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).
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold 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.