Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Liquid fertilizers are made of natural ingredients and are used to reduce the plant growth interval and to increase the plant productivity. Further, liquid fertilizers provide extra nutriments to the plants and help them grow healthy.
Global liquid fertilizers market is anticipated to grow at a robust compound annual growth rate (CAGR) of 2.9% over the forecast period i.e. 2017-2024. The global market of liquid fertilizers is primarily driven on the back of rising food demand across all regions. Further, booming population coupled with increasing need for precise farming in order to improve overall crop production are key factors which are envisioned to augment the growth of global liquid fertilizers market in future.
In terms of region, global liquid fertilizers market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, Asia Pacific region is anticipated to lead the overall liquid fertilizer market over the forecast period. Presence of large base population and growing demand for food grains are key drivers which are fuelling the growth of liquid fertilizers market in this region. Additionally, government support and increasing awareness amongst the population regarding benefits of using liquid fertilizers are strengthening the growth of liquid fertilizers market in Asian countries.
Apart from Asia Pacific, North America region is showcasing a potential market for liquid fertilizers. Further, North America region is anticipated to showcase a robust growth over the forecast period owing to the increasing demand for organic foods in U.S. and Canada. CLICK TO DOWNLOAD SAMPLE REPORT
Furthermore, global liquid fertilizer market is segmented into ingredient type which includes organic and synthetic. Further, synthetic liquid fertilizer segment by ingredient type dominated the global liquid fertilizer in previous years and is predicted to maintain this dominance over the forecast period. However, organic liquid fertilizer segment is likely to grow at maximum pace during the forecast period owing to its environmental benefits.
Our in-depth analysis has segmented global liquid fertilizers market into the following segments:
Global Liquid Fertilizers market is further classified on the basis of region as follows:
Rising demand and consumption of organic foods all across the globe is one of the key growth drivers for global liquid fertilizers market. Population of various developed and developing countries such as U.S., Canada, China, India and others are adopting liquid fertilizers owing to the increasing demand for food. This factor is propelling the growth of the global liquid fertilizers market.
Further, governments of various nations are encouraging the use of liquid fertilizers by subsidies and incentive policies. This encouragement is expected to grow the liquid fertilizers market all over the globe. This massive increase in usage of liquid fertilizers is providing many opportunities for the liquid fertilizers manufacturers to grow and diversify their portfolio. For instance, Indian government is promoting liquid fertilizers and has recently announced the initialization of liquid fertilizer plant in Chhattisgarh.
The adoption of liquid fertilizers is increasing due to capability of biological organisms to battle weeds, insects and other various diseases that may harm crops and increase chances of soil contaminations. Apart from this, farmers are adopting liquid fertilizers to boost crop production and increase the profit.
Although, presence of alternatives such as bio fertilizers and other chemicals and lack of awareness in rural areas are key challenges which may adversely affect the growth of global liquid fertilizer market in future.
Overview of the Parent Market
Analyst View
The global Liquid Fertilizers market is segmented as follows:
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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