Liquid Fertilizers Market

Liquid Fertilizers Market is estimated to witness a higher CAGR over the forecast period, primarily because of the growing adoption of sustainable agricultural practices.

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Major Liquid Fertilizers Market Drivers

The key factors driving the global liquid fertilizers market include the increasing adoption of protected agriculture & precision farming among the farmers, ease of use and application of liquid fertilizers, and the rising demand for enhanced high-efficiency fertilizers. Furthermore, the growing environmental concerns to protect and manage eco-friendly farming practices by the growers will propel the demand for the global liquid fertilizers market during the forecast period. Rising adoption of greenhouse vegetable production in a sustainable environment and the increasing promotion of several liquid fertilizers which include nitrogen, phosphorus and potassium usage will augment the growth of the global liquid fertilizers market. The continuous expansion of agriculture industry and rising food demand, the need for liquid-based fertilizers has increased to ensure optimum yield, which stands to be a major factor bolstering the market growth. Increasing demand for organic liquid fertilizers by farmers to minimize environmental damage, pesticides impacts, and improve soil texture is forecast to add to the market. The advent of cost-effective polymer-coated urea (PCU) and urease inhibitors fertilizers to prevent against ammonia by enabling their movement into soil at the time of irrigation will offer lucrative opportunities to the market. Growing use of liquid fertilizers as they are rich in nitrogen, growth hormones, and micronutrients that ensure proper nutrition absorption, uniform application, and boost crop production have augmented the application of liquid fertilizers, has driven the market growth.

However, the high handling cost and lack of awareness about liquid fertilizers application practices among the farmers are the key factors that are hampering the growth of the global liquid fertilizers market.

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Type Segment Analysis

Nitrogen segment is expected to dominate the global liquid fertilizers market during the forecast period owing to the increase in the demand for nitrogen liquid fertilizers to manage macro and microelements requirement for plant growth in the farming practices. Additionally, nitrogen is widely consumed nutrients as compared to other type of liquid fertilizers for plant growth, thereby driving the growth of the nitrogen segment. Moreover, lack of nitrogen in the soil can reduce the yield quality, thus, various agronomists have launched several products to fulfil the nitrogen deficiency, which is expected to bolster the segment growth. With the growing environmental concern, the demand for nitrogenous fertilizers farmers has increased as they are less toxic and do not cause and environmental pollution, fueling the market size.

Crop Type Segment Analysis

Based on crop type, the fruits & vegetables segment is projected to grow at a higher CAGR over the forecast period due to the rising production in the crop plantation area driven by the increasing export of the fruits & vegetables.

Major Compound Segment Analysis

Calcium ammonium nitrate is predicted to hold the largest share in the market over the forthcoming years. The high solubility of calcium ammonium nitrate, ability to protect subsoil waters from pollution by nitrogen compounds and rich nutritional profile is expected to aid in segments growth. Moreover, CAN contains magnesium and calcium that helps to reduce the nitrogen losses and improves the efficiency. All these factors are bolstering the growth of the calcium ammonium nitrate segment.

Mode of Application Segment Analysis

Fertigation mode of application is forecast to grow at a higher CAGR during the forecast period due to the growing opportunities to maximize the crop yield and diminish environmental pollution by means of balanced dosage of fertilizer and water through irrigation in farming practices. Furthermore, the rising adoption of the effective irrigation systems in the agricultural practices will drive the market growth.
On the other hand, foliar application of liquid fertilizers is estimated to hold a higher share over the upcoming years, owing to its ability to effectively supply micronutrients to the plant. Foliar feeding helps to mitigate the issues resulting in nutrient loss in soil, thus, increasing the absorption of nutrients in plants, expanding the market size.

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Regional Analysis

Asia-Pacific is anticipated to lead the market during the forecast period owing to the increasing requirement of the high-quality agricultural produce in the farming practices. The Asian countries are the largest producer of cereals, grains, rice and fruits & vegetables and possess high consumption of rice. Furthermore, the increasing application of a high level of nitrogenous fertilizers per hectare for both short-term and perennial crops in countries such as China, Korea, Vietnam, and Japan, will boost the market growth of the Asia-Pacific region. With the rising cost of traditional fertilizers and growing awareness about their hazardous effects on the environment, the adoption of liquid fertilizers, in cultivation has increased, strengthening the regional growth. Additionally, growing food demand and innovations in the automated irrigation system will further proliferate the market demand across Asia Pacific.

North American liquid fertilizer market is predicted to hold a larger share over the forecast period, due to the huge area under sprinkler irrigation. Growing demand for liquid fertilizers is also attributed to the acidic nature of soil to maintain the pH and avoid leaching losses of nutrients. The growing emphasis for effective agricultural inputs to improve crop yield along with the rising concerns pertaining the residues of traditional agri-inputs have propelled the regional growth.

