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2025-2034 Foliar Spray Market Evolution: Disruptions, Innovations, and Untapped Opportunities
Foliar Spray
What Is the Expected CAGR for the Foliar Spray Market Through 2025?
The market size of foliar sprays has been showing robust growth recently. 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 historical period can be traced back to factors like higher crop yield, the increasing adoption of precision farming, growing demand for top-tier crops, improved cognizance about plant health, and the growth of farming land.
What's the Projected Size of the Global Foliar Spray Market by 2029?
In the ensuing years, the foliar spray market is projected to experience substantial expansion. The market is anticipated to burgeon to $9.74 billion by 2029, elevating at a compound annual growth rate (CAGR) of 6.5%. The projected growth during the forecast period is primarily due to factors like the mounting global food demands, the surge in organic farming methods, increased funding in agricultural studies, extension of cultivable land, and conducive climatic conditions for crop production. The main trends anticipated during the forecast period comprise the employment of organic and naturally sourced foliar sprays, the onset of smart farming and precision agriculture, the implementation of drone technology for spray usage, customized foliar combinations, and the creation of environmentally friendly and biodegradable products.
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Top Growth Drivers in the Foliar Spray Industry: What's Accelerating the Market?
The foliar spray market is predicted to surge due to an increasing transition to organic farming. This type of agriculture focuses on avoiding the use of synthetic pesticides, herbicides, fertilizers, and genetically modified organisms (GMOs). The growing transition is fueled by the escalating consumer demand for healthier, non-chemical produce, increasing recognition of environmental sustainability, and governmental policies and incentives that favor organic farming methods. Organic foliar sprays, which meet organic standards, are being increasingly implemented to boost crop health and yield sans synthetic chemicals, thus serving the organic farming sector. For example, Eurostat, a government agency based in Luxembourg, reported in June 2024 that roughly 16.9 million hectares of European Union's agricultural land were committed to organic farming in 2022, a rise from 15.9 million hectares in 2021. Additionally, in 2022, organic farming represented 10.5% of the EU's total agricultural land. As a result, this growing shift to organic farming is expected to bolster the foliar spray market.
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What Trends Will Shape the Foliar Spray Market Through 2029 and Beyond?
Firms at the top of the foliar spray industry are concentrating on crop-specific technologies, like foliar adjuvant, to provide robust insect protection and to strengthen pest resistance management. These additives enhance the efficacy of foliar sprays by increasing their spread, adherence, and absorption on plant foliage. For example, in August 2024, the agricultural chemical firm based in Brazil, BRQ Brasilquímica, introduced Asperse, a high-quality foliar adjuvant, to its QualyAplic range. This cutting-edge agricultural solution elevates the spread, wetting and drift control in farming sprays, specifically augmenting the potency of fungicides. Asperse enables the even distribution of pesticides on crops like soybeans, corn, and cotton, improving application effectiveness and enhancing agricultural production.
What Are the Main Segments in the 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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Which Top Companies are Driving Growth 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
Which Regions Will Dominate the Foliar Spray Market Through 2029?
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.
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