Australia Liquid Fertilizers Market Demand and Opportunities Forecast 2022: Research with COVID-19 Impact, Trending Technologies, Development Plans and Future Growth Forecast 2031

Kenneth Research recently added a report on Australia Liquid Fertilizers Market which provides an in-depth analysis of the market scenario based on the market size and the compound annual growth rate (CAGR) of the market over the forecast period, i.e., 2022-2031. The European Chemical Industry Council, in one of its statistics, stated that, Europe is the second largest producer of chemicals globally and is further predicted to observe a significant growth in the coming years. In the year 2018, out of the top 10 chemical producing countries in the world, two countries belonged to Europe that generated a sales revenue of 19.1% of the total sales revenue globally. Moreover, the sales of chemicals in Europe grew from 2017 by 2.8% in 2018.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Australia Liquid Fertilizers Market products.

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Moreover, amongst all the continents that used pesticides, Asia registered as the largest user of pesticides by attaining a share of 52.4% in the year 2018. It was followed by the Americas, Europe, Africa and Oceania with 32.3%, 11.6%, 2% and 1.7% respectively. The statistics also stated that China was the largest user of pesticides amongst all the nations worldwide, utilizing 1,763,000 tonnes of pesticides for agricultural use.

Advancements that Swayed Australia Liquid Fertilizers Market

‘Nutrian Liquid Fertiliser’ have announced improvement of liquid nutrient efficiency and crop yields
‘Incitec Pivot Fertilisers’ has announced the new fertilizer distribution facility at Port Adelaide which is worth USD 25 Million
Yara Australia expands its Boundary Bend Plant in Victoria

Mega Trends to Influence Australia Liquid Fertilizers Market
Liquid fertilizer manufacturers are heavily investing in research and development activities to expand their business and fortify their economic prospects. For example, ‘Nutrian’ launched EZYFLOW Lupinbud to ensure essential crop nutrition & cater to soil moisture stress caused during rainfall period.
Manufacturing companies are focused on formulating liquid fertilizers that could work as a combination of fertilizers and pesticides/herbicides in order to reduce the overall chemical burden on soil for broadacre and home garden applications.

Market Overview and Highlights
All agricultural resources are impacted by the seasonality; due to which different formulations of liquid fertilizers are available that cater to this need. This allows farmers to keep up with the demand even during off season. Australia liquid fertilizers market reached USD 488.7 Million in terms of value in 2016 and is expected to reach USD 645.8 Million by the end of 2024, expanding at a CAGR of 3.7% over the period 2017-2024 owing to the factors such as rising demand for innovative methods, high adoption and technological enhancement of liquid fertilizers.

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Market Segmentation Synopsis

By Ingredient Type
Australia liquid fertilizers market is segmented on the basis of ingredient type into organic and synthetic. Synthetic segment dominated the overall Australia liquid fertilizers market under ingredient section by reaching 96.8% of share in terms of volume and is further projected to dominate the market with significant share during the forecast period. Further, organic segment is anticipated to reach USD 33.6 Million by the end of 2024.

By Crop Type
Australia liquid fertilizers market is segmented on the basis of crop type into grain, horticulture, irrigated crops and others, out of which, grain segment is anticipated to have the largest share by 2024. In the terms of volume, the grain liquid fertilizers segment is forecasted to reach 194.8 thousand tonnes by the end of 2024. Further, the horticulture segment is projected to observe a growth rate of 1.2x in the terms of volume over the forecast period.

By Micronutrients Type
Further, Australia liquid fertilizers market is segmented on the basis of micronutrients type into nitrogen, phosphate and potassium among other micronutrients. Nitrogen liquid fertilizers segment is anticipated to have largest share by the end of 2024. Further, in the terms of volume, this segment is anticipated to flourish at a CAGR of 2.4% over the forecast period.

By Mode of Application
Australia liquid fertilizers market is segmented on the basis of mode of applications into starter solutions, foliar application, fertigation, injection into soil and aerial applications. Foliar application liquid fertilizers occupied the largest market of Australia liquid fertilizers. In terms of value, the starter solutions segment is anticipated to achieve absolute $ opportunity of USD 25.8 Million between 2017 and 2024.

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The study further analysis the Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).

Market Drivers & Challenges
Gain Indicators
The liquid fertilizers are easier to use as compared to other types of fertilizers as they require minimal labor due to their versatile application methods. They could be applied using spray bottles for a small lawn or channeled through irrigation or sprinkler system for broadacre application. Further, the rising population along with increasing food consumption is increasing the demand for liquid fertilizers with innovative technology. In addition to that, growing demand for essential food products such as fruits and vegetables is believed to propel the growth of the Australia liquid fertilizers market during the forecast period.

Barriers
Presence of alternative agricultural practices that avoid the usage of fertilizers combined with strong regulations of usage and trade of various fertilizer components is expected to slow down the growth rate of liquid fertilizer market in the years ahead. Further, the initial investment and rising cost of raw materials might hinder the growth of the market.

Competitive Landscape
Some of the affluent business leaders in Australia liquid fertilizers market are Incitec Pivot Fertilisers, Yara International ASA, FertPro Manufacturing Pty. Ltd., Rural Liquid Fertilisers (RLF), Sustainable Liquid Technology Pty Ltd., CSBP Limited, Nutrian Liquid Fertiliser, Western Fertilizer Technology Pty Ltd., Kemgro Crop solutions, Stoller Australia Pty Ltd., Greenline Industries, Omnia Specialities Australia, Spraygro Liquid Fertilizers, Cropping Solutions (Aust) Pty Ltd.

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positioning
Incitec Pivot Fertilisers, a leading manufacturer and marketer of fertilizers marked the significant market share of 45.3% in overall Australia Liquid Fertilizers Market, followed by CSBP Limited with market share of 10.0% during 2017.

As a whole, other key players are also focusing on the development of liquid fertilizers to supplement the overall growth of the liquid fertilizers market in Australia.

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