Liquid Fertilizers Market Size & Share, by Crop Type (Fruits & Vegetables, Grains & Cereals, Oilseeds & Pulses); Type (Potassium, Nitrogen, Phosphorus, Micronutrients); Production Process (Organic, Synthetic); Application (Soil, Foliar, Fertigation) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

 Global Liquid Fertilizers Market Definition

Liquid fertilizers are the most recent and technologically advanced products that provide required nutrients to crops at a certain time and under different situations. By absorbing the liquid fertilizers through leaf pores and roots, plants are expected to grow. Having a high concentration of growth hormones and essential minerals, they are extensively used to grow crops. Liquid fertilizers improve the early growth of plants and the quick implantation of seedlings.

Global Liquid Fertilizers Market: Key Insights

Global Liquid Fertilizers Market Size, Forecast, and Trend Highlights Over 2023 - 2035

The global liquid fertilizers market is estimated to garner a revenue of ~USD 16 Billion by the end of 2035 by growing at a CAGR of ~6% over the forecast period, i.e., 2023 – 2035. Further, the market generated a revenue of ~USD 8 Billion in the year 2023. The growth of the market can primarily be attributed to the rising demand for food consumption, growing exports and imports of vegetables and fruits, and the increasing number of plant diseases affecting crops across the globe. As per a report published by the Food and Agricultural Organization of the United Nations, the amount of cereal produced worldwide has increased by 7 million tonnes in 2022. Additionally, the prediction for the global consumption of cereal in the years 2022–2023 has also increased, going from 9.2 million tonnes to 2 797 million tonnes.

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Fertilizers that include sodium, potassium, and phosphorous dissolve quickly in water, gradually reducing application costs and allowing for their use. Nitrogen. For instance, according to the Food and Agriculture Organizations of the United Nations, it was noticed that, from 2021 to 2022, worldwide demand for nitrogen fertilizers had increased from 110193 thousand tonnes to 111591 thousand tonnes. Increasing the application of liquid fertilizers in home irrigation and growing interest of people for green houses and gardens is expected to propel the market growth.

Global Liquid Fertilizers Market: Growth Drivers and Challenges

Growth Drivers

• Rising Prevalence of Food Starvation with Increasing Poverty – There is a need for more food in order to feed a growing population by increasing the output per acre of land. Hence, it is anticipated to increase the growth of the global liquid fertilizers market. As per a report released by the Food and Agriculture Organization of the United Nations, approximately 702 million to 828 million people worldwide were estimated to have suffered from starvation in 2021.

• Worldwide Initiative to Grant Funding for Food Security Programs - Ensuring access to safe and nutritious food, as well as sustaining food security in moments of crisis, is crucial to ensuring future generations’ prospects. Hence, it is projected to drive the growth of the global liquid fertilizers market. According to the data provided by the World Bank, the Global Agriculture and Food Security Program (GAFSP) has provided nearly USD 1.3 billion in grants to over 66 agribusiness projects in 27 countries, as well as USD 13.2 million to producer organizations, reaching more than 13 million smallholder farmers and their families.

• Growth of the Fertilizers Industry Owing to Increasing Agricultural Land - For instance, more than 42 million metric tonnes of fertilizers re estimated to be produced in India in the year 2022.

• Increasing World Population Rising the Demand for Food Crops – The world’s growing population is propelling the demand for food grains. Therefore, it is expected to boost the growth of the global liquid fertilizers market. According to the data provided by the United Nations, the worldwide population is estimated to reach 8.5 billion in 2030 and 9.7 billion in 2050.

• Increasing Demand for Domestic Cattle Owing to Rising Production of Animal Products – Meat production across the world every year meets more than 300 million tonnes as per the estimations.

Challenges

• More Expensive than Granular Fertilizers

• High possibility to Evaporate into the Atmosphere

Liquid fertilizers evaporate into the atmosphere or turned into a gas and will last for one to two weeks in the soil. It is estimated that over 35% of urea is evaporated into the atmosphere as ammonia gas which is referred to as volatilization. The fast volatilization of liquid fertilizers hinders the demand for market growth.

• Shorter Shelf-Life

The global liquid fertilizers market is segmented and analyzed for demand and supply by type into potassium, nitrogen, phosphorus, and micronutrients. Out of these, the nitrogen segment is expected to hold the highest growth over the forecast period owing to its lower cost as compared to granulated ones, and ease of storage. For instance, the demand for nitrogen is anticipated to rise globally in 2022 despite much higher prices as demand for nitrogen increased by 4.1 percent to 110 MMT in 2020–21. Nitrogen is used to build ammonia reserves in plants that cannot absorb nitrogen from the soil and is most widely manufactured in various combinations to meet the demand driving the growth of the market.

Global Liquid Fertilizers Market Regional Synopsis

The Asia Pacific liquid fertilizers market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035. the increasing food demand, a growing population across the world increasing the need for agricultural crops, increased agricultural yields, and improvements in automated irrigation systems. For instance, this region contains 62% of the world's population and is home to the world's two most populous countries, China and India. Additionally, according to a report released by the Asian Development Bank, some of Asia's 350 million smallholder farmers are now able to hire machine services to work on consolidated fields of farmer groups through innovative arrangements.

Market Segmentation

Our in-depth analysis of the global liquid fertilizers market includes the following segments:

Top Featured Companies Dominating the Global Liquid Fertilizers Market

• AgroLiquid 

  • Company Overview
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  • Financial Performance
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  • Regional Presence
  • SWOT Analysis 
• Nutrien Ltd.
• Israel Chemicals Ltd.
• Haifa Negev technologies LTD
• COMPO EXPERT GmbH
• Kugler Company
• RLF AgTech
• Yara International ASA
• K+S Aktiengesellschaft
• Nutri-Tech Solutions Pty Ltd