Global Foliar Sprays Market: Overview
Foliar sprays are used for application of fertilizers directly onto plant leaves. Plants are capable of absorbing nutrients through their leaves and this transport of nutrients is more rapid compared to the transport through roots when a fertilizer is added to soil. Foliar sprays offer an excellent method of providing plants with nutrients they lack, but they are not a substitute for healthy soil. Foliar sprays are easy to apply and they distribute nutrients uniformly onto crops.
Global Foliar Sprays Market: Key Segments
In terms of type, the global foliar sprays market can be segmented into: nitrogenous, phosphatic, potassic, and micronutrients. Nitrogenous is anticipated to be the rapidly expanding type segment during the forecast period. Nitrogenous fertilizers offer basic nutrients required for plant growth and foliar sprays are widely used for application of these fertilizers. In terms of application, the global foliar sprays market can be segmented into: horticultural crops, field crops, and turfs & ornamentals. Horticultural crops is the leading application segment of the global foliar sprays market. With increase in population, land available for cultivation of crops is decreasing and this has raised the need for better methods for fertilizer application. This is likely to be a driving factor for the global foliar sprays market during the forecast period.
Global Foliar Sprays Market: Trends & Developments
The global foliar sprays market is expanding at a significant pace. The growth can be attributed to increased agricultural output led by the use of foliar sprays. Foliar sprays offer an effective method of increasing crop yield from a limited area of land, as nutrients are directly supplied to plants. The growing trend of using organic food items is a restraint of the global foliar sprays market. Fertilizers are sprayed by using foliar sprays and a lot of people are opting for chemical-free products. This is expected to hamper the demand for foliar sprays market, especially in Europe, the U.S., and Japan during the forecast period.
Global Foliar Sprays Market: Regional Outlook
In terms of region, the global global foliar sprays market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is the leading global foliar sprays market across the world. The global foliar sprays market in the region is estimated to expand at a rapid pace during the forecast period. North America is the second-largest global foliar sprays market. The global foliar sprays market in the region is estimated to expand at a significant pace during the forecast period. Asia Pacific is estimated to be a rapidly expanding global foliar sprays market from 2018 to 2026. This can be attributed to the rising need for efficient fertilizers to optimize agricultural production, as limited availability of land for agriculture is a constraint to the market in Asia Pacific. Latin America and Middle East & Africa witness low demand for foliar sprays market and it is anticipated to remain low during the forecast period.
Global Foliar Sprays Market: Key Players
Some of the key players operating in the global foliar sprays market are EuroChem Group AG (Switzerland), Nutrien (Canada), K+S Aktiengesellschaft (Germany), Yara International ASA (Norway), Israel Chemicals Ltd. (Israel), The Mosaic Company (the U.S.), Gujarat State Fertilizers & Chemicals Ltd. (India), Coromandel International Limited (India), TRIBOdyn AG (Germany), Hebei Monband Water Soluble Fertilizer Co., Ltd. (China), and Haifa Chemicals Ltd. (Israel).
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.