Global foliar spray market set to grow to USD 12.1 billion by 2033

From GlobeNewswire: 2024-06-06 21:00:00

The Global Foliar Spray Market is set to grow from USD 7.2 billion in 2023 to USD 12.1 billion by 2033, with a CAGR of 5.33%. Foliar sprays deliver essential nutrients directly to plant leaves, improving nutrient intake for rapid growth, disease resistance, and crop quality. The nitrogenous segment is expected to lead the market, with liquid foliar sprays showing rapid growth.

Asia Pacific is projected to dominate the global foliar spray market, driven by its vast agricultural landscape and rising demand for high-value crops. Europe is forecasted to grow at a rapid pace due to an increased desire for premium, chemical-free food products. Foliar sprays are a vital tool in optimizing crop yield and quality, especially for high-value horticultural crops.

Key vendors in the foliar spray market include Coromandel International Limited, Yara International ASA, and Nutrien Ltd. Companies are focusing on product development, partnerships, and mergers to strengthen their position in the market. Recent developments include K+S Group’s acquisition of Industrial Commodities Holdings to enhance their foliar spray offerings.

The market is segmented by type (nitrogenous, phosphatic, potassium, micronutrients), form (liquid, powder), and application (horticultural crops, field crops, turf & ornamentals). Regional analysis covers North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Growing global population and demand for nutritious, chemical-free crops are driving the foliar spray market growth.



Read more at GlobeNewswire: Global Foliar Spray Market Size To Worth USD 12.1 Billion