Latest News - Liquid Fertilizer Market: Cereals and grains is expected to lead the Application segment during 2024-2028

The Liquid Fertilizer Market is being driven by Increasing demand for nitrogen-based fertilizers

The Liquid Fertilizer Market is expected to grow at a CAGR of 3.57% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 2350.2 million. In response to the projected world population of 9.7 billion by 2050 and the subsequent escalating demand for food production, approximately 60% of whom rely on agriculture, there is a pressing need for advanced agricultural facilities to optimize yields. To address this challenge, farmers are increasingly adopting liquid fertilizers as a solution. Leading industry players, such as Yara and K+S, are focusing on technological advancements to secure a steady supply of feedstocks and cater to the burgeoning population's demands. Moreover, these companies are prioritizing eco-friendly, sustainable, and efficient production methods for fertilizers to minimize environmental impact. 

Get more information on Liquid Fertilizer Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Cereals and grains
  • Oilseeds and pulses
  • Fruits and vegetables
• Type
  • Nitrogen
  • Phosphate
  • Potassium
  • Micronutrients
• Geography
  • APAC
    • China
    • India
  • North America
    • US
  • Europe
    • France
    • Germany
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing demand for nitrogen-based fertilizers
• Ease of application
• Increasing demand from emerging countries

However, the market also witnesses some limitations, which are as follows:

• Stringent regulations on handling, storage, and transportation of liquid fertilizers
• Health hazards caused due to liquid fertilizers
• Limited availability of raw materials and high pricing of liquid fertilizers

Benefits of Buying Global Liquid Fertilizer Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Liquid Fertilizer Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Liquid Fertilizer Market is witnessing significant growth due to the increasing demand for high-value crops such as cauliflower, cabbage, onion, potato, tomato, and fruit crops like fruits. Irrigation systems and sprinklers are widely used in farming to ensure optimal water supply, and liquid fertilizers offer an effective solution for nutrient delivery in these systems. Foliar liquid fertilizers have gained popularity due to their ability to deliver nutrients directly to the plant foliage in an absorbable form. The consumption of liquid fertilizers in fruit crops and vegetable farming is worth over 10 million metric tons annually. These fertilizers provide essential micronutrients that prevent micronutrient deficiency and ensure the quality of fruits. However, the use of liquid fertilizers can lead to environmental pollution and toxicity if not used properly. Farmers must follow guidelines to minimize water pollution and toxicity risks. The horticultural crops and field crops segments, including turf & ornamental, account for a significant share of the liquid fertilizer market. The market's growth is driven by the need to increase crop yields and improve the quality of fruits and vegetables. Despite the challenges, the liquid fertilizer market is expected to continue its upward trend due to its efficiency and effectiveness in delivering essential nutrients to crops.

Market Research Overview

The global fertilizers and agricultural chemicals industry encompasses businesses engaged in the production of fertilizers and agricultural chemicals, along with relevant components. This sector comprises manufacturers of agricultural pesticides, including insecticides, herbicides, fungicides, nematicides, and fertilizers such as nitrogenous, phosphatic, potassic, and biofertilizers. According to Technavio's market analysis, the market size is determined by the earnings generated by the producers of various types of fertilizers and agricultural chemicals. Key growth drivers for the global fertilizers and agricultural chemicals market include the increasing number of new product launches by market participants, expanding their offerings to cater to evolving agricultural demands. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/