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The foliar spray market size is forecast to increase by USD 3.01 billion, at a CAGR of 6.4% between 2023 and 2028. Market growth hinges on several factors, notably the improving efficiency of foliar spray products, escalating demand from emerging markets, and the diminishing availability of arable land. These factors underscore the need for innovative solutions in agriculture to boost productivity and meet the rising demand for food. The enhanced efficacy of foliar sprays is crucial for maximizing crop yield and quality, especially in regions with limited arable land. Additionally, the expanding agricultural sector in emerging markets presents significant growth opportunities for foliar spray product manufacturers. As the global population continues to grow, ensuring sustainable agricultural practices and efficient use of resources will be paramount for meeting food demand, making these products pivotal in modern agriculture.
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The market caters extensively to home gardeners seeking efficient methods like water-soluble powders and compost tea enriched with nutritional elements including main elements and trace elements for optimal plant health. This market addresses challenges such as soil compaction and soil infections through foliar fertilization, bypassing root system limitations affected by weather conditions or acidity variations. By leveraging physicochemical properties like texture and mutual balances, foliar sprays enhance leaf nutrient absorption, mitigating defective functioning and asphyxia risks. Specialized formulations incorporating kelp and weed tea provide organic solutions while combating pests like nematodes, promoting robust plant growth. As demand grows among environmentally conscious consumers, the foliar spray market continues to innovate, ensuring efficacy in enhancing crop yields and supporting sustainable gardening practices globally.
The increasing efficiency of foliar spray products is notably driving market growth. In the agricultural market, foliar sprays have emerged as an effective and efficient method for delivering nutrient inputs to plants. This technique involves applying liquid nutrient solutions directly to the leaves, ensuring equal distribution and higher nutrient efficiency. Foliar sprays address nutrient deficiencies and correct imbalances, leading to improved plant growth, productivity, and crop yields. Compared to traditional fertilization methods, foliar sprays reduce leaching, volatilization, and immobilization in the soil, resulting in cost savings for farmers.
Further, with the ability to provide timely correction and rapid response, foliar sprays boost plant health and mitigate yield losses. The versatility and effectiveness of foliar sprays, which include types such as nitrogenous, phosphatic, potassic, and micronutrients, make them a valuable tool in modern agriculture for various growers. Precision agriculture technologies and sustainable farming systems further enhance the appeal of foliar sprays, which can also be used as pesticides to protect foliage. Hence, such factors are expected to increase the demand for foliar sprays, which, in turn, is excepted to drive the growth of the global market during the forecast period.
The growing market for fruits and vegetables is an emerging trend in the market. The global consumption of fruits and vegetables has been on the rise, driven by the growing vegetarian and vegan populations worldwide. Changing food preferences and the shift towards vegan diets are increasing the demand for these food categories. Countries such as India, with a significant vegetarian population, exhibit high demand for fruits and vegetables.
Similarly, in nations like the US, Canada, and the UK, the adoption of veganism is contributing to the increased demand for these products. The nutrient-rich profile of fruits and vegetables is the key market trends driving their increasing demand. This growing global demand for fruits and vegetables is expected to lead to a higher demand for fertilizers, including liquid fertilizers. Consequently, this trend is anticipated to propel the growth of the market in the forecast period.
The stringent regulations on the handling, storage, and transportation of liquid fertilizers are major challenges impeding the market growth. In the agricultural market, foliar spray techniques have emerged as an effective and efficient method for delivering essential nutrients directly to plant leaves. This approach addresses nutrient deficiencies and enhances nutrient efficiency, leading to improved crop yields and productivity. Foliar sprays consist of liquid nutrient solutions that can be applied to the foliage, bypassing the soil and avoiding issues such as leaching and volatilization.