Key Developments:

• • In 2019, Nutrien, Ltd. acquired Ruralco Holdings Limited in Australia. The acquisition helped to improve the delivery of its products and services to the Australian farmers as well as provide substantial benefits to the stakeholders.
  • In 2019, EuroChem Group expanded its fertilizer production facility by opening a third new fertilizer blending plant in Brazil. The production center had a 27,000 m2 facility at Araguari in Minas Gerais, which was added step in the continued expansion of EuroChem’s subsidiary named as Fertilizantes Tocantins (FTO).
  • In 2018, Yara International ASA acquired Vale Cubatão Fertilizantes, to support the nitrogen production, fertilizer, and industrial sectors in order to maintain company’s position in Brazil.

Segments covered in the Report:

The global liquid fertilizers market has been segmented based on type, mode of application, major compound, crop type and regions. Based on type, the market is segmented nitrogen, phosphorus, potassium and micronutrients. Based on major compound, the market is segmented calcium ammonium nitrate (CAN), urea-ammonium nitrate (UAN), potassium nitrate, diammonium phosphate (DAP), monoammonium phosphate (MAP) and others. Based on crop type, the market is segmented cereals & grains, oilseeds & pulses, fruits & vegetables and others. Based on the cereals & grains crop type, the market is segmented corn, wheat, rice and others. Based on oilseeds & pulses crop type, the market is segmented soybean and others. Based on the mode of application, the market is segmented soil, foliar, fertigation, agricultural fields, hydroponics and others.

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Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Major Compound, By Crop Type, By Mode of Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Nutrien Ltd., Yara International ASA, Israel Chemical Ltd., K+S Aktiengesellschaft, The Mosaic Company, Eurochem Group, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Liquid Fertilizers Market by Type

• • Nitrogen
  • Phosphorus
  • Potassium
  • Micronutrients

Global Liquid Fertilizers Market by Major Compound

• • Calcium Ammonium Nitrate (CAN)
  • Urea-Ammonium Nitrate (UAN)
  • Potassium Nitrate
  • Diammonium Phosphate (DAP)
  • Monoammonium Phosphate (MAP)
  • Others

Global Liquid Fertilizers Market by Crop Type

• • Cereals & Grains
    • Corn
    • Wheat
    • Rice
    • Others
  • Oilseeds & Pulses
    • Soybean
    • Others
  • Fruits & Vegetables
  • Others

Global Liquid Fertilizers Market by Mode of Application

• • Soil
  • Foliar
  • Fertigation
    • Agricultural Fields
    • Hydroponics
  • Others

Global Liquid Fertilizers Market by Region

• • North America Liquid Fertilizers Market (Option 1: As a part of the free 25% customization)

    • North America Liquid Fertilizers Market by Type
    • North America Liquid Fertilizers Market by Major Compound
    • North America Liquid Fertilizers Market by Crop Type
    • North America Liquid Fertilizers Market by Mode of Application
    • US Liquid Fertilizers Market All-Up
    • Canada Liquid Fertilizers Market All-Up

  • Europe Liquid Fertilizers Market (Option 2: As a part of the free 25% customization)

    • Europe Liquid Fertilizers Market by Type
    • Europe Liquid Fertilizers Market by Major Compound
    • Europe Liquid Fertilizers Market by Crop Type
    • Europe Liquid Fertilizers Market by Mode of Application
    • UK Liquid Fertilizers Market All-Up
    • Germany Liquid Fertilizers Market All-Up
    • France Liquid Fertilizers Market All-Up
    • Spain Liquid Fertilizers Market All-Up
    • Rest of Europe Liquid Fertilizers Market All-Up

  • Asia-Pacific Liquid Fertilizers Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific Liquid Fertilizers Market by Type
    • Asia-Pacific Liquid Fertilizers Market by Major Compound
    • Asia-Pacific Liquid Fertilizers Market by Crop Type
    • Asia-Pacific Liquid Fertilizers Market by Mode of Application
    • China Liquid Fertilizers Market All-Up
    • India Liquid Fertilizers Market All-Up
    • Japan Liquid Fertilizers Market All-Up
    • Rest of APAC Liquid Fertilizers Market All-Up

  • RoW Liquid Fertilizers Market (Option 4: As a part of the free 25% customization)

    • RoW Liquid Fertilizers Market by Type
    • RoW Liquid Fertilizers Market by Major Compound
    • RoW Liquid Fertilizers Market by Crop Type
    • RoW Liquid Fertilizers Market by Mode of Application
    • Brazil Liquid Fertilizers Market All-Up
    • South Africa Liquid Fertilizers Market All-Up
    • Saudi Arabia Liquid Fertilizers Market All-Up
    • UAE Liquid Fertilizers Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Liquid Fertilizers Market All-Up

Major Players Operating the Liquid Fertilizers (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Nutrien Ltd.
  • Yara International ASA
  • Israel Chemical Ltd.
  • K+S Aktiengesellschaft
  • Sociedad Química Y Minera De Chile (SQM)
  • The Mosaic Company
  • Eurochem Group
  • CF Industries Holdings, Inc.
  • OCP Group
  • OCI Nitrogen