The report on Liquid fertilizer by Infinium Global Research analyses the Liquid fertilizer Market over the period of 2017 to 2023. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in Global Liquid fertilizer Market. It will help a lot of decision makers to develop strategies and find new opportunities in the Global Liquid fertilizer Market.
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The global Liquid fertilizer market was dominated by the Asia Pacific region followed by the North American and EuropeanLiquid fertilizer market. Fertilizers are used to grow all Types of crops; Fertilizers are present in solid and liquid form. The quantity of fertilizer used on the crops is totally dependent on the soil fertility, the fertility of the soil is measured with the help of soil test based on the particular crop. Moreover, solid fertilizer is typically in powdered form while liquid fertilizers comprise aqueous solutions of ammonium nitrate or urea, anhydrous ammonia, aqueous solutions of ammonia. These concentrated products are mixed with water to form a concentrated liquid fertilizer. Liquid fertilizer proves to be beneficial as it shows quick and broad range of effects on crops and acts as compound, thereby increasing the plant nutrient intake.
Furthermore, Adoption of precision farming and protected agriculture, increasing environmental concerns, the fertilizers are mixed with water thereby it is easy to use and apply, increasing demand for high-efficiency fertilizers, remains the key factor driving the growth of global Liquid fertilizer market.In addition, the demand for liquid fertilizers has increased due to rise in need for agricultural output to fulfil the global food requirements. Moreover, high treatment costs and lack of awareness among farmers are the key factors restraining the growth of this market. Disposable incomes and rapid growth in the global economy, rise in on-farm liquid fertilizer storage, and increase in the production and yield of crops are likely to bring more opportunities to this market.
Asia Pacific was the largest market among the geographies due the extraordinary growth, continuous increase in the population, and support from governments as well as national and international associations to increase the agricultural production, and increasing deficiency in soil. Furthermore, Asia Pacific is expected to continue its dominance and is anticipated to grow at the highest CAGR rate over the forecast period. Following the Asia Pacific region, North America and Europe are expected to have a moderate growth rate over the forecast period. Moreover, the demand for liquid fertilizers in Latin America (covered in ROW region) is increasing rapidly, in Africa due to increasing cropping area and is expected to have a major growth in the forecasted years.
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The companies covered in the report includeKugler Company, Compo Expert Gmbh, Agrium Inc, K+S AKTIENGESELLSCHAFT, Yara International Asa, Israel Chemical Ltd. (icl), Haifa Chemicals Ltd, Plant Food Company, Rural Liquid Fertilizers, Agroliquid.
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