Foliar Spray Market to grow by USD 2,387.73 million from 2022 to 2027 | Agronutrition, Aries Agro Ltd., Cippy Bio International, and more to emerge as key players- Technavio

NEW YORK, July 19, 2023 /PRNewswire/ -- The foliar spray market size is estimated to grow by USD 2,387.73 million from 2022 to 2027 at a CAGR of 6.38%, according to Technavio. The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including Agronutrition, Aries Agro Ltd., Cippy Bio International, Compass Minerals International Inc., EuroChem Group AG, Gardening Know How, Grupa Azoty, Haifa Negev Technologies Ltd., Israel Chemicals Ltd., KS Aktiengesellschaft, Murugappa Group, Nutrien Ltd., Prabhat Fertilizer and Chemical Works, Sichuan Shucan Chemical Co. Ltd., Sociedad Quimica y Minera de Chile SA, Tessenderlo Group NV, Tribodyn GmbH, UAB Bioenergy LT, Wuhan Lvyin Chemical Co. Ltd., and Yara International ASA. 

Foliar Spray Market Insights -

• Vendors: 15+, Including Agronutrition, Aries Agro Ltd., Cippy Bio International, Compass Minerals International Inc., EuroChem Group AG, Gardening Know How, Grupa Azoty, Haifa Negev Technologies Ltd., Israel Chemicals Ltd., KS Aktiengesellschaft, Murugappa Group, Nutrien Ltd., Prabhat Fertilizer and Chemical Works, Sichuan Shucan Chemical Co. Ltd., Sociedad Quimica y Minera de Chile SA, Tessenderlo Group NV, Tribodyn GmbH, UAB Bioenergy LT, Wuhan Lvyin Chemical Co. Ltd., and Yara International ASA, among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: Application (Horticultural crops, Field crops, and Others), Type (Nitrogenous, Potassic, Phosphatic, and Others), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)

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Foliar spray market - Customer Landscape
To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity
• For highlights on customer landscape analysis, download a sample!

Key Foliar Spray Market Driver- The increasing efficiency of foliar spray products is a major factor driving market growth. Foliar sprays offer a precise and efficient method of applying micronutrients to plants, minimizing wastage. This technique involves directly applying liquid fertilizer to the leaves of plants, ensuring uniform nutrient distribution and promoting higher crop quality. The primary goal of foliar sprays is to provide plants with the necessary nutrients through the leaves while avoiding soil toxification caused by excessive fertilizer application. The simplicity of application, even nutrient distribution, and increased agricultural output are key advantages of foliar sprays, driving their demand in the lawns and gardens segment. As a result, the growing popularity of foliar sprays is expected to fuel market growth during the forecast period.

Significant Foliar Spray Market Trend- The growing market for fruits and vegetables is an emerging trend supporting the market growth. The global consumption of fruits and vegetables has witnessed a significant increase in recent years, primarily driven by the growing vegetarian and vegan population worldwide. Additionally, there is a growing awareness among consumers about the importance of adopting healthy lifestyle habits, including the consumption of more fruits and vegetables. The role of diet in promoting health and preventing diseases is well recognized, leading individuals to prioritize the inclusion of fruits and vegetables in their meals. Local grocery stores and supermarkets now offer a wider variety of fruits and vegetables, catering to the rising demand. The high nutritional value of fruits and vegetables further contributes to their increased popularity. As the global demand for fruits and vegetables continues to grow, there will be a corresponding increase in the demand for fertilizers, particularly liquid fertilizers. This trend is expected to drive the growth of the global market during the forecast period.

Major Foliar Spray Market Challenge- The stringent regulations on the handling, storage, and transportation of liquid fertilizers are major challenges hindering market growth. The handling of liquid fertilizers involves a risk of spillage, necessitating proper disposal of spilled fertilizers that do not meet regulations. Disposing of them correctly by dissolving them in appropriate media or rendering them inert is crucial to avoid potential health and environmental hazards. Among the various chemicals used in the explosive manufacturing industry, ammonium nitrate poses a significant challenge due to its high-volume usage and potential to facilitate combustion. Its nitrogen content further increases its hazardous nature, making careful handling essential. To prevent incidents such as fire accidents and explosions, strict regulations for the handling, storage, and transportation of solid ammonium nitrate have been established by regulatory authorities. Manufacturers and suppliers are required to adhere to these regulations. The presence of such stringent policies and regulations can pose challenges for the adoption of liquid fertilizers, potentially impacting the growth of the market during the forecast period.

Drivers, & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!

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What are the key data covered in this Foliar Spray Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the foliar spray market between 2023 and 2027
• Precise estimation of the foliar spray market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the foliar spray market across APAC, Europe, North America, South America, and the Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of foliar spray market vendors

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Table of contents

1 Executive Summary

• 1.1 Market Overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global foliar spray market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global foliar spray market 2017 - 2021 ($ million)

• 4.2 Application Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments 
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Horticultural crops - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Horticultural crops - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Horticultural crops - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Horticultural crops - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Horticultural crops - Year-over-year growth 2022-2027 (%)

• 6.4 Field crops - Market size and forecast 2022-2027
• Exhibit 38: Chart on Field crops - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Field crops - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Field crops - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Field crops - Year-over-year growth 2022-2027 (%)

• 6.5 Others - Market size and forecast 2022-2027
• Exhibit 42: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Application 
• Exhibit 46: Market opportunity by Application ($ million)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 47: Chart on Type - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• Exhibit 49: Chart on Comparison by Type
• Exhibit 50: Data Table on Comparison by Type

• 7.3 Nitrogenous - Market size and forecast 2022-2027
• Exhibit 51: Chart on Nitrogenous - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Nitrogenous - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Nitrogenous - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Nitrogenous - Year-over-year growth 2022-2027 (%)

