Foliar Spray Market Size (2024 - 2029)

The foliar spray market is experiencing fluctuations in its market size due to various factors, including the impact of the COVID-19 pandemic, which has disrupted agricultural activities and reduced demand. Despite these challenges, the market is expected to grow over the medium term, driven primarily by increased demand from horticulture crops. The Asia-Pacific region holds the largest share and is anticipated to be the fastest-growing area, supported by rising consumption in countries like China, India, and Japan. However, the shift towards organic fertilizers and the lingering effects of the pandemic pose challenges to the market's expansion.

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Market Size of Foliar Spray Industry

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Foliar Spray Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 5.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Foliar Spray Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Foliar Spray Market Analysis

The Global Foliar Spray Market is projected to register a CAGR of over 5% during the forecast period (2021-2026).

Foliar sprays are nutrients that are sprayed to plants in their vegetative and generative (flowering, fruit setting, and maturity) stages. COVID-19 has affected the maturity and harvest of crops. Due to lockdown regulations and stay-at-home orders, a majority of farmers are scared to come out of their homes. Shortages of agricultural laborers have added to their woes. The lockdown has dealt a blow to the agricultural sector at a time when crops, like paddy, maize, red jowar, chilies, tomato, and horticulture products, like banana, watermelon, musk melon, sweet lime, grapes, pomegranate, and papaya, are ready to be harvested. Owing to all the above factors, the consumption and demand in the foliar spray market are decreased.

  • Over the medium term, the major factor driving the market studied is a growing demand for foliar sprays from horticulture crops.
  • On the flip side, the growing demand for organic fertilizers in agriculture coupled with unfavorable conditions arising due to the COVID-19 outbreak is hindering the growth of the market.
  • The Asia-Pacific region represents the largest market, and it is also expected to be the fastest-growing market over the forecast period, owing to the increasing consumption from countries such as China, India, and Japan.

Foliar Spray Industry Segmentation

The foliar spray market is segmented by chemical, product type, application, and geography. By chemical, the market is segmented into phosphatic, nitrogenous, potassic, calcium, micronutrients, and other chemicals. By product type, the market is segmented into powder and liquid. By application, the market is segmented into horticulture crops, agriculture crops, orchard crops, vegetables, turfs, and other applications. The report also covers the market size of and forecasts for the foliar spray market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

Chemical
Phosphatic
Nitrogenous
Potassic
Calcium
Micronutrients
Other Chemicals
Product Type
Powder
Liquid
Application
Horticulture Crops
Agriculture Crops
Orchard Crop
Vegetables
Turfs
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Foliar Spray Market Size Summary

The foliar spray market is experiencing a dynamic phase, driven by the increasing demand for nutrient application in horticulture crops. This technique involves spraying liquid fertilizers directly onto plant leaves, allowing for rapid absorption of essential micronutrients, particularly during critical growth stages. The market is witnessing a growing interest from the horticulture sector, which is becoming a significant driver due to factors such as water scarcity and the profitability of small farms compared to traditional agriculture. The Asia-Pacific region, with its diverse climatic conditions and robust agricultural practices, is at the forefront of this market, with countries like China, India, and Japan leading in consumption and production. Despite the challenges posed by the COVID-19 pandemic, which temporarily disrupted agricultural activities and labor availability, the demand for foliar sprays is expected to rebound, particularly in horticultural applications.

The Asia-Pacific region is anticipated to maintain its dominance in the foliar spray market, supported by its large-scale agricultural activities and the presence of major production companies. The region's agricultural landscape is characterized by a high demand for foliar sprays, especially in horticulture, where countries like China and India are significant players. The market is partially consolidated, with a few key companies such as ANDAMAN AG, Nutrient Technologies, Yara, Aries Agro Limited, and EuroChem leading the industry. These companies are instrumental in driving innovation and meeting the growing needs of the agricultural sector. As the demand for efficient and effective agricultural practices continues to rise, the foliar spray market is poised for substantial growth, particularly in regions with high agricultural output and diverse crop production.

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Foliar Spray Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand for Foliar Sprays from Horticulture Crops

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Growing Demand for Organic Fertilizers in Agriculture

      2. 1.2.2 Fluctuating Raw Material Price

      3. 1.2.3 Unfavorable Conditions Arising Due to the COVID-19 Outbreak

      4. 1.2.4 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Chemical

      1. 2.1.1 Phosphatic

      2. 2.1.2 Nitrogenous

      3. 2.1.3 Potassic

      4. 2.1.4 Calcium

      5. 2.1.5 Micronutrients

      6. 2.1.6 Other Chemicals

    2. 2.2 Product Type

      1. 2.2.1 Powder

      2. 2.2.2 Liquid

    3. 2.3 Application

      1. 2.3.1 Horticulture Crops

      2. 2.3.2 Agriculture Crops

      3. 2.3.3 Orchard Crop

      4. 2.3.4 Vegetables

      5. 2.3.5 Turfs

      6. 2.3.6 Other Applications

    4. 2.4 Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 United States

        2. 2.4.2.2 Canada

        3. 2.4.2.3 Mexico

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 France

        4. 2.4.3.4 Italy

        5. 2.4.3.5 Rest of Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle-East and Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 South Africa

        3. 2.4.5.3 Rest of Middle-East and Africa

Foliar Spray Market Size FAQs

The Foliar Spray Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

ANDAMAN AG, Yara, Aries Agro Limited, Nutrient TECH and EuroChem are the major companies operating in the Foliar Spray Market.

Foliar Spray Market Report Snapshots

Foliar Spray Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)