Global Liquid Fertilizers Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Liquid fertilizers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global Liquid fertilizers market trends, size, share, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global liquid fertilizers market size reached US$ 14.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.6 Billion by 2028, exhibiting a growth rate (CAGR) of 3.27% during 2023-2028.
Liquid fertilizers represent a category of plant nutrient solutions crafted in liquid formulations. They find application by being directly administered to the soil or sprayed onto the leaves of plants, a technique known as foliar feeding. This sets them apart from solid or granular fertilizers. The liquid variants encompass crucial elements such as nitrogen (N), phosphorous (P), and potassium (K), all of which play indispensable roles in the growth and advancement of plants. These nutrients get dissolved within a liquid medium, typically water. The advantages of liquid fertilizers include precise regulation of nutrient dosages, simple application procedures, and rapid absorption rates. Consequently, their usage often yields immediate enhancements in plant growth.
Global Liquid Fertilizers Market Trends and Drivers:
The global demand for effective fertilization approaches, such as liquid fertilizers, is primarily propelled by the escalating necessity for increased crop yields to sustain a growing global population. Additionally, the expansion of the market is supported by the increasing adoption of precision agriculture methods, which mandate accurate nutrient delivery. The market is further encouraged by the spreading understanding and consciousness among farmers regarding the advantageous aspects of liquid fertilizers. Furthermore, the market’s growth is reinforced by the heightened utilization of liquid fertilizers in scenarios demanding rapid nutrient augmentation or catering to highly specific plant nutrient needs.
Global Liquid Fertilizers Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: AgroLiquid, COMPO Expert GmbH (Grupa Azoty S.A.), Haifa Group, ICL Group Ltd., K+S Aktiengesellschaft, Kugler Company, Nutrien Ltd., Nutri-Tech Solutions Pty Ltd., Plant Food Company Inc., Tessenderlo Group and Yara International ASA.
The report segmented the market on the basis of region, type, production process, crop and mode of application.
Breakup by Type:
Breakup by Production Process:
Breakup by Crop:
- Grains and Cereals
- Fruits and Vegetables
- Oilseeds and Pulses
Breakup by Mode of Application:
Breakup By Regions:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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