A Peep into Liquid Fertilizers Market Global Industry Analysis

Liquid Fertilizers –Meaning and Introduction

Liquid Fertilizers can be defined as those fertilizers that comprises of chemical ingredients or products such as anhydrous ammonia, aqueous solutions of ammonia, aqueous solutions of ammonium nitrate or urea. About 90% of fertilizers applied comes in solid format however, the advantages of liquid fertilizers is more when compared with solid fertilizers due to liquid fertilizers having rapid effect and easier coverage.

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Modern liquid fertilizers contains or consists of plant nutrients with principal intermediates for nitrogen, phosphorus, potassium with color solutions that are usually clear blue, brown or green. Liquid fertilizers have lower analysis compared to dry fertilizers but the addition of micronutrients to liquid fertilizers helps in enhancement of soil productivity.

Liquid fertilizers are in great demand from the farming fraternity across the globe due to their faster results and absorption by plants. Farmers with small size farmlands and holdings are the major buyers of liquid fertilizers due to the effectiveness of these fertilizers in getting an enhanced output even in damp, wet or windy conditions.

Liquid Fertilizers Market Growth – An analytical view of the market

The global liquid fertilizers market worth US$13.03 billion in 2016 that is estimated to be growing at a CAGR of 3.62% with the liquid fertilizer market forecast to 2021 is estimated to reach US $15.56 billion. The factors that are driving the global liquid fertilizer market include factors such as-

  • The rising demand for increasing the crop yield to provide food for the expanding population of the globe especially in developing economies is one of the factors.
  • The increase in farm operations especially crops being used for bio mass.
  • The rising demand for bio fuels due to their higher fuel efficiency as well as increasingly eco-consciousness of the farming community.
  • Consumers demand for bio fuels is increasing significantly due to adoption of sustainable agricultural practices.

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The liquid fertilizers growth is expected to accelerate at a faster pace than the synthetic fertilizers in the coming decades. The use of liquid fertilizers especially nitrogenous liquid fertilizers that is an important input for bio fuel production has increased over the years in meeting the rising global energy needs. There is an upward pressure on growers towards more efficient fertilizer practices to reduce the input costs and generate higher yield thereby improving economic performance through the rampant use of liquid fertilizers.

The major opportunities for the liquid fertilizers market growth lies in the emerging markets of the developing countries such as India, Bangladesh, Pakistan, Sri Lanka and other East Asian economies. The advantages of liquid fertilizers in the horticulture sector due to higher yield of fruits and vegetables is visible and becoming intensive and vertically integrated due to continuous technological advancements in the manufacturing processes of liquid fertilizers. The global liquid fertilizers market has shown moderate growth during 2015 and this growth is expected to continue the same trend for the next ten years.

Market Segmentation of global liquid fertilizers market – An eagle’s eye view    

The global liquid fertilizer market is segmented into Nutrient Type, Mode of Application, Source, and Crop Type and Region. Under the Nutrient Type, the liquid fertilizers are segmented as follows-

  • Nitrogen
  • Phosphorous
  • Potash
  • Micronutrients

Based on Mode of Application, the liquid fertilizers are segmented herein below-

  • Soil
  • Fertigation
  • Foliar
  • Starter solutions and appeal applications

 Based on Crop Type, the liquid fertilizers are segmented as mentioned below-

  • Cereals and grains
  • Fruits and vegetables
  • Oilseed and pulses
  • Others ( turfs and ornaments, forage and plantation crops)

Based on Source – the liquid fertilizers market is aptly segmented into-

  • Organic
  • Synthetic

Based on Regional Segmentation – the global liquid fertilizers market is segmented into regions such as-

  • North America
  • Europe
  • Asia-pacific
  • Latin America
  • Middle East and Africa

On the regional basis, North America holds the major share of the liquid fertilizers market followed by Europe and Latin America. Asia-Pacific is emerging as the largest and fastest growing market due to its increasing population, growing economy and extensive support from respective governments to meet their food demands. The key players or companies involved in the manufacturing of liquid fertilizers include-

  • Agrium Incorporated
  • Agro Liquid
  • Israel Chemical Ltd (ICL)
  • Rural Liquid Fertilizers (RLF)
  • Yara International ASA

The demand for liquid fertilizers over the years will grow in the coming decades with farmers coming forward to confidently investing in liquid fertilizer products with greater financial returns.

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