Organic farming is growing at a rapid pace in the agriculture industry. The organic liquid fertilizer proves to be beneficial as it provides broad and quick effects to crops by acting as a catalyst that enhances plant nutrient intake. Liquid fertilizers is a reliable source of nutrients for various crops such as organic fruits and vegetables, cereals and grains and other food crops. Production of liquid fertilizer does not involves the use of chemicals, thus leading to reduced risk of soil contamination. In addition, liquid fertilizers can be mixed with water and are easily applied through the irrigation system as well as sprayed on the forage. This ease of using factor is contributing to the growth of liquid fertilizers market.
Growing need for high-efficiency fertilizers leading to improved crop yields, ease of application of these fertilizers on fields, adoption of precision farming, are some of the major driving factors for the market. In addition, growing use of liquid fertilizers so as to recover the soil fertility and increased crop production per unit of arable area is a significant factor leading to market growth. Currently, liquid fertilizers are witnessing surging demand as an alternative to inorganic fertilizers. It enhances the soil fertility by restoring the nutrients of degraded soil owing to the presence of macro and micro nutrients essential for the growth of vegetable crop. Growing demand for liquid fertilizers due to rising need for increased agricultural output to cater to the global food requirements is another key aspect leading to market growth.
Global liquid fertilizer market is segmented by type into nitrogen, phosphorus, potash and micronutrients. Nitrogen segment witnessed major market potential in 2017, as nitrogen fertilizers such as UAN/CAN (urea ammonium nitrate and calcium ammonium nitrate) acts as an excellent top dressing fertilizers. Also, the presence of calcium/ammonium content and organic material increase the utilization grade of nitrogen in crops leading to improved cereal production and irrigated cultivation of plant. Also, nitrogen being a key nutrient to overall plant health and fundamental component of enzymes, provides essential plant and leaf growth lead to improved seed and fruit production.
Based on the mode of application, the market is categorized into soil, foliar, fertigation and others (aerial and starter solutions). Foliar mode of application is witnessing significant growth as it neutralizes soil by increased rate of nutrient absorption as compared to other methods of application.
Based on production process, organic segment dominated the overall market in 2017. Rising demand for organic food across the globe owing to increasing health concerns is one of the prominent factor for the market development. Adoption of sustainable agricultural practices by the farmers due to mitigate the environmental concerns by the use of synthetic fertilizers is another factor fueling the overall market.
Fruits and vegetables segment is estimated to grow at a rapid pace over the forecast period. Consumers tend to expect quality in various fruits and vegetables such that they look perfect and taste good. This compels farmers to grow crops that are pest and disease free along with high content of minerals and complex sugars which in turn surges the growth of global liquid fertilizers market.
In 2017, globally, Asia Pacific market is expected to surge rapidly during the forecast period owing to mass governmental support to enhance the overall agricultural production in order to meet the rising food demands occurring due to population explosion. Availability of limited arable land majorly in regions of Sub Saharan Africa, South East Asia, etc., has further led to increase in demand for liquid fertilizers in the regions of Africa and Asia Pacific.
Global Liquid Fertilizer Market is segmented as below:
- By Type
- By Mode of Application
- Others (Aerial and Starter Solutions)
- By Production Process
- By Crop Type
- Oilseeds and Pulses
- Fruits and Vegetables
- Grains and Cereals
- Others (Plantation and Cash Crops)
- By Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Latin America
- Rest of Latin America
- Middle-East & Africa (MEA)
Key players across the Liquid Fertilizer Market value chain are:
Agrium Inc., Agroliquid, Compo Expert GmbH, Haifa Chemicals Ltd., Israel Chemical Ltd. (ICL), K+S Aktiengesellschaft, Kugler Company, Plant Food Company, Inc., Sociedad Química Y Minera De Chile (SQM), and Yara International ASA.
This report offers:
- Assessment of liquid fertilizer market trends for the period 2016-2026
- Historical (past) information for 2016 & 2017 and projections with CAGRs from 2018 to 2026 considering 2017 as base year for the market
- Market drivers, restraints, future prospects and competitive analysis (market positioning) of key market players
- Overview of the liquid fertilizer industry value chain
- Company profiling with major information about the key players operating in liquid fertilizer market
- Estimation of market size in terms of value and volume