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Market Leader - Liquid Fertilizers Market
The liquid fertilizers market has many players (small, medium, and large); however, the industry is dominated by a few, which include Agrium Inc. (Canada), K+S AKTIENGESELLSCHAFT (Germany), Yara International ASA (Norway), Israel Chemicals Ltd (Israel), and Sociedad Quimica Y Minera SA (SQM) (Chile). Expansion, acquisition, investment, divestment & joint venture, and agreement & collaboration are the preferred growth strategies in this market. The purpose of adopting these strategies is that it results in better market penetration and market coverage, increases geographical presence, and helps to reach new potential markets. Other players such as Haifa Group (Israel), Compo GmbH & Co. KG (Germany), AgroLiquid (U.S.), Kugler Company (U.S), and Plant Food Company, Inc. (U.S.) also have a strong presence in this market.
The liquid fertilizers value chain includes raw material manufacturers such as BASF SE (Germany), E. I. du Pont de Nemours and Company (U.S.), The DOW Chemicals Company (U.S.), Monsanto Company (U.S.), and Bayer Cropscience AG (Germany), among other liquid fertilizer manufacturers such as Agrium Inc. (Canada), K+S AKTIENGESELLSCHAFT (Germany), Yara International ASA (Norway), Israel Chemicals Ltd (Israel), and Sociedad Quimica Y Minera SA (SQM) (Chile). Further, the products manufactured by these companies are used by fertilizer manufacturers, large agricultural firms, government, water soluble fertilizer related companies such as Hebei Monband Water Soluble Fertilizer Co., Ltd (China), Coromandel International Ltd (India), and The Mosaic Company(U.S.), among others.
Agrium Inc. (U.S.)
Agrium, Inc. is an agricultural products & services company. The company is primarily engaged in manufacturing and marketing agricultural nutrients and industrial products. It manages its business through two major business segments wholesale and retail. The company offers liquid fertilizer products through both its segments. Under its retail business segment, Agrium Inc. has various subsegments such as crop nutrition, crop protection products, seed, merchandise, and services. On the other hand, its wholesale segment is further divided into nitrogen, potash, phosphate, and ammonium. The company provides liquid fertilizers developed by its advanced technologies unit that offers customers economic value and environmental advantage. It is focused on expanding its business through acquisitions and expansions. Expansion is one of the top strategies adopted by Agrium Inc. In December 2015, the company expanded its potash production facility in Canada that would strengthen the company’s liquid fertilizer production.
K+S AKTIENGESELLSCHAFT (Germany)
K+S AKTIENGESELLSCHAFT is one of the leading players in the liquid fertilizers market, and develops and produces a wide range of potash and magnesium-based organic chemicals and compounds for agricultural & industrial applications. It manages its business through three business segments, namely, potash and magnesium products, salt, and complementary business segments. The company offers liquid fertilizers through its potash and magnesium products segment. The company has adopted expansion as its key strategy. In September 2015, K+S inaugurated a new analytic and research center in Unterbreizbach (Germany) facility that enabled K+S to further strengthen and expand its international technological leadership in extracting and processing rock and potash salts.
Liquid Fertilizers Market by Type (Nitrogen, Phosphorus, Potash, Micronutrients), Mode of Application (Soil, Foliar & Fertigation), Form (Organic & Synthetic), Crop Type, and Region - Global Forecast to 2021
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