The Rising Need For Large Crop Yields Is Driving The Global Liquid...

The Rising Need For Large Crop Yields Is Driving The Global Liquid Fertilizer Market.

Posted 2024-05-16 11:59:39

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The market for liquid fertilizers is made up of fertilizers that are soluble and easily absorbed by plants. Crops receive a quick and effective delivery of nutrients from liquid fertilizers. They can be administered with a foliar spray or by drip and are readily diluted with water. As a result, plants absorb nutrients more efficiently than they would with traditional solid fertilizers. Liquid fertilizers help boost crop growth and production. The growing population has increased the demand for food, which is fueling the adoption of high-yielding farming practices. This is expected to drive the growth of the liquid fertilizer market.

The Global liquid fertilizer market is estimated to be valued at US$ 33.16 Bn in 2024 and is expected to exhibit a CAGR of 5.9% over the forecast period 2024 to 2031.

Key Takeaways
Key players operating in the Liquid Fertilizer Market Size are Yara International ASA, Nutrien Ltd, Israel Chemical Ltd., Haifa Chemical Ltd, GrupaAzoty, The Mosaic Company, SociedadQuímica y Minera de Chile S.A., K+S Aktiengesellschaft, Plant Food Company Inc., EuroChem Group, Annadata Organic, AgroLiquid, Agrobio Chemicals, Van Iperen International, BMS Micro-Nutrients NV, ICL Fertilizers, IFFCO, Nortox, Safsulfur, and SQM.

The growing demand for high-value crops and emphasis on improving agricultural productivity and yield is expected to drive the growth of the liquid fertilizer market. Rapid urbanization has reduced the availability of cultivable land per capita, necessitating adoption of high-yielding varieties and innovative fertilization practices. Liquid fertilizers help address the issue of exact and efficient delivery of nutrients through fertigation and foliar application.

Major players in the liquid fertilizer market are focusing on expanding their global footprint by establishing production facilities across major agricultural regions. Companies are investing in research and development to develop hybrid liquid fertilizer formulations tailored to address the specific nutrient needs of various crops. Strategic acquisitions and partnerships allow companies to broaden their product portfolios and strengthen distribution networks in international markets.

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