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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Foliar Spray Market Share
The Asia Pacific Accounts for a Significant Share in the Market
The foliar spray industry in the Asia Pacific is driven by the thriving agriculture industry and an increase in farming activities owing to the rising population and subsequent increase in food demands. The favourable government initiatives to support the agricultural sector, especially in countries like India and China, have been aiding the market. Furthermore, a significant increase in rice farming in Japan has been witnessed due to the rising demand for rice-based cuisines in the region.
Foliar Spray Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global foliar spray market attained a value of nearly USD 7.57 billion.
The market is estimated to grow at a CAGR of 5.50% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 12.29 billion by 2032.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the industry, such as the rising application of foliar sprays in treating nutrient deficiencies in plants, growing agricultural sector, and rising food demands, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the rapid adoption of modern agricultural practices and the availability of a wide range of foliar nutrition products.
Phosphatic, nitrogenous, potassic, calcium, and micronutrients, among others are the different chemicals considered within the market report.
Powder and liquid are the different product types in the market.
Horticulture crops, agriculture crops, orchard crop, vegetables, and turfs, among others are the different applications of the product.
The major players in the industry are Andaman AG, Aries Agro Limited, Coromandel International Limited, Gujarat State Fertilizers & Chemicals Limited (GSFC), and Sichuan Shucan Chemical Co. Ltd, among others.
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