The "Foliar Spray Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The foliar spray market is expected to grow at a CAGR of over 5% during the forecast period.
Major factor driving the market studied is growing demand of foliar sprays from horticulture crops. On the flip side, growing demand of organic fertilizers in agriculture coupled with unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.
Aries Agro Limited
Coromandel International Limited
Gujarat State Fertilizers & Chemicals Limited
Haifa Chemical Limited
Qatar Fertilizer Company
Sichuan Shucan Chemical Co.Ltd
The Mosaic Company
Key Market Trends
Growing Demand of Foliar Sprays from Horticulture Crops
Foliar spray is a technique used to feed plants by applying liquid fertilizer directly to the leaves and thus plants are able to absorb essential elements through their leaves.
Foliar applications are used to supply micronutrients more rapidly for correction of severe deficiencies commonly induced during the early stages of growth, and are temporary solutions to the problem.
Foliar feeding has been widely used and accepted as an essential part of crop production, especially on horticultural crops. For example, Fruit trees can be treated by foliar application for an infestation of spider mites during the summer.
Horticulture sector has become one of the major drivers due to availability of less water, increasing small farms and it is more remunerative than the agricultural sector.
Hence, owing to the above-mentioned factors, the application of foliar spray from horticulture crops is likely to dominate during the forecast period.
Asia-Pacific Region to Dominate the Market
Asia-Pacific region is expected to dominate the market for foliar spray during the forecast period. The region is witnessing rise in demand of foliar spray from horticulture crops and growing application in agriculture sector owing to the high consumption in countries like China, Japan and India.
The largest producers of foliar spray are located in Asia-Pacific region. Some of the leading companies in the production of penoxsulam are ANDAMAN AG, Eurochem, Aries Agro Limited, Nutrient Technologies, and Yara among others.
As per the final estimates by government of India of 2017-18, horticulture production stood at record 311.7 MT, which is 3.7% higher than the previous year and 10% higher than the past five years' average production.
China accounts for 7% of total agricultural acreage globally, while feeding 22% of the world population.
Owing to the above-mentioned factors, the market for foliar spray in the Asia-Pacific region is projected to grow significantly during the study period.
Key Topics Covered:
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1.1 Growing Demand of Foliar Sprays from Horticulture Crops
4.1.2 Other Drivers
4.2.1 Growing Demand of Organic Fertilizers in Agriculture
4.2.2 Fluctuating Raw Material Price
4.2.3 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.2 Product type
5.3.1 Horticulture Crops
5.3.2 Agriculture Crops
5.3.3 Orchard Crop
22.214.171.124 South Korea
126.96.36.199 Rest of Asia-Pacific
5.4.2 North America
188.8.131.52 United States
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
5.4.4 South America
18.104.22.168 Rest of South America
5.4.5 Middle-East and Africa
22.214.171.124 Saudi Arabia
126.96.36.199 South Africa
188.8.131.52 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share/Ranking Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Growing Demand of Bio Based Foliar Spray
7.2 Other Opportunities
For more information about this report visit https://www.researchandmarkets.com/r/2qjfxj
View source version on businesswire.com: https://www.businesswire.com/news/home/20201126005729/en/
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