Liquid Fertilizers Market Size, Growth, Trends | Report 2022-2032
The global liquid fertilizers market was valued at USD 14.38 billion in 2022 and it is predicted to surpass around USD 20.23 billion by 2032 with a CAGR of 3.47% from 2023 to 2032.
Key Pointers
| Report Coverage | Details |
| Market Size in 2022 | USD 14.38 billion |
| Revenue Forecast by 2032 | USD 20.23 billion |
| Growth rate from 2023 to 2032 | CAGR of 3.47% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Covered | AgroLiquid, COMPO Expert GmbH (Grupa Azoty S.A.), Haifa Group, ICL Group Ltd., K+S Aktiengesellschaft, Kugler Company, Nutrien Ltd., Nutri-Tech Solutions Pty Ltd., Plant Food Company Inc., Tessenderlo Group and Yara International ASA. |
According to the U.S. Census Bureau, the estimated world population in June 2021 was 7.5 billion and it is expected to reach 9.7 billion by 2050. Liquid fertilizers are inorganic or organic substances produced industrially and introduced into the soil in a liquid state. In recent years, the popularity of fluid fertilizers has increased owing to several advantages offered by these products over dry fertilizers.
Some of the key advantages are easy to blend, easy handling application, uniformity of application, blend with crop protection products, and starter & in-season applications, among others. Further developments in new fluid fertilizers will drive the market growth over the study timeframe.
The growing demand for high-value products including fresh fruits, nuts, vegetates, and coffee is rising at a higher pace; however, climate change is largely affecting the growth of these crops. Greenhouses and precious irrigation systems coupled with the use of highly efficient fertilizers enable farmers to enhance crop production and generate higher revenues. Furthermore, rising awareness of food security and the growing population of emerging economies, such as India, Brazil, and Indonesia, among others, are supporting the demand for highly efficient fluid fertilizers over the projected timeframe.
The global shrinkage of arable land and continuous demand for food are increasing the necessity to boost agricultural yield substantially. Ongoing R&D investments and the development of new high-efficient liquid fertilizers are expected to drive market penetration over the forecast timeframe. For instance, in June 2022, scientists from Bihar Agricultural University (BAU), India developed liquid biofertilizers, which enabled farmers to increase their agricultural yields by around 20%. Furthermore, new products are economic and have a shelf life that is two to three times more compared to conventional granular fertilizers
The COVID-19 pandemic is expected to showcase a slightly adverse impact on the liquid fertilizers market. The countrywide lockdown across several economies along with lower product prices in FY2022 has shown a negative impact on the market. Several key industry players, such as Yara International ASA and Nutrien, among others, have reported a lower revenue generation in FY2022 compared to FY2021.
For instance, according to the FY2022 annual report of Yara International ASA, the company’s total revenue generation from finished fertilizers in FY2022 was around USD 21.05 billion and decreased by around 4.6% compared to FY2021. Furthermore, Nutrient reported around 1% decrease in its Aurora Phosphate liquid fertilizer production compared to FY2021.
Liquid Fertilizers Market Segmentations:
| By Type | By Mode of Application | By Production Process |
|
Nitrogen Micronutrients Potassium Phosphate |
Soil Fertigation Foliar Others |
Organic Inorganic |
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Liquid Fertilizers Market
5.1. COVID-19 Landscape: Liquid Fertilizers Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Liquid Fertilizers Market, By Type
8.1. Liquid Fertilizers Market, by Type, 2023-2032
8.1.1 Nitrogen
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Micronutrients
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Potassium
8.1.3.1. Market Revenue and Forecast (2020-2032)
8.1.4. Phosphate
8.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Liquid Fertilizers Market, By Mode of Application
9.1. Liquid Fertilizers Market, by Mode of Application, 2023-2032
9.1.1. Soil
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Fertigation
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Foliar
9.1.3.1. Market Revenue and Forecast (2020-2032)
9.1.4. Others
9.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Liquid Fertilizers Market, By Production Process
10.1. Liquid Fertilizers Market, by Production Process, 2023-2032
10.1.1. Organic
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Inorganic
10.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Liquid Fertilizers Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Type (2020-2032)
11.1.2. Market Revenue and Forecast, by Mode of Application (2020-2032)
11.1.3. Market Revenue and Forecast, by Production Process (2020-2032)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Type (2020-2032)
