North America Liquid Fertilizers Market Size (2024-2030)

The North America Liquid Fertilizers Market was valued at USD 6.86 Billion in 2023. Over the forecast period of 2024-2030, it is projected to reach USD 8.21 billion by 2030, growing at a CAGR of 2.6%.

Liquid fertilizers supply essential nutrients to plants at optimal times and under various conditions. These fertilizers are designed to be absorbed through the leaf pores and root systems of plants. Rich in growth hormones and micronutrients, they are commonly utilized to cultivate crops like maize. They function as catalysts, enhancing a plant's nutrient uptake. Liquid fertilizers facilitate the quick establishment of seedlings and promote early plant growth.

Furthermore, with the anticipated increase in food demand to sustain the growing global population, the significance of agriculture becomes even more pronounced, as it remains the primary method for large-scale food production. However, arable land is limited, and opportunities to expand agricultural land are diminishing. In fact, the availability of land for farming has declined due to urbanization, soil degradation, and pollution. To ensure adequate food production for all, it is crucial to maximize yields per unit area. This can be achieved through the careful application of fertilizers alongside other advanced agricultural practices.

Key Market Insights:

• The growing adoption of precision agriculture technology is contributing to market expansion, as variable rate technology (VRT) necessitates the use of liquid fertilizers, with approximately 77% of VRT farming utilizing these products.
• In contrast, the adoption rates for VRT applications in pesticides and seeds remain relatively low, estimated at 11% and 7%, respectively. Among the fertilizers employed in VRT practices, lime-based fertilizers hold the largest market share, followed by single-nutrient and multiple-nutrient fertilizers.

• Given these dynamics, the consumption of liquid fertilizers in the United States is expected to experience significant growth during the forecast period.

North America Liquid Fertilizers Market Drivers:

The adoption of sustainable agriculture practices is a key driver of liquid fertilizers market growth in North America.

The management of agricultural production is increasingly focused on environmental sustainability, with a notable rise in the adoption of organic farming practices in North America as a viable alternative to conventional methods. Organic agriculture is considered an environmentally friendly system, particularly in light of concerns regarding the health issues and environmental pollution associated with mineral fertilizers. These changes are expected to influence the production, handling, and marketing of organic products, ultimately fostering the growth of organic ingredients in the liquid fertilizer market within the region.

The rapid increase in population in North America is expected to significantly enhance liquid fertilizers demand driving market growth.

The demand for fertilizers in North America is projected to increase due to population growth, driving the compound annual growth rate (CAGR) of the market. Fertilizers enhance crop development by improving soil fertility, which in turn boosts agricultural productivity. As the population expands, the need for food rises correspondingly. Additionally, growing awareness initiatives aimed at educating farmers about the benefits of fertilizers—such as promotional campaigns through television and workshops—are expected to further stimulate the fertilizer market.

North America Liquid Fertilizers Market Restraints and Challenges:

A lack of awareness serves as an obstacle to the expansion of the liquid fertilizers market in North America.

The expansion of the liquid fertilizer market encounters challenges due to limited awareness about the optimal use of fertilizers and increasing uncertainties related to environmental policies in the region. Many farmers and agribusinesses may not fully grasp how to effectively utilize liquid fertilizers, which can diminish the potential benefits these products offer. Furthermore, the rising focus on environmental sustainability and the enforcement of strict regulations aimed at reducing agricultural runoff and mitigating ecological impact introduce uncertainties within the industry.

North America Liquid Fertilizers Market Opportunities:

The liquid fertilizer industry is currently experiencing significant evolution, driven by several key trends. One prominent trend is the transition towards advanced formulations that prioritize enhanced nutrient efficiency and environmental sustainability. Innovations in liquid fertilizers aim to minimize nutrient runoff and lessen environmental impact, reflecting the broader shift towards sustainable agricultural practices.

Additionally, precision agriculture is increasingly incorporating liquid fertilizers, leveraging technologies such as variable rate application systems and soil health sensors to optimize fertilizer usage and boost crop yields. These developments underscore the industry's commitment to improving agricultural efficiency while promoting environmental stewardship.

NORTH AMERICA LIQUID FERTILIZERS MARKET REPORT COVERAGE:

North America Liquid Fertilizers Market Segmentation:

North America Liquid Fertilizers Market Segmentation- By Nutrient Type:

• Nitrogen
• Potassium
• Phosphate
• Micronutrients

The nitrogen segment currently leads the market and is expected to be the fastest-growing segment during the forecast period, driven by strong demand in agriculture. Phosphorus-based liquid fertilizers are utilized to enhance root development and promote crop maturity. In contrast, potassium-based liquid fertilizers improve plant stress tolerance, disease resistance, and overall crop yield. Each type of liquid fertilizer offers distinct benefits and applications, highlighting the importance for farmers to select the appropriate liquid fertilizer based on the specific needs of their crops.

