How Has The Liquid Fertilizers Market Size Evolved Historically?
The liquid fertilizers market has seen considerable growth due to a variety of factors.
• In recent times, the liquid fertilizers market has seen substantial growth. The market, which was valued at $8.98 billion in 2024, is expected to escalate to $9.83 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.5%.
Factors such as the intensification of agriculture, precision farming, growth in global population, crop diversity, and heightened environmental consciousness have all contributed to the growth witnessed in the historical period.
What Will Be The Liquid Fertilizers Market Size In The Future?
The liquid fertilizers market is expected to maintain its strong growth trajectory in upcoming years.
• The market for liquid fertilizers is set to witness significant expansion in the forthcoming years, with projections estimating a value of $14.84 billion by 2029, driven by a compound annual growth rate (CAGR) of 10.8%.
The anticipated growth during this forecast period can be linked to government subsidies, measures for climate change adaptation, integration of biostimulants, greenhouse gas mitigation efforts, and biological nutrient activation. Looking ahead, key trends for this period are likely to be a heightened demand for organic liquid fertilizers, microbial inoculants, tailored nutrient solutions, bio-derived fertilizers, and advanced farming technologies.
What Are The Key Drivers Fueling Growth In The Liquid Fertilizers Market?
The advancement in the farming sector is projected to boost the liquid fertilizers market expansion in the future. The agricultural domain includes entities majorly involved in crop cultivation, animal husbandry, and wild animal and fish harvesting from farms, ranches, or their natural environments. Liquid fertilizers, which are typically administered a few days post-planting, are rapidly absorbed by the crops, offering necessary nutrients. These additional nutrients help quick growth and good health of the plants, consequently enhancing the total yield. For example, the Economic Survey of India noted a 3.6% growth of the agricultural sector in 2020-21, with a projected increase of 3.9% for 2021-22. Thus, the ongoing growth of the agricultural sector is fueling the expansion of the liquid fertilizers market.
What Are The Principal Market Segments In The Global Liquid Fertilizers Industry?
The liquid fertilizers market covered in this report is segmented –
1) By Type: Nitrogen, Micronutrients, Potassium, Phosphate
2) By Production Process: Organic, Inorganic
3) By Crop Type: Cereals And Grains, Oilseeds, Fruits, Pulses
4) By Application: Soil, Fertigation, Foliar
Subsegments:
1) By Nitrogen: Urea Solutions, Ammonium Nitrate Solutions, Calcium Ammonium Nitrate Solutions
2) By Micronutrients: Iron Chelates, Zinc Solutions, Manganese Solutions, Copper Solutions
3) By Potassium: Potassium Nitrate Solutions, Potassium Sulfate Solutions, Potassium Chloride Solutions
4) By Phosphate: Monoammonium Phosphate (MAP) Solutions, Diammonium Phosphate (DAP) Solutions, Phosphoric Acid Solutions
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Which Emerging Market Trends Are Altering The Liquid Fertilizers Sector?
The primary trend burgeoning in the liquid fertilizers market is product innovation. To fuel market growth and fortify their product lineup, key market players are putting an emphasis on launching creative solutions. A case in point is in April 2023, the Indian Farmers Fertilizer Cooperative Ltd., a cooperative society headquartered in India, unveiled the world’s premier liquid nano-DAP (di-ammonia phosphate) fertilizer. This Nano DAP Liquid serves as a high-end source of nitrogen and phosphorus, playing a significant role in addressing deficiencies of these elements in plants.
Who Are the Key Players in the Liquid Fertilizers Market?
Major companies operating in the liquid fertilizers market include:
• Nutrien Ltd.
• Dolls Exports Private Limited
• AgroLiquid
• CF Industries Holdings Inc.
• Compo Expert GmBH
• EuroChem Group AG
• FoxFarm Soil & Fertilizer Company
• ICL Group Ltd.
• Kugler Company
• Nutri Tech Solutions
• OCP Group
• Plant Fuel Nutrients LLC
• The Mosaic Company
• Yara International ASA
• Agrium Inc.
• Brandt Group of Companies
• Compass Minerals International Inc.
• Coromandel International Ltd.
• Deepak Fertilisers and Petrochemicals Corporation Ltd.
• Grasshopper Lawns Inc.
• Gujarat State Fertilizers & Chemicals Ltd.
• Haifa Group
• Indian Farmers Fertiliser Cooperative Ltd.
• Israel Chemicals Ltd.
• JCAM Agri Co. Ltd.
• Koch Industries Inc.
• LiquidPower Specialty Products Inc.
• Miller Chemical & Fertilizer LLC
• Alpine Plant Foods Corporation
• Nutra-Flo Company
• Plant Food Company Inc.
• RLF Ltd.
• Sociedad Química y Minera de Chile
• Tessenderlo Kerley Inc.
What are the Regional Insights into the Liquid Fertilizers Market?
Asia-Pacific was the largest region in the liquid fertilizers market in 2024. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the liquid fertilizers market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
