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Nov 11, 2023

Global Liquid Fertilizer Market 2023

Global Liquid Fertilizer Market Dublin, Aug. 10, 2023 (GLOBE NEWSWIRE) -- The "Global Liquid Fertilizer Market by Crop, Type, Major Compound, Production Process, Application - Cumulative Impact of

Global Liquid Fertilizer Market

Dublin, Aug. 10, 2023 (GLOBE NEWSWIRE) -- The "Global Liquid Fertilizer Market by Crop, Type, Major Compound, Production Process, Application - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.The Global Liquid Fertilizer Market size was estimated at USD 2.40 billion in 2022, USD 2.55 billion in 2023, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 6.46% to reach USD 3.96 billion by 2030.

In this report, 2018 to 2021 are considered as historical years, 2022 is the base year, 2023 is the estimated year, and years from 2024 to 2030 are considered as the forecast period.

The report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.

Market Segmentation & Coverage:

Based on Crop:

Cereals & Grains (Further categorized into Corn, Rice, and Wheat)

Fruits & Vegetables

Oilseeds & Pulses

Cereals & Grains held the largest market share of 40.63% in 2022, followed by Fruits & Vegetables.

Based on Type:

Micronutrients

Nitrogen

Phosphorous

Potash

Nitrogen had the largest market share of 38.52% in 2022, followed by Potash.

Based on Major Compound:

Calcium Ammonium Nitrate

Diammonium Phosphate

Monoammonium Phosphate

Potassium Nitrate

Ultra Ammonium Nitrate

Urea Ammonium Nitrate

Calcium Ammonium Nitrate commanded the largest market share of 31.91% in 2022, followed by Potassium Nitrate.

Based on Production Process:

Organic

Synthetic

Synthetic had the largest market share of 95.29% in 2022, followed by Organic.

Based on Application:

Fertigation

Foliar

Soil

Foliar commanded the largest market share of 51.97% in 2022, followed by Fertigation.

Market Dynamics:

Drivers:

Growing demand for enhanced high efficiency fertilizers

Potential growth attributed to ease of use and application of liquid fertilizers

Rising adoption of precision farming and protected agriculture

Restraints:

Relatively high cost of handling and dearth of awareness among farmers

Opportunities:

Ongoing need to enhance pasture production

Robust growth in greenhouse vegetable production

Challenges:

Robust growth in greenhouse vegetable production

Market Trends:

Cumulative Impact of COVID-19

Cumulative Impact of Russia-Ukraine Conflict

Cumulative Impact of High Inflation

Porter's Five Forces Analysis:

Threat of New Entrants

Threat of Substitutes

Bargaining Power of Customers

Bargaining Power of Suppliers

Industry Rivalry

Market Share Analysis:The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Company Portfolio:

Agrium Inc

Agroliquid

Compo Expert Gmbh

Haifa Chemicals Ltd

Israel Chemical Ltd. (Icl)

K+S Aktiengesellschaft

Kugler Company

Plant Food Company

Rural Liquid Fertilizers

Yara International Asa

Key Attributes:

Report Attribute

Details

No. of Pages

191

Forecast Period

2023 - 2030

Estimated Market Value (USD) in 2023

$2.55 Billion

Forecasted Market Value (USD) by 2030

$3.96 Billion

Compound Annual Growth Rate

6.4%

Regions Covered

Global

For more information about this report visit https://www.researchandmarkets.com/r/1aacxh

About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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Global Liquid Fertilizer Market