27.06.2018 Views

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.

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CURRENT AND FUTURE MARKET SCENARIO<br />

• The global liquid fertilizers market was valued at $11,108 million in 2016.<br />

• The global liquid fertilizers market is projected <strong>to</strong> reach <strong>$13</strong>,<strong>530</strong> million <strong>by</strong> <strong>2023</strong>.<br />

• The global liquid fertilizers market growing at a CAGR of 18.6% from 2017 <strong>to</strong> <strong>2023</strong>.<br />

• In terms of value, the fertigation mode of application is anticipated <strong>to</strong> exhibit the<br />

highest growth rate of 2.9% during the analysis period.<br />

• The potash type segment occupied nearly one-sixth of the <strong>to</strong>tal market in 2016.

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