Global Foliar Fertilizer Market Overview:
Foliar fertilizer is the chemical solution that is directly applied to the leaf of crops to supply various nutrients such as nitrogen, phosphorus, potassium, and micro-nutrients to the crop. It is basically designed to be applied directly on leaves and is beneficial if it’s applied in the morning when the air is cool. There is a number of advantages of using a foliar fertilizer popular for some gardening applications.
As per latest study released by AMA Research, the Global Foliar Fertilizer market is expected to see growth rate of 6.0%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Market Growth Drivers:
Increasing Importance of Crop Nutrition and Rising Government Initiative Continuous To Influence the Demand for Foliar Fertilizer
Restraints:
High Cost of Fertilizers and Lack of Awareness Regarding Benefits of Foliar Fertilizer
Opportunities:
Growth in the Production of Arable Crops and Government Initiatives to Promote Farming
Competitive Landscape:
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Some of the key players profiled in the report are Agrium Inc. (Canada), Apache Corporation (United States), Aries Agro Limited (India), Coromandel International Limited (India), Haifa Chemicals Limited (Isreal), Israel Chemicals Limited (Isreal), K+S (Germany), Kuibyshevazot (Russia), Potash Corporation (Canada), Sichuan Meifeng Chemical Industry (China), Sinochem Group (China), Uralkali Jsc (Russia), Yara International Asa (Norway) and Zuari Global (India). Additionally, following companies can also be profiled that are part of our coverage like Eurochem (Switzerland) and Gujarat State Fertilizers And Chemicals Limited (India). Analyst at AMA Research see United States Vendors to retain maximum share of Global Foliar Fertilizer market by 2030. Considering Market by Nature, the sub-segment i.e. Natural/ Organic will boost the Foliar Fertilizer market. Considering Market by Forms, the sub-segment i.e. Powder will boost the Foliar Fertilizer market. Considering Market by Composition, the sub-segment i.e. Nitrogen will boost the Foliar Fertilizer market. Considering Market by Crop Type, the sub-segment i.e. Fruits & Vegetables will boost the Foliar Fertilizer market.
Latest Market Insights:
In October 2022, IFF (now IFFM) and Sumitomo Chemical announced a strategic partnership to combine their agricultural businesses, creating a leading player in foliar fertilizers and other crop solutions.
In November 2023, Novozymes introduces "HOLDBRIDGE N," a nitrogen-fixing foliar fertilizer for corn and soybeans, aiming to reduce reliance on synthetic fertilizers.
What Can be Explored with the Foliar Fertilizer Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Foliar Fertilizer Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Foliar Fertilizer
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Foliar Fertilizer market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Foliar Fertilizer market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Raw Material Suppliers, Distributors/Traders/Wholesalers/Suppliers, Regulatory Bodies, Including Government Agencies And NGOs, Commercial Research & Development (R&D) Institutions, Importers and Exporters, Government Organizations, Research Organizations, And Consulting Firms, Trade Associations And Industry Bodies and End-Use Industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.