The global liquid fertilizers market size was around USD 12.15 billion in 2021 and is expected to surpass USD 23.91 billion by 2030, expanding at a CAGR of 3.65% during the forecast period, 2022–2030. The market growth is attributed to the rapid growth in the adoption of liquid fertilizers owing to the rapid action of fertilizers and proper delivery of nutrients for crops.
Liquid fertilizers are any kind of liquid solutions that are a mix of phosphorus, potassium, and nitrogen and are used as food for plants for steady growth. Liquid fertilizers are better than traditional granular fertilizers as they show results sooner than slow-release granular fertilizers. Liquid fertilizers provide nutrients right away to the plants by using various modes of application such as fertigation, starter solutions, foliar, and injection of soil.
Liquid fertilizers are extensively used for crops such as fruits & vegetables and grains and cereals. These fertilizers offer uniformity of application in various fields and are easy to handle once they are set up. Liquid fertilizers can easily blend with crop protection products and save a lot of time for farmers with rapid action. Easy calibration of liquid equipment is more accurate than granular and can be done quickly.
COVID-19 Impact
The market report finds that the COVID-19 pandemic affected the global liquid fertilizers market due to the strict regulations on transportation imposed by governments across the globe. The sudden outbreak of COVID-19 hampered the global market owing to the disruption in the import and export of liquid fertilizers.
Governments across the globe imposed strict regulations and safety measures regarding COVID-19 such as social distancing to prevent the spread of the virus. The lack of working labor in the farm and industries due to the strict social distancing regulations hampered the global market. The sudden shutdown of fertilizers plants and shortage of raw materials majorly affected the global liquid fertilizers market.
Market Dynamics
The research report presents a complete overview by providing detailed information about the current market trends, existing drivers, growth opportunities and potentials, and emerging challenges. The liquid fertilizers market report has up-to-date insights about market dynamics and market scenarios that can shape the overall market performance and output during the forecast period, 2022 to 2030.
Major Drivers
High efficiency and Easy usage of fertilizers
Increasing demand for liquid fertilizers owing to the high efficiency and easy usage of these fertilizers can boost the global market. Liquid fertilizers can spread faster over large areas of farms, and this can act quicker than solid ones. Unlike powder ones, liquid fertilizers dissolve and mix more rapidly with water which helps to show results sooner than granular fertilizers. The property of organic liquid fertilizer to add beneficial fungi and bacteria to improve the soil can drive market growth.
Increasing demand for Enhanced Efficiency Fertilizers
Enhanced Efficiency Fertilizers (EEF) are rapidly growing in the agriculture industry in different fields such as ornamentals, nursery plants, and industrial crops. EEF is a term that controls fertilizer release and nutrient loss due to some altered reactions. Increasing demand for EEFs owing to their property to enhance the nutrients availability in the crops can drive the global liquid fertilizers market.
Existing Restraints:
The high cost and short shelf life of liquid fertilizer
The higher cost of liquid fertilizer compared with the traditional granular ones can hamper the global liquid fertilizer market during the forecast period. Liquid fertilizers provide nutrients quicker than granular fertilizers, but liquid fertilizers have a short shelf life which can affect the global market growth.
Emerging Opportunities
Increasing population in developing countries
Increasing population in emerging economies such as China and India results in increasing demand for food which ultimately leads to rising consumption of liquid fertilizers. Liquid fertilizer helps to provide essential nutrients for the rapid growth of plants. Governments in these countries are focusing on increasing awareness regarding the use of fertilizers and their side effects. Increasing demand for organic food & vegetables in developing countries can produce lucrative opportunities for market growth during the forecast period.
