Growing demand for high-efficiency fertilizers, adoption of precision farming and protected agriculture, and rising potash supply and nitrogen demand to drive the global liquid fertilizers market through 2024. According to TechSci Research report, “Global Liquid Fertilizer Market By Type, By Mode of Application, By Ingredient Type, By Crop Type, By Region, Competition, Forecast & Opportunities, 2024’’, global liquid fertilizer market stood at $ 8,760 million in 2018 and is forecast to register a CAGR of 3.6% during 2019-2024.
Important Aspects of the Global Liquid Fertilizer Market
Ease of use and application, increasing environmental concerns, rising demand for high-efficiency fertilizers, and adoption of precision farming and protected agriculture are among the major factors expected to fuel the market during the forecast period.
Browse XX market data Figures and Tables spread through 110 Pages and an in-depth TOC on the “Global Liquid Fertilizers Market“.
Based on type, the global liquid fertilizers market has been segmented into nitrogen, phosphorus, potash, and micronutrients. In the coming years, the micronutrient segment is anticipated to register the fastest growth rate. Micronutrients drive many metabolic reactions in all crops and maintain growth.
Moreover, increasing soil deficiency, growing demand for biofuels, and rising demand for high-quality yield are expected to aid the micronutrient segment in global liquid fertilizers across the globe. Asia-Pacific holds the largest growth potential for liquid fertilizers, as the region boasts many emerging economies like India and China. Additionally, factors such as high demand for nutritive food and sustainable crop yields, growing investments in the agriculture sector, and management of crop production costs are fueling the region’s liquid fertilizer market.
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“Fruits & vegetable segment would grow at the fastest rate in the global liquid fertilizer market in coming years. Production of fruits & vegetables is more intensive and vertically integrated, owing to continuous advancements in technology. With a growing focus on healthy eating habits and rising disposable income, demand for fruits & vegetables would grow across the globe, which in turn would offer lucrative growth opportunities to players operating in the liquid fertilizer market”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Global Liquid Fertilizer Market By Type, By Mode of Application, By Ingredient Type, By Crop Type, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of the global liquid fertilizer market and provides statistics and information on the market size, structure and future market growth. The report is intended to provide cutting-edge market intelligence and help decision-makers to take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the global liquid fertilizer market.
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