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(IndustryNews247.Com, January 23, 2017 ) The reduction in soil quality has thrusted the use of liquid fertilizers that assists farmers to boost their crop return by three to four times.
Moreover, there is also an increase in the demand for the proper utilization of fertilizers since the depletion of soil quality leads to micronutrient deficit in crops. This deficiency of micronutrients in the soil has driven the practice of employing liquid fertilizers.
The growth of the Global Liquid Fertilizers market is majorly driven by factors such as rising demand for high efficiency fertilizers, easy accessibility, and implementation of precision farming. However, factors such as limitations in the supply chain, growing apprehensions over health and environmental degradation, and the high costs involved in handling and storage are restraining the growth of the market.
The Global Liquid Fertilizers market is segmented based on Nutrient Type, Form, Mode of Application, and Crop Type. The market for Liquid Fertilizers, on the basis of Nutrient Type, is classified into Potassium, Micronutrients, Phosphate, and Nitrogen. The Nitrogen segment is the largest segment, by Nutrient Type, whereas the micronutrients segment is anticipated to grow at the highest CAGR during the forecast period. On the basis of Form, the global Liquid Fertilizers market is segmented into Organic and Synthetic. Under this segment, the organic liquid fertilizers are projected to grow at a faster speed than the synthetic fertilizers. On the basis of Mode of Application, the global Liquid Fertilizers market is segmented into Soil, Fertigation, Foliar, and Others. The foliar application of liquid fertilizers is the most frequently used technique as it aids in counterbalancing soil conditions and augmenting plant growth. On the basis of Crop Type, the global Liquid Fertilizers market is segmented into Oil seeds, Fruits & Vegetables, Grains & Cereals, and Others. By Crop type, Grains and cereals lead the global market for Liquid Fertilizers, whereas the fruits & vegetables segment is anticipated to grow at the highest CAGR during the forecast period.
Scope of the Report:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
The market has also been geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. Asia Pacific has been leading the global Liquid Fertilizers market and is also the fastest growing market due to its growing population, rising economy and widespread support from the government and other organizations to maximize agricultural production to meet food requirements. North America is the second major consumer of Liquid Fertilizers, followed by Europe and Latin America.
For more Details: http://www.marketdataforecast.com/market-reports/global-liquid-fertilizers-market-1355/request-sample
The market is categorized by the existence of diversified international and national companies, where the global retailers lead the market and are predicted to grow exponentially by securing regional or local players. These retailers pose a tough test for the small vendors in terms of price, accessibility, and variability. The major companies dominating the global Liquid Fertilizers market are Haifa Chemicals Ltd., Kugler Company, Yara International ASA, Israel Chemicals Ltd, Agrium Inc., and Sociedad Quimica Y Minera SA (SQM).
Market Data Forecast
Abhishek
+1-888- 702-9626
abhishek@marketdataforecast.com
Source: EmailWire.Com
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