“Global Liquid
Fertilizer Market: Global Demand Analysis & Opportunity Outlook 2024”
The global liquid fertilizer market
is segmented into ingredient type such as organic, and synthetic. Among these
segments, synthetic segment dominated the global market in previous years. The
synthetic fertilizer’s revenue is multiplying at a significant rate on the back
of growing demand for high yield crop. Additionally, synthetic fertilizers are
inexpensive as compared to organic fertilizers and this factor is increasing
the demand for synthetic fertilizers across all regions. However, organic
liquid fertilizers segment is also envisioned to witness satisfactory growth over
the forecast period owing to government support and environmental benefits of
using organic fertilizers.
Global
Liquid Fertilizer Market is expected to register a 2.9%
CAGR over the forecast period. Moreover, rising population and growing food
demand across the globe is a major factor which is predicted to intensify the
consumption of liquid fertilizers over during estimated period. Additionally, liquid
fertilizer proposes a number of benefits such as easy application and rich
nutrients for plant health are anticipated to drive the growth of liquid
fertilizers in upcoming years.
The potassium segment by micronutrients
type is likely to grow at remarkable pace during the forecast period. Further, potassium
is a very essential nutrient for plants to grow quickly and improve the overall
quality of a plant. In addition to this, potassium also helps the plants to fight
various diseases. This factor is projected to enhance the growth of potassium liquid
fertilizer market over the forecast period.
Benefits of Liquid Fertilizer
Liquid fertilizers offer various advantages over dry
fertilizers including easy application and immediate effects. Liquid
fertilizers contain nutrients such as nitrogen, phosphate, potassium and other
micronutrients and make these nutrients available to the plants in very short
time. Further, enhanced control over nutrients dosages in case of liquid
fertilizer is a major factor which is augmenting the growth of liquid
fertilizer market in upcoming years.
Government
Initiatives and Support
Governments of developing
countries such as India are encouraging the farmers to adopt liquid fertilizers.
For instance, India government is promoting liquid fertilizers and has recently
announced the initialization of liquid fertilizer plant in Chhattisgarh. However,
high cost of packaged organic liquid fertilizer, lack of awareness in various
undeveloped countries across the globe and harmful effect of synthetic liquid fertilizers on soil are some of
the factors that are likely to restrain the growth of the liquid fertilizer
market in the near future.
The
report titled “Global Liquid
fertilizer Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of
the global liquid fertilizer market in terms of market segmentation by ingredient
type, by micronutrients type, by crop type, by mode of application and by
region. Further, for the in-depth analysis, the report encompasses the industry
growth drivers, restraints, supply and demand risk, market attractiveness, BPS
analysis and Porter’s five force model.
This report also provides the
existing competitive scenario of some of the key players of the global liquid
fertilizer market which includes company profiling of Agrium Inc., Kugler Company, Haifa Chemicals ltd. , Agroliquid, Plant
Food Company, Inc., Compo Expert GmbH, Rural Liquid Fertilizers, Pattison
Liquid Systems Inc., Nutra Flo Company, InstaGro Manufacturing Inc. , Van
Iperen International, AgroThrive, Inc., and Eco-green Liquid Fertilizer.
The profiling enfolds key information of the companies which encompasses
business overview, products and services, key financials and recent news and
developments. On the whole, the report depicts detailed overview of the global liquid
fertilizer market that will help industry consultants, equipment manufacturers,
existing players searching for expansion opportunities, new players searching
possibilities and other stakeholders to align their market centric strategies
according to the ongoing and expected trends in the future.
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strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
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