Global Foliar Spray Market, By Product Type (Powder and Liquid), Chemical (Nitrogenous, Potassic, Phosphatic and Micronutrients), Application (Horticultural Crops Field Crops and Turfs and Ornamentals), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Foliar Spray Market
Data Bridge Market Research analyses that the foliar spray market will witness a CAGR of 6.70% for the forecast period of 2022-2029. Growth in the demand for foliar spray especially in the emerging economies such as India and China, growing use of foliar spray for a wide range of end user applications, rising number of agricultural activities, growing cultivation of crops and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the foliar spray market.
Foliar sprays are referred to as those agrochemicals that serve the purpose of increasing the nutrition uptake in plants. The application of foliar sprays allows the absorption of greater nutrients to plants than soil fertilisation.
Rise in demand for foliar spray by agriculture industry is the root cause for fuelling up the market growth rate. Rising demand for foliar spray in the decoration and maintenance of turfs and ornamentals and growth and expansion of various end user verticals in the emerging economies will also directly and positively impact the growth rate of the market. Rising awareness about the benefits of foliar spray and its product innovations by the major players, rising expenditure for research and development proficiencies by the major companies, upsurge in the rate of industrialization, surging demand for cereals, grains, pulses and fruits and vegetables, rising advent of micro-irrigation and mechanized irrigation systems and growing focus on the technological advancements and modernization in the production techniques will further carve the way for the growth of the market.
However, insufficiency in raw material demand and supply owing to the lockdown and volatility in their prices will pose a major challenge to the growth of the market. High cost associated with research and development proficiencies, rising environmental concerns coupled with stringent environmental protection agency (EPA) regulations and strict global trade restrictions will dampen the market growth rate. Also, growing awareness about the harmful effects of synthetic agrochemicals on soil and crop health will also hamper the market growth rate. Large scale availability of low cost alternatives in the market will also restrict the scope of growth.
This foliar spray market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on foliar spray market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Foliar Spray Market Scope and Market Size
The foliar spray market is segmented on the basis of product type, chemical and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of product type, the foliar spray market is segmented into powder and liquid.
- On the basis of chemical, the foliar spray market is segmented into nitrogenous, potassic, phosphatic and micronutrients.
- On the basis of application, the foliar spray market is segmented into horticultural crops, field crops, turfs and ornamentals. Horticultural crops segment is further segmented into orchard crops, vegetable and flower crops.
Foliar Spray Market Country Level Analysis
The foliar spray market is analysed and market size, volume information is provided by country, product type, chemical and application as referenced above.
The countries covered in the foliar spray market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific region dominates the foliar spray market owing to the strong consumption in countries like China, Japan, and India, rising cultivation of agricultural and horticulture crops, presence of major players in this region, high availability of agricultural land, large scale population in this region, ever-rising demand and consumption of food, increase in the research and development activities, favourable investment policies by the government in order to promote industrial growth, high economic growth in the emerging countries, abundant availability of raw materials and rising investments by various public and private manufacturers in Asia Pacific.
The country section of the foliar spray market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Foliar Spray Market Share Analysis
The foliar spray market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to foliar spray market.
Some of the major players operating in the foliar spray market report are Tessenderlo Group, Compass Minerals., UNITED CO. FOR FERTILIZERS & CHEMICALS, Yara, SESODA CORPORATION, K+S Minerals and Agriculture GmbH, SQM S.A., Migao Corporation, Kemira, Mosaic, Intrepid Potash, SOPerior Fertilizer Corp., Shijiazhuang Hehe Chemical Fertilizer Co., Ltd, Shandong Lianmeng Chemical Group Co, Ltd., Nutrien Ltd., EuroChem Group, Dow, DuPont, HELM AG, ICL Fertilizers and Borealis AG among others.
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