The new report by Expert Market Research titled, ‘Global Foliar Spray Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global foliar spray market, assessing the market based on its segments like chemical, product type, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s five forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Historical Market Size (2021): USD 6.8 billion
• Forecast CAGR (2022-2027): 5.50%
• Forecast Market Size (2027): USD 9.4 billion
The chemical-based nitrogenous category accounts for a major portion of the market. Nitrogenous foliar spray promotes healthy crop development and is commonly used to speed up the growth of young plants. Because foliar uptake of nutrients is much faster than root uptake, they are quick to act, making them an excellent treatment for nutrient deficits. Furthermore, nitrogenous fertilisers can aid in the reduction of nitrous oxide emissions from crops. As a result, demand for nitrogenous fertilisers is expected to increase steadily during the forecast period.
A large chunk of the market is made up of chemical-based nitrogenous products. Nitrogenous foliar spray is often used to accelerate the growth of young plants and promote healthy crop development. They are quick to act because foliar uptake of nutrients is significantly faster than root uptake, making them an excellent therapy for nutrient deficiencies. In addition, nitrogenous fertilisers can help reduce nitrous oxide emissions from crops.
Industry Definition and Major Segments
Foliar spray is a chemical or fertiliser sprayed on plants to provide them with vital nutrients during their vegetative and reproductive stages. Foliar spraying is an effective approach to supplement plants' nutritional demands, especially when they are deficient in certain nutrients. Foliar nutrition promotes plant growth and adds significantly to higher yields and improved quality.
Based on chemicals, the market can be segmented into:
• Phosphatic
• Nitrogenous
• Potassic
• Calcium
• Micronutrients
• Others
The market based on product type is bifurcated into:
• Powder
• Liquid
The major applications of the product include:
• Horticulture Crops
• Agriculture Crops
• Orchard Crop
• Vegetables
• Turfs
• Others
The regional markets for the product include:
• North America
• Europe
• the Asia Pacific
• Latin America
• the Middle East and Africa
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Market Trends
The market is developing due to an increase in the use of foliar sprays as farmers strive to produce higher and better-quality harvests. Foliar sprays effectively deliver important nutrients to crops while reducing waste. The demand for foliar sprays is expected to rise as small farms emerge as a result of an improved understanding of diverse farming techniques. Furthermore, manufacturers are projected to support the foliar spray industry’s growth in the forecast period by offering a variety of premium products for foliar application, all of which contain pure plant nutrients and are devoid of chloride, salt, and other harmful components.
Key Market Players
The major players in the market are Andaman AG, Aries Agro Limited, Coromandel International Limited, Gujarat State Fertilizers & Chemicals Limited (GSFC), and Sichuan Shucan Chemical Co. Ltd. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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