A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Liquid
Fertilizers
Market. The
study, titled “Liquid
Fertilizers Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Liquid
fertilizers are an effective way of providing the essential nutrients
to plants at the right time and in ideal concentration. They can be
absorbed by plants through their leaf pores and roots. Liquid
fertilizers are rich in growth hormones and micro nutrients and are
widely used for row crops such as maize. They appear to act in the
form of a catalyst, increasing a plant’s nutrient uptake. Liquid
fertilizers help in the rapid establishment of seedlings and quick
early growth. Fertilizers containing sodium, potassium and
phosphorous are able to dissolve quickly in water and can be applied
which eventually saves the application cost and allows the
utilization of fertilizers. When roots are stressed or nutrients are
unavailable or lacking in the soil, they can be supplied by foliar
feeding. Nitrogen based liquid fertilizers account for over two third
share of the liquid fertilizer market and is likely to develop
further in coming years.
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Globally,
demand for liquid fertilizers is surging due to rising need for
increasing agricultural output in order to address growing global
food requirements. The major driver of liquid fertilizers market is
the need for micro nutrients. Furthermore, increasing soil efficiency
and escalating demand for bio fuels and high quality yield are
factors propelling the market. Fruits and vegetables exhibit high
potential and their production is becoming intensive and vertically
integrated due to continuous technological advancements and mounting
demands for them. Additionally, investments by the government and
private players, increasing research and development activities and
new product developments are projected to steer growth in global
liquid fertilizers market. Increasing demand for biofuels is
associated with the growth of liquid fertilizers market because of
liquid fertilizers’ use in the production of crops such as wheat,
soybean, and sugarcane. However, limited awareness among farmers and
huge handling costs are a few deterrents.
Based
on the source, global liquid fertilizer market is segmented as
organic and synthetic. Different types of liquid fertilizers include
nitrogen, phosphorous, potash, and micro nutrients. On the basis of
crop type, the liquid fertilizer market is segmented as cereals and
grains, fruits and vegetables and oil seeds and pulses. In terms of
mode of application, liquid fertilizers market is segmented as soil,
foliar and others.
Global
liquid fertilizers market exhibited a modest growth in 2015 and this
expected to continue the same trend in the forecast period
(2016-2024). Also, during the forecast period, the demand for
nitrogen, phosphorous and potassium is expected to increase on
account of rising population, growing demand for food grains and
rising concerns related to depleting ground water resources.
Asia-Pacific region is projected to have a speedy growth in coming
years owing to economic growth and developmental activities in the
region. With robust population base, the need for food is growing
unprecedentedly in this region and the farmers are compelled to
enhance their agricultural output from the limited available land.
Liquid fertilizers market finds a promising future in Europe because
of the growing demand for renewable energy in the region and steps
taken by EFMA (European Fertiliser Manufacturers’ Association) for
the implementation of product stewardship program for enhancing
agricultural productivity. North America has a significant share of
liquid fertilizers globally and the huge demand in this region has
led to increased competition and companies are investing in R&D
for innovative liquid fertilizer products. Market of liquid
fertilisers in Latin America is also expected to have a decent growth
where the cropped area is increasing steadily. African region has
strong resources and tries to expand its production capacity. Africa
is a liquid fertilizer consuming region and market of liquid
fertilizer can be improved by having extra-regional partnerships.
Major
liquid fertilizers market players include Agrium Inc., Haifa Group,
K+S AKTIENGESELLSCHAFT, Yara International ASA, Israel Chemicals Ltd
and Sociedad Quimica Y Minera SA .
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to view Sample Report:
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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