Why Should You Choose a Liquid Fertilizer?
A fertilizer is a synthetic or natural, chemical-based material which is used to improve plant growth and fertility. Fertilizers are food for plants. Liquid fertilizer are inorganic substances which are produced industrially and used into the soil in a liquid state. Liquid fertilizer include nitrogenous fertilizers, aqueous ammonia, anhydrous liquid ammonia, ammoniates, etc. It also contains complex fertilizers having two or three essential plant food elements (potassium, phosphorus and nitrogen) in various proportions.
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The leading market players mainly include:
- BASF SE
- Bayer CropScience AG
- Coromandel International Limited
- E. I. du Pont de Nemours and Company
- Haifa Chemicals Ltd.
- Hebei Monband Water Soluble Fertilizer Co., Ltd.
- ICL Specialty Fertilizers
- Nutrien Ltd.
- Plant Food Company, Inc.
- Yara International ASA
Rising demand for high-efficiency fertilizers across the globe is driving the need for liquid fertilizer market. Furthermore, liquid fertilizer are easy to use and apply in the agricultural field for better agrarian output; that's why it is also projected to influence the liquid fertilizer market significantly. Moreover, the adoption of precision farming worldwide is anticipated to fuel the liquid fertilizer market in the upcoming period. Increasing demand for liquid fertilizer to enhance production yield is expected to generate untapped opportunity for the market participants.
MARKET SEGMENTATION
The global liquid fertilizer market is segmented on the basis of type, production process, crop and mode of application. Based on type, the market is segmented into nitrogen, phosphorous, potash and micronutrients. On the basis of the production process the market is segmented into organic and synthetic. On the basis of the crop the market is segmented into cereals & grains, fruits & vegetables, oilseeds & pulses and others (plantation & cash crops). On the basis of the mode of application the market is segmented into soil, foliar, fertigation and others (aerial & starter solutions).
Globally, demand for liquid fertilizers is surging due to rising need for increasing agricultural output in order to address growing global food requirements. The major driver of liquid fertilizers market is the need for micro nutrients. Furthermore, increasing soil efficiency and escalating demand for bio fuels and high quality yield are factors propelling the market. Fruits and vegetables exhibit high potential and their production is becoming intensive and vertically integrated due to continuous technological advancements and mounting demands for them. Additionally, investments by the government and private players, increasing research and development activities and new product developments are projected to steer growth in global liquid fertilizers market