Global Liquid Fertilizer Market Overview
Liquid Fertilizer Market Size was valued at USD 2.80 billion in 2023. The Liquid Fertilizer market industry is projected to grow from USD 2.89 Billion in 2024 to USD 3.74 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.25% during the forecast period (2024 - 2032). Increasing awareness of the benefits of liquid fertilizers for both crop yields and environmental sustainability are the key market drivers enhancing the market growth.
Type: Secondary Research, Primary Research, MRFR Database and Analyst Review
Liquid fertilizers are more efficient than traditional dry fertilizers as they provide nutrients directly to the roots of plants, leading to better crop yields. This has led to a growing demand for liquid fertilizers in agriculture. Furthermore, growing demand for food due to population growth: The population is expected to reach 9 billion by 2050, which will require an increase in food production. Liquid fertilizers are being increasingly used to improve crop yields and ensure food security.
In addition, precision agriculture involves the use of technology to optimize farming practices. Liquid fertilizers can be more precisely applied to crops than traditional dry fertilizers, making them ideal for precision agriculture.
Many governments are providing subsidies and incentives to encourage the adoption of sustainable agricultural practices. Liquid fertilizers are seen as a more environmentally friendly option than traditional fertilizers, leading to increased government support. The development of new technologies and techniques for producing liquid fertilizers has made them more cost-effective and easier to apply, leading to increased adoption.
The liquid fertilizer market segmentation, based on category, includes organic, and synthetic. The organic segment held the majority share in 2022 contribution to the Liquid Fertilizer market revenue. This is due to the organic liquid fertilizers are made from natural materials such as compost, animal manure, or seaweed, and are considered more environmentally friendly than synthetic fertilizers. They provide slow-release nutrients that are easily absorbed by plants and improve soil health.
The liquid fertilizer market segmentation, based on type, includes nitrogen, potassium, phosphate, and others. The nitrogen segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030 due to their high demand in agriculture. Phosphorous-based liquid fertilizers are used to improve plant root development and crop maturity. Potassium-based liquid fertilizers help improve plant stress tolerance, disease resistance, and overall crop yield. Each liquid fertilizers have unique benefits and applications, making it important for farmers to choose the right type of liquid fertilizer based on their specific crop needs.
On July 26, 2023, LEMKEN GmbH & Co. KG, a manufacturer and supplier of agricultural equipment, announced that it has added new functions to its SprayHub front tank, allowing it to be used with the SprayKit application unit and a rear-mounted hoeing machine for band spraying. Lemken SprayHub front tank with section control and liquid fertilizer injection functionality can be integrated with the innovative SprayKit to improve efficiency and substantial chemical savings during hoeing and row spraying.
February 2021: Koch Agronomic Services, LLC announced the launch of a new liquid fertilizer, called "SUPERU premium fertilizer," which is designed to provide crops with a high level of nitrogen and sulfur for improved yield and quality.
The liquid fertilizer market data has been bifurcated by crop type into cereals & grains, fruits & vegetables, oilseeds & pulse, and others. The cereals & grains crop type segment dominated the market in 2022 and non-store based is projected to be the faster-growing segment during the forecast period, 2022-2030. This is owing to the high demand for liquid fertilizers in the production of crops such as wheat, rice, and maize.
September 2020: K+S AG launched a new range of liquid fertilizers, called "K+S Liquids," for use in various crops, including fruits, vegetables, and row crops.
Figure 2: Liquid Fertilizer Market, by Crop Type, 2022 & 2030 (USD Billion)
Type: Secondary Research, Primary Research, MRFR Database and Analyst Review
The liquid fertilizer market segmentation, based on mode of application, includes soil, foliar, fertigation, and others. The fertigation segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030 owing to its cost-effectiveness and easy application. Hence, rising mode of application of fertigation for liquid fertilizer positively impacts the market growth.
By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific Liquid Fertilizer market accounted for USD 1.23 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. This growth is being driven by growing demand for food due to population growth and the adoption of precision agriculture techniques. The region is dominated by countries such as China and India, which have a large agricultural industry and are increasing their use of liquid fertilizers to improve crop yields. . Moreover, China Liquid Fertilizer market held the largest market share, and the India Liquid Fertilizer market was the fastest growing market in the Asia-Pacific region.
Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: LIQUID FERTILIZER MARKET SHARE BY REGION 2022 (%)
Type: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Liquid Fertilizer market accounts for the second-largest market share this is due to increasing awareness of the benefits of liquid fertilizers for crop yields and soil health. The region is dominated by countries such as Germany, France, and the UK, which have a large agricultural industry and are adopting sustainable agricultural practices. Further, the Germany Liquid Fertilizer market held the largest market share, and the UK Liquid Fertilizer market was the fastest growing market in the European region.
The North America Liquid Fertilizer Market is expected to grow at the fastest CAGR from 2022 to 2030. The North America Liquid Fertilizer market is driven by high demand for liquid fertilizers in countries such as the US and Canada, where precision agriculture techniques are widely adopted. The US holds the largest market share in the region, owing to the presence of a large agricultural industry and government initiatives to support sustainable agriculture.
Key Companies in the Liquid Fertilizer market includes
Recent Development
In October 2023, BiOWiSH Technologies, Inc. and MAP (Modern Agricultural Program), the exclusive agricultural service program of Syngenta Group China, declared the formalization of a Strategic Cooperation Agreement to make BiOWiSH® Enhanced Efficiency Fertilizer (EEF) commercially accessible across China. The new EEFs utilize BiOWiSH® Crop Liquid, which is a combination of exclusive microbial cultures applied to dry fertilizer or blended with liquid fertilizers, in order to enhance crop yield in a cost-effective, secure, and environmentally-friendly manner. According to the agreement, MAP will provide a variety of BiOWiSH® EEFs and function as a BiOWiSH distributor in the country. BiOWiSH® Enhanced Efficiency Fertilizer is specifically formulated to enhance crop productivity by maximizing nutrient absorption and improving soil quality to promote stronger plant growth. BiOWiSH® endophytic Bacillus utilizes BiOWiSH’s exclusive HoloGene 3™ technology to transport essential soil nutrients to crops via the rhizophagy cycle, establishing a mutually beneficial association between the plant and soil microorganisms. The product's distinctive method of operation, along with its exceptional shelf life, has been demonstrated to consistently produce the intended outcomes in a wide variety of operating circumstances, climates, and settings. Furthermore, it is available to farmers at a reasonable cost. In order to sustain the growth of China's crucial agricultural economy, it is necessary to adopt new ideas and technology due to the challenges posed by excessive cultivation and its impact on soil quality. Microbially enriched fertilizers offer a natural and sustainable solution to address these difficulties.
On April 28, 2023, IFFCO introduced the world's first Nano DAP Liquid Fertiliser to provide farmers the means to boost productivity & help increase their income. This is a giant step towards realizing the PM's dream of Sahkar Se Samriddhi & Atmanirbhar Bharat. The ceremony held at IFFCO, New Delhi, was watched online by millions of farmers and member cooperative societies throughout India & abroad.
BiOWiSH Technologies and SABIC Agri-Nutrients Company Announce Bio-Enhanced Mineral Fertilizer Collaboration
On July 21, 2022, BiOWiSH Technologies, Inc. and SABIC Agri-Nutrients Company announced the successful completion of the technical evaluation of BiOWiSH Crop Liquid technology coated on SABIC's urea. The product is used on nine different crop types in nine countries across five continents to create an enhanced efficiency fertilizer designed to optimize yield potential and improve soil productivity.
On July 29, 2021, Moleaer, a leading nanobubble technology company, announced a partnership with RainAg, a leading liquid fertilizer provider, to develop and market nanobubble-infused fertilizers. New nanobubble-infused fertilizers combine Moleaer's patented nanobubble technology with RainAg's patent-pending Rain Technology. The new RainAg nanobubble-infused fertilizers have been tried and utilized across various commodity crops, including corn, cotton, wheat & sugarcane, fruit & vegetable crops, and turf & silviculture.
On May 31, 2021, Indian Farmers Fertiliser Cooperative Limited (IFFCO) launched the world's first Nano Urea Liquid for farmers worldwide during its 50th annual general body meeting held online and offline in India. IFFCO claims that the Nano Urea Liquid is effective and efficient for plant nutrition, increasing production with improved nutritional quality. This nano urea liquid plant at Kalol, Gujarat, was inaugurated by PM Narendra Modi.
