Therefore, the rise in the agricultural sector is driving the growth of the liquid fertilizers market. Liquid fertilizers are applied within a few days of planting a crop as plants quickly absorb the nutrients provided by these fertilizers.The additional nutrients ensure the plants grow quickly and are in good health thus increasing the overall yield.įor instance, according to the Economic Survey of India, the agriculture sector registered a growth of 3.6 % in 2020-21 and is expected to reach 3.9% in 2021-22. The rise in the agricultural sector is expected to propel the growth of the liquid fertilizers market going forward.The agriculture sectors comprise establishments that are primarily engaged in growing crops, raising animals, and harvesting fish and other animals from a farm, ranch, or their natural habitats. The various crop types include cereals and grains, oilseeds, fruits, and pulses which are used in several applications such as soil, fertigation, and foliar. Liquid fertilizers are easy to handle and can be distributed uniformly over the field.The various production process of liquid fertilizers is organic and inorganic. The main types of liquid fertilizers are nitrogen, micronutrients, potassium, and phosphate.Liquid nitrogen fertilizers are less expensive than granulated and are used by farmers. ![]() The regions covered in the liquid fertilizers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. These are used in crop nutrition activities in a wide variety of crops.Īsia-Pacific was the largest region in the liquid fertilizers market in 2022.Asia-Pacific is expected to be the fastest-growing region in the market. The liquid fertilizers are used to improve the quality or quantity of plant growth.Liquid fertilizers are extracts of soluble chemicals that are directly sprayed on crops or plants or can be injected into the soil by pressure. The value of goods in this market includes related services sold by the creators of the goods. The liquid fertilizers market consists of sales of liquid fertilizer products such as calcium nitrate and potassium hydroxide.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The liquid fertilizers market is expected to grow to $10.64 billion in 2027 at a CAGR of 7.1%. ![]() ![]() The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The global liquid fertilizers market grew from $7.4 billion in 2022 to $8.08 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. 28, 2023 (GLOBE NEWSWIRE) - announces the release of the report "Liquid Fertilizers Global Market Report 2023". Major players in the liquid fertilizers market are Nutrien Ltd., Yara International, ICL Group Ltd., The Mosaic Company, EuroChem Group AG, AgroLiquid, Kugler Company, Compo Expert GmBH, FoxFarm Soil & Fertilizer Company, Plant Fuel Nutrients LLC, Agro Bio Chemicals, CF Industries Holdings Inc.
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