Due to its hazardous nature, regulatory authorities like OSHA and the EPA have established stringent regulations for the handling, storage, and transportation of solid ammonium nitrate. Manufacturers and suppliers are required to adhere to these guidelines to ensure safety. Regulatory bodies have also outlined safety measures for individuals handling ammonium nitrate in storage facilities and during transportation. Hence, these factors are expected to hamper the growth of the market in focus during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market growth analysis report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Tribodyn GmbH - The company offers biostimulants and foliar fertilizers include foliar spray products.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth by the horticulture crops segment will be significant during the forecast period. The horticulture sector, encompassing fruit crops, vegetable crops, tuber crops, medicinal and aromatic crops, and spices, holds significant value in the agricultural market. With a growing recognition of their nutritional benefits, fruits and vegetables are becoming essential components of daily dietary intake.
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The horticulture crops segment was valued at USD 2.52 billion in 2018. Modern agriculture employs various techniques using liquid nutrient solutions, pesticides, and precision agriculture technologies to ensure sustainable farming systems. The market includes types such as nitrogenous, phosphatic, potassic, micronutrients, and others. Nitrogenous foliar sprays, in particular, are renowned for their versatility and effectiveness in modern agriculture. Hence, the above-mentioned factors are expected to drive the growth of the horticultural crops segment in the global market during the forecast period.
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APAC is estimated to contribute 49% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The APAC region, home to approximately 5.3 billion people by 2050 and the largest population globally, is witnessing a significant shift in food preferences towards high protein-based diets. This trend is driving the demand for nutrient-rich crops, leading to an increased focus on foliar spray applications in agriculture. Foliar spray, available in both powder and liquid forms, is a crucial component of precision agriculture, ensuring optimal growth and maximum yield potential for various crops. Environmental conditions, including weather and soil variability, significantly impact crop quality. Foliar spray application during specific growth stages can address these challenges, enhancing color, flavor, and appearance of horticultural crops, including vegetables, fruits, horticulture openfield, horticulture greenhouse, field crops, turf & ornamental, and other applications. Consumers increasingly demand high-quality produce, making them an essential tool for the horticultural sector, particularly for vegetable crops, fruit crops, medicinal & aromatic crops, tuber crops, and spices. By delivering essential nutrients directly to the plant leaves, they minimizes environmental impact while maximizing crop quality and potential yield. Thus, owing to such factors the regional market is expected to grow during the forecast period.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion " for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
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The market is crucial for home gardeners, offering solutions like water-soluble powders, herbal tea, and fish emulsion enriched with essential nutrients such as potash, nitrogen, potassium, phosphorus, calcium, boron, copper, zinc, and silicon. These sprays, applied via blender for even distribution, enhance photosynthesis and vigor, combating diseases and pest attacks through absorbable calcium chelate and phloem transport mechanisms. They mitigate environmental impacts like pollution in rivers and groundwater, supporting sustainable practices in cultivating crops like wine grapes, corn, and pears. Organic formulations like comfrey tea and insecticidal soap promote plant health while minimizing risks from high salt levels and nematode infestations. As future brands innovate with horticultural oils and other organic matter, the foliar spray market continues to evolve, ensuring efficient nutrient uptake and disease resistance for healthier gardens and improved yields.
Industry Scope |
|
Report Coverage |
Details |
Page number |
163 |
Base year |
2023 |
Historic period |
2017 - 2021 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.44% |
Market growth 2024-2028 |
USD 3.01 Billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.4 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 49% |
Key countries |
US, China, Spain, Japan, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Agronutrition, Aries Agro Ltd, Cippy Bio International, Compass Minerals International Inc., EuroChem Group AG, Gardening Know How, Grupa Azoty SA, Haifa Negev technologies Ltd., Israel Chemicals Ltd., KS Aktiengesellschaft, Murugappa Group, Nutrien Ltd., Prabhat Fertilizer and Chemical Works, Sichuan Shucan Chemical Co. Ltd., SQM S.A., Tessenderlo Group NV, Tribodyn GmbH, UAB Bioenergy LT, Wuhan Lvyin Chemical Co. Ltd., and Yara International ASA |
Market dynamics |
Parent market analysis, Market forecast, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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