Liquid fertilizers are preferred over granular fertilizers because of their quick action and ease of handling, blending, and application. These fertilizers can be easily absorbed through leaves and are particularly beneficial for plants which are unable to absorb certain nutrients through their roots. The foliar application of these fertilizers helps in correcting mid-season deficiencies in crops and providing supplements to the soil.
Moreover, liquid fertilizers provide a better pH balance to the soil required for the development of healthy plants. Such advantages including uniform application and easier blending with crop protection products, are responsible for the growing demand for these fertilizers, especially from developed regions such as North America. The ease of application offered by liquid fertilizers will be a significant factor fueling the growth of the liquid fertilizers market size at a CAGR of over 3% during the forecast period.
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Liquid nitrogen fertilizers to garner the highest share
Nitrogen liquid fertilizer is anticipated to contribute the highest share in the market during the forecast period as it plays a crucial role in providing nutrients to improve the overall plant health. Nitrogen fertilizers including ammonium nitrate (UAN) and calcium ammonium nitrate (CAN) support plant and leaf growth leading to improved vegetable and fruit production. In addition, the rising need for high crop yields will positively impact the demand for liquid nitrogen demand in the forthcoming years. Furthermore, the rising need to increase the productivity of arable lands is encouraging vendors to offer high-quality grades of liquid nitrogen fertilizers, which will boost market growth during the forecast period.
Growing awareness of organic fertilizers to boost growth
Organic fertilizers decompose easily in the soil and help enrich the nutrient quality of the soil. In addition, they prevent environmental hazards including agricultural runoff and hypertrophication to a large extent. Thus, the use of organic fertilizers is cost-effective and environment-friendly as they help in eliminating toxic residues from the soil and improve cultivation practices. Furthermore, other factors including the favorable government policies and subsidies, growing awareness about organic farming, and the increasing sale of organic food products are fostering the demand for organic fertilizers. Thus, with the growing awareness about eco-friendly fertilizers among farmers and cultivators, the global liquid fertilizer market is anticipated to witness significant growth during the next few years.
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