Liquid Fertilizers Market Analysis - Global Industry Size, Share, Trends and Forecast 2022 - 2030

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:

• Ease of use and application of liquid fertilizers
• Increasing demand for enhanced high-efficiency fertilizers
• Rising environmental concerns
• Rapid growth in greenhouse vegetable production

Market Restraints:

• Lack of awareness about the optimum use of fertilizers
• High handling costs

Market Opportunities:

• Increasing adoption of organic liquid fertilizers
• Growing inclination towards precision agriculture

Report Coverage

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.

Market Segmentation

The global liquid fertilizers market segmentation is based on crop type, type, production process, application, and region.

Market by Crop Type

• Oilseeds & Pulses
• Fruits & Vegetables
• Cereals & Grains
• Others

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

• Nitrogen
• Phosphorous
• Micronutrients
• Potash

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

• Organic
• Inorganic

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

• Foliar
• Fertigation
• Soil
• Others

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

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Latin America

• Mexico
• Brazil
• Rest of Latin America

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

The Middle East & Africa (MEA)

• Gulf Cooperation Council (GCC)
• South Africa
• Rest of the Middle East & Africa