Fertilizer is defined as natural or synthetic material which is applied to soil or to plant tissues to supply essential nutrients for the growth of plants. Liquid fertilizers are inorganic substances that are produced by industrially and applied into the soil in a liquid state. Some of the benefits of liquid fertilizers include easy to use & uniform application and fast action as liquid penetrates the soil immediately. Also, liquid fertilizers are better at balancing the pH of the soil based on the chemicals they are delivering, which can make healthier plants.

The major factors fuelling the growth of the global liquid fertilizers market include the rising demand of highly efficient fertilizers, increasing penetration of protected agriculture & precision farming, growing production of greenhouse vegetables, and the rising environmental concerns across the globe. In addition to this, the rising government investments and increasing research & development activities associated with liquid fertilizers are some other factors that are expected to drive the growth of global liquid fertilizers market during forecast period. Moreover, the rising efficiency of soils, growing demand for biofuels and improved quality yield will have a positive impact on the growing demand of the market. The increasing crop production and yield, rising demand to improve pasture production and rapid growth in number of developing economies are anticipated to create ample opportunities for the growth of global liquid fertilizers market in upcoming years. On the other hand, factor such as lack of awareness about the application of liquid fertilizers among farmers and high cost of handling are hampering the growth of global liquid fertilizers market.

Based on the region, Asia-Pacific is expected to grow at a higher CAGR during forecast period due to the growing demand of high-quality agricultural products and rising agricultural practices in this region. Also, increasing production of crops such as rice, fruits & vegetables, and sugar beet in this region is propelling the demand of liquid fertilizers in the market. In addition, growing usage of nitrogenous fertilizers at high level for short term and perennial crops in the emerging Asian countries such as China, Japan, Korea and Vietnam are fuelling the growth of liquid fertilizers market in Asia-Pacific.

The Global Liquid Fertilizers Market has been segmented on the basis of type, major compound, crop type, mode of application, and key regions. Based on type, the market is segmented into nitrogen, phosphorus, potassium and micronutrients. Based on major compound, the market is segmented into calcium ammonium nitrate (CAN), urea-ammonium nitrate (UAN), potassium nitrate, diammonium phosphate (DAP), monoammonium phosphate (MAP) and others. Based on crop type, the market is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables and others. On the basis of cereals & grains, the market is further categorized into corn, wheat, rice and others. On the basis of oilseeds & pulses, the market is further categorized into soybean and others. Based on mode of application, the market is segmented into soil, foliar, fertigation, agricultural fields, hydroponics and others.

Some of the major players of global liquid fertilizers market are Nutrien Ltd., Yara International, ICL Group, The Mosaic Company, Eurochem Group, CF Industries Holdings, Inc., OCP Group, OCI N.V., Wilbur-Ellis Holdings, Inc. and Kugler Company among others.

Market Segmentation:

Global Liquid Fertilizers Market by Type

• • Nitrogen
  • Phosphorus
  • Potassium
  • Micronutrients

Global Liquid Fertilizers Market by Major Compound

• • Calcium Ammonium Nitrate (CAN)
  • Urea-Ammonium Nitrate (UAN)
  • Potassium Nitrate
  • Diammonium Phosphate (DAP)
  • Monoammonium Phosphate (MAP)
  • Others

Global Liquid Fertilizers Market by Crop Type

• • Cereals & Grains
    • Corn
    • Wheat
    • Rice
    • Others
  • Oilseeds & Pulses
    • Soybean
    • Others
  • Fruits & Vegetables
  • Others

Global Liquid Fertilizers Market by Mode of Application

• • Soil
  • Foliar
  • Fertigation
  • Agricultural Fields
  • Hydroponics
  • Others

Global Liquid Fertilizers Market by Region

• • North America Liquid Fertilizers Market
  • Europe Liquid Fertilizers Market
  • Asia-Pacific Liquid Fertilizers Market
  • ROW Liquid Fertilizers Market

Leading Market Players

• • Nutrien Ltd.
  • Yara International
  • ICL Group
  • The Mosaic Company
  • Eurochem Group
  • CF Industries Holdings, Inc.
  • OCP Group
  • OCI N.V.
  • Wilbur-Ellis Holdings, Inc.
  • Kugler Company