Global Foliar Spray Market was valued at US$ 6.10 Bn in 2019 and is expected to reach US$ 9.43 Bn by 2027, at a CAGR of 5.6% during a forecast period.
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The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding foliar spray market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focus on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies and regional presence. The report also provide PEST analysis, PORTER’s analysis, SWOT analysis to address question of shareholders to prioritizing the efforts and investment in near future to emerging segment in foliar spray market.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Foliar spray is the process of applying liquid fertilizers in a spray form directly on to crops and plants. The stomata on crop leaves help to absorb the nutrients from the foliar spray. Plants gain more foliar nutrients than soil application. Foliar applications are often take time to coincide with specific growth stages of plants such as flowering and fruiting, recovery from transplant shock, hail damage, or other extreme weather effects. Foliar sprays are mainly valuable when environmental conditions, such as high soil pH, excess moisture, and cold temperatures, limit the intake of nutrients from the roots. Foliar sprays also increase plant growth and resistance to diseases and insects, improve drought tolerance, and enhance crop quality.
High efficiency of foliar spray products and increased awareness of foliar spray products in emerging markets are the major drivers of the foliar spray market. Foliar sprays use effective method of increasing crop growth from a limited area of land, as nutrients are directly supplied to plants. The growing trend of using organic food items and Growth of the Organic Fertilizer Industry is a restraint of the global foliar sprays market. The advanced farming technology as part of Agriculture is anticipated to provide new opportunities for growth to market key players and limited availability of land and use of chemical fertilizers have raised many environmental concerns and are likely to provide beneficial opportunities for the growth of the global foliar spray market in the forecast timeframe.
Based on type, the nitrogenous segment of the foliar spray market is expected to grow at the high CAGR during the forecast timeframe. Increasing population and shrinkage of acre of land had led to use of advance techniques and procedure for high productivity to meet the growing demand. Thus, this major factor drives the nitrogenous fertilizer market. Improved productivity observed owing to use of nitrogenous fertilizer for sugarcane, rice and corn in APAC fuels the growth of the market. Rising use of grains in the production of bio-fuel spur nitrogenous fertilizer market. Nevertheless, introduction of advance organic fertilizers may hamper the growth of the nitrogenous fertilizer market. On the other hand, rising demand from the Asia Pacific and other developing economies is expected to show lucrative growth during the forecast period.
Based on application, the horticultural crops segment is estimated to lead the foliar spray market in 2017. Horticultural crops segment has highest demand, globally. Horticultural crops such as fruit crops, vegetable crops, and tuber crops have become a crucial part of the daily dietary intake of individuals. Increasing awareness about the nutritive value of horticultural crops has led to a significant increase in their consumption levels.
Geographically, The European region is projected to be the largest market for foliar spray between 2017 and 2026. North America holds second rank in global foliar sprays market. The global foliar sprays market in the North America region is estimated to expand at a major pace during the forecast timeframe.
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Global Foliar Spray Market, by Type:
Global Foliar Spray Market, by Application:
• Horticultural Crops
• Field Crops
• Turfs & Ornamentals
Global Foliar Spray Market, by Region:
• North America
• Middle East & Africa
• Asia Pacific
• South America
Key Players Operating In Global Foliar Spray Market:
• EuroChem Group AG
• K+S Aktiengesellschaft
• Yara International ASA
• Israel Chemicals Ltd.
• The Mosaic Company
• Gujarat State Fertilizers & Chemicals Ltd.
• Coromandel International Limited
• TRIBOdyn AG
• Hebei Monband Water Soluble Fertilizer Co., Ltd.
• Haifa Chemicals Ltd.
• Aries Agro Limited
• Orascom Construction
• Potash Corporation Of Saskatchewan Inc
• Qatar Fertiliser Company
• Rashtriya Chemicals and Fertilizers Limited
• Sichuan Meifeng Chemical Industry Co. Ltd, SQM S.A.
This Report Is Submitted By : Maximize Market Research Company
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