Global foliar spray market comprises products that are sprayed or applied directly to plant leaves for maximizing the absorption and utilization of nutrients. These sprays contain essential minerals, vitamins and nutrients that fulfill the nutritional requirements of crops and help improve their growth, yield, and quality. Farmers extensively use foliar sprays for major crops including cereals, grains, fruits and vegetables as they provide a quick and effective way to supplement nutrients.

The Global foliar spray market is estimated to be valued at US$ 7.30 BN in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the global foliar spray market include ANDAMAN AG, Nutrient Technologies, Yara, Aries Agro Limited, and EuroChem. These companies offer a wide range of foliar fertilizers and spray formulations tailored for different crop varieties and soil conditions. The rising global demand for food owing to the continuously growing population has increased pressure on farmers to boost crop yields. This has augmented the usage of foliar sprays across major farming regions to supplement vital nutrients and maximize production. Furthermore, expansion of agriculture in developing economies and growth in protected cultivation practices have also created new opportunities for market players globally.

Market Drivers

One of the key drivers for the Foliar Spray Market Size is the rising need for higher crop yields. In order to meet the escalating global food demand, farmers require optimal crop nutrition and high productivity from their farms. Foliar sprays effectively enhance crop growth and boost yields by supplementing critical nutrients absorbed rapidly through leaves. This leads to increased farming profits motivating higher adoption of these spray products. Furthermore, limited availability of cultivable land and increasing pest & disease instances have augmented the significance of foliar feeds for maximizing output from existing farmland, thereby propelling market growth.

The current geopolitical situation is impacting the growth of the global foliar spray market. The Russia-Ukraine war has significantly disrupted crop production and supply chains in Eastern Europe and Central Asia. Both Russia and Ukraine are major exporters of fertilizers, pesticides, and cereals. The conflict has reduced the availability and driven up prices of these agricultural inputs globally. Many farmers, especially in developing countries, have had to either scale back or abandon their crop plans due to prohibitive input costs. This has reduced the demand for foliar sprays which are extensively used for maximizing crop yield.