Major market players are spending a lot of money on R&D to increase their product lines, which will help the Liquid Fertilizer market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Liquid Fertilizer industry must offer cost-effective products to expand and survive in an increasingly competitive and rising market environment.
One of the primary business strategies adopted by manufacturers in the Liquid Fertilizer industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. In recent years, Liquid Fertilizer industry has provided innovative products with some of the most significant benefits. The Liquid Fertilizer market major player such as Nutrien Ltd. (Canada), EuroChem Group (Switzerland), Yara International ASA (Norway), Sociedad Química y Minera de Chile (SQM) (Chile), The Mosaic Company (US), Israel Chemical Ltd. (Israel), K+S Aktiengesellschaft (Germany) and others are working to expand the market demand by investing in research and development activities.
Nutrien Ltd. is a agriculture company based in Canada that produces and distributes crop inputs, including fertilizers, crop protection products, and seed. The company has operations in over 14 countries and is one of the largest fertilizer producers in the world. In terms liquid fertilizers, Nutrien Ltd. has been actively involved in the market. For instance, in August 2019, the company acquired Actagro, a manufacturer of environmentally sustainable soil and plant health products, including liquid fertilizers. This acquisition expanded Nutrien's portfolio of fertilizer products and strengthened its position in the market.
EuroChem Group is a fertilizer company based in Switzerland that produces and distributes a wide range of fertilizers, including nitrogen, phosphate, and potassium-based fertilizers, as well as other crop nutrients and industrial chemicals. The company operates production facilities in Russia, Europe, and Asia and has a distribution network. It has been actively expanding its production and distribution capabilities. In 2019, the company announced plans to invest over $1 billion in the construction of a new ammonia and urea fertilizer plant in the United States, which will also produce liquid fertilizers. Moreover, in March 2021, EuroChem Group AG announced a partnership with CropX, an agricultural technology company, to develop a digital platform that will help farmers optimize their use of liquid fertilizers and other crop inputs.
Liquid Fertilizer Industry Developments
September 2020: Yara International ASA announced a partnership with IBM to develop a digital farming platform that will use artificial intelligence and machine learning to help farmers optimize their fertilizer use, including liquid fertilizers.
October 2020: The Andersons, Inc. launched a new line of liquid fertilizers, called "InnoGro Liquid Fertilizers," which includes a range of specialty products designed for various crops, including corn, soybeans, and wheat.
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 2.80 billion |
| Market Size 2024 | USD 2.89 billion |
| Market Size 2032 | USD 3.74 billion |
| Compound Annual Growth Rate (CAGR) | 3.25% (2024-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2020 - 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Category, Type, Crop Type, Mode of Application and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Nutrien Ltd. (Canada), EuroChem Group (Switzerland), Yara International ASA (Norway), Sociedad Química y Minera de Chile (SQM) (Chile), The Mosaic Company (US), Israel Chemical Ltd. (Israel), and K+S Aktiengesellschaft (Germany) |
| Key Market Opportunities | · Increasing demand for high-efficiency fertilizers |
| Key Market Dynamics | · Government support for sustainable agriculture and technological advancement |
Liquid Fertilizers Market Highlights:
Frequently Asked Questions (FAQ) :
The Liquid Fertilizer market size was valued at USD 2.80 Billion in 2023.
The market is projected to grow at a CAGR of 3.25% during the forecast period, 2024-2032.
Asia-Pacific had the largest share in the market.
The key players in the market are Nutrien Ltd. (Canada), EuroChem Group (Switzerland), Yara International ASA (Norway), Sociedad Química y Minera de Chile (SQM) (Chile), The Mosaic Company (US), Israel Chemical Ltd. (Israel), and K+S Aktiengesellschaft (Germany).
The nitrogen liquid fertilizer category dominated the market in 2022.
The cereals & grains had the largest share in the market.
Senior Research Analyst I have a bachelor's degree in mechanical engineering and an mba. i have more than two years of expertise in the retail, food, and beverage, chemical, and material industries, and hence have developed a sound cross-domain expertise. a firm believer in lifelong learning and sharing of knowledge. having a proclivity for hatching ideas and trying to absorb as much information as possible in a short amount of time. introducing corporates to the data and insight, which enables them to move from probability to possibility, has been my key areas of interest.
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