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Foliar Spray: Global Strategic Business Report

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    Report

  • 577 Pages
  • January 2023
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4804885

Global Foliar Spray Market to Reach $9.8 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Foliar Spray estimated at US$6.5 Billion in the year 2022, is projected to reach a revised size of US$9.8 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2022-2030. Nitrogenous, one of the segments analyzed in the report, is projected to record a 6.8% CAGR and reach US$3.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Phosphatic segment is readjusted to a revised 4.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $922.7 Million, While China is Forecast to Grow at 7.5% CAGR

The Foliar Spray market in the U.S. is estimated at US$922.7 Million in the year 2022. 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 7.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.2 Billion by the year 2030.

Select Competitors (Total 88 Featured) -

  • Coromandel International Limited
  • EuroChem Group
  • Gujarat State Fertilizers & Chemicals Ltd.
  • Haifa Group
  • Hebei Monband Water Soluble Fertilizer Co., Ltd.
  • Israel Chemicals Limited (ICL)
  • K+S Aktiengesellschaft
  • TRIBOdyn AG
  • Yara International ASA

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Looking Ahead to 2023

The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China’s already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
Frequently Asked Questions about the Global Market for Foliar Spray

What is the estimated value of the Global Market for Foliar Spray?

The Global Market for Foliar Spray was estimated to be valued at $6.5 Billion in 2022.

What is the growth rate of the Global Market for Foliar Spray?

The growth rate of the Global Market for Foliar Spray is 5.3%, with an estimated value of $9.8 Billion by 2030.

What is the forecasted size of the Global Market for Foliar Spray?

The Global Market for Foliar Spray is estimated to be worth $9.8 Billion by 2030.

Who are the key companies in the Global Market for Foliar Spray?

