The global liquid fertilizer market is valued at around $11.4 million in 2020; the industry is expected to reach $13.9 million by 2026, with a CAGR of 2% between 2021 and 2027 Growing demand in the agricultural sector, increasing demand for convenient farming methods, and increasing need to use available land for crop production.
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The global liquid fertilizer market offers a variety of opportunities for market participants due to disposable income and the rapid growth of the global economy. In addition, the rapid demand for food grains and concerns related to groundwater resource depletion have led to increased demand for nitrogen, phosphorus and potassium fertilizers, further accelerating market growth. In addition, liquid fertilizers are expected to see great growth in Europe due to the action brought by the European Fertilizer Manufacturers Association (EFMA) to implement a product management program aimed at improving agricultural productivity. However, problems in the supply cycle, growing concerns about environmental degradation, fluctuating fertilizer handling and storage costs, inadequate knowledge among farmers and strict regulatory regimes are factors hindering market growth.
Liquid Fertilizer Market Segmentation
By Type
• Nitrogen
• Phosphorous
• Potash
• Micronutrients
By Production Process
• Organic
• Synthetic
By Crop
• Cereals & Grains
• Fruits & Vegetables
• Oilseeds & Pulses
• Others (Plantation & Cash Crops)
By Mode of Application
• Soil
• Foliar
• Fertigation
• Others (Aerial & Starter Solutions)
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