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The foliar spray market is estimated to grow by USD 2.38 billion at a CAGR of 6.38% between 2022 and 2027. 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.
It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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This report extensively covers market segmentation by application (horticultural crops, field crops, and others), type (nitrogenous, potassic, phosphatic, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa).
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 2.38 billion in 2017. The consumption of fruits has experienced double-digit growth between 2015 and 2022, and this trend is anticipated to persist. Fruit and vegetable production has escalated due to their robust export potential. Foliar spraying is a widely adopted and recognized technique in the horticulture industry, used to enhance crop yields, improve nutrient efficiency, and correct nutrient deficiencies. This method involves spraying nutrient solutions onto the leaves of plants, bypassing the soil and addressing issues such as leaching, volatilization, and immobilization. They offer cost savings, rapid response, and timely correction of nutrient imbalances, leading to boosted plant health and productivity. 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 43% 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 plays a significant role in the agricultural industry, particularly in enhancing crop yields and nutrient efficiency. This method of nutrient application involves spraying liquid nutrient solutions directly onto the leaves and foliage of plants. Fertilization through foliar spraying can help correct nutrient deficiencies and imbalances, ensuring optimal plant growth and productivity. Timely detection and correction of nutrient imbalances are crucial for maintaining plant health and preventing yield losses. they offer a rapid response to nutrient requirements, making it an effective technique for various crop types, including those requiring nitrogenous, phosphatic, potassic, and micronutrient inputs. Precision agriculture technologies have revolutionized foliar spraying, enabling farmers to apply nutrients more efficiently and cost-effectively. These technologies help minimize leaching, volatilization, and immobilization, ensuring that nutrients reach the soil and plants as intended. Additionally, foliar spraying can be used in conjunction with pesticides to protect plants from pests and diseases while enhancing their overall health. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
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. 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 a key factor 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 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 report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global 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 operates under one segment. The company under this segment offers biostimulants and foliar fertilizers. The key offerings of the company include foliar spray products.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 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 research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2023 to 2027, as well as historical data from 2017 to 2022 for the following segments
The market encompasses a range of products used in agricultural and horticultural applications. These nutrient solutions are applied to the leaves of plants, providing essential elements directly to the foliage. Crops such as fruits, vegetables, and ornamentals benefit significantly from Foliar Sprays. The use of Foliar Sprays allows for efficient nutrient uptake, enhancing plant growth and yield. Fertilizers, like Calcium, Nitrogen, and Potassium, are common components of Foliar Sprays.
Furthermore, these nutrients contribute to plant development, improving leaf color and size. Foliar Sprays can also include micronutrients like Iron, Manganese, and Zinc, which are vital for plant health. Farmers and growers employ Foliar Sprays to address specific plant issues, such as disease control and pest management. Fertilizers like Copper and Formaldehyde are used for disease prevention, while products like Neem Oil and Pyrethrin are used for pest control. Plant types like Leaching and Non-Leaching soils benefit from Foliar Sprays, as they cater to various nutrient requirements. Foliar Sprays are also effective in addressing nutrient deficiencies in plants, ensuring optimal growth and productivity. In summary, the market offers a diverse range of products that cater to the nutritional needs of various plant types. These solutions enhance plant growth, improve yield, and address specific issues like disease and pest management.
Market Scope |
|
Report Coverage |
Details |
Page number |
163 |
Base year |
2022 |
Historic period |
2017 - 2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.38% |
Market growth 2023-2027 |
USD 2.38 billion |
Market structure |
USD Fragmented |
YoY growth 2022-2023(%) |
5.93 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 43% |
Key countries |
US, China, Japan, Spain, 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, Haifa Negev technologies Ltd., Israel Chemicals Ltd., KS Aktiengesellschaft, Murugappa Group, Nutrien Ltd., Prabhat Fertilizer and Chemical Works, Sichuan Shucan Chemical Co. Ltd., Sociedad Quimica y Minera de Chile SA, Tessenderlo Group NV, Tribodyn GmbH, UAB Bioenergy LT, Wuhan Lvyin Chemical Co. Ltd., and Yara International ASA |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the market forecast period |
Customization purview |
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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 Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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