NEW
YORK, June 24, 2024 /PRNewswire/ -- The
global liquid fertilizer market size is estimated to grow
by USD 2.35 billion from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of 3.57% during the forecast period.
Increasing demand for nitrogen-based fertilizers is driving
market growth, with a trend towards increasing demand for
high-efficiency fertilizers. However, stringent regulations on
handling, storage, and transportation of liquid fertilizers
poses a challenge. Key market players include AgroLiquid,
Agrotiger Philippines Corp., EuroChem Group AG, Grupa Azoty SA,
Haifa Negev technologies Ltd., Indian Farmers Fertiliser
Cooperative Ltd., Israel Chemicals Ltd., KS Aktiengesellschaft,
Kugler Co., Nutri Tech Solutions Pty Ltd., Nutrien Ltd., OCP Group,
Plant Food Co. Inc., Plant Fuel Nutrients LLC, Polski Koncern
Naftowy ORLEN SA, RLF AgTech, SQM S.A., Tessenderlo Group NV, Twin
State Inc., and Yara International ASA.
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Liquid Fertilizer
Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
3.57%
|
Market growth
2024-2028
|
USD 2350.2
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
3.29
|
Regional
analysis
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 50%
|
Key
countries
|
China, US, India,
Germany, and France
|
Key companies
profiled
|
AgroLiquid, Agrotiger
Philippines Corp., EuroChem Group AG, Grupa Azoty SA, Haifa Negev
technologies Ltd., Indian Farmers Fertiliser Cooperative Ltd.,
Israel Chemicals Ltd., KS Aktiengesellschaft, Kugler Co., Nutri
Tech Solutions Pty Ltd., Nutrien Ltd., OCP Group, Plant Food Co.
Inc., Plant Fuel Nutrients LLC, Polski Koncern Naftowy ORLEN SA,
RLF AgTech, SQM S.A., Tessenderlo Group NV, Twin State Inc., and
Yara International ASA
|
Market Driver
The global liquid fertilizer market is experiencing significant
growth due to increasing agricultural output and the rising demand
for food production. Approximately 60% of the world's population
relies on agriculture, and vendors like Yara and K+S are focusing
on technological advancements to meet this demand. Efficient,
eco-friendly, and sustainable production methods are being adopted
to maximize yield and address micronutrient needs. The demand for
vegetables and fruits, which is expected to grow at a high rate, is
driving the need for high-efficiency fertilizers. Government
subsidies and research and development activities are also
contributing to market growth.
The Liquid Fertilizer Market is experiencing significant growth
due to the increasing demand for efficient and easy-to-apply
fertilizers. Fertilizers like Urea, Nitrogen, Micronutrients, and
Organic Fertilizers are commonly used in modern agriculture. Trends
include the use of Foliar Fertilizers for faster absorption and the
application of Controlled-Release Fertilizers for extended nutrient
supply. The use of Liquid Fertilizers in Horticulture and Turf
Management is also on the rise. The market for Liquid Fertilizers
is expected to continue growing due to the need to increase crop
yields and improve soil health. The use of Sustainable and
Eco-friendly Liquid Fertilizers is also gaining popularity. The
market for Liquid Fertilizers is a dynamic one, with new
technologies and products constantly being introduced.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
• The liquid
fertilizer market faces regulations due to the hazardous nature of
handling ammonium nitrate fertilizers. OSHA and EPA have set
guidelines for manufacturers, suppliers, and distributors to ensure
safe handling, storage, and transportation. Ammonium nitrate, which
can decompose and release toxic gases, requires adherence to these
regulations to prevent health and environmental issues. Major
regulatory bodies such as ATF also have separation distance
requirements for storage near explosives. These stringent
regulations pose challenges for the consumption of liquid
fertilizers in the global market.
• The Liquid
Fertilizer Market faces several challenges in its growth. One major
challenge is the increasing cost of raw materials, such as
nitrogen, phosphorus, and potassium. Another challenge is the
regulation of liquid fertilizer production and distribution, which
can vary greatly from country to country. Additionally, the market
must address the issue of sustainability and environmental impact.
The use of vegetableable oils as raw materials for liquid
fertilizer production is a growing trend, but it can be costly and
complex. Furthermore, the market must find ways to reduce the
carbon footprint of liquid fertilizer production and
transportation. Lastly, the market must adapt to changing consumer
preferences and demands, such as the increasing popularity of
organic farming and the need for more precise and efficient
fertilizer application.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This liquid fertilizer market report extensively covers market
segmentation by
- Application
- 1.1 Cereals and grains
- 1.2 Oilseeds and pulses
- 1.3 Fruits and vegetables
- Type
- 2.1 Nitrogen
- 2.2 Phosphate
- 2.3 Potassium
- 2.4 Micronutrients
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Cereals and grains- The cereals and grains
segment is currently the largest application segment in the global
liquid fertilizer market. According to the Organization for
Economic Co-operation and Development (OECD), production of cereals
is projected to increase by 336 Mt
over the next decade, with India,
Russia, and Ukraine leading the way in wheat output
growth, and the US, China, and
Brazil contributing significantly
to maize output expansion. Other coarse grains are anticipated to
see increased production from Russia, Ukraine, Ethiopia, and India, while rice production is expected to
rise in India, China, and Thailand. However, the ongoing Russia-Ukraine conflict may negatively impact this
segment.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
The Turf & Ornamental and Horticultural crops sector relies
heavily on Liquid Fertilizers to ensure optimal growth and
productivity. These fertilizers play a crucial role in mitigating
issues such as micronutrient deficiency and toxicity, which can
negatively impact plant foliage and the quality of fruits like
tomatoes, potatoes, onions, cabbage, and cauliflower. The
consumption of Liquid Fertilizers in metric tons is worth the
investment for farmers, particularly those specializing in
high-value crops. Irrigation systems, including sprinklers,
facilitate the efficient application of these fertilizers, reducing
environmental pollution from water pollution caused by runoff.
Liquid Fertilizers in an absorbable form ensure the effective
uptake of essential nutrients by the crops, contributing to their
overall health and yield.
Market Research Overview
The Liquid Fertilizer Market encompasses a wide range of
nutrient solutions essential for crop growth. These solutions are
derived from various sources, including natural and synthetic
materials. The market's growth is driven by factors such as
increasing agricultural productivity, the shift towards sustainable
farming practices, and the rising demand for high-yield crops.
Liquid fertilizers offer several advantages over traditional solid
fertilizers, including easier application, improved nutrient
uptake, and reduced environmental impact. The market is segmented
based on type, application, and region. Types include nitrogenous,
phosphatic, potassic, and complex fertilizers. Applications include
arable crops, horticulture, and turf & ornamentals. Regions
include North America,
Europe, Asia-Pacific, and the rest of the world. The
future of the liquid fertilizer market looks promising, with
continued innovation and the development of new technologies
expected to drive growth.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Cereals And Grains
- Oilseeds And Pulses
- Fruits And Vegetables
- Type
-
- Nitrogen
- Phosphate
- Potassium
- Micronutrients
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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