Liquid Fertilizer Market Size to grow by USD 2350.2 million between 2024-2028
According to a research report “ Liquid Fertilizer Market” by Application (Cereals and grains, Oilseeds and pulses, Fruits and vegetables) Type (Nitrogen, Phosphate, Potassium, Micronutrients) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 2350.2 million, at a CAGR of 3.57% during the forecast period. The global liquid fertilizer market is expected to experience significant growth due to the high demand for nitrogenous fertilizers in agriculture. Nitrogen, a key nutrient for plant growth, is primarily derived from nitrogenous fertilizers as it is not readily available in its atmospheric form. With agriculture accounting for a substantial portion of the economy in many countries, such as India, where it reached nearly 20% of the GDP in 2020-2021, the need for nitrogen-based liquid fertilizers is increasing. These fertilizers offer the advantage of quick dissolution in water, enabling efficient nutrient uptake by plants. The growing agricultural activities worldwide will continue to fuel the demand for nitrogenous liquid fertilizers, thereby driving market growth.
Browse market data tables, figures, and in-depth TOC on “Liquid Fertilizer Market” by Application (Cereals and grains, Oilseeds and pulses, Fruits and vegetables) Type (Nitrogen, Phosphate, Potassium, Micronutrients) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By Application, the Cereals and grains segment is projected to dominate the market size in 2024
In the agricultural sector, liquid nitrogen fertilizers, specifically urea ammonium nitrate (UAN) and calcium ammonium nitrate (CAN), play a pivotal role in enhancing crop production by supplying essential nitrogen for optimal plant growth. These fertilizers contribute significantly to vegetable and fruit production, as well as cereal cultivation, through the promotion of healthy plant growth and leaf development. The incorporation of organic materials and ammonia and calcium content in these fertilizers facilitates efficient nitrogen utilization, resulting in increased yields in irrigated farming. The European market for liquid nitrogenous fertilizers is experiencing significant growth due to the burgeoning demand for ammonium nitrate. Globally, the demand for liquid nitrogen fertilizer is escalating as farmers seek to maximize crop yields in various commodities such as oilseeds, grains, and cereals.
By Type, Nitrogen segment is expected to hold the largest market size for the year 2024
The cereals and grains segment represents a significant market share in the global liquid fertilizer industry, with production predicted to increase by 336 Mt over the next decade, according to the Organization for Economic Co-operation and Development (OECD). Notably, India, Russia, and Ukraine are expected to lead the rise in wheat output, contributing over 50% of the global increase. Similarly, the US, China, and Brazil will account for more than half of the anticipated growth in maize production. This trend underscores the importance of these key players in the global liquid fertilizer market.
APAC is forecasted to hold the largest market size by region in 2024
The liquid fertilizer market witnesses significant growth due to its efficiency and ease of application. This segment's flexibility in nutrient blending and customization caters to diverse agricultural requirements. Farmers increasingly prefer liquid fertilizers for their quick absorption and minimal environmental impact. Market leaders focus on innovation, sustainability, and cost-effectiveness to cater to the expanding demand.
The Liquid Fertilizer Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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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
Title: Liquid Fertilizers in Modern Agriculture: Balancing Nutrient Needs and Environmental Sustainability Liquid fertilizers have revolutionized modern agriculture by providing a uniform and easily absorbable form of essential nutrients for various crops. These fertilizers, primarily composed of NPK (Nitrogen, Phosphorus, and Potassium), contain essential micronutrients like micronutrients, UAN (Urea Ammonium Nitrate), and growth hormones. However, the excessive use of liquid fertilizers can lead to environmental concerns, such as eutrophication, water pollution, and soil pollution from nitrates and phosphates. Urbanization, human population growth, and the expansion of agriculture have increased the demand for liquid fertilizers. Crops like cauliflower, cabbage, onion, potato, tomato, fruits, and vegetables, as well as high-value crops, benefit significantly from these fertilizers. However, the cost of application, including the use of micro-irrigation systems, sprinklers, and irrigation systems, must be considered. The acidic nature of liquid fertilizers and potential leaching losses can impact soil erosion and pH levels. Furthermore, heavy metals and toxicity from improper application can harm plant foliage and lead to micronutrient deficiencies. Eco-friendly practices, such as foliar liquid fertilizers, can mitigate these issues while ensuring uniform distribution and optimal growth. Liquid fertilizer consumption has grown significantly, with an estimated 25 million metric tons used worldwide. Balancing nutrient needs and environmental sustainability is crucial for maintaining ecotourism areas and preserving the quality of fruits, fruit crops, and horticultural and field crops. By addressing these challenges, farmers can ensure a sustainable future for agriculture and the environment.
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