Liquid Fertilizers Market Size, Share, Opportunities, And Trends By Type (Nitrogen, Potassium, Phosphorous, Micronutrients), By Production Process (Organic, Inorganic), By Crop Type (Pulses, Grains, Fruits And Vegetables, Others), By Application (Foliar, Fertigation), And By Geography - Forecasts From 2023 To 2028
- Published : Mar 2023
- Report Code : KSI061614584
- Pages : 145
Liquid fertilizers are essential modern chemical solutions that deliver the necessary amount of nutrients to crops within a certain period and under various environmental circumstances. Chemicals including ammonium nitrate, aqueous ammonia, potassium salts, and urea are combined with water and other soluble phosphates to create them. With a rich supply of micronutrients, growth hormones, and nitrogen, liquid fertilizers provide consistent application, maximize nutrient absorption, and improve crop yield. Because of these characteristics, liquid fertilizers are often applied by farmers using pumps to equally cover foliar and other crops as well as grass pastures. They are currently offered commercially in both organic and synthetic forms.
Several of the emerging nations, including India, still have agriculture-based economies, meaning that a sizeable portion of their income comes from this industry. As a result, it is developing into a significant investment potential for global fertilizer businesses. The application range of liquid fertilizers in the food sector is anticipated to be progressively expanded by technological developments as a result of this need.
Governments worldwide are concentrating on efforts to replace urea-based fertilizers with more environmentally friendly ones. For example, the Indian government said on June 7, 2022, that it will create other plant nutrition sources, including organic liquid fertilizers and bio-fertilizers, to replace urea-based fertilizers and control rising input prices and fertilizer subsidies. To draw a substantially larger client base, manufacturers are collaborating with parties from other locations.
The greater use of effective fertilizers and fertigation techniques is the primary factor driving the rising demand for liquid fertilizers. Modern crop nutrients essentially provide crops with the maximum quantity of nutrients during the development cycle in the most efficient way without depleting soil and water resources, which is projected to boost demand for liquid soluble fertilizers. To meet the continually rising demand for liquid fertilizers, market players are focusing on expanding their product portfolios.
The need for improved high-efficiency fertilizers is rising.
To assure the best possible plant and crop development, liquid-based enhanced efficiency fertilizers (EEF) have become more and more necessary since the agricultural industry has experienced tremendous growth. This is a key component fueling the market expansion, along with increased food demand. Following this, crop nutrition is becoming more crucial in both commercial and food crops due to the developing environmental and economic concerns. Due to these worries, the usage of liquid fertilizers has substantially increased to assure mass food production by enhancing soil and plant health, which serves as another component that stimulates growth. Also, the market is being influenced by farmers' shifting preferences for organic liquid fertilizers, which improve soil structure, encourage the growth of microorganisms, protect plants from harm, and lessen the negative impacts of pesticides.
The rising focus on product innovation fuels the market for liquid fertilizers.
The main trend gaining traction in the market for liquid fertilizers is product innovation. To enhance their market share and build a robust product portfolio, major industry players are concentrating on creating novel items. For instance, in May 2020, the US-based business Wilbur-Ellis introduced two new technologies for potassium fertilizers, TILL-IT KOMPOUND and FOLI-GRO KILO. These potassium fertilizers with carbon bases are extremely soluble and promote bio-activation in the soil or when applied topically to leaves. With great solubility and accessibility for any foliar, in-furrow, or soil-applied liquid fertilizer application, FOLI-GRO KILO is a carbon-based potassium source. The KILO technology has been coupled with sulfur by TILL-IT KOMPOUND to provide a solution for use alone or in conjunction with urea ammonium nitrate or ammonium polyphosphate (APP).
North America is projected to be the prominent market shareholder in the liquid fertilizer market and is anticipated to continue throughout the forecast period.
North America is anticipated to dominate the liquid fertilizer market. Over the projection period, the market expansion will be fueled by the presence of a wide range of fertilizer producers in the region, as well as by the construction of new manufacturing facilities and distribution networks Asia-Pacific is anticipated to hold the second-largest market share for liquid fertilizers. The use of high-efficiency fertilizers in agriculture, including liquid potassium fertilizers, has skyrocketed due to the rising costs of conventional fertilizers and their negative environmental impacts. Demand for liquid fertilizers is increasing in the Asia-Pacific region as a result of rising food consumption, high crop yields, and advancements in automated irrigation systems. Australia is predicted to expand the quickest in the upcoming years, while Due to the region's extraordinary economic and population growth as well as government and national and international association support for increased agricultural production of foods like fruits, oil, and other foods to meet the region's demand for food products.
Market Key Developments
- In January 2023, K+S declared that it has come to terms with Industrial Commodities Holdings (Pty) Ltd, its South African distribution partner, to buy a majority interest in the company (ICH). By making this tactical choice, K+S hopes to improve its position in South Africa and grow its clientele there.
- In November 2022, The brands, properties, and trademarks of Spring Valley, USA will be acquired by Interoceanic Corporation's associate firm, Quick Plant Nutrients, LLC.
- In October 2022, Urban-gro, Inc. announced a partnership with King Solomon Nutrients, Inc., a U.S.-based business, to provide optimized crop nutrition to commercial growers. This partnership is anticipated to expand both manufacturers' existing customer bases and consequently drive market revenue growth on a global scale.
Liquid Fertilizers Market Scope:
|Growth Rate||CAGR during the forecast period|
|Forecast Period||2023 – 2028|
|Forecast Unit (Value)||USD Billion|
|Segments Covered||Type, Production Process, Crop Type, Application, and Geography|
|Regions Covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies Covered||Yara International ASA, AgroLiquid, LiquiGrow (Twin State Inc), Benefert BV, Forfarm Soil and Fertilizer Co, Sierra Natural Science Inc, Nordox, SQM SA, Compo Expert, ICL Group|
|Customization Scope||Free report customization with purchase|
- By Type
- By Production Process
- By Crop Type
- Fruits and Vegetables
- By Application
- By Geography
- North America
- South America
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. LIQUID FERTILIZER MARKET ANALYSIS, BY TYPE
6. LIQUID FERTILIZER MARKET ANALYSIS, BY PRODUCTION PROCESS
7. LIQUID FERTILIZER MARKET ANALYSIS, BY CROP TYPE
7.4. Fruits and Vegetables
8. LIQUID FERTILIZER MARKET ANALYSIS, BY APPLICATION
9. LIQUID FERTILIZER MARKET ANALYSIS, BY GEOGRAPHY
9.2. North America
9.3. South America
9.5. Middle East and Africa
9.5.1. Saudi Arabia
9.6. Asia Pacific
9.6.4. South Korea
10. COMPETITIVE ENVIRONMENT AND ANALYSIS
10.1. Major Players and Strategy Analysis
10.2. Emerging Players and Market Lucrativeness
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Vendor Competitiveness Matrix
11. COMPANY PROFILES
11.1. Yara International ASA
11.3. LiquiGrow (Twin State Inc)
11.4. Benefert BV
11.5. Forfarm Soil and Fertilizer Co
11.6. Sierra Natural Science Inc
11.8. SQM SA
11.9. Compo Expert
11.10. ICL Group
Yara International ASA
LiquiGrow (Twin State Inc)
Forfarm Soil and Fertilizer Co
Sierra Natural Science Inc
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