Posted by Global Liquid Fertilizers Market Overview 2023-2028
Liquid fertilizers are a type of plant nutrient solution formulated in a liquid form. They are often directly applied to the soil or sprayed onto the plant leaves in a process known as foliar feeding as compared to solid or granular fertilizers. Liquid fertilizers contain essential nutrients like nitrogen (N), phosphorous (P), and potassium (K), which are vital for plant growth and development and are dissolved in water or a liquid base. They offer precise control over nutrient quantities, ease of application, and rapid absorption, which can lead to immediate effects on plant growth.
The global liquid fertilizers market size reached US$ 14.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.6 Billion by 2028, exhibiting a growth rate (CAGR) of 3.27% during 2023-2028.
Global Liquid Fertilizers Market Trends and Drivers:
The increasing need for higher crop yields to feed a growing population represents one of the primary factors driving the demand for efficient fertilization methods, including liquid fertilizers around the world. Moreover, the rising adoption of precision agriculture techniques, which require accurate nutrient application, is favoring the growth of the market. In addition, the growing knowledge and awareness among farmers about the benefits of liquid fertilizers is influencing the market positively. Apart from this, the increasing use of liquid fertilizers in situations where a quick nutrient boost is required or where the nutrient requirements of plants are very specific is strengthening the growth of the market.
Global Liquid Fertilizers Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: AgroLiquid, COMPO Expert GmbH (Grupa Azoty S.A.), Haifa Group, ICL Group Ltd., K+S Aktiengesellschaft, Kugler Company, Nutrien Ltd., Nutri-Tech Solutions Pty Ltd., Plant Food Company Inc., Tessenderlo Group and Yara International ASA.
The report segmented the market on the basis of region, type, production process, crop and mode of application.
Breakup by Type:
- Nitrogen
- Phosphorous
- Potash
- Micronutrients
Breakup by Production Process:
- Organic
- Synthetic
Breakup by Crop:
- Grains and Cereals
- Fruits and Vegetables
- Oilseeds and Pulses
- Others
Breakup by Mode of Application:
- Soil
- Fertigation
- Foliar
- Others
Breakup By Regions:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.