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Foliar Spray Market by Type (Nitrogenous, Phosphatic, Potassic and Micronutrients), Form (Powder and Liquid), Application (Horticultural Crops, Field Crops, Turfs & Ornamentals), Region ( North America, Europe, Asia-Pacific) - Global Forecast to 2028

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    Report

  • 263 Pages
  • May 2023
  • Region: Global
  • Markets and Markets
  • ID: 5807627

The foliar spray market is projected to grow from USD 7.3 billion in 2023 to USD 9.6 billion by 2028 growing at a CAGR of 5.5% during the forecast period. Foliar sprays are gaining popularity in agriculture due to their ability to provide crops with the necessary nutrients, resulting in improved growth, yield, and quality. This is particularly important for high-value crops like fruits, vegetables, and ornamental plants. Foliar sprays also reduce the need for excessive use of fertilizers and chemicals, making them an environmentally friendly approach to agriculture. As sustainable agricultural practices gain more attention, the demand for foliar sprays is increasing, as they can be formulated to be environmentally friendly and promote sustainable agriculture. Additionally, the adoption of precision agriculture technologies, like sensors and drones, is driving the demand for foliar spray. Moreover, the demand for foliar sprays is driven by the need for improved crop yield and quality, the adoption of precision agriculture technologies, and the growing awareness of sustainable agricultural practices. 

Potassic is the second largest segment among types of foliar spray in 2022. 

Potassic foliar sprays are an essential type of foliar spray containing potassium, which plays a crucial role in various physiological processes of plants. They are the second-largest segment among types of foliar sprays, following nitrogenous foliar sprays. These sprays are widely used to promote crop growth, increase yield, and improve fruit quality. They also enhance plant resistance to biotic and abiotic stressors and address potassium deficiencies during critical growth stages. The demand for potassic foliar sprays is driven by the growing need for sustainable agriculture practices and the adoption of precision agriculture technologies that enable more targeted and efficient applications.

The application of foliar spray in the field crop is accounting for the largest share of the application segment.

Foliar sprays are widely used in field crops such as cereals, oilseeds, and pulses to provide essential nutrients, promote growth and development, and improve yield. The field crop application segment accounts for the largest share of the foliar spray market. Foliar sprays offer an effective solution to address challenges such as nutrient deficiencies, pests, diseases, and adverse weather conditions that can limit crop growth and yield. The growing demand for high-quality crops and the need for sustainable agriculture practices are driving the adoption of foliar sprays in field crops. They reduce the excessive use of fertilizers and other chemicals, resulting in a more sustainable and environmentally friendly approach to agriculture. Additionally, precision agriculture technologies enable the more targeted and efficient application of foliar sprays in field crops, contributing to the growth of the market segment.

Asia Pacific is projected to witness substantial growth during the forecast period in the foliar spray market.

Asia Pacific is expected to experience significant growth in the foliar spray market during the forecast period. This growth can be attributed to several factors, including the increasing population and rising demand for food products, particularly in countries such as India and China. The growth of the agricultural sector in the region, coupled with the adoption of new technologies and practices, is creating opportunities for the foliar spray market. Additionally, the presence of key players in the region and the development of innovative products tailored to the specific needs of the region are also contributing to the growth of the foliar spray market in the Asia Pacific.

The Break-up of Primaries:

  • By Company Type: Tier 1 - 60.0%, Tier 2 - 25.0%, Tier 3 - 15.0%
  • By Designation: CXOs - 35.0%, Managers level - 45.0%, Executives - 20.0%
  • By Region: APAC - 45.0%, Europe - 25.0%, North America - 10.0%, South America -5%, RoW - 15.0%

Leading players profiled in this report: 

