The market size is projected to reach USD 13.48 billion by 2021, growing at a CAGR of around 3.1% from 2016.
The global liquid fertilizers market has grown exponentially in the last few years. Countries in the Asia-Pacific region such as China, Japan, and India are the primary targets of the industry. Growing demand for high-efficiency fertilizers, ease of use and application, adoption of precision farming and protected agriculture, and increasing environmental concerns are some of the major driving factors for the market.
On the basis of type, the liquid fertilizers market is segmented into nitrogen, phosphorus, potash, and micronutrients. The nitrogen segment accounted for the largest market share in 2015, whereas the micronutrients segment is projected to grow at the highest CAGR during the forecast period, due to the growth in nutrients deficiency in soils across the world.
The liquid fertilizers market, based on crop type, is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, and others (turf & ornamentals, forage, and plantation crops). The cereals & grains segment accounted for the largest share in the global liquid fertilizers market in 2015. The fruits & vegetables segment in the liquid fertilizers market is projected to grow at the highest growth rate, as the demand for fruits & vegetables is increasing. To meet the growing demand, growers have to produce more fruits & vegetables in the limited amount of arable land, which in turn is driving the market for liquid fertilizers in the fruits & vegetables segments.
On the basis of form, the liquid fertilizers market is segmented into organic and synthetic. The organic segment is projected to grow at the highest CAGR during the forecast period due to growing environmental concern and increasing demand of organic food around the globe.
On the basis of mode of application, the liquid fertilizers market is segmented into soil, foliar, fertigation, and others (starter solutions & areal applications). The fertigation segment dominated the market in 2015 owing to its ease of use such as requiring less labor, time, energy, and water, and the foliar segment is also projected to grow at the highest CAGR during the forecast period due to its benefits such as neutralizing adverse soil conditions, helping in rapid plant growth and increasing efficiency, and increasing nutrient absorption as compared to other conventional modes of application.
- Agrium Inc.
- Compo Expert GmbH
- Haifa Chemicals Ltd.
- Israel Chemical Ltd. (ICL)
- K+S Aktiengesellschaft
- Kugler Company
- Plant Food Company, Inc.
- Sociedad Química Y Minera De Chile (SQM)
- Yara International ASA
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Liquid Fertilizers Market, By Type
8 Liquid Fertilizers Market, By Form
9 Liquid Fertilizers Market, By Crop Type
10 Liquid Fertilizers Market, By Mode of Application
11 Liquid Fertilizers Market, By Region
12 Competitive Landscape
13 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/czp2n3/liquid
Global Liquid Fertilizer Market 2016-2020
Related Topics: Agrochemicals and Fertilizers
Research and Markets
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SOURCE Research and Markets