Liquid Fertilizers Market to Witness Rapid Growth Between 2016 and 20 Sep 2016 | Page 2

Liquid Fertilizers Market: Global Forecast to 2021 “Liquid fertilizers market is projected to grow at a CAGR of 3.1%.” The liquid fertilizers market is projected to reach a value of USD 13.48 billion by 2021, growing at a CAGR of 3.1% from 2016. The market drivers include growing demand for high efficiency fertilizers, ease of use and application, adoption of precision farming and protected agriculture, and increasing environmental concerns. “Nitrogen segment is projected to be the largest segment, by type, from 2016 to 2021.” Nitrogen is one of the most widely consumed nutrients among all the macro and micro elements required for plant growth. This is an essential nutrient to build amino acids, which create proteins, and it takes part in almost every biochemical reaction performed in a plant. Easy availability and low cost are driving the market for liquid fertilizers. © ReportsnReports.com / Contact [email protected] 2