  • Eurochem Group AG (Switzerland)
  • Nutrien (Canada) 
  • K+S Aktiengesellschaft (Germany) 
  • Yara International (Norway) 
  • Israel Chemical Ltd. (Israel) 
  • The Mosaic Company (US)
  • Gujarat State Fertilizers & Chemicals Ltd. (India)
  • Coromandel International Limited (India)
  • Tribodyn AG (Switzerland)
  • Hebei Monband Water Soluble Fertilizer Co., Ltd. (China)
  • Haifa Chemicals Ltd (Israel) 
  • Andaman AG (Switzerland)
  • Aries Agro Limited (India)
  • Sichuan Shucan Chemical Co. Ltd (China)
  • ICL Specialty Fertilizers (Israel)
  • Nutrient Technologies (US)
  • Lima Europe (Belgium)
  • Chaitanya Agro Biotech Pvt. Ltd. (India)
  • Cippy Bio International (Israel)
  • AgroLiquid (US)

Research Coverage:
The report segments the foliar spray market based on type, form, application, and region. In terms of insights, this report has focused on various levels of analyses - the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the foliar spray market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, services; key strategies; Contracts, partnerships, and agreements. new product launches, mergers and acquisitions, and recent developments associated with the foliar spray market.  Competitive analysis of upcoming startups in the foliar spray market ecosystem is covered in this report.

Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall foliar spray market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (The demand for high-quality food products, awareness of foliar spray benefits, and the need to increase crop productivity are driving the growth of the foliar spray market.), restraints (Lack of awareness and understanding among farmers about foliar sprays) opportunities (Increase investment in R&D activities by manufacturers and Potential for diversification into other application sectors), and challenges (Resistance to foliar spray products among pests and diseases). 
  • Product Development/Innovation: Detailed insights on, research & development activities, and new product launches in the foliar spray market
  • Market Development: Comprehensive information about lucrative markets - the report analyses the foliar spray market across varied regions.
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the foliar spray market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like Eurochem Group AG (Switzerland), Nutrien (Canada), K+S Aktiengesellschaft (Germany), Yara International (Norway), Israel Chemical Ltd. (Israel), The Mosaic Company (US), Gujarat State Fertilizers & Chemicals Ltd. (India), Coromandel International Limited (India), Tribodyn AG (Switzerland), Hebei Monband Water Soluble Fertilizers Co., Ltd. (China), Haifa Chemicals Ltd (Israel), Andaman AG (Switzerland), Aries Agro Limited (India), Sichuan Shucan chemical Co. Ltd (China), ICL Specialty Fertilizers (Israel), Nutrient Technologies (US), Lima Europe (Belgium), Chaitanya Agro Biotech Pvt. Ltd. (India), Cippy Bio international (Israel) and AgroLiquid (US) among others in the foliar spray market. 

Table of Contents

1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Study Scope
1.4. Regions Covered
1.5. Periodization Considered
1.6. Currency Considered
1.7. Volume Unit Considered
1.8. Stakeholders
1.9. Summary of Changes
1.9.1. Recession Impact

2. Research Methodology
2.1. Research Data
2.1.1. Secondary Data
2.1.1.1. Key Data from Secondary Sources
2.1.2. Primary Data
2.1.2.1. Key Data from Primary Sources
2.1.2.2. Breakdown of Primary Interviews
2.2. Market Estimation
2.2.1. Introduction
2.2.2. Demand-Side Analysis
2.2.3. Supply-Side Analysis
2.3. Market Breakdown & Data Triangulation
2.4. Research Assumptions and Limitations
2.5. Recession Impact

3. Executive Summary4. Premium Insights
5. Market Overview
5.1. Introduction
5.2. Market Dynamics
5.2.1. Drivers
5.2.2. Restraints
5.2.3. Opportunities
5.2.4. Challenges

6. Industry Trends
6.1. Introduction
6.2. Trends Impacting Customer's Business
6.3. Value Chain Analysis
6.4. Trade Analysis
6.5. Technology Analysis
6.6. Patent Analysis
6.7. Ecosystem Map & Supply Chain Analysis
6.8. Porter's Five Forces Analysis
6.8.1. Threat of New Entrants
6.8.2. Threat of Substitutes
6.8.3. Bargaining Power of Suppliers
6.8.4. Bargaining Power of Buyers
6.8.5. Intensity of Competitive Rivalry
6.9. Case Studies
6.10. Pricing Analysis
6.10.1. Average Selling Price Trend Analysis
6.10.2. Average Selling Price of Key Players, by Type
6.11. Regulatory Framework
6.11.1. Regulatory Bodies, Government Agencies & Other Organizations
6.12. Key Stakeholders and Buying Criteria
6.13. Key Conferences & Events, 2023 - 2024

