Liquid Fertilizers Market Growth to 2021 led by Foliar Mode
PUNE, India, September 5, 2016 /PRNewswire/ --
The liquid fertilizers market is projected to reach a value of $ 13.48 billion by 2021, growing at a CAGR of 3.1% from 2016 driven by growing demand for high efficiency fertilizers, ease of use and application, adoption of precision farming and protected agriculture, and increasing environmental concerns.
Complete report on global liquid fertilizers market spread across 150 pages, profiling 11 companies and supported with 119 tables and 59 figures is now available at http://www.rnrmarketresearch.com/liquid-fertilizers-market-by-type-nitrogen-phosphorus-potash-micronutrients-mode-of-application-soil-foliar-fertigation-form-organic-synthetic-crop-type-and-region-global-forecast-to-2021-market-report.html .
Nitrogen is one of the most widely consumed nutrients among all the macro and micro elements required for plant growth. This is an essential nutrient to build amino acids, which create proteins, and it takes part in almost every biochemical reaction performed in a plant. Easy availability and low cost are driving the market for liquid fertilizers.
Foliar is the most commonly used mode of application for liquid fertilizers, because of it is easy to use and it is compatible with liquid fertilizers. Furthermore, the benefits of foliar mode of application such as neutralizing adverse soil conditions, helping in rapid plant growth, increased efficiency, and increased nutrient absorption as compared to other conventional modes of application are the major reasons driving the demand in the global market.
Asia-Pacific is the largest and fastest-growing market for liquid fertilizers due to extraordinary economic growth, increase in population, and support from governments as well as national and international associations to increase the agricultural production of oil, grains, fruits, and vegetables to meet the demand for food products in the region.
Major liquid fertilizers market players Agrium Inc. (Canada), K+S, AKTIENGESELLSCHAFT (Germany), Yara International ASA (Norway), Israel Chemicals Ltd (Israel) and SociedadQuimica Y Minera SA (SQM) (Chile). Other players,who also have a strong presence in this market are Haifa Group (Israel), Compo GmbH & Co. KG (Germany), AgroLiquid (U.S.), Kugler Company (U.S) and Plant Food Company, Inc. (U.S.). Order a copy of Liquid Fertilizers Market by Type (Nitrogen, Phosphorus, Potash, Micronutrients), Mode of Application (Soil, Foliar & Fertigation), Form (Organic & Synthetic), Crop Type, and Region - Global Forecast to 2021 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=683693
In the process of determining and verifying, the global liquid fertilizers market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (28%), Tier 2 (39%) and Tier 3 (33%) companies were contacted for primary interviews. The interviews were conducted with various key people such as Director Level (19%), C-level (34%) and others (47%) from various key organizations operating in the global liquid fertilizers market. The primary interviews were conducted worldwide covering regions such as The Americas (25%), Europe (21%), APAC (32%), Latin America (13) and Rest of World (9%).
On a related note, another research on Biofertilizers Market Global Forecast to 2020 says, By microorganisms, cyano bacteria segment is projected to dominate the global biofertilizers market between 2015 and 2020. The growing demand for organic food products and increasing prices of chemical fertilizers are expected to drive the market for biofertilizers globally. The overall market is estimated to grow at a CAGR of 14.0% for the next five years. Companies like Gujarat State Fertilizers & Chemicals Ltd., Novozymes A/S, Rizobacter Argentina S.A., Camson Bio Technologies Limited and Lallemand Inc..National Fertilizers Limited, Madras Fertilizers Limited, T. Stanes & Company Limited, Rashtriya Chemicals & Fertilizers Ltd. and Nutramax Laboratories Inc. have been profiled in this research report available at http://www.rnrmarketresearch.com/global-biofertilizers-market-nitrogen-fixing-phosphate-solubilizing-potash-mobilizing-types-applications-geography-trends-forecasts-2017-market-report.html .
Explore more reports on materials & chemicals market at http://www.rnrmarketresearch.com/reports/materials-chemicals .
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