Foliar Spray Market Size & Growth Analysis to 2030

The global foliar spray market size is projected to grow at a significant CAGR of over 5% during the forecast period 2021 to 2027. The increasing application of horticulture crops coupled with field crops is expected to increase the demand for foliar sprays that is a major factor to drive the market growth. Furthermore, the growing population, increasing need for food, and the sustainable decline in arable land around the world are further anticipated to boost the market growth over the forecast period.

The growing demand for fertilizers to protect crops, and increased production of cereal crops like wheat and rice are expected to drive the market growth. Moreover, the rising awareness and the benefits associated with foliar nutrition and the increasing demand to increase agricultural production are expected to increase the demand for foliar sprays. However, the growth in organic fertilizer products and the rising awareness regarding health are some factors to restrain the market.

Market Drivers:

Nutrient Deficiency and Crop Nutrition: Foliar spraying is an effective method of providing essential nutrients directly to the leaves of plants. In situations where crops exhibit nutrient deficiencies or when specific nutrients are required during critical growth stages, foliar spraying can quickly deliver the necessary nutrients. The demand for foliar sprays arises from the need to address nutrient deficiencies and optimize crop nutrition for improved yield and quality.

Enhanced Nutrient Uptake Efficiency: Foliar spraying allows for targeted nutrient application, resulting in improved nutrient uptake efficiency by plants. The nutrients applied through foliar sprays are readily available for absorption through the leaves, bypassing soil-related limitations and nutrient uptake barriers. This method enhances nutrient utilization by plants, especially in situations where soil conditions may hinder nutrient availability or uptake. The desire to maximize nutrient uptake efficiency drives the demand for foliar sprays.

Crop Protection and Disease Management: Foliar sprays are not only used for nutrient delivery but also for crop protection and disease management. Many foliar sprays contain insecticides, fungicides, or herbicides that help control pests, diseases, and weeds that affect crop health and productivity. The ability to address multiple crop management aspects, such as nutrition, pest control, and disease prevention, through foliar sprays contributes to their popularity among farmers and growers.

Increased Demand for High-Quality and High-Yield Crops: As the demand for high-quality and high-yield crops increases, farmers and growers are exploring various strategies to optimize crop production. Foliar sprays provide a targeted approach to address specific crop needs and boost crop performance. By providing essential nutrients and protective agents directly to the leaves, foliar sprays can help improve crop quality, increase yields, and enhance overall crop performance.

Technological Advancements in Formulations: Continuous advancements in formulation technologies have improved the effectiveness and efficiency of foliar sprays. Formulations are designed to ensure better adhesion to leaf surfaces, enhanced absorption, and controlled release of nutrients or active ingredients. These advancements have resulted in more effective foliar spray products with improved efficacy, minimizing losses and maximizing benefits for crops.

Sustainable and Precision Agriculture Practices: Foliar sprays align with sustainable and precision agriculture practices by promoting targeted and efficient use of inputs. By applying nutrients or protective agents directly to the leaves, foliar sprays minimize wastage and reduce environmental impacts associated with blanket applications. The adoption of sustainable farming practices, resource optimization, and precision agriculture principles drive the demand for foliar sprays as a precise and environmentally friendly crop management solution.

Adoption of Modern Farming Techniques: The adoption of modern farming techniques, such as greenhouse farming, hydroponics, and vertical farming, has increased the use of foliar sprays. These farming methods often involve controlled environments, where the delivery of nutrients and plant protection agents directly to the leaves through foliar sprays can maximize efficiency and optimize crop performance.

Market Snapshot:

Market Insights:

The global foliar spray market is bifurcated into type, application, and geography. On the basis of type, the market is further segmented into nitrogenous, phosphatic, potassic, and others. The nitrogenous segment is accounted to grow at the highest growth rate over the forecast period due to the increasing demand for nitrogen-based fertilizers. Nitrogenous fertilizers help to increase the crops which is a primary factor to increase the demand for the product.

On the basis of application, the market is classified into horticulture crops, agriculture crops, orchard crops, and others. The horticulture crops segment dominated the global foliar spry market and anticipated to maintain its dominance over the forecast period. The increasing demand for the horticulture crops such as fruits, vegetables, spices, and medicinal crops has contributed to the segment growth. Furthermore, the rising health consciousness among consumers and growing awareness of their nutrition value are further expected to drive the segment growth.

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The foliar spray comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

Historical & Forecast Period

• 2018-19 – Historical Year
• 2020 – Base Year
• 2021-2027 – Forecast Period

Market Segmentation:

By Type:

• Nitrogenous
• Phosphatic
• Potassic
• Calcium
• Micronutrients
• Others

By Application:

• Horticulture Crops
• Agriculture Crops
• Orchard Crop
• Vegetables
• Turfs
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Geographic Coverage:

Geographically, Europe dominated the global foliar spray market in 2020 and estimated to hold the largest revenue share of around one-third of the market. The Asia Pacific is accounted to grow at the highest growth rate over the forecast period due to the increasing adoption of the foliar spray in horticulture crops and the increasing applications in the agricultural sector. Furthermore, the growing population, steady decline in arable land, and the increasing need for food are expected to increase the demand for more crop production which is expected to boost the market growth in the Asia Pacific.

Competition Assessment:

Some of the leading market players operating in the global foliar spray market are Nutrien, EuroChem Group AG, Yara International ASA, and K+S Aktiengesellschaft. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

• Nutrien
• EuroChem Group AG
• Yara International ASA
• K+S Aktiengesellschaft
• The Mosaic Company
• Israel Chemicals Ltd
• Gujarat State Fertilizers & Chemicals Ltd.
• Coromandel International Limited
• Tribodyn AG
• Haifa Chemicals Ltd.

Key Questions Answered by Foliar Spray Market Report

• Global foliar spray market forecasts from 2021-2027
• Regional foliar spray market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
• Foliar spray submarket forecasts from 2021-2027 covering the market by type, by application, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis pertaining to foliar spray market
• Analysis of the key factors driving and restraining the growth of the global, regional and country-level foliar spray markets from 2021-2027
• Competitive Landscape and market positioning of top 10 players operating in the foliar spray market