Expert Market Research’s new report titled “Global Liquid Fertilizer Market Report and Forecast 2021-2026′, gives an in-depth analysis of the Global Liquid Fertilizers Market, assessing the market based on its segments such as type, form, mode of application, application and major regions like l Asia-Pacific, Europe, North America, Middle East and Africa and Latin America. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2016-2026)
- Historical market size (2020): $11.40 million
- Forecast CAGR (2021-2026): 2.9%
- Forecast market size (2026): 13.90 million USD
The growth of the global liquid fertilizer market is driven by the growing demand for agricultural products. Rapid population growth and growing disposable incomes are propelling demand for food, which in turn is boosting the agricultural sector. The demand for efficient farming practices due to decreasing availability of land for agriculture and growing environmental concerns is expected to support the growth of the market. Additionally, the easy application and higher efficiency of liquid fertilizers compared to solid fertilizers will likely drive demand further. However, lack of awareness and high handling costs for small and medium farmers may limit the growth during the forecast period.
Industry definition and major segments
Liquid fertilizers refer to types of a category of fertilizers that are dissolved in water to be sprayed directly on plants. Liquid fertilizers available in concentrated form are rich in nitrogen compounds.
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Based on type, the market can be categorized into:
The market on the basis of shape is split into
Market based on Application Mode is segmented into:
- Starter Solutions
- Injection into the ground
Based on Application, the market is split into:
- Grains and Cereals
- Pulses and oilseeds
- Fruits and vegetables
- cash crops
Regional liquid fertilizer markets include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Regionally, Asia-Pacific has dominated the global liquid fertilizer market over the historical period. The region is also expected to show significant growth over the forecast period. This can be attributed to the presence of large agricultural sectors in countries like China and India. In addition, the adoption of modern agricultural practices and increased research and development activities will further contribute to regional growth. Meanwhile, North America is expected to follow the Asia-Pacific market while Europe is expected to show the fastest growth rate during the forecast period.
Main market players
Major players in the market are Yara International ASA, Israel Chemical Ltd. (ICL), Sociedad Química Y Minera De Chile (SQM), Kugler Company, Haifa Chemicals Ltd., Compo Expert GmbH, Agroliquid, Agrium Inc., Plant Food Company, Inc., and a few others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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