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

The liquid fertilizer market is estimated to be valued at USD 22.17 Bn in 2024, growing at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031. Liquid fertilizer refers to fertilizers that are in a fluid form as compared to dry or solid fertilizers. It is easy to transport and apply and provides readily available nutrients to plants. The growing environmental concerns regarding solid fertilizers and the need to improve farming efficiency and productivity is expected to drive the demand for liquid fertilizers globally. They are absorbed by plants quickly and entirely, making them a more precise and effective way to deliver nutrients. The awareness about the benefits of liquid fertilizers among farmers is increasing steadily.

 Market Dynamics:

The global liquid fertilizer market is driven by the rising demand for high-efficiency fertilizers and sustainable farming practices. Liquid fertilizers improve nutrient uptake by plants and soil quality. They reduce wastage and run-off compared to granular fertilizers. However, the market faces challenges due to the higher production cost of liquid fertilizers. Their longer shelf-life and storage requirements also add to the cost. Moreover, the low penetration in developing countries and lack of awareness act as a restraint. On the flip side, the focus on precision farming and government initiatives to promote precision agriculture open up opportunities for market players. The demand for NPK and potash liquid fertilizers is expected to increase significantly over the forecast period.

 Key Features of the Study:

• This report provides an in-depth analysis of the global liquid fertilizer market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global liquid fertilizer market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Yara International ASA, Nutrien Ltd, Israel Chemical Ltd., Haifa Chemical Ltd, GrupaAzoty, The Mosaic Company, SociedadQuímica y Minera de Chile S.A., K+S Aktiengesellschaft, Plant Food Company Inc., EuroChem Group, Annadata Organic, AgroLiquid, Agrobio Chemicals, Van Iperen International, BMS Micro-Nutrients NV, ICL Fertilizers, IFFCO, Nortox, Safsulfur, and SQM.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global liquid fertilizer market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global liquid fertilizer market.

Market Segmentation

• Crop Type:
  • Cereals & Grains
  • Oilseed & Pulses
  • Fruits & Vegetables
  • Others (Nursery plants, etc.)
• Compounds:
  • Calcium Ammonium Nitrate (CAN)
  • Urea-Ammonium Nitrate (UAN)
  • Potassium Nitrate
  • Phosphorus Pentoxide (P 0 )
  • Others (Boron, etc.)
• Type:
  • Nitrogen
  • Phosphorus
  • Potash
  • Micronutrients
• Application:
  • Soil
  • Foliar
  • Fertigation
  • Agricultural fields
  • Hydroponics
  • Others (Starter solutions, etc.)
• Regional:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • Yara International ASA
  • Nutrien Ltd
  • Israel Chemical Ltd.
  • Haifa Chemical Ltd
  • GrupaAzoty
  • The Mosaic Company
  • SociedadQuímica y Minera de Chile S.A.
  • K+S Aktiengesellschaft
  • Plant Food Company Inc.
  • EuroChem Group
  • Annadata Organic
  • AgroLiquid
  • Agrobio Chemicals
  • Van Iperen International
  • BMS Micro-Nutrients NV
  • ICL Fertilizers
  • IFFCO
  • Nortox
  • Safsulfur
  • SQM