Market Scenario
Liquid fertilizers are substances derived from natural or synthetic sources, which supply plant nutrients that are essential for the better growth of plants. Liquid fertilizers enhance the effectiveness of the soil by modifying its water retention and aeration capacity. Essential micronutrients such as copper, iron, manganese, zinc, and macronutrients such as nitrogen, phosphate, and potassium are provided to the soil or to the crops directly in the form of liquid fertilizers for enhancing crop production.
The global liquid fertilizer market is projected to grow at a significant rate of 4.2% from 2019 to 2024 to reach a market value of USD 13.25 billion by the end of 2024. With the world’s growing population, there is an increasing demand for food globally, which, in turn, is increasing the demand for more production of cereals & grains, fruits & vegetables, and oilseeds & pulses. To increase the yield of crops, farmers are widely using liquid fertilizers, which is expected to boost the liquid fertilizer market growth during the forecast period. Various schemes from government bodies to promote agricultural activities is also influencing the market of liquid fertilizer. Additionally, the demand for nitrogen, phosphorous, and potassium fertilizers has been increasing, owing to rapid demand for food grains and concerns related to depletion of groundwater resources, which is further fueling the market growth of liquid fertilizer globally.
Segmentation
The global liquid fertilizer market has been segmented on the basis of category, type, crop type, mode of application, and region.
The global liquid fertilizer market has been divided, based on category, into organic and synthetic.
The global liquid fertilizer market has been segmented, based on type, into nitrogen, potassium, phosphate, and others.
The global liquid fertilizer market has been segmented, on the basis of crop type, into cereals & grains, fruits & vegetables, oilseeds & pulses, and others.
The global liquid fertilizer market has been classified, based on mode of application, into soil, foliar, fertigation, and others.
Regional Market Summary
The market in Asia-Pacific is expected to dominate the global liquid fertilizer market during the forecast period. With the growing population in the emerging economies, there is a rising demand for food among consumers, due to which there is an increase in agricultural activities. To increase the yield, fertilizers are increasingly being used in crop farming, which is expected to drive the liquid fertilizers market in the region. Strong government support for agriculture in countries such as India and China, is another key factor that is expected to boost the liquid fertilizer market growth during the assessment period.
The liquid fertilizer market in Europe is expected to register the highest CAGR during the forecast period. There is an increasing trend of protein-based diet among the consumers in Europe. For the production of high-yielding crops which are rich in protein, nitrogen-based liquid fertilizers are used by the farmers in the region, which is likely to catalyze the market growth of liquid fertilizer during the forecast period. Additionally, the easy application of liquid fertilizer and increasing demand for food grains are further influencing the market of liquid fertilizer in the region.

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Key Players
• K+S AKTIENGESELLSCHAFT (Germany)
• Yara International ASA (Norway)
• Agrium Inc. (Canada)
• Israel Chemical Ltd. (Israel)
• Sociedad Quimica YMinera SA (SQM) (Chile)
• Haifa Chemicals Ltd. (Israel)
• Compo Expert GmbH (Germany)
• AgroLiquid (US)
• Kugler Company (US)
• Plant Food Company, Inc. (US)
• Rural Liquid Fertilizer (Thailand)
• Plant Food Company, Inc (US)
• Nutri-Tech Solutions (Australia)
• Nutrien (Canada)
• FoxFar Soil and Fertilizer Company (US)

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