Foliar Spray Market 2020 – 2030 Prominent Players: Nutrien, EuroChem Group AG, Yara International ASA, The Mosaic Company

Foliar Spray Market: Overview

Globally, agriculture sector is reforming in many ways such as by introducing innovative technology, equipment and chemicals. These innovation helps in to reduce the time and simultaneously to increase productivity of the plant. Ideally, plant requires seventeen nutrients to complete its life cycle. But, sometimes soil is inefficient to provide these nutrients. so, in order to provide sufficient nutrients to plant key manufacturers developed some techniques.

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Foliar spray is one of the same technique used in the agriculture sector. It is the process of applying nutrients, bio-stimulants, on the leaves to increase nutrition uptake when soil is inefficient to provide those nutrients. Also, by use of the foliar spray, it is possible to achieve maximum crop yield. Ideally plants takes nutrition from soil through root to sustain its life and to develop leaves. Foliar spray are almost ten to twenty times more efficient than other technique which helps to grow plant faster and to develop more fruits and vegetables. Foliar spray has wide applications in agricultural sector and used across the world.

Foliar Spray: Market Dynamics

Increasing agriculture output, extensive methods to increase crop yield, increase in demand from end-use industries, increasing efficiency of foliar spray, increasing awareness about the foliar spray among the people are some of the key driving factors which can propel the market growth in the in the coming assessment period. In addition to this, increasing temperature, precipitation, fluctuating weather, damages due to excessive use of pesticides and herbicides are some of the other factors which can add value in the market outlook of foliar spray.

However, owing to increasing use of organic food items because, fertilizers are sprayed by using foliar spray and now a day’s people are opting for chemical-free food products, especially in Western Europe, and North America regions, stringent regulation implemented by the government on the use of conventional chemical fertilizer are some of the factors which can restrict the market growth.

However, use of chemical fertilizer and limited availability of land have raised many environmental concern which are expected to provide lucrative opportunities for the growth among the manufacturers of foliar spray. Also, use of advanced farming technology is expected to create opportunity among the key market players in the coming forecast period.

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Foliar Spray Market: Segmentation

Foliar Spray market is gaining traction in the market, the market is segmented based on product type, application and region

By product type, Foliar Spray market can be segmented as:

Nitrogenous
Potassic
Phosphatic
Micronutrients

By application, Foliar Spray market can be segmented as:

Sphere
Horticultural Crops
Orchard Crops
Vegetable and Flower Crops
Field Crops
Others

Foliar Spray Market: Regional Outlook

Globally, Europe is estimated to hold prominent position in the market and is expected to dominate the same in the coming assessment period owing to presence of established agriculture industry, emphasize on the advanced technology for the agriculture in the region. North America is projected to be the second-largest consumer for the foliar spray market owing to developed agriculture industry.

East & South Asia region is estimated to be a rapidly growing foliar sprays market in the coming future owing to rapidly increasing population in the region and increasing concern regarding the food safety in the coming forecast period. Increase in demand for foods products. Middle East & Africa and Latin America region is expected to witness for the moderate growth for the foliar spray in the coming assessment period.

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Foliar Spray Market: Key Participants

Some of the market participants in the Foliar Spray market identified across the value chain:

Nutrien
EuroChem Group AG
Yara International ASA
The Mosaic Company
Israel Chemicals Ltd
Coromandel International Limited
Gujarat State Fertilizers & Chemicals Ltds
K+S Aktiengesellschaft
Hebei Monband Water Soluble Fertilizer Co. Ltd
Tribodyn AG
Haifa Chemicals Ltd

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