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Foliar Fertilizer Market Size, Share, Growth, Industry Trends and Outlook 2023-2030
Foliar Fertilizer Market-DataM Intelligence 4Market Research
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.
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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
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