7. Foliar Spray Market, by Product Type
7.1. Introduction
7.2. Nitrogenous
7.3. Phosphatic
7.4. Potassic
7.5. Micronutrients

8. Foliar Spray Market, by Form
8.1. Introduction
8.2. Powder
8.3. Liquid

9. Foliar Spray Market, by Crop Type
9.1. Introduction
9.2. Horticultural Crops
9.2.1. Orchard Crops
9.2.2. Vegetable & Flower Crops
9.3. Field Crops
9.4. Turfs & Ornamentals
9.5. Others

10. Foliar Spray Market, by Region
10.1. Introduction
10.2. North America
10.2.1. Recession Impact
10.2.2. U.S
10.2.3. Canada
10.2.4. Mexico
10.3. Europe
10.3.1. Recession Impact
10.3.2. Germany
10.3.3. UK
10.3.4. France
10.3.5. Spain
10.3.6. Italy
10.3.7. Rest of Europe
10.4. Asia-Pacific
10.4.1. Recession Impact
10.4.2. China
10.4.3. India
10.4.4. Japan
10.4.5. South Korea
10.4.6. Australia & New Zealand
10.4.7. Rest of Asia-Pacific
10.5. South America
10.5.1. Recession Impact
10.5.2. Brazil
10.5.3. Argentina
10.5.4. Rest of South America
10.6. Rest of World
10.6.1. Recession Impact
10.6.2. Middle East
10.6.3. Africa

11. Competitive Landscape
11.1. Overview
11.2. Market Share Analysis
11.3. Key Player Strategies
11.4. Revenue Analysis of Key Players, 2020-2022
11.5. Company Evaluation Quadrant (Key Players)
11.5.1. Star
11.5.2. Pervasive Players
11.5.3. Emerging Leaders
11.5.4. Participants
11.5.5. Competitive Benchmarking
11.6. Product Footprints
11.7. Start-Up/SME Evaluation Quadrant
11.7.1. Progressive Companies
11.7.2. Starting Blocks
11.7.3. Responsive Companies
11.7.4. Dynamic Companies
11.7.5. Competitive Benchmarking
11.8. Competitive Scenario and Trends
11.8.1. Product Launches
11.8.2. Deals
11.8.3. Other Developments

12. Company Profiles
12.1. Key Players
12.1.1 Eurochem Group AG
12.1.2 Nutrien
12.1.3 K+S Aktiengesellschaft
12.1.4 Yara International
12.1.5 Israel Chemical Ltd.
12.1.6 The Mosaic Company
12.1.7 Gujarat State Fertlizers & Chemicals Ltd.
12.1.8 Coromandel International Limited
12.1.9 Tribodyn AG
12.1.10 Hebei Monband Water Soluble Fertilizer Co. Ltd.
12.1.11 Haifa Chemicals Ltd.
12.1.12 Andaman AG
12.1.13 Aries Agro Limited
12.1.14 Sichuan Shucan Chemical Co. Ltd.
12.1.15 Icl Specialty Fertilizers
12.1.16 Nutrient Technologies
12.1.17 Lima Europe

13. Adjacent & Related Markets
14. Appendix
14.1. Discussion Guide

Companies Mentioned

  • Andaman AG
  • Aries Agro Limited
  • Coromandel International Limited
  • Eurochem Group AG
  • Gujarat State Fertlizers & Chemicals Ltd.
  • Haifa Chemicals Ltd.
  • Hebei Monband Water Soluble Ferilizer Co. Ltd.
  • Icl Specialty Fertilizers
  • Israel Chemical Ltd.
  • K+S Aktiengesellschaft
  • Lima Europe
  • Nutrien
  • Nutrient Technologies
  • Sichuan Shucan Chemical Co. Ltd.
  • The Mosaic Company
  • Tribodyn AG
  • Yara International

Methodology

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Table Information