Global Foliar Spray Market to Grow at Highest Pace owing to Rising Agricultural Production
With the increasing need to improve crop yield and quality, the Global Foliar Spray Market is poised to witness significant growth over the forecast period. Foliar spray refers to the direct application of liquid fertilizers, nutrients or agricultural chemicals to the leaves of the plants. It helps to strengthen plant immunity and enhances photosynthesis for maximizing crop yields. The key advantages of foliar spray include its ability to deliver nutrients and agrochemicals to plant leaves faster than soil application. This enables quick absorption of required elements by the plant.
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 4.1% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the Global Foliar Spray Market are ANDAMAN AG, Nutrient Technologies, Yara, Aries Agro Limited, and EuroChem. The rising agricultural production globally is fueling the demand for foliar sprays. Furthermore, technological advancements such as the development of micronutrient and macronutrient mixes are supporting the growth of this market.
Technological advancements are also supporting Global Foliar Spray Market Demand. Manufacturers are focusing on developing innovative foliar spray mixes containing balanced ratios of micronutrients and macronutrients. Such mixes can deliver multiple nutrients to plants through a single application. This eases operational challenges for farmers and boosts crop productivity.
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