The report "Liquid Fertilizers Market by Type (Nitrogen, Phosphorus, Potash, Micronutrients), Mode of Application (Soil, Foliar & Fertigation), Form (Organic & Synthetic), Crop Type, and Region - Global Forecast to 2021", The liquid fertilizers market is projected to reach a value of USD 13.48 Billion by 2021, at a CAGR of 3.1% from 2016. The market is driven by factors such as growing demand for high efficiency fertilizers, convenience of use and application, adoption of precision farming and protected agriculture, and increasing environmental concerns. The high growth potential in emerging markets and untapped regions provides new growth opportunities to the market players.
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Micronutrients segment to be the fastest growing on the basis of type between 2016 and 2021
The micronutrients segment is projected to grow at the highest CAGR from 2016 to 2021. It drives the many metabolic reactions in all crops and maintains growth. Furthermore, increasing soil deficiency, growing demand for biofuels, and increasing demand for high quality yield are factors driving the market for micronutrients in liqid fertilizers around the globe.
Fruits & vegetables segment depicts high potential for the liquid fertilizers market
The fruits & vegetables segment is the highest growing among all crop types of the liquid fertilizers market. The production of fruits & vegetables is becoming more intensive and vertically integrated due to continuous technological advancements and growing demand. The global demand for fruits & vegetables is expected to increase in the future, especially in developing regions such as Asia and Latin America due to growing health concerns and increasing disposable income.
Significant growth for liquid fertilizers is observed in the Asia-Pacific region
Asia-Pacific has a high growth potential for liquid fertilizers as this region has many emerging countries such as China and India. Moreover, factors such as high demand for nutritive food and sustainable crop yields, increasing investment in the agriculture sector, and the management of crop production costs are driving the growth of the liquid fertilizers market in this region.
This report includes a study of the marketing and development strategies, along with the product portfolio of the leading companies. It includes the profiles of leading companies, such as K+S AKTIENGESELLSCHAFT (Germany), Yara International ASA (Norway), Agrium Inc. (Canada), Israel Chemicals Ltd (Israel), and Sociedad Quimica Y Minera SA (SQM) (Chile).
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