[Report Description]
The global liquid fertilizers market is expected to register a CAGR of 3.4% during the forecast period. In 2019, Asia-Pacific was the largest geographical segment of the market studied and accounted for a share of around 38.4% of the overall market. The rise in demand for high-efficiency fertilizers, ease in application, adoption of sustainable farming practices, and higher environmental safety are driving the global liquid fertilizers market. However, limited supplies, issues in logistics, high handling costs, and strict government regulations are limiting the potential growth of the market. The Covid-19 has minimal impact on the fertilizer industry when compared to other industries. However, the prices associated with liquid fertilizer have increased especially in June-2020.
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 is 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 application, followed by urea ammonium nitrate (UAN) solutions (18%). Liquid fertilizers, when compared with granular fertilizers, offer higher uniformity, in turn, providing the crops with an even 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 in the global market. Owing to factors, such as the rising concern over the current pattern of liquid fertilizer use, heavy reliance on nitrogenous liquid fertilizer, poor nutrition management, lack of complementary inputs, declining soil fertility, and weak marketing and distribution systems, there is a heightened need to improve liquid fertilizer s effectiveness in the region. Furthermore, these concerns have given way to liquid bio-fertilizer and liquid micronutrient fertilizer being developed in the region. In the Asia-Pacific region, China holds the largest share of 46.5%, while Australia is expected to witness the fastest growth.
Competitive Landscape
The global 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, 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
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter s Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5 MARKET SEGMENTATION
5.1 Nutrient Type
5.1.1 Nitrogen
5.1.2 Potassium
5.1.3 Phosphate
5.1.4 Micronutrients
5.2 Ingredient Type
5.2.1 Crop-based Fertilizers
5.2.1.1 Synthetic
5.2.1.2 Organic
5.3 Mode of Application
5.3.1 Foliar Application
5.3.2 Aerial Applications
5.3.3 Starter Solutions
5.3.4 Fertigation
5.3.5 Injection into Soil
5.4 Application
5.4.1 Grains & Cereals
5.4.2 Pulses & Oilseeds
5.4.3 Fruits and Vegetables
5.4.4 Commercial Crops
5.4.5 Other Applications
5.5 Geography
5.5.1 North America
5.5.1.1 United States
5.5.1.2 Canada
5.5.1.3 Mexico
5.5.1.4 Rest of North America
5.5.2 Europe
5.5.2.1 Germany
5.5.2.2 United Kingdom
5.5.2.3 France
5.5.2.4 Spain
5.5.2.5 Italy
5.5.2.6 Rest of Europe
5.5.3 Asia-Pacific
5.5.3.1 China
5.5.3.2 Japan
5.5.3.3 India
5.5.3.4 Australia
5.5.3.5 Rest of Asia-Pacific
5.5.4 South America
5.5.4.1 Brazil
5.5.4.2 Argentina
5.5.4.3 Rest of South America
5.5.5 Africa
5.5.5.1 South Africa
5.5.5.2 Rest of Africa
6 COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Yara International ASA
6.3.2 Nutrien Ltd.
6.3.3 ICL Fertilizers
6.3.4 Haifa Chemicals Ltd
6.3.5 Plant Food Company Inc.
6.3.6 K+S Aktiengesellschaft
6.3.7 Compo Expert GmbH
6.3.8 Kugler Company
6.3.9 AgroLiquid AD
6.3.10 Nutri-Tech Solutions
6.3.11 Tessenderlo Group
6.3.12 Nutra Flow
6.3.13 Agrotiger
6.3.14 FoxFar Soil & Fertilizer Company
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 IMPACT OF COVID-19 ON THE MARKET