Global Foliar Spray Market, By Type (Nitrogenous, Potassic, Micronutrients, Phosphatic), By Form (Powder, Liquid), By Application (Horticulture Openfield, Horticulture, Greenhouse, Field Crops, Turf & Ornamental, Other), By Geography(North America, Europe
Global Foliar Spray Market, By Type (Nitrogenous, Potassic, Micronutrients, Phosphatic), By Form (Powder, Liquid), By Application (Horticulture Openfield, Horticulture, Greenhouse, Field Crops, Turf & Ornamental, Other), By Geography(North America, Europe, Asia Pacific, Latin America, Middle East and Africa).
The foliar spray market size is expected to reach US$ 9.70 Bn by 2031, from US$ 7.30 Bn in 2024, at a CAGR of 4.1% during the forecast period.
Figure 1. Foliar Spray Market Share (%), By Region, 2024
Foliar sprays refer to applications of liquid fertilizers or agricultural chemicals directly to plant leaves through spraying. This targeted method of delivery allows for the efficient absorption of nutrients and other substances by leaves. As growing environmental and economic pressures drive the demand for sustainable farming practices, foliar sprays have gained popularity due to their advantages over traditional soil applications. By bypassing the soil medium, foliar sprays can more quickly correct micronutrient deficiencies in plants. They also reduce the risk of groundwater contamination compared to soil applications. With organic and sustainable agriculture on the rise, the foliar spray market is expected to grow steadily in the coming years.
Market Dynamics:
The global foliar spray market is driven by the rising demand for organic and residue-free food products. Consumers are increasingly health-conscious and prefer fruits and vegetables that have little to no traces of pesticides. This has propelled farmers to adopt foliar sprays that minimize soil contamination and produce crops with fewer residues. Another major factor propelling the market growth is the cost-effectiveness of foliar sprays. They require smaller quantities of nutrients to achieve the same results as soil applications, thereby reducing input costs for farmers. However, stringent regulations pertaining to adjuvants and surfactants used in foliar sprays pose a challenge to market players. Also, over-dependence on foliar sprays could reduce soil quality over the long run. This presents an opportunity for integrated pest management solutions. The global foliar spray market is driven by the need for efficient nutrient delivery methods for crops. Soil applications can often be inefficient with nutrients leaching away before plants can absorb them. Foliar sprays work faster to correct deficiencies.
Key features of the study:
This report provides an in-depth analysis of the global foliar spray market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global foliar spray market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include ANDAMAN AG, Nutrient Technologies, Yara, Aries Agro Limited, and EuroChem
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global foliar spray market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global foliar spray market
Detailed Segmentation:
Foliar Spray Market, By Type
Nitrogenous
Potassic
Micronutrients
Phosphatic
Foliar Spray Market, By Form
Powder
Liquid
Foliar Spray Market, By Application
Horticulture Openfield
Horticulture
Greenhouse
Field Crops
Turf & Ornamental
Others
Foliar Spray Market, By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Top Companies in the Foliar Spray Market
ANDAMAN AG
Nutrient Technologies
Yara
Aries Agro Limited
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Overview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Type
Market Snippet, By Form
Market Snippet, By Application
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Rising Demand for Enhanced Crop Yield and Quality
Growing Environmental and Sustainability Concerns
Restraints
Difficulty in Proper Application Techniques Restrains the Market Growth
High Equipment and Operational Costs Limit Widespread Adoption
Opportunities
Product Innovation for Different Crop Types
Export Markets Expansion
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER’s Analysis
Merger and Acquisition Scenario
4. Foliar Spray Market – Impact of Coronavirus (COVID-19) Pandemic