Liquid Fertilizer Market

Liquid Fertilizer Market Overview

The global Liquid Fertilizer Market size was valued at USD 2.86 billion in 2024 and is predicted to reach USD 3.71 billion by 2030 with a CAGR of 5.4% from 2025-2030.

The factors such as rising focus on sustainable agriculture, rising demand of horticulture and floriculture, organic and bio-based products is driving the liquid fertilizer market growth. The primary drawback of liquid fertilizers is their high cost, that is a barrier to adoption, particularly for small-scale farmers in developing countries.

The top players such as Yara International, EuroChem, and Coromandel International are advancing through various initiatives such as investment in research and development for advanced liquid fertilizer formulations, expanding production facilities, strategic partnerships, and leading sustainable agriculture practices as a means of addressing the surge in demand for high-efficiency fertilizers globally. The IoT-enabled sensor, AI-driven data analytics, and automated irrigation systems that allow for optimal fertilizer application for the farmer with minimal waste and highest crop yields.

Rising Focus on Sustainable Agriculture Driving Growth in the Market

The growing emphasis on sustainable agriculture is driving the liquid fertilizer market, encouraging a shift toward eco-friendly and resource-efficient farming solutions. This trend is boosting the demand for liquid fertilizers, that offer enhanced nutrient absorption, reduced environmental impact, and improved soil health.

According to World Bank Group, in 2023. Agriculture, forestry and fishing contributed USD 4.36 trillion to the global value added in 2023, up from USD 3.53 trillion in 2019. This steady growth underscores the increasing importance of the agriculture sector in the global economy, highlighting opportunities for innovation, investment, and sustainable farming solutions.

The Rising Demand of Horticulture and Floriculture Drives the Market Growth

The global horticulture and floriculture also led to the rise of the market, as in both sector quality sustainable inputs are required for an increased crop yield and quality. Flora Culture International latest report stated that exports of ornamental plants worldwide are on the growth trend with 3.9% annual growth in the past five years. A growing demand for premium produce and ornamental plants underlined the importance of biofertilizers as essential tools to achieve superior output with environmental sustainability.

Rising Adoption Bio-Based Fertilizers Driving Market Growth

The increasing use of organic fertilizers are further driving the growth of the liquid fertilizer industry as an organic response to the increased demand for organic fertilizer by consumers and farmers looking for environmentally friendly growing practices. According to the Frontiers Media S.A in November 2023, the biobased fertilizers were produced at a biogas plant Waterleau New Energy in Ieper. This plant processes 12,000 m³ of biowaste annually, made up of 45% pig manure and 55% other organic materials such as grain waste, potato waste, glycerin, and sludge from industrial wastewater treatment.

High Costs Limiting Widespread Adoption of Liquid Fertilizers

The high cost of liquid fertilizers restricts their widespread adoption, especially among small-scale farmers in developing countries. These fertilizers often require advanced application equipment or systems, increasing initial investments and operational expenses. These factors create barriers for many farmers, reducing the overall adoption of liquid fertilizers.

Integration of Precision Agriculture Technologies Creates Opportunity

The expansion of precision farming techniques creates future growth opportunities for the market as farmers increasingly adopt data-driven approaches to optimize nutrient application and improve crop yields. Advanced technologies such as GPS-guided equipment, variable rate application (VRA), and remote sensing enable precise fertilizer distribution, reducing waste and enhancing soil health.

Market Segmentation and Scope of The Study

Liquid fertilizer market report is divided on the basis of product type, crop type, application method, and distribution channel. On the basis of product type, the market is divided into nitrogen fertilizers, phosphorus fertilizers, potassium fertilizers, and micronutrients fertilizers. On the basis of crop type, the market is divided into cereals and grains, fruits and vegetables, oilseeds, cash crops, others. On the basis of application method, the market is divided foliar application, soil application, fertigation, seed treatment. On the basis of distribution channel, the market is divided into Retail Stores, Online Sales, Agricultural Cooperatives, Distributors and Wholesalers. Regional breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

Asia-Pacific is the dominating region in the liquid fertilizer market share, driven by the expanding organic food market, with a growing share in global retail food sales. As organic farming continues to gain traction to meet consumer preferences for chemical-free and sustainably grown produce, the need for efficient and eco-friendly nutrient solutions is increasing. As per the reports published by Federal ministry of Food and Agriculture, China is the fourth-largest organic food market, with a turnover of USD 11.1 million, following Germany at USD 16.5 million. It holds an 8% share of the global organic food market, with organic products accounting for 7% of total retail food sales. This growth highlights the increasing consumer preference for organic and sustainable food options.