Scope of the Report
The global liquid fertilizers market research report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Liquid Fertilizers Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2021
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Historic Data
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2019–2020
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Forecast Period
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2022–2030
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Segmentation
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Crop Type (Fruits & Vegetables, Grains and Cereals, Turf & Ornamental Crops, and Nursery Plants), Mode of Application (Starter Solutions, Foliar, Injection into the Soil, and Fertigation), Major Compounds (Potassium Nitrate, Urea-Ammonium Nitrate (UAN), Calcium Ammonium Nitrate (CAN), Potassium Nitrate Phosphorus Pentoxide(P205), and Di-ammonium Phosphate (DAP)), Nutrients Type (Phosphate, Nitrogen, Micronutrients, and Potassium), Production Process (Synthetic and Organic)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
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Key Players Covered in the Report
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Nutrien Ltd.; Haifa Negev technologies LTD; K+S Aktiengesellschaft; ICL Group Ltd; Yara International ASA; The Mosaic Company; Kugler Company; COMPO GmbH; Plant Food Company, Inc.; Israel Chemical Ltd ; Yara International ASA and EuroChem Group AG
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Market Segment Insights
Food & Vegetable segment to expand at a significant growth rate
Based on crop type, the global liquid fertilizers market is divided into Fruits & Vegetables, Grains and Cereals, Turf and Ornamental Crops, and Others. The fruits & vegetable segment held the major revenue share of the global market in 2021. The fruits & vegetable segment is expected to expand at a significant growth rate during the projected period owing to the increasing demand for organic food & vegetables. Increasing awareness and health benefits regarding organic food & vegetable among consumers are likely to boost the segment in the global market.
Liquid fertilizers are likely to gain popularity in the production of organic food &vegetable as these fertilizers are easily and rapidly absorbed in plants for steady growth. However, the grains and cereals segment is anticipated to hold a key share of the market in the coming year owing to the rising consumption of grains and cereals for proteins. During the COVID-19 pandemic, consumers became health-conscious and increasing consumption of grains and cereals, as these are high in proteins and vitamins can boost the market growth in coming years.
Fertigation segment to register a considerable CAGR
On the basis of the mode of application, the global market is segregated into start solutions, foliar, injection into the soil, and fertigation. The fertigation segment is projected to register a considerable CAGR during the forecast period due to the various advantage of using the fertigation technique in the field. Fertigation is a method in which fertilizer is incorporated within the irrigation water by the drip system. It is a process that includes soil and water amendments and other water-soluble products in an irrigation process.
The fertigation process saves time, labor, and energy. Moreover, this process has more reliability and efficacy than the other ones. The Fertigation process is widely used in ornamental and crops, fruits & vegetables, and other horticulture crops attributed to its advantages such as fertigation uses less fertilizer compared to the granular fertilizer system. The fertigation technique offers the advantage of placing the fertilizer in the wetted area, especially where the plant roots grow which results in better tree growth and greater yield.
Fertigation offers better crop yield and less use of fertilizer compared to others which can help to fuel the segment in the coming years. Injection into the soil segment is anticipated to account for a major market share in the coming years due to the increasing use of this method by farmers and consumers owing to the effective results of this method.
The injection into the soil method offers the advantage of a lower loss of active nutrients compared to a surface application which helps to reduce the rate of fertilizer applied by 15-35% which reduces the production cost for storage. This process helps liquid fertilizers to easily reach the roots and enhance the growth of roots while ensuring the other micronutrients and elements for the steady growth of crops. The rising use of injection into the soil process to increase the efficacy of liquid fertilizers, especially during the period of drought can globally boost the segment during the forecast period.
Urea-Ammonium Nitrate (UAN) is expected to expand at a significant rate
Based on major compounds, the global market is segregated into (Potassium Nitrate, Urea-Ammonium Nitrate (UAN), Calcium Ammonium Nitrate (CAN), Potassium Nitrate Phosphorus Pentoxide(P205), and Di-ammonium Phosphate (DAP). The Urea-Ammonium Nitrate (UAN) segment is expected to expand at a significant rate owing to its wide use of UAN by farmers due to the high nitrogen content per unit material (46%).
It is produced by combining urea, ammonia, and nitric acid. Nitrogen is an essential material for major compound formation as it enables the steady growth of crops. UAN provides prolonged nutrition with nitrogen, and it helps to adjust the nutrition in the key phases of plant growth. Calcium Ammonium Nitrate (CAN) to register a considerable CAGR during the forecast period due to the increasing use of CAN fertilizer to improve the soil pH and its fertilizer efficiency is quick.
This is widely used in large area farmland and greenhouses as it can improve the soil pH. CAN contains roughly 8 % calcium and 20-27% of nitrogen. The rapid growth in the use of CAN fertilizers to acidify the soil less than the common nitrogen fertilizers can drive the segment in the liquid fertilizers industry.
