Australia Liquid Fertilizers Market: By Product Type (Micronutrients, Potash, Nitrogen, and Phosphorus), By Production Process (Synthetic and Organic), By Application (Fertigation, Soil, Foliar), By Crop Type (Pulses and Oilseeds, Cereals and Grains, and Vegetables and Fruits), and Geography

 

Australia Liquid Fertilizers Market was valued at USD $506.6 million in 2020 and is anticipated to grow at $629.1 million till 2028 recording a CAGR of 3.7% during the forecast period 2022-2028.owing to increasing demand for high efficiency fertilizers and shrinking farm lands in the region. The increase in demand for high food production in the region and rising population drives the growth of the liquid fertilizers market. Moreover, increase in demand for eco-friendly fertilizers and adoption of precision farming and protected agriculture techniques fuels the growth of the market. Based on product type, micronutrients segment is expected to grow at highest CAGR over the forecast years due to the increasing demand for the micronutrients in the fertilizers coupled with rising demand for biofuels and high quality yield drives the growth of the market over the forecast years. Australia liquid fertilizers market is projected to grow at a significant growth rate over the forecast years owing to increasing adoption of novel technologies and rising demand for innovative methods in agricultural practices and improvements in the technology of liquid fertilizers drives the growth of the market over the forecast years. The presence of large number of market players and support by the government fuels the growth of the market.