Global Liquid Fertilizers Market Report and Forecast 2024-2032

Global Liquid Fertilizers Market Outlook

The global liquid fertilizers market stood at a value of around USD 2.76 billion in 2023. The industry is further anticipated to reach USD 4.08 billion by 2032, recording a CAGR of 4.4% between 2024 and 2032.

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The global liquid fertilizers market is being driven by its growing demand in the agricultural sector, the rising demand for convenient agricultural methods, and the increased need to utilise the available land to produce crops.

Market Segmentation

Solid fertilizers are typically granulated or powdered, whereas liquid fertilizers include anhydrous ammonia, aqueous ammonia solutions, aqueous ammonium nitrate solutions, or urea. To form liquid fertilizers, these concentrated products are blended with water. Liquid concentrates are nitrogen-rich and are described as fertilizers comprising of organic components, including sulphur and metal trace components. Liquid fertilizers are often sprayed through a pump and delivery across grass pastures and other crops like wheat, corn, and others. The global liquid fertilizers market can be divided based on segments like type, form, mode of application, and application.

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The industry is classified on the basis of its type into:

• Nitrogen
• Potassium
• Phosphate
• Micronutrients

The liquid fertilizers are available in different forms in the market, which are organic and synthetic.

The industry can be classified on the basis of its mode of application into foliar, aerial, starter solutions, fertigation, and injection into soil. The industry can be broadly categorised on the basis of crop type into:

• Grains and Cereals
• Pulses and Oilseeds
• Fruits and Vegetables
• Commercial Crops
• Others

The EMR report looks into the regional liquid fertilizers markets like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

Market Analysis

Fertilizers are frequently used to provide nutrients to the soil and grow crops; however, the frequency of implementation depends entirely on the fertility of the soil, which is generally measured by a soil test and based on the type of crop. The demand for liquid fertilizers has increased as it acts as a catalyst, exhibiting a faster and wider impact, thus improving the soil and plant health. The growing demand for high-efficiency, easy to use, and apply fertilizers, the adoption of precision farming and protected agriculture, and rising environmental concerns are the major factors driving the growth of the global liquid fertilizers market. The growing liquid organic fertiliser market is expected to drive the growth of the overall industry. High handling costs and lack of awareness among farmers are some of the major constraints, which may hamper the industry growth over the forecast period.

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Competitive Landscape

The report presents a detailed analysis of the following key players in the global liquid fertilizers market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Yara International ASA
• Israel Chemical Ltd. (ICL) 
• Sociedad Química Y Minera De Chile (SQM) 
• Kugler Company 
• Haifa Chemicals Ltd. 
• Compo Expert GmbH
• Agroliquid 
• Agrium Inc.
• Plant Food Company, Inc
• Others

The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report