• 7.4 Potassic - Market size and forecast 2022-2027
• Exhibit 55: Chart on Potassic - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Potassic - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Potassic - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Potassic - Year-over-year growth 2022-2027 (%)

• 7.5 Phosphatic - Market size and forecast 2022-2027
• Exhibit 59: Chart on Phosphatic - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Phosphatic - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Phosphatic - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Phosphatic - Year-over-year growth 2022-2027 (%)

• 7.6 Others - Market size and forecast 2022-2027
• Exhibit 63: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Type 
• Exhibit 67: Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 69: Chart on Market share by geography 2022-2027 (%)
• Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 71: Chart on Geographic comparison
• Exhibit 72: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027
• Exhibit 81: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Spain - Market size and forecast 2022-2027
• Exhibit 101: Chart on Spain - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Spain - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Spain - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Spain - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027
• Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 Germany - Market size and forecast 2022-2027
• Exhibit 109: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 113: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 114: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 116: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 117: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 118: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 119: Matrix on vendor position and classification

• 12.3 Agronutrition 
• Exhibit 120: Agronutrition - Overview
• Exhibit 121: Agronutrition - Product / Service
• Exhibit 122: Agronutrition - Key offerings

• 12.4 Aries Agro Ltd. 
• Exhibit 123: Aries Agro Ltd. - Overview
• Exhibit 124: Aries Agro Ltd. - Product / Service
• Exhibit 125: Aries Agro Ltd. - Key offerings

• 12.5 Compass Minerals International Inc.
• Exhibit 126: Compass Minerals International Inc. - Overview
• Exhibit 127: Compass Minerals International Inc. - Business segments
• Exhibit 128: Compass Minerals International Inc. - Key offerings
• Exhibit 129: Compass Minerals International Inc. - Segment focus

• 12.6 EuroChem Group AG 
• Exhibit 130: EuroChem Group AG - Overview
• Exhibit 131: EuroChem Group AG - Product / Service
• Exhibit 132: EuroChem Group AG - Key news
• Exhibit 133: EuroChem Group AG - Key offerings

• 12.7 Gardening Know How 
• Exhibit 134: Gardening Know How - Overview
• Exhibit 135: Gardening Know How - Product / Service
• Exhibit 136: Gardening Know How - Key offerings

• 12.8 Haifa Negev technologies Ltd. 
• Exhibit 137: Haifa Negev technologies Ltd. - Overview
• Exhibit 138: Haifa Negev technologies Ltd. - Product / Service
• Exhibit 139: Haifa Negev technologies Ltd. - Key offerings

• 12.9 Israel Chemicals Ltd. 
• Exhibit 140: Israel Chemicals Ltd. - Overview
• Exhibit 141: Israel Chemicals Ltd. - Business segments
• Exhibit 142: Israel Chemicals Ltd. - Key news
• Exhibit 143: Israel Chemicals Ltd. - Key offerings
• Exhibit 144: Israel Chemicals Ltd. - Segment focus

• 12.10 KS Aktiengesellschaft 
• Exhibit 145: KS Aktiengesellschaft - Overview
• Exhibit 146: KS Aktiengesellschaft - Business segments
• Exhibit 147: KS Aktiengesellschaft - Key offerings
• Exhibit 148: KS Aktiengesellschaft - Segment focus

• 12.11 Murugappa Group 
• Exhibit 149: Murugappa Group - Overview
• Exhibit 150: Murugappa Group - Business segments
• Exhibit 151: Murugappa Group - Key offerings
• Exhibit 152: Murugappa Group - Segment focus

• 12.12 Nutrien Ltd. 
• Exhibit 153: Nutrien Ltd. - Overview
• Exhibit 154: Nutrien Ltd. - Business segments
• Exhibit 155: Nutrien Ltd. - Key offerings
• Exhibit 156: Nutrien Ltd. - Segment focus

• 12.13 Sichuan Shucan Chemical Co. Ltd. 
• Exhibit 157: Sichuan Shucan Chemical Co. Ltd. - Overview
• Exhibit 158: Sichuan Shucan Chemical Co. Ltd. - Product / Service
• Exhibit 159: Sichuan Shucan Chemical Co. Ltd. - Key offerings

• 12.14 Sociedad Quimica y Minera de Chile SA
• Exhibit 160: Sociedad Quimica y Minera de Chile SA - Overview
• Exhibit 161: Sociedad Quimica y Minera de Chile SA - Business segments
• Exhibit 162: Sociedad Quimica y Minera de Chile SA - Key offerings
• Exhibit 163: Sociedad Quimica y Minera de Chile SA - Segment focus

• 12.15 Tessenderlo Group NV 
• Exhibit 164: Tessenderlo Group NV - Overview
• Exhibit 165: Tessenderlo Group NV - Business segments
• Exhibit 166: Tessenderlo Group NV - Key offerings
• Exhibit 167: Tessenderlo Group NV - Segment focus

• 12.16 Tribodyn GmbH 
• Exhibit 168: Tribodyn GmbH - Overview
• Exhibit 169: Tribodyn GmbH - Product / Service
• Exhibit 170: Tribodyn GmbH - Key offerings

• 12.17 Yara International ASA 
• Exhibit 171: Yara International ASA - Overview
• Exhibit 172: Yara International ASA - Business segments
• Exhibit 173: Yara International ASA - Key news
• Exhibit 174: Yara International ASA - Key offerings
• Exhibit 175: Yara International ASA - Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 176: Inclusions checklist
• Exhibit 177: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 178: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 179: Research methodology
• Exhibit 180: Validation techniques employed for market sizing
• Exhibit 181: Information sources

• 13.5 List of abbreviations 
• Exhibit 182: List of abbreviations

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