Fertilizers are a chemical or natural substance which is added to the soil or land so as to increase fertility. Liquid fertilizers are substances used, to boost the crop production as plants are easily able to absorb these and can offer faster outcomes. Liquid fertilizers is an active way of providing the essential nutrients to plants at the right time and in ideal concentration. They can be absorbed by plants through their leaf pores and roots. Liquid fertilizers are rich in growth hormones and micro nutrients. Due to depletion of soil quality, use of fertilizers is being propelled to help farmers to increase crop production, as well as the surge in crop acreage and requirement to increase crop production is encouraging farmers to use liquid fertilizers. Liquid fertilizers also help in getting increased production in humid, wet, or stormy weather.
The global Liquid Fertilizers Market Share is growing due to increasing population as well as increasing demand for food. With the growing consumer awareness and support from government to maximize the agriculture production, the demand for liquid fertilizers has increased recently. In addition to the increasing population, the growing demand for food, rise in the crop production, increasing soil efficiency, growing economy, increasing demand for bio-fuels and high quality yield are expected to drive the liquid fertilizers market.
Some of the key players in the liquid fertilizers market: Compo Expert GmbH (Germany), Kugler Company (U.S.), Yara International ASA (Norway), Agroliquid (U.S.), Agrium Inc. (Canada), Israel Chemical Ltd. (ICL) (Israel), Haifa Chemicals Ltd. (Israel)
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The global liquid fertilizers market is segmented on the basis of product type, such as nitrogen, phosphorus, potash, and micronutrients. Among these, micronutrients is the high growth segment in this market owing to metabolic reactions in all crops as well as growth.
On the basis of crop, this market is segmented into oilseeds & pulses, cereals & grains, fruits & vegetables, and others. Fruits & vegetables is the high growth segment in the liquid fertilizers market due to technological advancements as well as its growing demand.
On the basis of application, this market is segmented into foliar, fertigation, soil, and others. Foliar application is the most common method as it helps in neutralizing soil, increases the nutrient absorption rate, as well as improves the plant growth.
The global liquid fertilizers market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Among these, the Asia Pacific region accounts for major market share followed by North America. The growing demand for liquid fertilizers in Asia Pacific, due to increasing population, growing economy, support from the government to maximize the agriculture production to meet the food demands, will drive the growth of the market in this region during the forecasting period.
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