North America Liquid Fertilizers Market Segmentation-  By Ingredient Type:

• Organic
• Synthetic

The organic segment accounted for the largest share of revenue in the liquid fertilizer market. This is primarily attributed to the fact that organic liquid fertilizers are derived from natural materials such as compost, animal manure, and seaweed, making them more environmentally friendly compared to synthetic fertilizers. They offer slow-release nutrients that are readily absorbed by plants and contribute to improved soil health.

North America Liquid Fertilizers Market Segmentation- By Mode of Application:

• Starter Solution
• Foliar Application
• Fertigation
• Injection into Soil
• Aerial Application

The fertigation category has generated the highest revenue due to the growing adoption of water-soluble fertilizers. This method involves applying fertilizers through an irrigation system after mixing them with water, typically using drip systems or micro-sprinklers. Furthermore, increased efforts and investments in the development of advanced, high-capacity fertilizer sprinklers are expected to further accelerate market growth.

North America Liquid Fertilizers Market Segmentation-  By Application:

• Grains & Cereals
• Pulses & Oilseeds
• Commercial Crops
• Fruits & Vegetables
• Turf & Ornamentals

The field crops category has generated the highest income, with over 95% of the agricultural area in this region dedicated to field crop production. Approximately 69% of the region's total arable land is located in the United States, where field crops are grown on 84% of this land. Several factors contribute to this growth, including advancements in farming practices, innovations in fertilizer technology, shifts in consumer preferences for specific crops, and government regulations related to agricultural subsidies and incentives. Additionally, factors such as soil health, pest management, and climate change may also influence the demand for fertilizers in the field crops market.

North America Liquid Fertilizers Market Segmentation- by region

• U.S
• Canada
• Mexico

In North America, the United States and Canada account for over 90% of the fertilizer market's value and volume. Despite having phosphate and potash resources, the region remains a net importer, sourcing more than half of its nitrogenous fertilizers and over 85% of its potash from international suppliers. North America is estimated to be the largest consumer of liquid fertilizers, with the US, Canada, and Mexico being the primary markets, and the US leading in this segment. The dominance of the United States in the North American fertilizer market is expected to drive growth during the forecast period.

In the region, the prevalence of acidic soils necessitates the use of nitrogen fertilizers to maintain optimal pH levels, which is a key factor driving the growth of the liquid nitrogen-based fertilizer market. The rising demand for highly efficient fertilizers, coupled with the increasing need for

liquid fertilizers, is anticipated to grow in the coming years. Additionally, the recent surge in nutrient-rich liquid fertilizers, aimed at enhancing crop yield and productivity, is proving to be a significant market driver.

COVID-19 Pandemic: Impact Analysis

In the North American region, the COVID-19 pandemic has significantly impacted the liquid fertilizer market. The widespread outbreak has affected various facets of the industry, including labor shortages, challenges in procuring raw materials, and trade restrictions, leading to supply chain disruptions. Additionally, the pandemic disrupted the distribution channels for liquid fertilizers through traditional retail outlets, prompting consumers to increasingly turn to online sales channels for purchasing fertilizer products.

Latest Trends/ Developments:

In September 2022, Summit Nutrients LLC, a precision-based manufacturer and marketer of bio-nutritional and fertilizer products, including liquid fertilizers, acquired AGVNT LLC, a research and development company focused on nutritional efficiency.

In March 2021, Mosaic announced a collaboration with Sound Agriculture to develop and market a solution aimed at maximizing nutrient efficiency. Mosaic will handle field development, sales, marketing, and regulatory matters, while Sound Agriculture will focus on the manufacturing and formulation of the active ingredient. This innovative product utilizes bio-inspired chemistry from Sound Agriculture to stimulate the soil microbiome, providing essential nutrients to plants and enabling producers to optimize fertilizer inputs. The US market is expected to see its release in 2023.

Key Players:

These are top 10 players in the North America Liquid Fertilizers Market :-

1. CF Industries Holdings, Inc.
2. ICL Fertilizers
3. Yara International ASA
4. Haifa Group Ltd
5. Koch Industries Inc.
6. The Mosaic Co.
7. The Andersons Inc.
8. Nutrien Ltd.
9. Sociedad Quimica y Minera de Chile SA
10. Wilbur-Ellis Company LLC