Additionally, the expanding agrochemical industry is contributing to market growth by enhancing crop productivity and addressing nutrient requirements. Liquid fertilizers, known for their adaptability, are gaining importance in intensive farming and sustainable agricultural practices, further supporting the advancement of agrochemical solutions. As per the Ministry of Commerce and Industry in May 2024, India's agrochemical exports performed remarkably well, growing at a 14% CAGR from FY19 to FY23, they amounted to USD 5.4 billion in FY23. On the other hand, imports increased at a slower pace of 6% CAGR during the same period, confirming India's net exporter status for agrochemicals. India's growing competitiveness in the global agrochemical market is evidential in this strong performance.

However, North America is the fastest-growing region in liquid fertilizer market.  The development of advanced liquid fertilizers with high solubility and precision application is driving market growth in the region. For instance, in June 2023, ICL launched a new liquid fertilizer, designed for high efficiency and precision in nutrient delivery. It features solubility and easy application, enhancing crop nutrition and supporting sustainable farming practices. This innovation aims to improve yields while reducing environmental impact, aligning with the growing liquid fertilizer market demand for advanced agricultural solutions.

Also, financial assistance and subsidies are making liquid fertilizers more accessible to farmers by reducing monetary constraints and promoting modern agricultural practices. Government advocacy and technical knowledge programs are enhancing awareness and adoption, further supporting the expansion of liquid fertilizers in sustainable farming. As per the latest statistics provided by the U.S Department of Agriculture, the government subsidized farms, through direct payment on farm programs with a subsidy amount of around USD 15.6 billion in 2023. This reflects the seriousness of the government in continuing to develop the agricultural sector and to ensure its sound economy.

Competitive Landscape

Various key players in the liquid fertilizer industry includes, Yara International ASA, Nutrien Ltd, Haifa Group, CF Industries Holdings, The Mosaic Company, EuroChem, Compo Expert, Grupa Azoty, Kugler Company, PhosAgro, AgroLiquid, Oci NV, OCP Group, Coromandel International Ltd, BASF SE.  These market players are opting strategies including product launches to maintain their dominance in the market.

Moreover, in March 2024, EuroChem launched its new phosphate fertilizer production facility in Serra do Salitre, State of Minas Gerais, Brazil. With a total project investment of nearly USD 1 billion, the new phosphate mine and plant complex constructed to increase the production capacity by 1 million tonnes of advanced phosphate fertilizers.

For instance, in December 2023, Yara International ASA introduced YaraAmplix, a new biostimulant brand, at the Biostimulant World Congress in Milan, Italy, addressing farmers' needs for improved crop resilience and nutrient efficiency. This launch reflects Yara's dedication to innovative solutions for sustainable agriculture.

Key Benefits

• The report provides quantitative analysis and estimations of the market from 2025 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep-dive analysis of the current and future liquid fertilizer market trends to depict prevalent investment pockets in the industry.

• Information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

Liquid Fertilizer Market Key Segments

By Product Type 

• Nitrogen Fertilizers

  • Urea

  • Ammonium nitrate

• Phosphorus Fertilizers

  • Phosphoric acid

  • Monoammonium phosphate (MAP)

  • Diammonium phosphate (DAP)

• Potassium Fertilizers

  • Potassium chloride

  • Potassium sulfate

• Micronutrients Fertilizers

  • Zinc

  • Iron

  • Manganese

  • Copper

  • Organic Liquid Fertilizers

  • Seaweed extracts

  • Fish emulsion

  • Compost tea

  • Others

By Crop Type

• Cereals and Grains

• Fruits and Vegetables

• Oilseeds

• Cash Crops

• Others

By Application Method

• Foliar Application

• Soil Application

• Fertigation

• Seed Treatment

By Distribution Channel

• Retail Stores

• Online Sales

• Agricultural Cooperatives

• Distributors and Wholesalers

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France 

  • Italy        

  • Spain

  • Denmark

  • Netherlands 

  • Finland

  • Sweden

  • Norway

  • Russia

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia-Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

Key Players

• Yara International ASA

• Nutrien Ltd

• Haifa Group

• CF Industries Holdings

• The Mosaic Company

• EuroChem

• Compo Expert

• Grupa Azoty

• Kugler Company

• PhosAgro

• AgroLiquid

• Oci NV

• OCP Group

• Coromandel International Ltd.

• BASF SE

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Market Size in 2024	USD 2.86 Billion
Revenue Forecast in 2030	USD 3.71 Billion
Growth Rate	CAGR of 5.4% from 2024 to 2030
Analysis Period	2024–2030
Base Year Considered	2024
Forecast Period	2025–2030
Market Size Estimation	Billion (USD)
Growth Factors	The growing emphasis on sustainable agriculture is driving the market The global horticulture and floriculture also led to the rise of the market. The increasing use of organic fertilizers are further driving the growth of the market.
Countries Covered	28
Companies Profiled	15
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent to up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.