The Global Liquid Fertilizers Market size was accounted for USD 14,556 Million in 2021 and is expected to reach the value of USD 19,873 Million by 2030, at a CAGR of 3.7% from 2022 to 2030.
The liquid fertilizers market revenue is rapidly generating on account of the increased demand for enhanced high-efficiency fertilizers. In addition to that, some of the trends in the liquid fertilizers market include the surging demand for organic fertilizers and rapid growth in greenhouse vegetable production.
Liquid fertilizers are inorganic substances that are manufactured industrially and applied to the soil in a liquid state. Liquid fertilizers are offered as a substitute for fixed fertilizers. The use of liquid fertilizers has increased in recent years due to a variety of benefits. Because they are already dissolved, they can be easily mixed and applied, and they are generally easier for plants to absorb. Liquid fertilizers provide numerous benefits to growers all over the world, which is why they are increasingly being used in crops. Liquid fertilizers are frequently more miscible and absorbable by plants. Because liquid fertilizers do not have to dissolve first, they have a larger contact surface than solid fertilizers.
Liquid Fertilizers Market Dynamics
Market Growth Drivers:
|Liquid Fertilizers Market
|Market Size 2021
|USD 14,556 Million
|Market Forecast 2030
|USD 19,873 Million
|CAGR During 2022 - 2030
|2018 - 2030
|2022 - 2030
|By Crop Type, By Type, By Production Process, By Application, And By Geography
|North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
|Key Companies Profiled
|AgroLiquid, Agrium Incorporated, Compo Expert GmbH, Israel Chemical Ltd. (ICL), Haifa Chemicals Ltd., K+S AG, Nutrien, Ltd., Rural Liquid Fertilizers (RLF), Kugler Company, Yara International ASA.
|Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
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In recent years, liquid fertilizers have grown in popularity. There are advantages to using liquid fertilizers. Liquid fertilizers, for example, are simple to mix and, in general, are better absorbed by the crop. The primary factor driving industry growth is the ease of use and application of liquid fertilizers. Liquid fertilizers are simple to handle and apply. Pumps are used for movement, and they generally require less labor to handle. Some pesticides can be infused into the fluid, reducing the number of trips across the field.
Another factor boosting the market is the rapid surge in greenhouse vegetable production. This could be witnessed as the greenhouse requires a small land area for production. Greenhouse ensures higher crop yield and improved quality of vegetables. It employs an efficient use of resources like water and nutrients. Furthermore, greenhouse farming can last longer and it is highly profitable. This type of farming has gained significant traction in developed nations. Thus, the widespread use of greenhouse farming has created numerous growth prospects for liquid fertilizers market share.
Lack of knowledge about the optimum use of liquid fertilizers may hamper the market growth as excess or low spraying of fertilizers may negatively affect the plant growth. For example, making the best use of chemical fertilizers is a low-cost way to increase crop yield. Nonetheless, overuse of chemical fertilizers decays the soil by disrupting the acidity of the soil that is harmful to the crop and the environment. Our liquid fertilizer industry analysis also witnessed that the high handling cost of these fertilizers is also expected to limit the market growth.
Furthermore, the surging demand for organic liquid fertilizers that are environmental-friendly and the rising inclination towards precision farming are likely to generate significant impetus throughout the forecast timeframe from 2022 to 2030.
The global liquid fertilizers market segmentation is based on crop type, type, production process, application, and region.
Market by Crop Type
Based on crop type, the grains and cereals segment accounted for a significant liquid fertilizers market value in 2021 and is expected to do so again in the forecasted years 2022– 2030. However, the fruits and vegetable segment is expected to grow at the fastest rate during the forecast period of 2022 to 2030. Increased demand for fruits and vegetables due to their health benefits has resulted in rapid growth in fruit and vegetable farming. This factor is anticipated to witness a huge demand for liquid fertilizers for fruits and vegetables. Furthermore, rising exports of fruits and vegetables have increased in crop plantation areas, eventually raising production levels.
