세계 액체 비료 시장 규모는 2023년 30억 1,000만 달러에서 2031년 41억 1,000만 달러에 달할 것으로 예상되며, 예측 기간인 2024년부터 2031년까지 연평균 3.98% 성장할 것으로 예상됩니다. 시장은 현대 농업에서 고효율 영양소에 대한 수요 증가로 인해 일관된 성장 추세를 보이고 있습니다. 액체 비료는 필요한 영양분을 작물에 직접 효율적으로 공급하고 빠르게 흡수하여 성장을 가속하는 수단으로 간주됩니다. 관개 및 엽면살포를 포함한 정밀 농업의 기술은 액체 비료에 대한 수요를 강화하고 있습니다.
또한, 액체 비료는 낭비를 줄이고 자원 활용을 개선해 목표에 맞는 적용을 가능하게 합니다. 이러한 비료는 다양한 작물, 토양, 기후에 맞는 맞춤형 품종으로 인기를 얻고 있으며, 다양한 지역의 농부들에게 선택의 폭을 넓혀주고 있습니다.
시장의 변화는 유기질 비료와 친환경 비료의 인기 상승과 같은 지속가능성 트렌드에 힘입은 바 큽니다. 바이오 비료로의 전환은 기존 비료가 환경에 미치는 영향을 최소화하면서 토양의 건강성을 회복하는 지속 가능한 농업에 대한 인식이 높아지면서 나타난 현상입니다. 각국 정부는 친환경 농업 투입을 장려하고 유리한 정책과 보조금을 제공함으로써 이러한 노력을 지원하고 있습니다.
또한, 액체 비료의 제형 기술의 새로운 발전으로 인해 영양 성분이 더욱 명확해지고 다양한 농업 시스템에서 성능을 발휘하여 효능이 강화되었습니다. 결과적으로 액체 비료 시장은 농업 발전, 자원 최적화 및 지속 가능한 식량 생산에 대한 지속적인 수요에 따라 성장 궤도를 유지할 것으로 예상됩니다.
2024년 7월, EnviroKure, Inc.는 자사의 인기 액체 바이오 비료 BioStim의 성공을 바탕으로 미생물 컨소시엄을 강화하여 1에이커당 1갤런의 처리량을 줄인 최신 액상 바이오 비료인 PhylloZone을 발표했습니다. 갤런당 처리량을 1갤런으로 줄였습니다.
이 보고서는 세계 액체 비료 시장에 대해 조사 분석했으며, 시장 규모와 예측, 시장 역학, 주요 기업 현황 등을 제공합니다.
Global liquid fertilizers market is projected to witness a CAGR of 3.98% during the forecast period 2024-2031, growing from USD 3.01 billion in 2023 to USD 4.11 billion in 2031. The market has experienced a consistent growth trend owing to the increasing demand for highly efficient nutrients in modern agriculture. Liquid fertilizers are regarded as a means through which essential nutrients may be effectively delivered directly to crops for ready uptake and, thus, enhanced growth. Precision agriculture methods, including fertigation and foliar application, strengthen the demand for liquid fertilizers.
Moreover, liquid fertilizers ensure targeted application with lower wastage and improved utilization of resources. These fertilizers are gaining popularity due to their tailor-made varieties for different crops, soils, and climates, opening the choice to farmers of varying regions.
Changes in the market are driven by sustainability trends with the rising popularity of organic and environmentally friendly fertilizers. The transition towards bio-based fertilizers is a manifestation of a growing realization of the reality of sustainable farming practices oriented towards restoring soil health while minimizing conventional fertilizers' environmental footprint. Governments support such initiatives by promoting eco-friendly agricultural inputs and providing favorable policies and subsidies.
Also, new advances in technology for the formulation of liquid fertilizers intensify their efficacies through more defined nutritional compositions and performance across different farming systems. Consequently, the liquid fertilizers market is expected to maintain a growth path based on the ongoing demands for agricultural development, resource optimization, and sustainable food production practices.
In July 2024, EnviroKure, Inc. introduced its latest liquid biofertilizer, PhylloZone, for foliar application. PhylloZone builds on the proven success of the company's popular liquid biofertilizer, BioStim, by boosting microbial consortia and reducing treatment rates to one gallon per acre.
Technological Innovations to Catalyze Market Expansion
Technological innovations are increasingly important in driving the development of the global liquid fertilizers market. Advanced formulations offer the perfect nutrient composition matching the needs of specific crops, increasing nutrient uptake efficiency and lowering wastage. For instance, controlled-release liquid fertilizers provide sustained release of nutrients over time to improve the health and yield of crops. Such technologies, along with better fertigation and foliar techniques, placed in the context of modern precision agriculture technologies, such as sensors and GPS, are helping farmers to apply liquid fertilizers precisely. It optimizes resource use and minimizes their impact on the environment.
These innovations aid in bio-fertilizers and eco-friendly liquid fertilizers, which conform to the increasing demand for sustainable farming methods. The continued evolution of agricultural technologies is expected to enhance liquid fertilizers' efficiency, effectiveness, and sustainability, fostering their adoption and ensuring sustained growth for the market.
In February 2023, a maker and distributor of liquid fertilizers, Vantage Ag, introduced its first product utilizing its in-house developed nanotechnology platform. It is an effective nanoparticle composition intended to coat and enter plant tissues. The newly developed liquid sulfur product has sulfur particles smaller than one nanometer so that nutrients can be fully bioavailable and swiftly taken and digested by the plant.
