How Has the Foliar Spray Market Size Evolved in Recent Years?
The foliar spray market has seen considerable growth due to a variety of factors.
• The market size of the foliar spray has significantly expanded over the past few years. It is projected to increase from $7.1 $ billion in 2024 to $7.58 $ billion in 2025, with a compound annual growth rate (CAGR) of 6.8%.
This growth during the historic period was driven by factors such as enhanced crop yield, the growing adoption of precision farming methods, increased demand for premium quality crops, heightened awareness regarding plant health, and the widening of agricultural territories.
What Are The Predictions for The Foliar Spray Market in the Coming Years?
The foliar spray market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations for considerable growth in the foliar spray market are high with the upcoming years forecasting significant expansion. The size of this market is predicted to reach $9.74 billion by 2029, showcasing a compound annual growth rate (CAGR) of 6.5%.
This projected expansion within the forecast period is a byproduct of several factors including the augmentation in global food necessity, an escalation in the use of organic farming methods, increased funding towards agricultural studies, expansion of farmable land, and climatic conditions favourable for crop development. Future trends within this period note the use of organic and natural foliar sprays, the incorporation of smart and precise farming methods, the implementation of drone technology in spray applications, the existence of personalised and tailor-made foliar formulations, and the growth and use of environmentally-friendly and decomposable products.
Which Drivers Are Accelerating Growth In The Foliar Spray Market?
The foliar spray market is poised for growth due to an increasing movement towards organic farming. Organic farming is an agricultural practice that refrains from the use of synthetic pesticides, fertilizers, herbicides, and genetically modified organisms (GMOs). Consumers' rising demand for healthier and chemical-free produce, heightened awareness about environmental sustainability, and supportive government policies and incentives are contributing to a growing shift towards organic farming. Organic foliar sprays that fit the organic standards are being widely used to boost crop health and yield without using synthetic chemicals, serving the organic farming sector. For example, in June 2024, data from Eurostat, a government agency based in Luxembourg, stated that about 16.9 million hectares of agricultural land in the European Union were allocated for organic farming in 2022, showing an increase from 15.9 million hectares in 2021. Additionally, in 2022, 10.5% of the total agricultural land in the EU was accounted for by organic farming. Thus, the increasing trend towards organic farming is expected to influence the growth of the foliar spray market.
What Are The Core Segments Of The Global Foliar Spray Market?
The foliar spraymarket covered in this report is segmented –
1) By Type: Nitrogenous, Phosphatic, Potassic, Micronutrients
2) By Form: Powder, Liquid
3) By Application: Horticultural Crops, Field Crops, Turfs And Ornamentals, Other Applications
Subsegments:
1) By Nitrogenous: Urea Foliar Sprays, Ammonium Nitrate Foliar Sprays, Calcium Nitrate Foliar Sprays, Organic Nitrogen Foliar Sprays
2) By Phosphatic: Monoammonium Phosphate (MAP) Sprays, Diammonium Phosphate (DAP) Sprays, Phosphoric Acid Foliar Sprays, Organic Phosphorus Foliar Sprays
3) By Potassic: Potassium Nitrate Foliar Sprays, Potassium Sulfate Foliar Sprays, Muriate of Potash Foliar Sprays, Organic Potassium Foliar Sprays
4) By Micronutrients: Zinc Foliar Sprays, Iron Foliar Sprays, Manganese Foliar Sprays, Boron Foliar Sprays, Copper Foliar Sprays
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What Trends Are Shaping The Foliar Spray Market?
Leading players in the foliar spray market are concentrating their efforts on developing crop-specific technologies for foliar products, including foliar adjuvants, to offer superior, long-lasting insect control and increase pest resistance management efficiency. Foliar adjuvants are supplemental ingredients that heighten the efficacy of foliar sprays by amplifying their spreading, cohesion, and penetration on plant foliage. To exemplify, in August 2024, BRQ Brasilquímica, an agrichemical corporation based in Brazil, introduced the Asperse foliar adjuvant, an upscale extension to its QualyAplic line. This sophisticated agricultural product amplifies spreading, wetting, and drift control in agrochemical sprays, primarily bolstering the potency of fungicides. Asperse promotes even pesticide distribution on crops like soybeans, corn, and cotton, elevating application proficiency and thereby increasing agricultural output.
Who Are the Key Players In The Foliar Spray Market?
Major companies operating in the foliar spray market are:
• BASF SE
• Syngenta AG
• Bayer CropScience AG
• Yara International
• The Mosaic Company
• Corteva Agriscience Inc.
• Sumitomo Chemical Company Limited
• Israel Chemical Ltd.
• Nutrien Ltd.
• UPL Limited
• FMC Corporation
• ADAMA Agricultural Solutions Ltd.
• EuroChem Group AG
• K+S AG
• Nufarm Limited
• GSFC Ltd (Gujarat State Fertilizers & Chemicals Ltd)
• Haifa Chemicals Ltd.
• Aries Agro Limited
• Valent Biosciences Corporation
• AgroLiquid
• Hebei Monband Water Soluble Fertilizer Co Ltd.
• WinField United
• Coromandel International Limited
• Lima Europe NV
• Tribodyn AG
What Are The Regional Insights Into The Foliar Spray Market?
Asia-Pacific was the largest region in the foliar spray market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the foliar spray market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
