Liquid Fertilizer Market - 3% CAGR With Biofuels Driving Growth to 2020
PUNE, India, September 6, 2016 /PRNewswire/ --
The global liquid fertilizer market 2016-2020 report says rise in on-farm liquid fertilizer storage will be a key trend for growth with significant increase in the use of liquid fertilizers such as UAN. However, farmers have been facing significant losses in crop production due to the delay in availability of the required quantity of liquid fertilizer. The ongoing low commodity prices and high transportation costs are also leaving the farmers with low margins. This is encouraging many farmers to store the liquid fertilizers on the farm itself. The increase in farm operations is yet another factor that is accelerating the need for liquid fertilizers and encouraging farmers to reduce their reliance on fertilizer delivery by increasing their liquid fertilizer storage capacity.
Complete report on liquid fertilizer market spread across 76 pages, analyzing 5 major companies and providing 37 data exhibits is now available at http://www.rnrmarketresearch.com/global-liquid-fertilizer-market-2016-2020-market-report.html.
The analysts forecast global liquid fertilizer market to grow at a CAGR of 3.05% during the period 2016-2020. According to the liquid fertilizer market report, rising demand for biofuels will be a key driver for market growth. Consumer preference for biofuels is increasing significantly as they are seeking high fuel efficiency as well as becoming increasingly eco-conscious. The use of liquid fertilizers, especially nitrogenous liquid fertilizers, which are an important input in biofuel production, has significantly increased over the years to meet the rising energy needs. Biofuels are fuels obtained from components other than petroleum products and are mainly sourced from energy crops such as wheat, soybean, corn, rapeseed, and sugarcane. Biofuels can be classified into two categories: biodiesel and ethanol. While biodiesel is primarily made from crops such as soybeans, ethanol needs corn syrup for its preparation.
By 2020, the nitrogen segment will account for around 69% of the overall market revenue to continue its dominance over the global liquid fertilizer market. Nitrogenous liquid fertilizers containing nitrogen in the form of nitrates are also being increasingly used in regions where soil acidity is high as they help in maintaining a desirable soil pH. Liquid urea-ammonium nitrate (UAN) is the most widely used form of liquid nitrogenous fertilizer for plant nutrition. UAN is highly compatible with many other nutrients and is often used as a solution including other essential plant nutrients like phosphorous and potassium.
APAC will be the fastest-growing region in liquid fertilizer market during the forecast period owing to the increase in hydroponic system field areas, availability of fertilizers at subsidized rates, and rise in mechanization, which has resulted in the increased adoption of technologies such as liquid fertilizer sprayers. Some of the major fertilizer-consuming countries in the region include Australia, Indonesia, Malaysia, the Philippines, Thailand, Vietnam, Japan, South Korea, China, India, Pakistan, and Bangladesh. The demand for fertilizers will see tremendous growth in the region owing to the surge in programs that promote balanced fertilizer use.
The following companies are the key players in the global liquid fertilizer market: Agrium, Haifa Chemicals, ICL, Rural Liquid Fertilisers, and Yara International. Order a copy of Global Liquid Fertilizer Market 2016-2020 report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=672223.
Global Liquid Fertilizer Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the liquid fertilizer market report considers the generated from the retail as well as direct sales of various chemical liquid fertilizers sold across the globe in 2015.
Another related report is Global Fertilizer Spreader Market 2016-2020, a trend propelling market growth is the increased adoption of precision farming. The increasing regulations for environment and water protection, along with the rising cost of fertilizers, are creating a greater need for smart machines, such as precision fertilizer spreaders. Precision farming practices are seeing high market growth in the field of fertilization. Browse complete report @ http://www.rnrmarketresearch.com/global-fertiliser-spreader-market-2016-2020-market-report.html.
Explore other new reports on Agricultural Chemicals Market @ http://www.rnrmarketresearch.com/reports/materials-chemicals/chemicals/agricultural-chemicals.
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