Product Code: GVR-4-68040-187-1
Liquid Fertilizers Market Growth & Trends:
The global liquid fertilizers market size is expected to reach USD 3.41 billion by 2030, as per the new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.4% from 2024 to 2030. The demand for liquid fertilizers is rising due to the increasing use of effective fertilizers and fertigation methods.
The liquid fertilizers help minimize nutrient wastage and enhance crop yield and quality by maximizing nutrient absorption. Moreover, liquid fertilizers are easy to apply and can be used in various ways, such as foliar spraying, and fertigation. This versatility saves time and reduces labor costs. The demand for high-quality crops is increasing due to the rising global population and changing dietary preferences. Liquid fertilizers are crucial in meeting this demand by promoting healthier plant growth and improving yield potential. Additionally, liquid fertilizers can be formulated to minimize environmental impact, reducing the risk of nutrient runoff and groundwater contamination.
Liquid fertilizers have become increasingly popular due to their advantages. One of the primary benefits of using liquid fertilizers is that they are easier to mix and are generally better absorbed by the crop. The ease of using and applying liquid fertilizers is the primary factor driving industry growth. They are simple to handle and apply, requiring less labor since pumps are used for movement. Another advantage of liquid fertilizers is that some pesticides can be infused into the fluid, reducing the number of trips across the field.
This is mainly due to the ongoing conflict between Russia and Ukraine. These high prices are expected to continue through 2022 and beyond. These elevated prices may have implications for crop production in 2022 and 2023. The conflict between Russia and Ukraine has worsened the already limited fertilizer supply situation and triggered restrictions on imports and exports, further compounding the shortage concerns. Russia has imposed restrictions on exports of nitrogen, phosphate, and potash fertilizers until June 2022, which will reduce the worldwide supply by almost 15%.
Liquid Fertilizer Market Report Highlights:
- Nitrogen dominated the market with a revenue share of 52.4% in 2023. Nitrogen is an essential nutrient that plays a crucial role in promoting healthy plant growth. It is a fundamental component of amino acids, proteins, and chlorophyll, vital for plant development and photosynthesis
- Cereal and Grains dominated the market with a revenue share of 38.7% in 2023. Grains and cereals are essential components of the global food supply and are consumed by billions of people worldwide. Due to the increasing population, the demand for these crops consistently remains high, making nutrient management critical to achieving optimal yields
- Foliar method of application dominated the market with a revenue share of 68.7% in 2023. The growth of the foliar spray market is the increasing demand for such sprays in the horticulture industry. Foliar applications are beneficial in providing micronutrients quickly to correct severe deficiencies that often occur during the early stages of growth
- The Asia Pacific region dominated the market with a revenue share of more than 45.6% in 2023. The Asia Pacific region is home to a significant proportion of the world's population. This has led to a high demand for agricultural products to meet the food requirements of densely populated countries in the region. As a result, there is a continuous need to enhance crop productivity and yield
- The presence of many manufacturers has led to high competition in the market. Companies have been involved in research for developing technologies for large-scale product production
- In July 2021, ICL launched water-soluble micronutrient and N-P-K fertilizers in North America. The South American Plant Nutrition business is Brazil's leading specialty plant nutrition business. It offers various plant nutrition and stimulation solutions, covering all key Brazilian crops. With the addition of the South American Plant Nutrition business to its portfolio, ICL can provide its customers with the broadest and most advanced range of plant nutrition products, covering the entire agricultural value chain. With eight production sites and a sizable sales force providing full commercial coverage for all agricultural regions in Brazil, this business, along with ICL's existing operations in Brazil, will leverage a well-established asset base
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definition
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 GVR's Internal Database
- 1.4 Information analysis
- 1.5 Market formulation & data visualization
- 1.6 Data validation & publishing
- 1.6.1 Research scope and assumptions
- 1.6.2 List to Data Sources
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Liquid Fertilizers: Market Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Global Parent Market Outlook
- 3.2 Industry Value Chain Analysis
- 3.3 Raw Material Trends
- 3.4 Manufacturing/Technology Trends
- 3.5 Sales Channel Analysis
- 3.6 List of Raw Material Suppliers
- 3.7 List of Potential End-Users
- 3.8 Pricing Analysis, 2018 - 2030 USD/Kg
- 3.9 Regulatory Framework (Standards, Compliance, Approvals, and Policies)
- 3.10 Market Dynamics
- 3.10.1 Market Driver Analysis
- 3.10.2 Market Restraint Analysis
- 3.10.3 Market challenge Analysis
- 3.10.4 Market Opportunities Analysis
- 3.11 Industry Analysis Tools
- 3.11.1 PORTERs Analysis
- 3.11.2 Macroeconomic Analysis- PESTLE Analysis
Chapter 4 Liquid Fertilizers Market: Product Estimates & Trend Analysis
- 4.1 Product Movement Analysis & Market Share, 2023 & 2030
- 4.1.1 Nitrogen
- 4.1.2 Potassium
- 4.1.3 Phosphorous
- 4.1.4 Others
Chapter 5 Liquid Fertilizers Market: Application Estimates & Trend Analysis
- 5.1 Application Movement Analysis & Market Share, 2023 & 2030
- 5.1.1 Oilseeds & Pulses
- 5.1.2 Fruits & Vegetables
- 5.1.3 Cereals & Grains
- 5.1.4 Other corps
Chapter 6 Liquid Fertilizers Market: Method of Application Estimates & Trend Analysis
- 6.1 Method of Application Movement Analysis & Market Share, 2023 & 2030
- 6.1.1 Foliar
- 6.1.2 Fertigation
Chapter 7 Liquid Fertilizers Market: Regional Estimates & Trend Analysis
- 7.1 Liquid Fertilizers Market: Regional Outlook
- 7.2 North America
- 7.2.1 North America Liquid Fertilizers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.2.2 U.S.
