The requirement to increase the crop yield, easy usage and application of liquid fertilisers, need for high-efficiency organic fertilisers, and adoption of sustainable agricultural practices by farmers are the key factors driving the growth of this market.
Seattle, WA -- (SBWIRE) -- 10/22/2019 -- The analysts forecast the global liquid fertiliser market to exhibit a CAGR of 2.96% during the period 2019-2024. The report covers the present scenario and the growth prospects of the global liquid fertiliser for 2019-2024. To calculate the market size, the report considers the liquid fertiliser sales volume and revenue.
Liquid fertilisers offer several advantages, such as reduce the negative impact of nutrients by leaching into water reservoirs; more durable and highly efficient yield; and convenience of usage, which, in turn, help in the growth of the market. The liquid fertilisers market is expanding with the emergence of highly efficient crop production in the arable land. These fertilisers are being used for crops such as cereals, fruits & vegetables, and oil seeds & pulses. The base year considered for the study is 2015, and the forecast has been provided for the period between 2019 and 2024.
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During this research study, major players operating in the liquid fertilisers market in various regions have been identified, and their offerings, regional presence, and distribution channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Factiva, along with primary respondents.
The entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) pertaining to the market. The figure below shows the breakdown of the primaries on the basis of the company type, designation, and region considered during the research study.
Key players considered in the analysis of the liquid fertilizers market are Hebei Monband Water Soluble Fertilizer Co., Ltd., Israel Chemicals Ltd. (ICL), Nutrien Ltd., Shandong Taibao Biotechnology Co., Ltd., K+S AKTIENGESELLSCHAFT, Yara International ASA, Agrium Inc., Israel Chemical Ltd., and Sociedad Quimica YMinera SA (SQM), Haifa Chemicals Ltd., Compo Expert GmbH, AgroLiquid, Kugler Company, and Plant Food Company, Inc.
The liquid fertilisers market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period. The increase in the population and the support from governments as well as national and international associations to increase the production of oil seeds, grains, fruits, and vegetables to cater to the consumer demands, has increased the growth of liquid fertilisers market in this region. Increasing consumption of fertilisers and decreasing arable land are the key reasons that are driving the market for liquid fertilisers in Asia Pacific.
The report is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalising on market opportunities. Key target audience are:
- Manufacturers of liquid fertiliser
- Raw material suppliers
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organisations, forums and alliances related to liquid fertiliser
The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with liquid fertiliser suppliers and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports, and proprietary databases.
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