Foliar Fertilizer Market Size, Share, Growth, Industry Trends and Outlook 2023-2030

Global Foliar Fertilizer Market reached USD 6.9 billion in 2022 and is expected to reach USD 10.6 billion by 2030, growing with a CAGR of 5.6% during the forecast period 2023-2030.
Modern agricultural methods are increasingly using precision agriculture tools, such as remote sensing, drones, and GPS technology.
Foliar fertilizers are a good match for precision agriculture because they enable the targeted and site-specific administration of nutrients, which maximizes crop nutrition and boosts productivity. Thus, one of the major trends driving the development of the foliar fertilizer market is the use of precision agriculture.

Download Sample: https://www.datamintelligence.com/download-sample/foliar-fertilizer-market

Market Drivers: Increasing Demand for High-Quality Crops

Foliar fertilizers supply nutrients to crop leaves efficiently and precisely. The plants absorb nutrients rapidly and easily with direct application. Better nutrition improves crop health and output. ICL introduced Nova water-soluble fertilizers' improved foliar and fertigation solutions in June 2023. These include Nova FINISH, PULSE, ELEVATE, and FLOW. Farmers can better distribute important nutrients using these products.

Foliar fertilizers improve crop growth by giving nutrients when and where required. This boosts crop yields and product quality, including color, size, taste, and nutrition. High-quality crops are more popular and attract higher prices.

Market Segmentation: Rising Demand for Foliar Fertilizer in the Production of Field Crops due to Their High Nutrient Demand

Field crops including wheat, rice, maize, soybeans, and cotton dominate agricultural acreage. Foliar fertilizers may boost field crop yields when utilized properly. Intercropping enhanced maize crop leaf N and N per unit area by 7 and 13% without fertilization, 6 and 19% with nitrogen fertilization, and 8 and 20% with nitrogen fertilization and foliar iron application.

Market Companies:

The major global players include Haifa Negev Technologies LTD, ICL., IFFCO, SQM S.A., Yara, Baicor, LLC, Sustainable Agro Solutions, S.A.U, Miller Chemical & Fertilizer, LLC., J.R. Simplot Company, Plantin

By Type

• Bio-Type Foliar Fertilizer
• Nutrient-Type Foliar Fertilizer
• Compound Foliar Fertilizer

By Composition

• Nitrogen
• Phosphorus
• Potassium
• Others

By Form

• Solid
• Liquid

By Nature

• Mineral
• Organic

By Crop Type

• Field Crops
• Horticultural Crops
• Turf & Ornamental
• Others

By Distribution Channel

• E-Commerce
• Specialty Stores
• Hypermarket/Supermarket
• Others

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

Geographical Share: Asia-Pacific's Growing Consumption of for Fertilizers

Asia-Pacific's rising population increases need for fertilizer in agricultural areas to promote output, especially foliar fertilizer. India is the second-largest consumer fertilizer market after China, according to the Trade Promotion Council of India. The Food and Fertilizer Technology Centre for the Asian and Pacific Region found that foliar micronutrient application of minimum recommended dosages of 0.5% iron, manganese, and copper sulfates reduces crop deficiency symptoms.

Industry Developments:

In May 2023, Yara International, a provider of specialty crop nutrition products, announced to build a global plant for the production of speciality fertilizers and bio stimulants.

Related Reports:

Foliar Spray Market- https://www.datamintelligence.com/research-report/foliar-spray-market

Liquid Fertilizers Market- https://www.datamintelligence.com/research-report/liquid-fertilizers-market

Urea Fertilizers Market- https://www.datamintelligence.com/research-report/urea-fertilizers-market

Fertilizer Market- https://www.datamintelligence.com/research-report/fertilizers-market

Contact Us -
Company Name: DataM Intelligence
Email: info@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -
DataM Intelligence 4Market Research is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.