Press release
Liquid Fertilizers Market is currently valued at USD 13.99 Billion in 2018 - Analysis and Forecast, 2018-2023
Liquid fertilizers made from free, natural ingredients — such as grass clippings, seaweed, chicken manure and human urine — can give your plants the quick boost of nutrients they need to grow stronger and be more productive. There is also an increase in the demand for the proper utilization of fertilizers since the depletion of soil quality leads to micronutrient deficit in crops. This deficiency of micronutrients in the soil has driven the practice of employing liquid fertilizers.
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Increasing demand for high-efficiency fertilizers, adoption of sustainable agricultural practices and precision farming and easy usage and application procedures are the major factors driving the global liquid fertilizers market. However, rising concerns over health and environmental safety, high handling costs and inadequate awareness among farmers are the likely factors restraining the market growth.
Liquid Fertilizers Market Forecast Report (2018-2023)
Global Liquids Fertilizers Market is worth USD 13.99 billion in 2018 and estimated to grow at a CAGR of 3.62%, to reach USD 16.71 billion by 2023.
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Liquid Fertilizers Market Segmentation
The Global market for Liquid Fertilizers is segmented on the basis of nutrient type, form, mode of application and crop type. Based on nutrient type, the market is segmented into potassium, micro nutrients, phosphate and nitrogen. The Nitrogen segment is the largest segment, by Nutrient Type, whereas the micronutrients segment is anticipated to grow at the highest CAGR during the forecast period. On the basis of Form, the global Liquid Fertilizers market is segmented into Organic and Synthetic. On the basis of Mode of Application, the global Liquid Fertilizers market is segmented into Soil, Fertilization, Foliar, and Others. By Crop type, Grains and cereals lead the global market for Liquid Fertilizers, whereas the fruits & vegetable segment is anticipated to grow at the highest CAGR during the forecast period.
Geographically, Liquid Fertilizers market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. Asia Pacific has been leading the global Liquid Fertilizers market and is also the fastest growing market due to its growing population.
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Major Players:
The major companies dominating this market for its products and services are
Haifa Chemicals Ltd.
Kugler Company
Yara International ASA
Israel Chemicals Ltd, Agrium Inc.
Sociedad Quimica Y Minera SA (SQM)
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