Liquid Fertilizers are effective extracts of soluble chemicals and powders that consists of a mixture of potassium, phosphorus, and nitrogen. They also comprise several insecticides, fungicides, weed killers as well as wetting agents, which are designed to boost plant growth. Liquid fertilizers include hydrous liquid ammonia, nitrogenous fertilizers, aqueous ammonia, concentrated solutions of ammonium nitrate and urea, ammoniates, as well as some of the complex fertilizers which are vital for soil nutrition. The majority of growers all across the world seek high-quality soil and nutrition in their fields during cultivation. Liquid fertilizers help farmers in increasing soil efficiency as well as enhancing overall agricultural produce. Growing demand for enhanced and efficient fertilizers, rapid adoption of sustainable methods of farming, simplicity of use, and ensuring food security are major factors that are projected to boost the market growth of liquid fertilizers over the forecasted timeframe.
The research study includes an examination of many aspects that contribute to the market's expansion. Market trends, restrictions, and drivers that have a favourable or negative influence on the market are included. This section also discusses the many businesses and applications that may have an impact on the market in the future. The information is based on both recent and historical patterns. The cost structure, market size, Liquid Fertilizer Sales, Gross Margin and Market Share, Price, Revenue, Size, Forecast, and Growth Rate are all calculated in the report.
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Leading Key Players Covered Liquid Fertilizer Market: -
- Italpollina S.p.A. (Italy)
- Tata Chemicals Ltd (India)
- Nutrien Ltd. (Canada)
- Yara International ASA (Norway)
- Israel Chemical Ltd. (Israel)
- The Mosaic Company (US)
- EuroChem Group (Switzerland)
- The Scotts Miracle-Gro Company (US)
- Sigma AgriScience LLC (US)
- ILSA S.p.A. (Italy)
- Ajay Farm-Chem Private Limited (India)
- Balaji Fertilizers Private Limited (India)
- Deepak Fertilizers and Petrochemicals Corporation Limited (India)
- Bharat Fertilizer Industries Limited (India)
- Coromandal Fertilizers Limited (India) and other major players.
Effect of COVID-19 on the Liquid Fertilizer Market: -
The occurrence of the Novel Coronavirus had the most critical impact on the agriculture, seeds, and fertilizer sector, including liquid fertilizers, which affected the movement of both raw materials as well as fertilizers around the globe. Further, due to the severe shortage of labor and the temporary shutdown of liquid fertilizer plants, shipments were negatively affected in the initial lockdown period. However, even though the COVID-19 pandemic had affected the industry in the beginning, the impact on the liquid fertilizer Industry is estimated to be short-term. The liquid fertilizer business is expected to affect severely in Brazil and Asian countries. Further, the import of major compounds from totally different countries has been slowed because of movement restrictions. Henceforth, except for quality barriers, there will be a less vital impact on the costs of the product.
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Segmentation of Liquid Fertilizer Market: -
By Nutrient Type:
- Nitrogen
- Phosphorus
- Potassium
- Micronutrients
By Mode of Application :
- Soil
- Foliar
- Fertigation
By Major Compound:
- CAN
- UAN
- MAP
- DAP
- Potassium Nitrate
By Crop Type Grains Cereals:
- Fruits Vegetables
- Oilseeds Pulses
- Others
By Region:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
- Middle East Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of SA)
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