Liquid Fertilizers Market Size, Share, Growth Analysis, Report 2023-2028

Global Liquid Fertilizers Market Overview 2023-2028

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.

Liquid fertilizers are nutrient solutions designed to promote plant growth, improve soil fertility, and increase crop yield. They are manufactured by dissolving essential nutrients in water like nitrogen, phosphorus, and potassium, along with micronutrients, such as zinc and manganese. They come in various forms, including synthetic and organic formulations and foliar-applied or soil-applied solutions. They facilitate precise application, enabling farmers to maintain proper nutrient levels easily, unlike traditional solid fertilizers. They allow immediate nutrient uptake by plants due to their high absorption rate. They are favored for their ease of use, rapid action, and suitability for customized nutrient delivery. They reduce labor costs and nutrient waste and facilitate higher crop yields. They are highly versatile and suitable for use in diverse agricultural settings, such as traditional open fields, greenhouses, and advanced hydroponic farming systems.

Global Liquid Fertilizers Market Trends and Drivers:

The rising demand for high-efficiency fertilizers that offer quick nutrient uptake represents one of the major factors impelling the growth of the market. Additionally, the increasing integration of stringent regulations about the use of fertilizers to prevent soil and water pollution is encouraging farmers to adopt organic liquid fertilizers with low-to-zero levels of harmful chemicals. Besides this, the advent of controlled-release liquid fertilizers, allowing nutrients to be slowly released into the soil as needed, is supporting the growth of the market. Moreover, the growing trend toward smart farming and the development of tech-compatible liquid fertilizers is positively influencing the market. In addition, the increasing investment in agricultural research to create novel and improved formulations of liquid fertilizers that address specific crop needs and soil conditions is propelling the market growth. Furthermore, the rising demand for fertilizers that can quickly restore soil nutrient levels in extreme weather conditions like droughts and floods is strengthening the growth of the market. Apart from this, the growing number of e-commerce platforms dedicated to farming supplies, making liquid fertilizers more accessible to farmers in remote areas, is offering a favorable market outlook.

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.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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