Nitrogen segment to grow at a significant rate
In the terms of nutrient type, the global liquid fertilizers market is segregated into phosphate, nitrogen, micronutrients, and potassium. The nitrogen segment is expected to grow at a significant rate due to the extensive use of nitrogen in the preparation of liquid fertilizer. It is almost used in every biochemical reaction performed in a plant. It is used in amino acids which produce proteins for the steady growth of a plant. Nitrogen is widely in major compound formations which are used in liquid fertilizers which are beneficiary for crop yield.
Moreover, it is a component of the chlorophyll molecule which helps plants in the photosynthesis process by enabling them to capture the sunlight energy. Potassium segment is expected to register a considerable CAGR during the forecast period due to the direct involvement of potassium to convert sunlight to energy in the photosynthesis process. Potassium is a key aspect of the plant, without enough potassium plants can get yellowish or spotted leaves. It is used to make sturdy stems and enables disease resistance for better crop growth.
Organic segment to expected to expand at a significant rate
Based on the production process, the global market is bifurcated into synthetic and organic. The organic segment is expected to expand rapidly due to the increasing demand for sustainable fertilizers for better crop yield. Organic liquid fertilizers are obtained from naturally existing products such as plants or animal residue which is used to make organic fertilizer which can provide much-needed fertilizer for plants. Manufacturers can reuse plants to make fertilizer once the harvesting is done. Consumers are leaning towards organic food & vegetables owing to various benefits which increases the demand for organic food and organic liquid fertilizers in the coming years.
The synthetic segment is to register a considerable CAGR during the forecast period due to the rising use of synthetic fertilizer for its’ benefit to deliver a fast boost to plants as all the necessary nutrients are delivered straight to roost with the water. Synthetic fertilizers act faster than organic ones which makes them a good choice to prevent plants from nutrient deficiency. The wide use of synthetic liquid fertilizers for better crop yield can boost the segment in the coming years.
Asia Pacific to dominate the market
In terms of regions, the global liquid fertilizers market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market size of Asia Pacific is expected to dominate the market during the projected period due to the increasing sustainable farming practices and rising demand for various crops in the region. In Asia Pacific, emerging economies such as India, China, and Japan are the major source of liquid fertilizers owing to the presence of high crop yield and increasing advancement in automated irrigation systems can help to drive the market in the region.
The increasing demand for food in developing countries such as India and China owing to the rising population can boost the global liquid fertilizers market in the coming years. However, the market of North America is anticipated to expand at a rapid pace during the forecast period attributed to the presence of sprinkler irrigation in the region and the steady demand for liquid fertilizer can fuel the market growth.
Segments
The global liquid fertilizers market has been segmented based on
Crop Type
- Fruits & Vegetables
- Grains and Cereals
- Turf & Ornamental Crops,
- Nursery Plants
Mode of Application
- Starter Solutions
- Foliar
- Injection into the Soil
- Fertigation
Major Compounds
- Potassium Nitrate
- Urea-Ammonium Nitrate (UAN)
- Calcium Ammonium Nitrate (CAN)
- Potassium Nitrate Phosphorus Pentoxide(P205)
- Di-ammonium Phosphate (DAP)
Nutrients Type
- Phosphate
- Nitrogen
- Micronutrients
- Potassium
Production Process
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the global liquid fertilizers market are Nutrien Ltd.; Haifa Negev technologies LTD; K+S Aktiengesellschaft; ICL Group Ltd; Yara International ASA; The Mosaic Company; Kugler Company; COMPO GmbH; Plant Food Company, Inc.; Israel Chemical Ltd ; Yara International ASA and EuroChem Group AG. Some of these major companies adopted various business development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production capacity expansion to expand their consumer base and enhance their market share.
On September 9, 2022, a US-based company, the Mosaic Company, and the Tampa Bay Buccaneers announced the location of a second food pantry as the organizations team up to tackle hunger in Tampa Bay by opening food pantries annually in regional communities most in need.
On July 1, 2021, an Israel-based leading global specialty minerals and specialty chemicals company, announced it has completed the acquisition of Compass Minerals América do Sul S.A., which includes the South American Plant Nutrition business of Compass Minerals, for approximately US$ 420 million.
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