- 7.2.2.1 Key country dynamics
- 7.2.2.2 U.S. Liquid Fertilizers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.2.3 Canada
- 7.2.3.1 Key country dynamics
- 7.2.3.2 Canada Liquid Fertilizers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.2.4 Mexico
- 7.2.4.1 Key country dynamics
- 7.2.4.2 Mexico Liquid Fertilizers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.3 Europe
- 7.3.1 Europe Liquid Fertilizers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.3.2 Germany
- 7.3.2.1 Key country dynamics
- 7.3.2.2 Germany Liquid Fertilizers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.3.3 UK
- 7.3.3.1 Key country dynamics
- 7.3.3.2 UK Liquid Fertilizers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.3.4 France
- 7.3.4.1 Key country dynamics
- 7.3.4.2 France Liquid Fertilizers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.3.5 Italy
- 7.3.5.1 Key country dynamics
- 7.3.5.2 Italy Liquid Fertilizers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.3.6 Spain
- 7.3.6.1 Key country dynamics
- 7.3.6.2 Spain Liquid Fertilizers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.3.7 Russia
- 7.3.7.1 Key country dynamics
- 7.3.7.2 Russia Liquid Fertilizers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.3.8 Norway
- 7.3.8.1 Key country dynamics
- 7.3.8.2 Norway Liquid Fertilizers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4 Asia Pacific
- 7.4.1 Asia Pacific Liquid Fertilizers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4.2 China
- 7.4.2.1 Key country dynamics
- 7.4.2.2 China Liquid Fertilizers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4.3 India
- 7.4.3.1 Key country dynamics
- 7.4.3.2 India Liquid Fertilizers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4.4 Japan
- 7.4.4.1 Key country dynamics
- 7.4.4.2 Japan Liquid Fertilizers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4.5 South Korea
- 7.4.5.1 Key country dynamics
- 7.4.5.2 South Korea Liquid Fertilizers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4.6 Australia
- 7.4.6.1 Key country dynamics
- 7.4.6.2 Australia Liquid Fertilizers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4.7 Thailand
- 7.4.7.1 Key country dynamics
- 7.4.7.2 Thailand Liquid Fertilizers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.5 Central & South America
- 7.5.1 Central & South America Liquid Fertilizers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.5.2 Brazil
- 7.5.2.1 Key country dynamics
- 7.5.2.2 Brazil Liquid Fertilizers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.5.3 Argentina
- 7.5.3.1 Key country dynamics
- 7.5.3.2 Argentina Liquid Fertilizers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.6 Middle East & Africa
- 7.6.1 Middle East & Africa Liquid Fertilizers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.6.2 South Africa
- 7.6.2.1 Key country dynamics
- 7.6.2.2 South Africa Liquid Fertilizers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.6.3 Saudi Arabia
- 7.6.3.1 Key country dynamics
- 7.6.3.2 Saudi Arabia Liquid Fertilizers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Chapter 8 Competitive Landscape
- 8.1 Recent Developments & Impact Analysis, By Key Market Participants
- 8.2 Company Categorization
- 8.3 Company Market Positioning Analysis 2022
- 8.4 Company Heat Map Analysis
- 8.5 Strategy Mapping
- 8.6 Company Listing (Business Overview, Financial Performance, Product Benchmarking)
- 8.6.1 CSBP
- 8.6.2 Nutrien Ltd.
- 8.6.3 BMS Micro-Nutrients NV
- 8.6.4 Compo Expert
- 8.6.5 ICL
- 8.6.6 IFFCO
- 8.6.7 Yara International ASA
- 8.6.8 AgroLiquid
- 8.6.9 FoxFarm Soil & Fertilizer Co
- 8.6.10 Nutri-Tech Solutions Pty Ltd
- 8.6.11 EuroChem Group
- 8.6.12 K+S Aktiengesellschaft