Global Liquid Fertilizer Market

According to a new report published by Ultra Market Research, titled, “Liquid Fertilizer Market Insights, Trends, Opportunity & Forecast, 2020–2025,” the global Liquid Fertilizer market size is anticipated to at a witness single digit growth during forecast period i.e. 2020-2025. North America and Europe collectively accounted for large share of market, due to growing agricultural practices and requirement of high-quality agricultural produce.

Increased demand for high-efficiency fertilizers, the convenience of use and administration of liquid fertilizers, and the adoption of precision farming and protected agriculture are some of the drivers expected to propel the market propel. Liquid fertiliser application that is more effective and efficient guarantees that crops and plants get the nutrients they need at the correct time and in the right place, with minimal waste. As a result of the introduction of new urease inhibitors and improved efficiency fertilisers (EEF), the agriculture industry is seeing significant growth in numerous fields such as cereals and industrial crops.

North America accounted for largest market share in the Liquid Fertilizer market. In North America, United States is offering growth opportunity during forecast period. Factors such that when the world's population grows, this propels the demand for food, which will lead to an increase in fertilizer use is positively impacting the growth of market. Furthermore, upsurge in the rate of awareness about liquid fertilizers among farmers will boost the growth of the industry in the coming years.

According to micronutrient type, the nitrogen segment for significant portion of market share during 2019. This can be attributed to increasing demand for liquid nitrogen fertilizers. Also, one of the most-widely consumed nutrients among all the macro and microelements required for plant growth the need of which is favoring the growth of market. 

The global Liquid Fertilizer market is segmented into micronutrients type, crop type, application and region. Based on micronutrients type, the market is bifurcated into Nitrogen, Potassium, and Other Micronutrients. Crop type categorized into Cereals & Grains, Horticulture, and Irrigated Crops. Based on application, it is classified into Starter solutions, Foliar application, Fertigation, Injection into soil, and Others.

The global Liquid Fertilizer market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa). Asia Pacific market is expected to witness lucrative growth during the forecast period. China, India, Japan and Korea are key contributors to the growth of Liquid Fertilizer in Asia Pacific.

Impact of COVID-19

Global Liquid Fertilizer has been negatively impacted by the outbreak of COVID-19 pandemic. The market is anticipated to witness decrease in growth rate as presented in previous estimates. Liquid Fertilizer are being however gained negative growth due to the stipulated lockdown during COVID-19. Furthermore, the demand for healthy food has spiked during pandemic which is also contributing to the growth of Liquid Fertilizer market. 

Key Insights of Liquid Fertilizer Market

On the basis of micronutrients type the nitrogen segment will be major contributor to the growth of market.

On the basis of application, the starter solutions segment captured highest share of the Liquid Fertilizer market in 2019.

On the basis of region, North America accounted for largest regional market the overall market in 2019.

On the basis of region, Asia-Pacific is predicted to observe swift growth rate during the forecast period.  

Some of the major Liquid Fertilizer companies profiled in the report include 

• Yara International ASA
• CSBP Limited
• Agrium Inc.
• Israel Chemical Ltd
• Haifa Chemicals Ltd
• K+S Group
• Kugler Company
• Compo Expert GmbH
• Agroliquid  
• Plant Food Company, Inc.