More Precise Application Methods to Influence Market Growth
The main reason liquid fertilizers have captured the attention of modern agriculture is efficiency and accuracy. Unlike their solid counterparts, liquid fertilizers feed nutrients to plants in a readily available form that can be absorbed more quickly and effectively than solid ones, increasing growth rates for better yields. Some of the most effective fertilizer applications involve precision techniques, such as fertigation and foliar spraying, providing crop-specific applications that guarantee nutrients according to the need.
This targeted technique helps reduce nutrient waste, optimize fertilizer use, and minimize environmental impacts. It allows farmers to manage the level of nutrient application according to the real-time demands of crops, thus ensuring more efficient resource use. With precision agriculture technologies, such as GPS and sensors, liquid fertilizers are applied more precisely, improving overall crop management. The higher efficiency of liquid fertilizers makes them integral to sustainable and high-output farming systems.
In April 2023, IFFCO launched its latest liquid fertilizer, Nano Di-Ammonia Phosphate (DAP) Liquid Fertilizer. The launch of liquid DAP is intended to replace granular DAP by approximately 90 lakh metric tons. Eighteen crore bottles of liquid DAP are expected to be manufactured by FY2025-FY2026 through the company's three Nano DAP plants.
Organic Liquid Fertilizers to be The Fastest Growing Segment
Organic liquid fertilizers are the fastest-growing segment of the liquid fertilizers industry. These have gained popularity due to more users looking for sustainable, eco-friendly farming practices. Organic materials such as plant extracts, animal waste, compost, etc., help control soil health, prevent the destruction of biodiversity, and limit the risk of chemical contamination of crops and water.
Growing demand from consumers for organic food coupled with awareness of environmental conservation are making farmers shift towards organic liquid fertilizers, which helps them manage the demand in the market and for regulatory purposes. According to a USDA study released in November 2023, the overall land in the United States with an organic certification increased to 4.89 million acres in 2021. Furthermore, during the past 20 years, more government investments have been approved to assist USDA projects that promote organic research. The Organic Agriculture Research and Extension Initiative's required spending authorization has increased from USD 3 million in 2002 to USD 50 million in 2023. This trend is expected to continue and add to the high growth rate in the organic liquid fertilizers market in the future as well.
North America to Dominate the Market Share
North America holds the highest share of the global liquid fertilizers market due to advanced agricultural practices coupled with high precision farming adoption. The region boasts a developed farm infrastructure; at the same time, a growing need for above-average crop yields is geared towards the meeting of both domestic and global food consumption needs. In general, the widespread application of liquid fertilizers by farmers in the United States and Canada is based on the heightened recognition of new technologies that emphasize nutrient efficiency and low environmental impact, such as fertigation and foliar application.
Apart from this, government support for sustainable agriculture and a gradual shift toward organic farming will gain momentum for the liquid fertilizer market. North America dominates liquid fertilizer usage across the globe due to its technological superiority and emphasis on maximizing agricultural productivity.
Several companies are working on introducing new products in the region to capitalize on its dominance. For instance, in June 2023, under their Nova brand of water-soluble fertilizers, ICL Group, owned by Everris International B.V., introduced a new range of sophisticated foliar and fertigation solutions in North America. Nova FINISH, Nova PULSE, Nova ELEVATE, and Nova FLOW are some of the flagship products. These solutions are developed to efficiently meet crop nutrient requirements to maximize solubility and offer a high degree of compatibility with most herbicides and crop protectants. They focus on offering high-purity, water-soluble N-P-Ks, and micronutrients.
Future Market Scenario (2024 - 2031F)
Consumers and government entities will continue to focus on sustainable agriculture, emphasizing ecologically friendly and bio-based liquid fertilizers.
The scope to enhance controlled-release and custom nutrient blends will be further developed to intensify efficiency and crop-specific solutions, reducing the negative environmental impacts.
The impact of climate change will be significant in the agricultural sector, focusing on the increased applications of liquid fertilizers.
Key Players Landscape and Outlook
The liquid fertilizers market is characterized by a diverse landscape of key players significantly influencing product innovation and market dynamics. Major companies focus on developing high-quality, nutrient-rich formulations tailored to the specific requirements of various crops and growing conditions. They invest in research and development to create advanced products that enhance plant growth, improve yield, and minimize environmental impact.
Furthermore, these players increasingly adopt sustainable practices and promote eco-friendly formulations to address growing environmental concerns. Precision agriculture techniques are on the rise, allowing for more efficient application of liquid fertilizers, ultimately leading to better resource management and cost savings for farmers.
The competitive landscape is expected to evolve as companies expand their geographical reach and form strategic partnerships to strengthen their market presence. With the increasing demand for food production due to global population growth, the outlook for the liquid fertilizers market remains positive, presenting opportunities for innovation, collaboration, and sustainable practices that align with the evolving needs of the agricultural sector. In May 2023, Biota Nutri BV and Fernland Agencies Pty Ltd announced a distribution arrangement under which Fernland was chosen by Biota, an Australian manufacturer of organic fertilizers, to serve as its distributor. As a result of this collaboration, Fernland is the sole distributor of Biota's plant-based Nutri products in Australia, bringing the country's first organic and vegan-friendly liquid fertilizers.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.