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Liquid Fertilizers Market - By Type (Nitrogen, Micronutrients, Potassium, Phosphate), By Mode Of Application (Soil, Fertigation, Foliar), By Production Process (Organic, Inorganic) & Forecast, 2021-2027

  • Report ID: GMI5159
  • Published Date: Nov 2021
  • Report Format: PDF

Liquid Fertilizers Market Size

Global Liquid Fertilizers Market size was valued around USD 16 billion in 2020 and will grow at a CAGR of around 3.9% from 2021 to 2027 owing to the rising demand for food and the development of highly efficient fluid fertilizers due to rapid growth in population and growing concerns related to food security issues across the globe.

Liquid Fertilizers Market Outlook

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According to the U.S. Census Bureau, the estimated world population in June 2019 was 7.5 billion and it is expected to reach 9.7 billion by 2050. Liquid fertilizers are inorganic or organic substances produced industrially and introduced into the soil in a liquid state. In recent years, the popularity of fluid fertilizers has increased owing to several advantages offered by these products over dry fertilizers.

Some of the key advantages are easy to blend, easy handling & application, uniformity of application, blend with crop protection products, and starter & in-season applications, among others. Further developments in new fluid fertilizers will drive the market growth over the study timeframe.

The growing demand for high-value products including fresh fruits, nuts, vegetates, and coffee is rising at a higher pace; however, climate change is largely affecting the growth of these crops. Greenhouses and precious irrigation systems coupled with the use of highly efficient fertilizers enable farmers to enhance crop production and generate higher revenues. Furthermore, rising awareness of food security and the growing population of emerging economies, such as India, Brazil, and Indonesia, among others, are supporting the demand for highly efficient fluid fertilizers over the projected timeframe.

The global shrinkage of arable land and continuous demand for food are increasing the necessity to boost agricultural yield substantially. Ongoing R&D investments and the development of new high-efficient liquid fertilizers are expected to drive market penetration over the forecast timeframe. For instance, in June 2020, scientists from Bihar Agricultural University (BAU), India developed liquid biofertilizers, which enabled farmers to increase their agricultural yields by around 20%. Furthermore, new products are economic and have a shelf life that is two to three times more compared to conventional granular fertilizers.

The COVID-19 pandemic is expected to showcase a slightly adverse impact on the liquid fertilizers market. The countrywide lockdown across several economies along with lower product prices in FY2020 has shown a negative impact on the market. Several key industry players, such as Yara International ASA and Nutrien, among others, have reported a lower revenue generation in FY2020 compared to FY2019.

For instance, according to the FY2020 annual report of Yara International ASA, the company’s total revenue generation from finished fertilizers in FY2020 was around USD 21.05 billion and decreased by around 4.6% compared to FY2019. Furthermore, Nutrient reported around 1% decrease in its Aurora Phosphate liquid fertilizer production compared to FY2019.

Liquid Fertilizers Market Analysis

Liquid Fertilizers Market by Type

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Micronutrients are expected to showcase significant growth and generate over USD 2 billion in revenue by 2027 owing to the growing awareness about the usage of micronutrients to enhance crop development. Liquid micronutrients offer several advantages to users such as clean & easy to apply, increase yield & product quality, and reduce leaching loss & volatility, among others.

Furthermore, in several cold areas and the spring season most micronutrients are virtually unavailable in the soil. The usage of liquid fertilizers during the seeding period enables farmers to effectively correct the micronutrient deficiency in the soil. Additionally, the development of new micronutrient product portfolios along with the grant to develop innovative liquid micronutrient fertilizers in universities is expected to drive the growth of liquid fertilizers market segment.

Based on the mode of application, the liquid fertilizers market has been divided into soil, fertigation, foliar, and others. Fertigation application generated around 35% volumetric share in 2020. Fertigation techniques are widely used in farming practices as they save resources and time by combining two events at a time including fertilization and irrigation.

In the fertigation technique, fluid fertilizers are efficiently distributed to the crop’s root and limit the wastage of products. Additionally, the development of advanced administration systems will efficiently handle the agricultural land under the fertigation process and minimize operating costs with efficient usage of liquid fertilizers.

Liquid Fertilizers Market by Production Process

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The inorganic production process segment dominated the market with around USD 15.8 billion revenue in 2020 and is slated to surpass USD 26,662.6 million by 2027. A wide range of product availability along with the commercialization of a large number of NPK fertilizers is expected to drive segment growth over the forecast timeframe. The availability of a wide range of inorganic fertilizers along with the commercialization of several products will support market growth. Furthermore, several manufactures in the market, such as Nutrien, Ltd., Haifa Group, and EuroChem Group, among others, are expanding their production facilities and product portfolios.

Liquid Fertilizers Market by Region

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The North America liquid fertilizers market is slated to exceed USD 6 billion in revenue by 2027 and will showcase a growth rate of around 2.4% CAGR from 2021 to 2027. The presence of a wide range of fertilizer manufacturers in the region along with the establishment of new production facilities and distribution channels will drive market growth over the forecast timeframe. Furthermore, the growing demand for liquid organic fertilizers in the region due to rising awareness about the usage of organic fluid fertilizers and rising demand for high-value products will support market growth.

Liquid Fertilizers Market Share

Key industry participants in the liquid fertilizers industry are:

  • Yara International ASA
  • Nutrien, Ltd
  • Haifa Group
  • EuroChem Group
  • Israel Chemical Ltd
  • K+S Aktiengesellschaft
  • CF Industries Holdings, Inc

Industry payers are engaged in mergers & acquisitions, product launches, facility expansion, and R&D investments to enhance their market shares. For instance, in January 2018, Nutrien Ltd. acquired Agrichem, a liquid NPK manufacturer in Brazil. Furthermore, in September 2021, Yara International ASA acquired Ecolan Oy, an organic fertilizer manufacturer.

The global liquid fertilizers market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo tons & revenue in USD million from 2021 to 2027 for the following segments:

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By Type

  • Nitrogen
  • Micronutrients
  • Potassium
  • Phosphate

By Mode of Application

  • Soil
  • Fertigation
  • Foliar
  • Others

By Production Process

  • Organic
  • Inorganic

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Turkey
    • Russia
    • Poland
  • Asia Pacific
    • China
    • India
    • Indonesia
    • Pakistan
    • Bangladesh
    • Malaysia
    • Thailand
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • Egypt
    • Iran


Authors: Kiran Pulidindi, Hiralkumar Patel

Frequently Asked Questions (FAQ) :

Liquid fertilizers market size surpassed USD 16 billion in 2020 and will depict around 3.9% CAGR between 2021 and 2027 on account of rising concerns about food security issues and development of efficient fluid fertilizers.

Inorganic production process could be valued at more than USD 26.6 billion in liquid fertilizers market by 2027 due to increased commercialization and product availability.

Fertigation application contributed approximately 35% share towards liquid fertilizers market in 2020 and will grow with its usage in farming practices.

North America liquid fertilizers market is forecast to surpass USD 6 billion by 2027, reflecting around 2.4% CAGR during the forecast period owing to the presence of leading manufacturers and demand for organic fertilizers.

Israel Chemical Ltd, Yara International ASA, EuroChem Group, K+S Aktiengesellschaft, Haifa Group and CF Industries Holdings, Inc., among others, are some of the leading companies boosting global liquid fertilizers market.

Liquid Fertilizers Market Scope

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 16
  • Tables & Figures: 273
  • Countries covered: 22
  • Pages: 206
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