North America Liquid Fertilizer Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.85 Billion |
| Market Size (2029) | USD 3.58 Billion |
| CAGR (2024 - 2029) | 4.70 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Liquid Fertilizer Market Analysis
The North America Liquid Fertilizers Market size is estimated at USD 2.85 billion in 2024, and is expected to reach USD 3.58 billion by 2029, growing at a CAGR of 4.70% during the forecast period (2024-2029).
In the North American region, the outbreak of the COVID-19 pandemic has had a significant effect on the liquid fertilizer market. Consequently, the widespread COVID-19 pandemic across North America has impacted various aspects of the industry, such as labor shortages, procurement of raw materials, and restrictions on trade resulting in supply chain disruptions. Further, the pandemic interrupted the distribution channel of the liquid fertilizer industry through fertilizer stores, which caused a shift of consumers toward online sales channels to buy fertilizer products.
North America is estimated to be the second-largest consumer of liquid fertilizers. Within the region, the US, Canada, and Mexico are the largest markets for liquid fertilizer, with the US dominating the market. In the North American region, the lands are acidic, and using nitrogen fertilizers helps maintain the desirable pH level of the soil, which is one of the major drivers for the growth of the liquid nitrogen-based fertilizer market.
The increasing demand for highly efficient fertilizers across North America, along with the demand for liquid fertilizer, is expected to increase during the coming years in the region. The recent rise in high nutrient-based liquid fertilizers, wherein with growing crop yield and productivity among the growers, is proving to be a major driver for the market.
Urea is the most widely used liquid nitrogenous fertilizer in the region. The liquid micronutrient segment of the North American liquid fertilizer market is growing at a rapid pace, and the growth can be attributed to the rising demand for food grains and increasing soil deficiency.
North America Liquid Fertilizer Market Trends
This section covers the major market trends shaping the North America Liquid Fertilizers Market according to our research experts:
Adoption of Sustainable Agriculture Practices
The management of agricultural production is presently focused on a greater commitment to environmental sustainability, for which the rising adoption of organic agriculture, accepted by the North American region as an alternative to conventional agriculture, appears to be an environmentally friendly growing system since mineral fertilizers are responsible for health problems and environmental pollution. According to Fertilizer Canada, in 2019, the usage of nitrogen and phosphorus nutrients by the growers in the high yield categories for which utilization of 65.8% is used in the high yield category, followed by 55.6% for moderate yield, and 54.8% for low yield in the soil samples exclusively for corn, soybean, and canola crops in Canada, which will boost the demand of the liquid fertilizer for covering all modes of applications in the crops.
In August 2020, the United States of America's National Organic Program (NOP) proposed changes to the US Department of Agriculture (USDA) organic regulation aiming to strengthen oversight and compliance to the organic principles along the supply chain, which will impact the production, handling, and marketing of organic products, thereby, in turn, enhance the growth of the organic ingredients in the liquid fertilizer market in the region.
United States Dominates The Market
Liquid fertilizers hold the largest share of consumption in the United States within the North American region. More than one-fourth of the fertilizers used in the United States are liquid fertilizers.
The factors that are expected to drive the liquid fertilizer market in the United States are the easy application and the availability of large wagons to fill the liquid fertilizers. Additionally, the high adoption of precision agriculture technology is driving market growth, as the use of variable rate technology (VRT) requires the use of liquid fertilizers. Around 77% of VRT farming use fertilizers. However, the adoption of VRT farming for pesticides and seeds is quite low, estimated to be 11% and 7%, respectively. Among the fertilizers used in VRT, lime-based fertilizers have the largest share, followed by single nutrient and multiple nutrient fertilizers. Owing to these factors, the consumption of liquid fertilizers in the United States may increase at a high rate during the forecast period.
Liquid fertilizer applications to corn and soybean plants have become a common practice in crop production during the past few years in the United States. According to the research conducted by the Soybean Management and Research Technology (SMaRT) project in 2017, the prescription-based foliar fertilizer mixture increased soybean yields at three of the 20 sites (15% of the time).
North America Liquid Fertilizer Industry Overview
The North American market is Slightly consolidated, with major players occupying a share of 39.7% and others accounting for 60.3% of the total shares. Yara International, Nutrien Ltd, ICL Group, and Agro Liquid are the key players in the market studied. As per the key developments observed during the review period, product launches and partnerships are the most adopted strategies by the dominant players in the market, followed by mergers and acquisitions. The major players in the market studied are increasing their product portfolio by partnering with other players in the region to maintain their position in the market.
North America Liquid Fertilizer Market Leaders
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Nutrien Ltd.
