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The global liquid fertilizer market has been estimated at USD 11.2 billion in 2015. The market is expected to register a CAGR of 2.9% during the forecast period, 2018 to 2023. On basis of the major ingredients, the organic liquid fertilizers are expected to grow at a faster pace than the synthetic liquid fertilizers. The foliar application of liquid fertilizers is the most commonly used method as it helps in neutralizing soil conditions, enhance plant growth, and increase the rate of nutrient absorption as compared to the other methods of fertilizer application.
Growth in Foliar Application.
The foliar application of liquid fertilizers is the most commonly used method as it helps in neutralizing soil conditions, enhance plant growth, and increase the rate of nutrient absorption as compared to the other methods of fertilizer application. Soil condition when the PH level are very high or very low, temperature is very cold, or excessive draught or moisture might make the nutrients. The countries where these extremes weather conditions occur, foliar application of liquid fertilizer is most used strategy.
Rapid Growth of Organic Liquid Fertilizer
Organic liquid fertilizer contains all types of micro and macro nutrients for plant growth and improves the growth and productiveness of plants, enhance the natural fertility of the soil or replace the chemical elements taken from the soil by previous crops or other factors and improve the essential microorganisms in the soil. Liquid fertilizers are the most efficient way of delivering the required nutrients to plants at the correct time and in optimal concentration. Some of the major factors driving the market are the demand for increased crop yield to feed the expanding population, need for highefficiency organic fertilizers, easy usage and application of liquid fertilizers and adoption of sustainable agricultural practices by farmers. Top companies are making strategic investments in the liquid fertilizer markets. Tessenderlo Groups business unit Tessenderlo Kerley International TKI has been continuously expanding its capacity of liquid sulfurbased fertilizers in the US.
In 2017, TKI has made a strategic investment in liquid fertilizers in Europe to strengthen its market position by constructing a ThioSul ammonium thiosulphate / ATS manufacturing plant in France
Major Key Players are Nutrien, Rural liquid fertilizer, Yara International, ICL Fertilizer, Haifa Chemicals Ltd, Compo Expert GmbH, Kugler Company, Agro liquid, Plant Food Company Incorporated, Tessenderlo Group, Nutra Flow, Agrotiger, FoxFar Soil Fertilizer Company
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