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The global Liquid Fertilizers market was valued at USD 2.61 Billion in 2023 and growing at a CAGR of 4.51% from 2023 to 2032. The market is expected to reach USD 4.06 Billion by 2033. This growth is attributed to liquid fertilizers. It is considered the most effective way of delivering the needed nutrients to plants in the required concentration at the right time. This market is growing as there is demand to increase the crop yield to feed the expanding population. There is also a growing need for high-efficiency organic fertilizers, and farmers are looking to adopt sustainable practices. Moreover, liquid fertilizers also provide easy use and application. It provides better absorption of nutrients and is considered efficient compared to traditional solid fertilizers. Also, the growing demand for high-quality and nutrient-rich food products is one of the factors driving the liquid fertilizer market.
Fertilizers account for significant expenses in farming; hence, finding suitable and efficient fertilizers is crucial. Liquid fertilizers help plants get all the important nutrients. Many farmers use liquid fertilizers to get immediate and fast root growth in the season. Organic liquid fertilizers use naturally occurring materials like green waste and food water. These are non-hazardous to animals and humans. Moreover, it boosts the nutrient content of the soil, which eventually improves the soil quality, and hence, it eventually boosts the market's growth. Also, there is a growing demand for higher agricultural productivity and the requirement for efficient nutrient management. There is also a surge in the adoption of precision farming techniques. These liquid fertilizers provide advantages like easy application, decreased environmental impact, and better nutrient absorption. There is a surge in the population, resulting in growing food demand, eventually creating the demand for liquid fertilizers. The leading organizations are focusing on making organic liquid fertilizers and the growing use of advanced technologies such as biostimulants. Liquid fertilizer demand is growing due to the growing trend of organic farming worldwide to cater for the surge in the demand for organic food products. There are several applications of liquid fertilizers based on land size. Procedures like spraying and misting are used to cover areas. The hose sprayers and the backpacks are broadly used for smaller land areas. Liquid fertilizers offer advantages like easy handling, application and blending; they also easily seep into the soil and spread more uniformly. Hence, it provides the field with an even consistency based on coating to ensure the plant gets the same amount of nutrients regardless of location. These fertilizers prevent the loss of plant nutrients. All these factors are driving the liquid fertilizer market.
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The growing trend of precision farming– The precision agriculture trend is evolving and expanding with technological advancements like sensors, autonomous vehicles, drones, data management, and analysis tools. Precision technologies are broadly being used by farmers worldwide to improve the efficiency, sustainability and productivity of operations. Adopting precision agriculture and modern farming decreases wastage and production costs. Also, it leads to the growing use of liquid fertilizers, which easily soak into the soil and spread more uniformly. Precision agriculture uses all the advanced tools like crop management software and technical equipment. All of these factors are eventually driving the liquid fertilizer market.
High Price – The high price of the liquid fertilizer is leading to a high cost of production for agriculture. Also, there is fluctuation in the price of raw materials, which is acting as a hindrance to market growth. Moreover, these liquid fertilizers do not last for long as they can be easily washed out with water, and they should be reapplied more than the granular fertilizers, which require more capital. All these factors are acting as restraints for the market.
The surge in the population– Based on one of the studies, the global population is estimated to reach around 9.7 billion by 2050, so food production must be double the present level to meet the requirements in the future. The growing use of precision agriculture, which uses advanced analytical capabilities and evolving IoT abilities such as drones, etc., will help increase farming production. Also, the surge in disposable income in the emerging economies has led to the growing demand for food. Based on one of the studies, the food demand is anticipated to increase by 59% to 98% by 2050. Hence, there is a requirement to increase the production of crops; this can be done by either increasing the volume of agricultural land or by improving the productivity of the existing agricultural land using proper fertilizers like liquid fertilizers and irrigation along with advanced farming techniques. All these factors will eventually drive the Liquid Fertilizers market in the forecasting period.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia Pacific emerged as the largest market for the global Liquid Fertilizers market, with a 43.89 % share of the market revenue in 2023. This market share is attributed to the growing adoption of modern farming technology and broad agro-climatic zones in the region. There is a growing advancement of automated irrigation systems; hence, the demand for liquid fertilizers is growing in the region. There is more focus on soil productivity in the region, which fuels the growth of the liquid fertilizers market.
Asia Pacific Region Liquid Fertilizers Market Share in 2023 - 43.89%
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The production process segment is divided into organic and synthetic. The synthetic segment dominated the market, with a market share of around 92.33% in 2023. This high market share is attributed to its lower price than organic liquid fertilizers. Liquid fertilizers can be applied easily and start showing results quickly. These can be used more frequently than dry granules as the latter dissolves slowly and thus releases new nutrients in more time.
The product segment is divided into nitrogen, potassium, phosphorous and others. The nitrogen segment dominated the market, with a market share of around 55.32% in 2023. This market share is attributed to the significant use of nitrogen in the agriculture sector to build amino acids, which improves the biochemical processes for supporting plant growth. Nitrogen fertilizers are also broadly used to overcome the shortage of nutrients in the soil. Liquid fertilizers are used to balance the pH of the soil based on the delivery of their chemicals.
The application segment is divided into fruits & vegetables, oilseeds & pulses, cereals & grains and others. The cereals & grains segment dominated the market, with a market share of around 40.05% in 2023. This market share is attributed to the growing consumption of liquid fertilizers for cereal and grain cultivation, especially in North American and Asian countries. In the cereal sector, these fertilizers are broadly used to enhance the production and quality of crops, which helps in the healthy growth of grains such as corn, wheat, and rice, among others.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2023 | USD 2.61 Billion |
| Market size value in 2033 | USD 4.06 Billion |
| CAGR (2024 to 2033) | 4.51% |
| Historical data | 2020-2022 |
| Base Year | 2023 |
| Forecast | 2024-2033 |
| Region | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
| Segments | Production Process, Product and Application |
Asia Pacific region emerged as the largest market for the Liquid Fertilizers.
The market's growth will be influenced by the growing trend of precision farming.
The surge in the population will provide huge opportunities to the market.
Key players are Nutri-Tech Solutions Pty Ltd, FoxFarm Soil & Fertilizer Co, CSBP, ICL, Compo Expert, Nutrien Ltd., BMS Micro-Nutrients NV, EuroChem Group, IFFCO, K+S Aktiengesellschaft, Yara International ASA and AgroLiquid among others.
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global Liquid Fertilizers market based on below mentioned segments:
Global Liquid Fertilizers Market by Production Process:
Global Liquid Fertilizers Market by Product:
Global Liquid Fertilizers Market by Application:
Global Liquid Fertilizers by Region:
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