Liquid Fertilizers Market Scope
Liquid Fertilizer is used to provide essential nutrients to plants and improves soil fertility and the nutrients have been absorbed by plant’s leaf pores and roots. It can be considered as a catalyst for increasing the nutrient intake of the plants. The process of applying liquid fertilizers to the plants is very easy. Thus, the factor is increasing the demand for liquid fertilizer. However, high equipment and implementation cost are restricting the growth of the market. Lack of awareness among farmers in many geographical regions and unpredictable raw material costs have been major limiting factors for the market. Moreover, increasing production of arable crops and increasing need for high agricultural output can be considered as an opportunity for the market.
According to AMA, the Global Liquid Fertilizers market is expected to see growth rate of 6.6%The Vendors having a strong hold in the market are K+S AKTIENGESELLSCHAFT, Yara International ASA, Agrium Inc., Israel Chemical Ltd.. Research Analyst at AMA estimates that China Vendors will contribute to the maximum growth of Global Liquid Fertilizers market throughout the predicted period.
K+S AKTIENGESELLSCHAFT (Germany), Yara International ASA (Norwa., Agrium Inc. (Canada), Israel Chemical Ltd. (Israel), Sociedad Quimica YMinera SA (SQM) (Chile), Haifa Chemicals Ltd. (Israel), Compo Expert GmbH (Germany), AgroLiquid (United States), Kugler Company (United States) and Plant Food Company, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Planet Natural (United States), Tessenderlo Group (Belgium), Kay-Flo (United States) and Foxfarm Fertilizer (United States).
Segmentation Overview
The study have segmented the market of Global Liquid Fertilizers market by Type (Synthetic Liquid Fertilizers and Organic Liquid Fertilizers), by Application (Grains & Cereals, Pulses & Oilseeds, Fruits and Vegetables, Commercial Crops and Others) and Region with country level break-up.
On the basis of geography, the market of Liquid Fertilizers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Rising Trend of Liquid Fertilizer based on Phosphate Rock and Sulphur Raw Material
Market Growth Drivers:
Upsurge Demand Due To Easy Process to Use and Apply Liquid Fertilizers and Increasing Adoption of Liquid Fertilizers due to Increasing Precise Farming and High Efficiency of Liquid Fertilizers
Challenges:
Increasing Production of Arable Crops May Increase Demand for Liquid Fertilizers and Increasing Demand from Emerging Economies due to Increasing Need for High Agricultural Output
Restraints:
High Initial Cost due to High Equipment and Implementation Cost and Lack of Awareness among Farmers in many Geographical Regions
Opportunities:
Increasing Production of Arable Crops May Increase Demand for Liquid Fertilizers and Increasing Demand from Emerging Economies due to Increasing Need for High Agricultural Output
Market Leaders and their Expansionary Development Strategies
On June 10, 2015, The Andersons, Inc has announced Completion of its Acquisition. The Andersons, Inc has acquired Kay Flo Industries Crop Nutrient Group, the group consists of Nutra-Flo, PureGrade Liquid Fertilizer, MicroSolutions, and Nulex. The main aim of the acquisition is to expand its wholesale business and increase production output.
In June2023 ICL ,a leading global specialty minerals company, today announced the North American launch of a new line of advanced foliar and fertigation solutions under their Nova brand of water-soluble fertilizers. Flagship products include Nova FINISH™
Key Target Audience
Liquid Fertilizer Manufacturers, Research Institutions, Distributors and Traders, Raw Material Suppliers, Wholesalers, Government Bodies, Agriculture Institutions, Investors and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.