Liquid Fertilizers Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The liquid fertilizers market is expected to register a CAGR of 3.4% during the forecast period (2022-2027).

The COVID-19 pandemic across the world had the most critical impact on the fertilizer sector, including liquid fertilizers, which affected the movement of both fertilizers and raw materials moving in, out, and across various countries. Due to the shortage of labor and the shutdown of fertilizer plants located in the integrated chemical complexes, shipments were affected in the initial lockdown process. Although the pandemic had affected the industry in the initial days, the impact on the liquid fertilizer Industry is expected to be short-term.

The liquid fertilizers market has been a strongly growing market, and the market is also expected to show steady growth over the long term. The rise in demand for high-efficiency fertilizers, ease in application, adoption of sustainable farming practices, and higher environmental safety are some of the factors driving the liquid fertilizers market. The demand for potassium liquid fertilizers is likely to increase in the coming years to enhance production due to the increasing demand for food across the world. Asia-Pacific was the largest segment of the market studied.

Key Market Trends

Easy Usage and Application Procedures

Despite the global shrinkage of arable land, there is an increasing demand for food around the world, which has led to an enormous increase in the application of high-efficiency fertilizers, including liquid fertilizers, in cultivation. The contribution of liquid fertilizers to the overall yield and food security is significant. So far, the highest adoption rate of liquid fertilizers has been observed in the North American region. As per the International Fertilizer Industry Association (IFA), anhydrous ammonia garnered a larger share of 77% in liquid fertilizer applications, followed by urea ammonium nitrate (UAN) solutions (18%). Liquid fertilizers, when compared to granular fertilizers, offer higher uniformity, providing the crops with a consistent coating so that all plants receive the same nutrients regardless of location. Consequently, liquid fertilizers are projected to witness growth as one of the highly efficient fertilizers that can give cost-effective yields under varied agro-climatic conditions, unlike other types of fertilizers.

Asia-Pacific Dominates the Global Market

Asia-Pacific is traditionally the largest market, representing a 38.4% share of the global market. The increasing cost of traditional fertilizers and their adverse effects on the environment have led to an enormous increase in the application of high-efficiency fertilizers, including liquid potassium fertilizers, in cultivation. ​The increasing demand for food, high crop yield, and advancement in the automated irrigation system are the major factors driving the demand for liquid fertilizers in the Asia-Pacific region. In the region, China holds the largest share of 46.5%, while Australia is expected to witness the fastest growth in the coming years.

Competitive Landscape

The liquid fertilizers market is slightly fragmented, with various small and medium-sized companies coining smaller shares. Global market players, such as Yara International, Nutrien Ltd, K+S Aktiengesellschaft, and Haifa Chemicals are the leading market players in the segment, while smaller companies, such as Rural Liquid Fertilizers and Nutri-Tech Solutions, also account for a formidable share in the market.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

This product will be delivered within 2 business days.