LONDON, October 14, 2022 /PRNewswire/ — The Global Liquid Fertilizer Market The size was estimated at $12.33 billion in 2021, and should reach $16.07 billion by 2028, the recording of a CAGR by 3.98% from 2021 to 2028.
Liquid Fertilizer Market Scope
Inorganic substances are produced industrially and introduced into the soil in a liquid state. Liquid fertilizers include nitrogen fertilizers, anhydrous liquid ammonia, aqueous ammonia, ammoniates, concentrated solutions of ammonium nitrate, urea and complex fertilizers containing two or three basic plant food elements (nitrogen , phosphorus and potassium) in various proportions. Liquid fertilizers are rich in growth hormones and micronutrients and are widely used for row crops such as corn. Fertilizers containing sodium, potassium and phosphorus are able to dissolve quickly in water and can be applied easily, which eventually reduces application costs and allows the use of fertilizers. Ammonia requires containers made of stainless steel, aluminum or plastic or with an anti-corrosion coating.
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Liquid Fertilizer Market: Competitive Analysis
Some of the Major Key Players of the Global Liquid Fertilizers Market are,
- Agrium Incorporated
- Yara International ASA
- chemical israel
- Rural liquid fertilizers
- K+S Aktiengesellschaft
- Triangle Chemical Company
- Haifa Chemicals
- Compo-Expert GmbH
- Kugler Company
- Agro Liquid
- Plant Food Company Incorporated
- Nutri-Tech Solutions
- Natural Planet
- Tessenderlo Group
- Kay Flo
- Foxfarm Fertilizer
Liquid Fertilizers Market: Segmentation Analysis
The global Liquid Fertilizer market report is segmented on the basis of Liquid Fertilizer Type, Liquid Fertilizer Application and by regional and country level. On the basis of type, the global liquid fertilizer market is classified as vegetables, grains, fruits, and others. Based on application, the global liquid fertilizer market is categorized into synthetic liquid fertilizers and organic liquid fertilizers.
- Synthetic Liquid Fertilizers
- Organic Liquid Fertilizers
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Liquid Fertilizers Market: Regional Analysis
To combat this, governments are now emphasizing the use of fertilizers that are not very harmful to the soil and as a result there is an increase in the rate of awareness of liquid fertilizers among farmers, in especially in areas like India and China. There are NGOs operating in these regions that educate people about the product. The trend of fruit consumption has been growing over the past two decades and it is a trend that will continue in the years to come.
According to statistics, the largest producer of fresh fruits and vegetables is China and it exceeded growth and production in India and China in the last few years. There is an increase in the export of fruits and vegetables which has created an increase in the area of planted crops which has resulted in an increase in production levels. Crop protection chemicals will also experience steady growth in the coming years.
Liquid Fertilizers Market: Key Drivers
The liquid fertilizer market is going to witness an increase in the market. The increase in demand for improved fertilizers with high efficiency and ease of use as well as the application of liquid fertilizers and the adoption of precision farming with protected agriculture are among some of the factors that will stimulate growth. of this market. There is an improved level of application that this market has found that ensures that crops as well as plants receive the nutrients in the required amount when needed at the time and place with very little wastage. .
EEFs are growing considerably in the agriculture industry in many fields such as industrial crops and cereals, as a result of the emergence of new urease inhibitors and inexpensive polymer coating technologies. These are improved efficiency fertilizer applications that also help to reduce the negative impact of nutrients through leaching into water reservoirs.
Liquid Fertilizers Market: Key Trends
A big drag on the growth of the market is the high level of storage costs of liquid fertilizers along with the higher installation costs. Liquid fertilizers are also water soluble. The cost of mixing nutrients in water tends to be higher, as well as the cost of transportation, since fertilizers in liquid form require separate handling and storage facilities. This will hamper the growth of the market all over the world. Additionally, there is a lack of awareness in many parts of the world, which is significantly hampering the growth of the market.
There is a significant increase in the world’s population which has led to an increase in the demand for food which will lead to a further increase in the consumption of fertilizers. However, there are major concerns regarding soil contamination and the harmful effects of pollution.
The Special Requirement Liquid Fertilizers Market report is also available for the region below:
- Germany, FranceUK, Italy, Spain, SwedenNetherlands, Turkey, Swiss, BelgiumRest of Europe
- South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, IndonesiaRest of APAC
- Mexico, Colombia, Brazil, Argentina, PeruRest of Latin America
Middle East and Africa
- ·Saudi ArabiaWATER, Egypt, South AfricaRest of MEA
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