Liquid fertilizers are enriched with micronutrients and growth hormones, they are easily absorbable and boost the crop production. Application of these fertilizers is an effective way to provide the essential nutrients so as to reap a fruitful harvest. Growing population worldwide is presaging the growing demand for the food. Depleting soil quality further presages the surging demand for these fertilizers, especially in the agriculture sector. Changing and progressive lifestyle backed by the increasing per capita income is increasing the number of landscape and gardening projects, further indicating the significant demand for these fertilizers. Owing to the increasing emphasis on maintenance of soil health, Liquid Fertilizers are gaining momentum and are garnering colossal traction in the Global Market.
The trend of Farmhouses has evolved into a lucrative business. An aesthetically-appealing landscape is a key component for any high-value residential project. With the globalization and improving economy, landscape activities have increased over the last few years, gaining the industry status. Besides the rapid urbanization and industrialization is boosting the infrastructure development activities along with the increasing number of malls, amusement parks green belts, and residential townships. This, coupled with the growing health-conscious populace, increasingly demanding for the healthy and green environment, are dictating new dimension to the art of horticulture. All these factors define the market growth for Liquid Fertilizers.
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Major Key Players Anaysis:
With the numerous matured & small key players along with the new entrants forming a competitive landscape, the market appears to be fragmented & fiercely competitive. The market players try to gain competitive advantage through strategic partnership, acquisition, expansion, collaboration, product & technology launch.
International players who are increasingly expanding their footprint in the agricultural economy of the growing market, making it difficult for regional vendors to compete with them, especially in terms of features such as quality, technology, and price.
Fervent key players, including, Israel Chemical Ltd. (ICL – Israel), Kugler Company (US), Compo Expert GmbH (Germany), Yara International ASA (Norway), Agrium Inc. (Canada), Agroliquid (US), and Haifa Chemicals Ltd. (Israel) are leading the Liquid Fertilizers market. Profiling them in its analysis MRFR finds out the strategies keeping them at the forefront of the market competition.
May 10, 2018 – Plater Bio (UK), a leading global developer & provider of a liquid fertilizer – Gold Leaf, containing every essential plant nutrient. The company announced that its product – Gold Leaf, although was initially developed for hydroponics, the fertilizer with its nutrients, has demonstrated phenomenal result in other agricultural systems, such as field crops and conventional farming. Gold Leaf eradicates the need for other products, needed to be applied to a crop, therefore, saving farmer’s time, money, and water.
The Liquid Fertilizers Market can be segmented into 4 key dynamics for the convenience of the report and enhanced understanding;
By Product Types: Comprises Potash, Nitrogen, Phosphorus, and Micronutrients, among others.
By Crops: Oilseeds & Pulses, Fruits & Vegetables and Cereals & Grains, among others.
By Applications : Foliar, Soil, and Fertigation, among others.
By Forms: Synthetic and Organic & others.
By Regions: North America, Europe, APAC and Rest of the World.
Segment Micronutrients by product type’s accounts for the high growth as it triggers the metabolic reactions in all crops, helping them to grow.
Segment Fruits & vegetables by crops accounts for the rapidly growing segment due to the technological advancements and its growing demand.
Segment Foliar by applications, is considered as the most common method owing to its efficacy in neutralizing soil, increases the nutrient absorption rate, as well as improves the plant growth.
Segment Organic liquid fertilizers by forms are expected to witness rapid growth than synthetic liquid fertilizers.
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Globally, Asia Pacific accounts for the largest market for Liquid Fertilizers, in terms of value & size, followed by North America. Factors such as the increasing population, improving the economy, along with the favorable initiatives of the governments, encouraging the increased agriculture production to meet the food demands, are expected to foster the growth of the regional market during the forecasting period.
Developing countries, such as India & China among other APAC countries are estimated to witness the maximum growth of the Liquid Fertilizers market over the forecast period 2017-2023.
North America region stands the second largest market for Liquid Fertilizers owing to the enormous contribution from the US market, fuelled by the huge demand of these products. In Latin America, the market is estimated to witness a remarkable growth owing to the increasing agriculture activities. Presence of a large number of manufacturers in the region, positively impacts the regional market growth.
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