Foliar Spray

Foliar Spray

Global Foliar Spray Market to Reach US$9.8 Billion by 2030

The global market for Foliar Spray estimated at US$6.8 Billion in the year 2023, is expected to reach US$9.8 Billion by 2030, growing at a CAGR of 5.2% over the analysis period 2023-2030. Nitrogenous Foliar Spray, one of the segments analyzed in the report, is expected to record a 6.7% CAGR and reach US$3.9 Billion by the end of the analysis period. Growth in the Phosphatic Foliar Spray segment is estimated at 4.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$963.0 Million While China is Forecast to Grow at 7.4% CAGR

The Foliar Spray market in the U.S. is estimated at US$963.0 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2030 trailing a CAGR of 7.4% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.6% and 4.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.0% CAGR.

Global Foliar Spray Market - Key Trends & Drivers Summarized

Foliar spray is a method of fertilizing plants by applying liquid fertilizer directly to their leaves. This technique is particularly beneficial for providing nutrients to plants that might not be easily accessible through root absorption due to soil conditions, such as pH imbalances, high salinity, or heavy clay content. Foliar feeding is often used to supply micronutrients like iron, zinc, manganese, and copper, which are crucial for plant health and productivity but are typically absorbed less efficiently through roots. The absorption of nutrients through the leaves can be significantly faster than through the soil, providing a quick remedy for nutrient deficiencies. This method is highly effective for correcting mid-season deficiencies and boosting growth during critical growth phases, making it a popular choice in both agriculture and horticulture for enhancing crop yield and quality.

The effectiveness of foliar sprays depends heavily on the formulation of the spray solution and the conditions under which it is applied. Recent advancements in agronomic science have led to the development of more refined foliar products that include a variety of macro and micronutrients, biostimulants, and even protective agents like fungicides and insecticides. These solutions are designed to have an optimal droplet size and are often mixed with surfactants that help the spray to spread and stick to leaf surfaces, thereby increasing the absorption rate. Moreover, modern sprayers are more precise, allowing for targeted application that minimizes waste and environmental impact. Such precision is crucial in maintaining the delicate balance of providing enough nutrients without causing damage from over-application. Additionally, the timing of application is critical; for instance, early morning or late evening applications are generally preferred because lower light and cooler temperatures reduce the evaporation rate and increase nutrient uptake.

The growth in the foliar spray market is driven by several factors, including the increased global need for higher agricultural productivity amid a growing population and decreasing arable land. Technological advancements in spray compounds and application equipment, which allow for more precise and efficient nutrient delivery, also contribute significantly to market expansion. Furthermore, there is a rising trend towards sustainable agriculture practices that emphasize minimal soil disturbance and reduced chemical use, under which foliar sprays can play a crucial role by efficiently targeting nutritional applications and reducing the volume of chemicals applied. Consumer behavior is also shifting towards organic and environmentally friendly farming methods, which further fuels the demand for specialized foliar products that comply with organic farming standards. These dynamics are complimented by increasing investments in agricultural research and development, which continue to refine and enhance the effectiveness and scope of foliar feeding as a vital component of modern integrated plant nutrient management systems.

Select Competitors (Total 88 Featured) -

• Israel Chemicals Ltd. (ICL)
• Fertiberia SA
• ICL Fertilizers
• Aglukon Spezialduenger GmbH & Co. KG
• Coromandel International Ltd.
• Humintech GmbH
• Haifa Group
• AXEB BIOTECH SL
• Grabi Chemical
• Green Has Italia SpA
• Harrell`s LLC
• Lima Europe NV
• Aditya Micronutrients
• HeyBro Hong Kong Limited
• Grotek, Inc.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.