Liquid Fertilizers Market Predicted to Reach $13,530 Million by 2023
Demand for liquid fertilizers is increasing as development of precision farming methods, need for high-efficiency organic fertilizers, and rise in adoption of sustainable practices for the key players in the global liquid fertilizers market. The liquid fertilizers market is projected to reach $13,530 million by 2023 from $11,108 million in 2016, growing at a CAGR of 2.8% from 2017 to 2023. The nitrogen type segment accounted for more than half of the total market share in 2016. Download PDF Sample Copy@ https://www.alliedmarketresearch.com/request-sample/2250
Demand for liquid fertilizers is increasing as development of precision farming methods, need for high-efficiency organic fertilizers, and rise in adoption of sustainable practices for the key players in the global liquid fertilizers market.
The liquid fertilizers market is projected to reach $13,530 million by 2023 from $11,108 million in 2016, growing at a CAGR of 2.8% from 2017 to 2023. The nitrogen type segment accounted for more than half of the total market share in 2016.
Download PDF Sample Copy@ https://www.alliedmarketresearch.com/request-sample/2250
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TOP IMPACTING FACTORS TO MARKET GROWTH<br />
• Rapid rise in demand for high-efficiency fertilizers.<br />
• Ease of use and application.<br />
• Adoption of precision farming.<br />
• Protection of crops, and related environmental concerns.<br />
• Increase in need for agricultural output <strong>to</strong> cater <strong>to</strong> the global food requirements.<br />
TOP INVESTMENT POCKETS<br />
Foliar application is expected <strong>to</strong> grow at maximum CAGR as foliar spraying results in rapid uptake of<br />
nutrients <strong>by</strong> the soil. Moreover, foliar application of micronutrients acts as an efficient way of<br />
supplying micronutrients <strong>to</strong> the plant. In addition, spraying of liquid fertilizer on foliage results in<br />
increased nutrient absorption through the leaves in<strong>to</strong> the roots.
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