Foliar Fertilizers Market Overview:
The Foliar Fertilizers Market size is estimated to reach $ 10.6274 billions by 2030, growing at a CAGR of 5.70% during the forecast period 2023-2030. The foliar fertilizers market has been witnessing significant growth and attention in recent years. These liquid fertilizers are applied directly to the leaves of plants, allowing for the quick and efficient absorption of essential nutrients. This method of application has proven to be highly effective in addressing nutrient deficiencies and promoting plant health, especially during critical growth stages.
One of the key drivers of the foliar fertilizers market is the increasing
demand for high-quality crops. With a growing global population, there is a
pressing need to enhance agricultural productivity and improve crop yields.
Foliar fertilizers offer a valuable solution to this challenge by providing
plants with vital nutrients in a targeted and readily available form.
Moreover, the rising awareness of sustainable
agriculture practices has further fueled the adoption of foliar fertilizers. As
environmental concerns mount, farmers and growers are seeking eco-friendly
alternatives to conventional fertilizers. Foliar fertilizers are known for
reducing nutrient leaching and pollution while optimizing nutrient uptake by
plants, making them a popular choice among environmentally conscious
agricultural practitioners.
Market Snapshot:
Foliar Fertilizers Market - Report Coverage:
The “Foliar Fertilizers Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Foliar Fertilizers Market.
Foliar Fertilizers Market - Top Trends
Increasing adoption of precision agriculture techniques, such as drones and sensors, have been gaining popularity. These technologies
allow farmers to apply foliar fertilizers more efficiently and precisely,
leading to better crop yields and reduced waste.
Growing demand for organic and sustainable agriculture: With the rising awareness of
environmental issues and health concerns, there has been a shift towards
organic and sustainable agricultural practices. Foliar fertilizers made from
organic sources or those with reduced environmental impact have witnessed
increased demand.
Rise in micronutrient foliar fertilizers: Micronutrient deficiencies are
a common issue in many regions, affecting crop productivity.
Micronutrient-based foliar fertilizers have gained traction as they help
address specific nutrient deficiencies more effectively.
Development of specialty and customized foliar fertilizers: As farmers seek to optimize
crop yields and tailor nutrient applications to their specific needs, there has
been a trend towards specialty and customized foliar fertilizers. These
formulations cater to specific crop types, growth stages, and soil conditions.
Advancements in foliar fertilizer formulations: Research and development in
foliar fertilizer technology have led to the introduction of new and improved
formulations, such as nanotechnology-based fertilizers and chelated nutrients,
which offer better nutrient absorption and utilization by plants.
Key Market Players:
Product/Service
launches, approvals, patents and events, acquisitions, partnerships and
collaborations are key strategies players in the Foliar Fertilizers Market adopt.
The top 10 companies in Foliar Fertilizers Market are listed below:
- Yara International ASA
- Haifa Group
- Nutrien Ltd.
- EuroChem Group AG
- ICL Group
- Compass Minerals International, Inc.
- K+S AG
- The Mosaic Company
- Israel Chemicals Ltd.
- Coromandel International Ltd.
Scope of the Report:
The Foliar Fertilizers Market is forecast to grow at 5.70% during the forecast period 2023-2030.
The Global Foliar Fertilizers Market size is estimated to be $6.820 Billion in 2023 and is projected to reach $10.6274 billions by 2030.
The leading players in the Foliar Fertilizers Market Yara International ASA , Haifa Group, Nutrien Ltd. , EuroChem Group AG , ICL Group and others.