fertilizers can play a vital role here as they help maximize the nutrient uptake by plants. Being soluble in water, liquid fertilizers are easily absorbed by plant roots and ensure that key macro and micronutrients reach different parts of the crop. This leads to higher productivity even when applied in smaller quantities. With agricultural outputs needing to increase substantially, liquid fertilizers are expected to gain more popularity among farmers globally as they seek to feed the swelling population.

In recent times, consumers have become more aware of the ill-effects of excessive use of chemical fertilizers on soil health and environment. There is a rising preference for organic and natural products grown through sustainable agricultural methods. In response, many farmers are gradually shifting towards organic cultivation practices. However, organic farming poses its own set of challenges as nutrients cannot be supplemented quickly to restore depleted soil fertility. Liquid organic fertilizers have emerged as an effective solution here as they contain essential nutrients in readily available forms. Products derived from natural sources like seaweed, humic acid, compost teas, etc. are solubilized and utilized efficiently by plants. This helps organic farmers stay competitive in terms of yields while maintaining the integrity of their farms. With the organic trend gaining momentum worldwide, liquid fertilizers developed from renewable sources can experience expanding demand from growers committed to ecological production.