Market by Type
The nitrogen segment generated significant revenue during the projected years based on the type. In the United States, up to 50% of nitrogenous fertilizers and 10% of complex fertilizers are applied as liquids. In Czechoslovakia, Denmark, and other countries, nitrogen liquid fertilizers are used, while complex liquid fertilizers are used in France, the United Kingdom, and Canada. Nitrogen liquid fertilizers are significantly less expensive than solid nitrogen fertilizers, and they require less labor to apply. Nitrogen solutions are also popular for grasses and small grains. Thus, the demand for nitrogen liquid fertilizers is likely to surge rapidly in the coming years.
Market by Production Process
The organic segment has the highest market share and is expected to grow at a rapid CAGR throughout the forecasted years. Organic fertilizers are made from excreta, animal waste, and vegetable waste (like crop residue). These eco-friendly fertilizers not only provide nutrients to the plant, but they also help to develop and maintain a diversified soil ecosystem of earthworms and other micro-organisms; unlike synthetic fertilizers, they have a low environmental impact.
Market by Application
According to our analysis, the fertigation segment will account for the largest share of the liquid fertilizers industry in 2021. Fertigation allows plants to receive nutrients in a controlled and timely manner. Fertigation is most widely used in horticulture, extensive agriculture, and landscaping due to the ease of use and increased reliability of the dispenser unit. The segment is also expected to grow at a rapid pace between the years 2022 and 2030. Fertigation is also used in row crop fields, horticultural crop fields, fruit crop fields, vegetable crop fields, and ornamental & flowering crop fields. The fertigation segment is being propelled by a shift in farming practices toward advanced methods that include both fertilizer and water application techniques.
Liquid Fertilizers Market Regional Outlook
The Middle East & Africa (MEA)
The rapid growth in agricultural activities in countries like China and India fuels the Asia-Pacific liquid fertilizers market
According to regional analysis, the Asia-Pacific region is expected to register the fastest growth in worldwide liquid fertilizers market from 2022 to 2030. This expansion is primarily due to the presence of major fertilizer consumers in this region. According to the World Fertilizer estimates, more than 60% of urea consumed in China is used as a fertilizer for cereals and oilseed crops such as soybean, rapeseed, corn, and others. North America, on the other hand, is expected to hold a considerable share of the global market for liquid fertilizers. The presence of major area under sprinkler irrigation throughout the region is anticipated to drive the liquid fertilizers market. The region's sales of liquid fertilizers are projected to drive by the quest for efficient agri-inputs for crop production, as well as growing concerns about the residues of traditional agri-inputs.
Liquid Fertilizers Market Players
Some of the top liquid fertilizers companies offered in the professional report include AgroLiquid, Agrium Incorporated, Compo Expert GmbH, Israel Chemical Ltd. (ICL), Haifa Chemicals Ltd., K+S AG, Nutrien, Ltd., Rural Liquid Fertilizers (RLF), Kugler Company, Yara International ASA.
The global liquid fertilizers market size in 2021 was accounted to be USD14,556 Million.
The projected CAGR of liquid fertilizers market during the analysis period of 2022 to 2030is 3.7%.
The prominent players of the global liquid fertilizers market involve Agro Liquid, Agrium Incorporated, Compo Expert GmbH, Israel Chemical Ltd. (ICL), Haifa Chemicals Ltd., K+S AG, Nutrien, Ltd., Rural Liquid Fertilizers (RLF), Kugler Company, Yara International ASA.
Asia-Pacific held the dominating share for liquid fertilizers during the analysis period of 2022 to 2030.
Asia-Pacific region exhibited fastest growing CAGR for liquid fertilizers during the analysis period of 2022 to 2030.
Ease of use and application of liquid fertilizers, increasing demand for enhanced high-efficiency fertilizers, and rapid growth in greenhouse vegetable production drives the growth of global liquid fertilizers market.
Based on crop type, grains & cereals segment held the maximum share for liquid fertilizers market in 2021.