11.1.4.2. Market Revenue and Forecast, by Mode of Application (2020-2032)
11.1.4.3. Market Revenue and Forecast, by Production Process (2020-2032)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Type (2020-2032)
11.1.5.2. Market Revenue and Forecast, by Mode of Application (2020-2032)
11.1.5.3. Market Revenue and Forecast, by Production Process (2020-2032)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Type (2020-2032)
11.2.2. Market Revenue and Forecast, by Mode of Application (2020-2032)
11.2.3. Market Revenue and Forecast, by Production Process (2020-2032)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Type (2020-2032)
11.2.4.2. Market Revenue and Forecast, by Mode of Application (2020-2032)
11.2.4.3. Market Revenue and Forecast, by Production Process (2020-2032)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Type (2020-2032)
11.2.5.2. Market Revenue and Forecast, by Mode of Application (2020-2032)
11.2.5.3. Market Revenue and Forecast, by Production Process (2020-2032)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Type (2020-2032)
11.2.6.2. Market Revenue and Forecast, by Mode of Application (2020-2032)
11.2.6.3. Market Revenue and Forecast, by Production Process (2020-2032)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Type (2020-2032)
11.2.7.2. Market Revenue and Forecast, by Mode of Application (2020-2032)
11.2.7.3. Market Revenue and Forecast, by Production Process (2020-2032)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Type (2020-2032)
11.3.2. Market Revenue and Forecast, by Mode of Application (2020-2032)
11.3.3. Market Revenue and Forecast, by Production Process (2020-2032)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Type (2020-2032)
11.3.4.2. Market Revenue and Forecast, by Mode of Application (2020-2032)
11.3.4.3. Market Revenue and Forecast, by Production Process (2020-2032)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Type (2020-2032)
11.3.5.2. Market Revenue and Forecast, by Mode of Application (2020-2032)
11.3.5.3. Market Revenue and Forecast, by Production Process (2020-2032)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Type (2020-2032)
11.3.6.2. Market Revenue and Forecast, by Mode of Application (2020-2032)
11.3.6.3. Market Revenue and Forecast, by Production Process (2020-2032)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Type (2020-2032)
11.3.7.2. Market Revenue and Forecast, by Mode of Application (2020-2032)
11.3.7.3. Market Revenue and Forecast, by Production Process (2020-2032)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Type (2020-2032)
11.4.2. Market Revenue and Forecast, by Mode of Application (2020-2032)
11.4.3. Market Revenue and Forecast, by Production Process (2020-2032)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Type (2020-2032)
11.4.4.2. Market Revenue and Forecast, by Mode of Application (2020-2032)
11.4.4.3. Market Revenue and Forecast, by Production Process (2020-2032)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Type (2020-2032)
11.4.5.2. Market Revenue and Forecast, by Mode of Application (2020-2032)
11.4.5.3. Market Revenue and Forecast, by Production Process (2020-2032)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Type (2020-2032)
11.4.6.2. Market Revenue and Forecast, by Mode of Application (2020-2032)
11.4.6.3. Market Revenue and Forecast, by Production Process (2020-2032)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Type (2020-2032)
11.4.7.2. Market Revenue and Forecast, by Mode of Application (2020-2032)
11.4.7.3. Market Revenue and Forecast, by Production Process (2020-2032)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Type (2020-2032)
11.5.2. Market Revenue and Forecast, by Mode of Application (2020-2032)
11.5.3. Market Revenue and Forecast, by Production Process (2020-2032)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Type (2020-2032)
11.5.4.2. Market Revenue and Forecast, by Mode of Application (2020-2032)
11.5.4.3. Market Revenue and Forecast, by Production Process (2020-2032)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Type (2020-2032)
11.5.5.2. Market Revenue and Forecast, by Mode of Application (2020-2032)
11.5.5.3. Market Revenue and Forecast, by Production Process (2020-2032)
Chapter 12. Company Profiles
12.1. AgroLiquid
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. COMPO Expert GmbH (Grupa Azoty S.A.)
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Haifa Group
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. ICL Group Ltd.
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. K+S Aktiengesellschaft
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Kugler Company
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Nutrien Ltd.
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Nutri-Tech Solutions Pty Ltd.
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Plant Food Company Inc.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Tessenderlo Group
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers