Liquid formulation segment is projected to be the fastest-growing during the forecast
period
The liquid segment is projected to be the fastest-growing during the forecast period. The
market growth of liquid formulation is attributed to its benefits such as ease of
application, higher accuracy, ability to maintain low nitrogen levels, and savings on cost
expended on labor.
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Asia Pacific is projected to be the fastest-growing market during the forecast period
The market in the Asia Pacific region is driven by the increase in agricultural practices and
the requirement of high-quality agricultural produce. The total area under agriculture is
shrinking due to industrialization and urbanization. As a result, farmers opt for practices
that help increase the yield or productivity of crops. Hence, the market in the Asia Pacific
region is projected to grow at the highest rate during the forecast period.