Liquid Fertilizers Market – Market projected to grow with significant CAGR over the forecast
Liquid Fertilizers Market – Market projected to grow with significant CAGR over the forecast
The liquid fertilizers market is likely to grow in the projected period mainly due to the growing pressure to have better output from agricultural lands in order to fulfill the food requirements of growing population. In recent years, there is more focus towards improving the efficiency of the soil. Also, there is a growing demand for biofuels and these factors are likely to boost the liquid fertilizers market in the coming years. Increase in R & D activities and investments made by governments as well as the private players in this area, likely to help the liquid fertilizers market grow.
On contrary, huge handling cost and lack of awareness among farmers will continue to act as constraints to the growth of the liquid fertilizers market.
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Liquid Fertilizers Market – Segmentation
The liquid fertilizers market can broadly be segmented on the basis of type, origin, application, crop type and regions.
On the basis of the product type, the liquid fertilizers market can be segmented into the following categories:-
• Micronutrients
• Potash
• Nitrogen
• Phosphorus
On the basis of origin, the liquid fertilizers market can be segmented into the following categories:-
• Synthetic
• Organic
On the basis of application, the liquid fertilizers market can be segmented into the following categories:-
• Fertigation
• Soil
• Foliar
On the basis of crop type, the liquid fertilizers market can be segmented into the following categories:-
• Pulses and Oil Seeds
• Cereals and Grains
• Vegetables and Fruits
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Liquid Fertilizers Market – By Region
On the basis of regions, the liquid fertilizers market can be divided into five key regions. They are:-
• North America
• Latin America
• Europe
• Asia-Pacific
• Middle East & Africa
Demand for renewal energy and initiatives taken by the European Fertilizer Manufacturers Association for the implementation of product stewardship program to improve agricultural productivity, makes Europe the most desirable destination for the liquid fertilizers market.
Competition and new investments in R & D are the main driving forces in the North American region. In Asia-Pacific, rapid economic growth, increase in developmental activities and an increasing education level among farmers are the main drivers for the growth of the liquid fertilizers market in this region.
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Liquid Fertilizers Market – Major Global Players
Some major players in the liquid fertilizers market are listed below:-
• DuPont (U.S.)
• BASF SE (Germany)
• The DOW Chemicals Company (U.S.)
• Agrium Inc. (Canada)
• Bayer Crop Science AG (Germany)
• K+S AKTIENGESELLSCHAFT (Germany)
• Israel Chemicals Ltd (Israel)
• Yara International ASA (Norway)
• Sociedad Quimica Y Minera SA (SQM) (Chile)
Liquid Fertilizers Market – Key Developments
February 2017 – Launch of liquid fertilizer plant by Yara in South Africa.
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