Global Liquid Fertilizers Market to Reach US$ 19.4 Billion by 2032, Driven by Increasing Demand for Efficient Nutrient Absorption

September 21, 2023 | Agriculture

According to the latest report by IMARC Group, titled “Liquid Fertilizers Market Report by Type (Nitrogen, Phosphorous, Potash, Micronutrients), Production Process (Organic, Synthetic), Crop (Grains and Cereals, Fruits and Vegetables, Oilseeds and Pulses, and Others), Mode of Application (Soil, Fertigation, Foliar, and Others), and Region 2024-2032,” the global liquid fertilizers market size reached US$ 14.9 Billion in 2023. Liquid fertilizers are nutrient solutions specifically formulated for plants and are applied in a liquid form. Unlike their granular counterparts, which require time to break down in the soil, liquid fertilizers are more quickly absorbed by plants. This rapid absorption allows for immediate nutrient availability, offering the potential for quicker responses to nutrient deficiencies. Liquid fertilizers generally contain essential macronutrients like nitrogen, phosphorus, and potassium (commonly known as N-P-K), as well as micronutrients like calcium, magnesium, and sulfur. Some specialized formulations also include trace elements such as zinc, iron, and manganese to support plant growth in a comprehensive manner. Applying liquid fertilizers is often done via a variety of methods, such as foliar spraying, fertigation, and direct soil application. Foliar spraying involves applying the liquid directly onto the leaves, which is effective for rapid nutrient uptake. Fertigation is the process of applying liquid fertilizers through irrigation systems, allowing for uniform distribution. Direct soil application aims to place the nutrients closer to the plant roots for better absorption.

Global Liquid Fertilizers Market Trends:

The immediate availability of nutrients upon application represents one of the key factors driving the growth of the market across the globe. This rapid absorption is crucial during critical growth stages, which makes liquid fertilizers highly effective for addressing nutrient deficiencies, thus fueling the growth of the market. In addition to this, liquid fertilizers are generally easier to apply than granular fertilizers which is influencing its demand. They are applied through various methods, such as foliar spraying and fertigation, allowing for flexibility and uniform coverage, which reduces labor and equipment costs, thus contributing to the growth of the market. The market is also driven by innovations in fertilizer manufacturing and application technologies which are leading to more efficient and eco-friendly liquid fertilizer products. These advancements make the products more appealing to farmers, which is leading to increased demand. In line with this, the rise of precision farming, which relies on data analytics and specialized equipment for crop management, aligns well with liquid fertilizers which is propelling the market growth. The precise application of nutrients, when and where they are needed, optimizes yield and resource utilization, thus boosting the market growth. As concerns about soil health and environmental sustainability become more prominent, liquid fertilizers offer a more targeted approach to nutrient application, which minimizes waste and potential environmental damage. Liquid fertilizers are associated with higher crop yields when compared to other types of fertilizers. The quick absorption and ease of application help plants receive essential nutrients in a timely manner, which leads to improved productivity. Governments worldwide are implementing policies that support sustainable farming practices, indirectly encouraging the use of efficient and environmentally friendly fertilizers like liquid formulations which is creating a positive outlook for the market across the globe. Looking forward, the market value is projected to reach US$ 19.4 Billion by 2032, expanding at a CAGR of 2.9% during 2024-2032.

Market Summary:

  • Based on the type, the market has been divided into nitrogen, phosphorus, potash, and micronutrients. Currently, nitrogen is dominating the market across the globe.
  • On the basis of the production processes, the market has been bifurcated into organic and synthetic. Presently, organic holds the largest market share across the globe.
  • Based on the crop, the market has been segmented into grains and cereals, fruits and vegetables, oils and pulses, and others. Currently, grains and cereals are dominating the market across the globe.
  • On the basis of the mode of application, the market has been categorized into soil, fertigation, foliar, and others. Presently, fertigation holds the largest market share across the globe.
  • Based on the region, the market has been divided into North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Presently, Asia Pacific holds the largest market share across the globe.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include AgroLiquid, COMPO Expert GmbH (Grupa Azoty S.A.), Haifa Group, ICL Group Ltd., K+S Aktiengesellschaft, Kugler Company, Nutrien Ltd., Nutri-Tech Solutions Pty Ltd., Plant Food Company Inc., Tessenderlo Group, Yara International ASA., etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Type, Production Process, Crop, Mode of Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered AgroLiquid, COMPO Expert GmbH (Grupa Azoty S.A.), Haifa Group, ICL Group Ltd., K+S Aktiengesellschaft, Kugler Company, Nutrien Ltd., Nutri-Tech Solutions Pty Ltd., Plant Food Company Inc., Tessenderlo Group and Yara International ASA.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

134 N 4th St.
Brooklyn, NY 11249, USA
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Liquid Fertilizers Market to Reach US$ 19.4 Billion by 2032, Driven by Increasing Demand for Efficient Nutrient Absorption
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-714-6104


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More