DUBLIN--(BUSINESS WIRE)--The "Foliar Spray Market by Type (Nitrogenous, Phosphatic, Potassic, Micronutrients), Application (Horticultural Crops, Field Crops, Turfs & Ornamentals), and Region (Europe, North America, APAC, South America, RoW) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The foliar spray market is projected to grow from USD 5.79 billion in 2018 to USD 7.61 billion by 2023, at a CAGR of 5.6% between 2018 and 2023
Increased consumption of foliar spray in horticultural crops such as fruits and vegetables, high efficiency of foliar spray products, and increased awareness of foliar spray products in emerging markets are key factors driving the growth of the foliar spray market. However, the expansion of the organic fertilizer industry is acting as a restraint to the growth of the foliar spray market.
Based on type, the nitrogenous segment of the foliar spray market is expected to grow at the highest CAGR during the forecast period. Nitrogen is an important nutrient required for plant growth, as it helps in protein synthesis. Nitrogen-based fertilizers are used in large quantities and are applied to all major crops. Foliar spray technique helps in the uniform distribution of nitrogenous fertilizers to improve the yield of crops.
Based on application, the foliar spray market has been segmented into horticultural crops, field crops, turfs & ornamentals, and others. The horticultural crops application segment is projected to lead the foliar spray market from 2018 to 2023, owing to the increasing use of foliar spray products in horticultural crops. Horticultural crops such as fruit crops, vegetable crops, and tuber crops have become an indispensable part of the daily dietary intake of individuals.
Increasing awareness regarding the nutritive value of horticultural crops has led to a considerable increase in their consumption levels. Subsequently, this has led to an increase in the production of horticultural crops, which, in turn, has contributed to the increased use of foliar spray fertilizers.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Foliar Spray Market, By Type
7 Foliar Spray Market, By Application
8 Regional Analysis
9 Competitive Landscape
10 Company Profiles
- Coromandel International Limited
- Eurochem Group AG
- Gujarat State Fertilizers & Chemicals Ltd. (GSFC)
- Haifa Chemicals Ltd
- Hebei Monband Water Soluble Fertilizer Co., Ltd.
- Israel Chemical Ltd. (ICL)
- K+S Aktiengesellschaft
- The Mosaic Company
- Tribodyn AG
- Yara International Asa
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