New York, United States, Mon, 31 Jul 2023 06:53:32 / Comserve Inc. / -- Research Nester published a report titled “Liquid Fertilizers Market”: Global Demand Analysis & Opportunity Outlook 2035”
Research Nester published a report titled “Liquid Fertilizers Market”: Global Demand Analysis & Opportunity Outlook 2035” which delivers detailed overview of the global liquid fertilizers market in terms of market segmentation by crop type, type, production process, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global liquid fertilizers market is anticipated to expand with a CAGR of ~6% during the forecast period, i.e., 2023-2035. The market is segmented by type into nitrogen, phosphorus, potassium, and micronutrients, out of which, nitrogen segment is projected to hold the highest growth over the forecast period owing to its lower cost as compared to granulated ones, and easy of storage.
The global liquid fertilizers market estimated to garner a revenue of USD 16 Billion by the end of 2035. Growing world population, rising prevalence of food starvation, and the growth of fertilizers industry are some of the major factors anticipated to contribute to the growth of the market in the coming years.
Geographically, the market is fragmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of which, the market in the Asia Pacific region is anticipated to witness remarkable growth during the forecast period backed by increasing food demand, a growing population, increased agricultural yields, and improvements in automated irrigation systems.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Rising Demand for Food Across the Globe to Drive the Growth of the Market
The production of grains around the globe, according to the statistics by the Food & Agriculture Organization of the United Nations (FAO), boosted by 7 million tonnes in 2022. Furthermore, the forecast for global grain consumption in 2022-2023 has also been raised, from 2 797 million tons to 9.2 million tonnes.
The demand for different types of grains across the globe is increasing significantly, backed by the surge in population globally. With the world's growing population, there is a higher and growing demand for food, which increases the demand for more production of fruits and vegetables, cereals and grains, and oilseeds and pulses. Liquid fertilizers have become a desirable product among farmers for increasing crop yields, which is contributing to the sector's growth.
However, expensive than granular fertilizers, high possibility to evaporate into the atmosphere and shorter shelf-life are expected to operate as key restraints to the growth of global liquid fertilizers market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global liquid fertilizers market which includes company profiling of K+S Aktiengesellschaft, Nutrien Ltd., Nutri-Tech Solutions Pty Ltd, AgroLiquid, Haifa Negev technologies LTD, RLF AgTech, COMPO EXPERT GmbH, Israel Chemicals Ltd., Yara International ASA, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global liquid fertilizers market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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