Key companies in the Global Market for Foliar Spray include Coromandel International Limited, EuroChem Group, Gujarat State Fertilizers & Chemicals Ltd., Haifa Group, Hebei Monband Water Soluble Fertilizer Co., Ltd., Israel Chemicals Limited (ICL), K+S Aktiengesellschaft and Yara International ASA.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • Impact of Covid-19 and a Looming Global Recession
  • An Introduction to Foliar Spray
  • Foliar Spray Market: Prospects and Outlook
  • Nitrogenous Foliar Sprays Emerges as the Largest Segment
  • Horticultural Crops at the Forefront of Growth in Foliar Sprays Market
  • Europe Leads the Global Foliar Sprays Market
  • Foliar Spray - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
  • Coromandel International Limited (India)
  • EuroChem Group (Switzerland)
  • Gujarat State Fertilizers & Chemicals Ltd. (India)
  • Haifa Group (Israel)
  • Hebei Monband Water Soluble Fertilizer Co., Ltd. (China)
  • Israel Chemicals Limited (ICL) (Israel)
  • K+S Aktiengesellschaft (Germany)
  • TRIBOdyn AG (Germany)
  • Yara International ASA (Norway)
3. MARKET TRENDS & DRIVERS
  • Foliar Spray Market Poised to Benefit from the Robust Rise in Use of Liquid Fertilizers
  • Global Liquid Fertilizers Market in US$ Million for the Years 2019, 2021, 2023 and 2025
  • Numerous Advantages of Foliar Feeding Drives Growth in the Foliar Spraying Market
  • Factors Determining Success of Foliar Spray Application
  • Shrinking Arable Land and Need to Increase Agricultural Production and Yield to Meet the Needs of Expanding Global Population to Bolster Market Growth
  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050 and 2100
  • Food Demand Worldwide: Demand Growth in Million Tonnes for Cereals and Sugar in Select Regions for the Period 2008-2017 and 2018-2027
  • Loss of Arable Land Exerts Immense Pressure on Yields Per Acre: Global Availability of Arable Land in Hectares Per Person for the Years 1990, 2000, 2018 and 2020
  • Arable Land Worldwide as a % of Total Land Area for the Years 1990, 2000, 2018 and 2020
  • With Multi-Nutrient Deficiency Causing Food and Nutritional Insecurity, Foliar Nutrition Emerges as a Supplementary Approach to Soil Nutrient Application
  • Efficiency of Foliar Feeding Vs Soil Application
  • Intensive Farming and Emergence of Mega Farms Raises Importance of Foliar Spraying to Promote Nutrient Uptake in Crops
  • Farm Size Distribution Worldwide: Percentage Breakdown of Farm Land by Size and Region
  • Organic Foliar Spray: A Sustainable Alternative to Chemical Fertilizers
  • Nitrogenous Foliar Spraying Offers Significant Advantages for Nursery Production
  • Need to Bolster Soil Life Propels Adoption of Foliar Spray in Permaculture Gardens
  • Foliar Application for Horticultural Crops: A Promising Market
  • Increase in Horticultural Crops Production: Opportunity for Foliar Spray Market
  • Global Vegetable Production Volume in Million Metric Tons for the Period 2010-2017
  • Top Countries Ranked by Production Volume of Fresh Vegetables (in Million Metric Tons) for 2017
  • Global Vegetable Production Share (in %) by Top Vegetables for 2017
  • Global Fresh Fruit Production Volume in Million Metric Tons for the Period 2010-2017
  • Foliar Micronutrient Feeding Holds an Edge over Soil Application for Addressing Micronutrient-Deficiency Symptoms
  • Soybean Crops Benefit from Foliar Fertilizer Application
  • Foliar Nutrition Helps Improve Growth, Seed Yield, and Yield Attributes of Pulse Crops
  • Global Pulses Production Volume in Million Metric Tons for the Period 2010-2017
  • Robust Growth of Biostimulants Market to Fuel Demand for Foliar Spray
  • Promising Growth Outlook for Biostimulants Favors Foliar Spray Market: Global Plant Biostimulants Market Revenues in US$ Million for the Years 2018, 2020, 2022 and 2024
  • Global Biostimulants Market by Application (in %) for 2019
  • Foliar Nutrition Emerges as a Vital Tool for Biofortification
  • Rising Significance of Nano-Foliar Application
  • Push towards Organic Farming and Rising Demand for Organic Fertilizers to Restrain Growth in Foliar Spray Market
  • Global Organic Fertilizers Market Revenues in US$ Billion for the Years 2019, 2021, 2023 and 2025
  • Global Organic Agricultural Land in Million Hectares for the Years 2010, 2012, 2014, 2016 and 2018
  • Global Percentage Distribution of Organic Farmland by Region (in Million Hectares): 2017
  • Foliar Spray of Herbicides Become Essential Part of Weed Management
  • Ease of Use Presents Foliar Spray as the Preferred Application Technique for Plant Activators
  • Global Plant Activators Market Size in US$ Million for 2018, 2020, 2022 and 2024
  • Innovative Solutions Drive Growth in Foliar Spray Market
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Nitrogenous by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 2: World Historic Review for Nitrogenous by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 3: World 16-Year Perspective for Nitrogenous by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Phosphatic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 5: World Historic Review for Phosphatic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 6: World 16-Year Perspective for Phosphatic by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Potassic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 8: World Historic Review for Potassic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 9: World 16-Year Perspective for Potassic by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Micronutrients by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 11: World Historic Review for Micronutrients by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 12: World 16-Year Perspective for Micronutrients by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Horticultural Crops by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 14: World Historic Review for Horticultural Crops by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 15: World 16-Year Perspective for Horticultural Crops by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Field Crops by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 17: World Historic Review for Field Crops by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 18: World 16-Year Perspective for Field Crops by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Turfs & Ornamentals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 20: World Historic Review for Turfs & Ornamentals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 21: World 16-Year Perspective for Turfs & Ornamentals by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 23: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 24: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 25: World Foliar Spray Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • Table 26: World Recent Past, Current & Future Analysis for Foliar Spray by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 27: World Historic Review for Foliar Spray by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • Table 28: World 16-Year Perspective for Foliar Spray by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Foliar Spray Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
CANADA
JAPAN
  • Foliar Spray Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
CHINA
  • Foliar Spray Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
EUROPE
  • Foliar Spray Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
FRANCE
  • Foliar Spray Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
GERMANY
  • Foliar Spray Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
ITALY
UNITED KINGDOM
  • Foliar Spray Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Foliar Spray Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
AUSTRALIA
  • Foliar Spray Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
INDIA
  • Foliar Spray Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Foliar Spray Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
ARGENTINA
BRAZIL
  • COLOMBIA
MEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Foliar Spray Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Foliar Spray Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Coromandel International Limited
  • EuroChem Group
  • Gujarat State Fertilizers & Chemicals Ltd.
  • Haifa Group
  • Hebei Monband Water Soluble Fertilizer Co., Ltd.
  • Israel Chemicals Limited (ICL)
  • K+S Aktiengesellschaft
  • TRIBOdyn AG
  • Yara International ASA