Foliar Spray Market By Foliar Type, By Product Type, And By Application, Forecasts to 2027

Increasing consumption of foliar spray in agriculture sector, one of the fastest-growing industry, is a key factor driving market revenue growth.

Market Size - USD 6,391.5 Million in 2020, Market Growth - CAGR of 5.5%, Market Trends - Increasing technological advancements such as advent of micro-irrigation and mechanized irrigation systems.

The global foliar spray market size is expected to reach USD 9,841.6 Million in 2028, and register a CAGR of 5.5% during the forecast period. Foliar spray technique is mainly used to spray fertilizers that contain primary nutrients as well as micronutrients on the plants. It has been considered as one of the most-efficient technique of delivering fertilizers to the plants. Market growth can be attributed to increasing cost of other sprays, ease of use, advanced and innovative production practices, new and novel product offerings, and easy availability.

Some Key Findings From the Report:

• Among the foliar type segments, the fertilizers segment accounted for the largest revenue share of 61.2% in 2020, due to growing demand for delivering accurate amount of nutrients, and enhance resistance to pest and disease.
• The Asia Pacific market was valued at USD 1,597.9 Million in 2020, and is expected to register a robust revenue compound annual growth rate during the forecast period.
• Europe foliar spray market accounted for the largest revenue share in 220, and is expected to continue with its dominance over the forecast period, due to high adoption of advanced agriculture practices in the region.
• The North America market accounted for second largest revenue share in 2020, and is expected to register a steady growth rate over the forecast period, due to rapidly growing agriculture sector in the region.
• Key players profiled in the report include EuroChem Group AG, Nutrien, K+S Aktiengesellschaft, Yara International ASA, Israel Chemicals Ltd., The Mosaic Company, Gujarat State Fertilizers & Chemicals Ltd., Coromandel International Limited, TRIBOdyn AG, and Hebei Monband Water Soluble Fertilizer Co., Ltd. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
• In 2017, Potash Corporation of Saskatchewan Inc. merged with and Agrium Inc. to develop innovations in technology and products, under the company name - Nutrien.

For the purpose of this report, the global foliar spray market is segmented on the basis of foliar type, product type, application, and region.

Foliar Type Outlook

• Fertilizer
• Pesticide

Product Type Outlook

• Nitrogenous
• Potassic
• Phosphatic
• Parathion
• Malathion
• Others

Application Outlook

• Horticultural Crops
• Field Crops
• Turfs & Ornamentals
• Others

Region Outlook

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Benelux
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Rest of Latin America
• Middle East and Africa
• Saudi Arabia
• UAE
• South Africa
• Rest of Middle East & Africa

Reasons to Buy the Report

• A robust analysis and estimation of the Foliar Spray Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
• A holistic competitive landscape of the all the major players in Foliar Spray Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
• Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
• Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
• Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization