Foliar Spray (Nitrogenous, Phosphatic, Potassic and Micronutrients) Market Analysis

Foliar Spray Market

Dublin, June 06, 2023 (GLOBE NEWSWIRE) -- The "Foliar Spray Market by Type (Nitrogenous, Phosphatic, Potassic and Micronutrients), Form (Powder and Liquid), Application (Horticultural Crops, Field Crops, Turfs & Ornamentals), Region ( North America, Europe, Asia- Pacific) - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.

The foliar spray market is projected to grow from USD 7.3 billion in 2023 to USD 9.6 billion by 2028 growing at a CAGR of 5.5%

Foliar sprays are gaining popularity in agriculture due to their ability to provide crops with the necessary nutrients, resulting in improved growth, yield, and quality. This is particularly important for high-value crops like fruits, vegetables, and ornamental plants.

Foliar sprays also reduce the need for excessive use of fertilizers and chemicals, making them an environmentally friendly approach to agriculture. As sustainable agricultural practices gain more attention, the demand for foliar sprays is increasing, as they can be formulated to be environmentally friendly and promote sustainable agriculture.

Additionally, the adoption of precision agriculture technologies, like sensors and drones, is driving the demand for foliar spray. Moreover, the demand for foliar sprays is driven by the need for improved crop yield and quality, the adoption of precision agriculture technologies, and the growing awareness of sustainable agricultural practices.

Potassic is the second largest segment among types of foliar spray in 2022.

Potassic foliar sprays are an essential type of foliar spray containing potassium, which plays a crucial role in various physiological processes of plants.

They are the second-largest segment among types of foliar sprays, following nitrogenous foliar sprays. These sprays are widely used to promote crop growth, increase yield, and improve fruit quality. They also enhance plant resistance to biotic and abiotic stressors and address potassium deficiencies during critical growth stages.

The demand for potassic foliar sprays is driven by the growing need for sustainable agriculture practices and the adoption of precision agriculture technologies that enable more targeted and efficient applications.

The application of foliar spray in the field crop is accounting for the largest share of the application segment.

Foliar sprays are widely used in field crops such as cereals, oilseeds, and pulses to provide essential nutrients, promote growth and development, and improve yield.

The field crop application segment accounts for the largest share of the foliar spray market. Foliar sprays offer an effective solution to address challenges such as nutrient deficiencies, pests, diseases, and adverse weather conditions that can limit crop growth and yield.

The growing demand for high-quality crops and the need for sustainable agriculture practices are driving the adoption of foliar sprays in field crops. They reduce the excessive use of fertilizers and other chemicals, resulting in a more sustainable and environmentally friendly approach to agriculture.

Additionally, precision agriculture technologies enable the more targeted and efficient application of foliar sprays in field crops, contributing to the growth of the market segment.

Asia Pacific is projected to witness substantial growth during the forecast period in the foliar spray market.

This growth can be attributed to several factors, including the increasing population and rising demand for food products, particularly in countries such as India and China. The growth of the agricultural sector in the region, coupled with the adoption of new technologies and practices, is creating opportunities for the foliar spray market.

Additionally, the presence of key players in the region and the development of innovative products tailored to the specific needs of the region are also contributing to the growth of the foliar spray market in the Asia Pacific.

Competitive landscape

Yara (Norway), Coromandel International Limited (India), BASF SE (Germany), Mosaic (US), Gujarat State Fertilizers and Chemicals Limited (India), Israel Chemicals Limited (Israel), Bayer AG (Germany), Syngenta (Switzerland), EuroChem Group (Switzerland), Aries Agro Limited (India).

Key Attributes:

Report Attribute

Details

No. of Pages

263

Forecast Period

2023 - 2028

Estimated Market Value (USD) in 2023

$7.3 Billion

Forecasted Market Value (USD) by 2028

$9.6 Billion

Compound Annual Growth Rate

5.5%

Regions Covered

Global

Key Players

Andaman AG

Aries Agro Limited

Coromandel International Limited

Eurochem Group AG

Gujarat State Fertlizers & Chemicals Ltd.

Haifa Chemicals Ltd.

Hebei Monband Water Soluble Ferilizer Co. Ltd.

Icl Specialty Fertilizers

Israel Chemical Ltd.

K+S Aktiengesellschaft

Lima Europe

Nutrien

Nutrient Technologies

Sichuan Shucan Chemical Co. Ltd.

The Mosaic Company

Tribodyn AG

Yara International

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Premium Insights

5. Market Overview5.1. Introduction5.2. Market Dynamics5.2.1. Drivers5.2.2. Restraints5.2.3. Opportunities5.2.4. Challenges

6. Industry Trends6.1. Introduction6.2. Trends Impacting Customer's Business6.3. Value Chain Analysis6.4. Trade Analysis6.5. Technology Analysis6.6. Patent Analysis6.7. Ecosystem Map & Supply Chain Analysis6.8. Porter's Five Forces Analysis6.9. Case Studies6.10. Pricing Analysis6.10.1. Average Selling Price Trend Analysis6.10.2. Average Selling Price of Key Players, by Type6.11. Regulatory Framework6.11.1. Regulatory Bodies, Government Agencies & Other Organizations6.12. Key Stakeholders and Buying Criteria6.13. Key Conferences & Events, 2023 - 2024

7. Foliar Spray Market, by Product Type7.1. Introduction7.2. Nitrogenous7.3. Phosphatic7.4. Potassic7.5. Micronutrients

8. Foliar Spray Market, by Form8.1. Introduction8.2. Powder8.3. Liquid

9. Foliar Spray Market, by Crop Type9.1. Introduction9.2. Horticultural Crops9.2.1. Orchard Crops9.2.2. Vegetable & Flower Crops9.3. Field Crops9.4. Turfs & Ornamentals9.5. Others

10. Foliar Spray Market, by Region10.1. Introduction10.2. North America10.2.1. Recession Impact10.2.2. U.S.10.2.3. Canada10.2.4. Mexico10.3. Europe10.3.1. Recession Impact10.3.2. Germany10.3.3. UK10.3.4. France10.3.5. Spain10.3.6. Italy10.3.7. Rest of Europe10.4. Asia-Pacific10.4.1. Recession Impact10.4.2. China10.4.3. India10.4.4. Japan10.4.5. South Korea10.4.6. Australia & New Zealand10.4.7. Rest of Asia-Pacific10.5. South Amercia10.5.1. Recession Impact10.5.2. Brazil10.5.3. Argentina10.5.4. Rest of South America10.6. Rest of World10.6.1. Recession Impact10.6.2. Middle East10.6.3. Africa

11. Competitive Landscape11.1. Overview11.2. Market Share Analysis11.3. Key Player Strategies11.4. Revenue Analysis of Key Players, 2020-202211.5. Company Evaluation Quadrant (Key Players)11.5.1. Star11.5.2. Pervasive Players11.5.3. Emerging Leaders11.5.4. Participants11.5.5. Competitive Benchmarking11.6. Product Footprints11.7. Start-Up/SME Evaluation Quadrant11.7.1. Progressive Companies11.7.2. Starting Blocks11.7.3. Responsive Companies11.7.4. Dynamic Companies11.7.5. Competitive Benchmarking11.8. Competitive Scenario and Trends11.8.1. Product Launches11.8.2. Deals11.8.3. Other Developments

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Foliar Spray Market