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AgroLiquid
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Haifa Group
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Yara International
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ICL Group
*Disclaimer: Major Players sorted in no particular order
North America Liquid Fertilizer Market News
In September 2022, Summit Nutrients LLC, a precision-based manufacturer, and marketer of bio-nutritional and fertilizer products, including liquid fertilizers, acquired AGVNT LLC, an R&D company focused on nutritional efficiency.
In June 2021, IFFCO, one of the largest fertilizer manufacturers in India, launched Urea Nano Fertilizers, available in 500ml bottles, which the company claims can replace a 50kg bag of conventional urea.
In January 2021, Haifa company introduced a new range of plant supplements Haifa complements that was intended to help growers to produce better yields.
North America Liquid Fertilizer Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Nutrient Type
- 5.1.1 Nitrogen
- 5.1.2 Potassium
- 5.1.3 Phosphate
- 5.1.4 Micronutrients
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5.2 Ingredient Type
- 5.2.1 Organic
- 5.2.2 Synthetic
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5.3 Mode of Application
- 5.3.1 Starter Solution
- 5.3.2 Foliar Application
- 5.3.3 Fertigation
- 5.3.4 Injection into Soil
- 5.3.5 Aerial Application
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5.4 Application
- 5.4.1 Grains & Cereals
- 5.4.2 Pulses & Oilseeds
- 5.4.3 Commercial Crops
- 5.4.4 Fruits & Vegetables
- 5.4.5 Turf & Ornamentals
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5.5 Geography
- 5.5.1 United States
- 5.5.2 Canada
- 5.5.3 Mexico
- 5.5.4 Rest of North America
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Competitor Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 AgroLiquid
- 6.3.2 FoxFarm Soil & Fertilizer Company
- 6.3.3 Haifa Group
- 6.3.4 Kugler Company
- 6.3.5 Nutrien Ltd.
- 6.3.6 Planet Natural
- 6.3.7 Plant Food Company Inc.
- 6.3.8 Sociedad Quimica y Minera (SQM SA)
- 6.3.9 Triangle C. C.
- 6.3.10 Yara International ASA
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. AN ASSESSMENT OF IMPACT OF COVID-19 OVER THE MARKET
North America Liquid Fertilizer Industry Segmentation
Liquid Fertilizers are liquid concentrates containing organic elements, including sulfur and trace metal elements, used in agricultural applications. The report presents a wide-range analysis of the market for liquid fertilizers across the region. The corporations operate in the B2B format. These do not include raw material supplying companies.
The North America Liquid Fertilizers Market is segmented by Nutrient Type (Nitrogen, Potassium, Phosphate, and Micronutrients), By Ingredient Type (Organic and Synthetic), Mode of Application (Starter Solution, Foliar Application, Fertigation, Injection into Soil, and Aerial Application), By Application (Grains & Cereals, Pulses & Oilseeds, Commercial Crops, Fruits & Vegetables, and Turf & Ornamentals, and by Geography (United States, Canada, Mexico, and Rest of North America). The market size and forecast will be provided in terms of value(USD million) for all the above-mentioned segments.
| Nutrient Type | Nitrogen |
| Potassium | |
| Phosphate | |
| Micronutrients | |
| Ingredient Type | Organic |
| Synthetic | |
| Mode of Application | Starter Solution |
| Foliar Application | |
| Fertigation | |
| Injection into Soil | |
| Aerial Application | |
| Application | Grains & Cereals |
| Pulses & Oilseeds | |
| Commercial Crops | |
| Fruits & Vegetables | |
| Turf & Ornamentals | |
| Geography | United States |
| Canada | |
| Mexico | |
| Rest of North America |
North America Liquid Fertilizer Market Research FAQs
How big is the North America Liquid Fertilizers Market?
The North America Liquid Fertilizers Market size is expected to reach USD 2.85 billion in 2024 and grow at a CAGR of 4.70% to reach USD 3.58 billion by 2029.
What is the current North America Liquid Fertilizers Market size?
In 2024, the North America Liquid Fertilizers Market size is expected to reach USD 2.85 billion.
Who are the key players in North America Liquid Fertilizers Market?
Nutrien Ltd., AgroLiquid, Haifa Group, Yara International and ICL Group are the major companies operating in the North America Liquid Fertilizers Market.
What years does this North America Liquid Fertilizers Market cover, and what was the market size in 2023?
In 2023, the North America Liquid Fertilizers Market size was estimated at USD 2.72 billion. The report covers the North America Liquid Fertilizers Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Liquid Fertilizers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Liquid Fertilizer Industry Report
Statistics for the 2024 North America Liquid Fertilizer market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Liquid Fertilizer analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
