GLOBAL FOLIAR SPRAY MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

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