Global Foliar Spray Market Set to Grow with CAGR of 5.2% By 2026 With Leading
Posted by ganesha on December 24th, 2019
Global Foliar Spray Market, By Type (Nitrogenous, Potassic, Phosphatic, Micronutrients), Application (Horticultural Crops (Orchard Crops, Vegetable, Flower Crops), Field Crops, Turfs and Ornamentals)
Market Definition: Global Foliar Spray Market
Foliar spray is a technique of applying nutrients on the leaves of a plant to increase nutrition uptake and its usage. It helps the plant to absorb nutrients from the leaves’ stomata and epidermis. Ideally plants take up nutrition’s from soil through roots to sustain its life and develop leaves. Foiliar spray are 8 to 20 times more effective which means it helps to grow plant faster and develop more fruits and vegetables. It has wide application in agricultural sector. According to U.S. Agricultural Trade, in 2017, agricultural export was estimated to USD 137.0 billion which is up by USD 1.0 billion from February of the same year. Grain and feed exports was estimated at USD 29.0 billion was up by USD 400 million driven by higher amount of wheat and rice. Thus, it shows the agriculture sector is increasing and required fertilizers for the protection of crop from pesticides. The above factor proves that the demand for agricultural product around the globe is growing and will drive the demand for foliar spray.
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Market Analysis: Global Foliar Spray Market
The global foliar spray market is expected to reach USD 8.41 billion by 2025, from USD 5.42 billion in 2017 growing at a CAGR of 5.2% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year is 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Segmentation: Global Foliar Spray Market
Competitive Landscape: Global Foliar Spray Market
The global foliar spray market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of foliar spray market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
In July 2018, Mangalore chemicals, a subsidiary of Zuari Agro and Chemicals Ltd. have received the environmental clearance to setup 1 million tons fertilizer plant in Mangalore for the production of fertilizer.
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About the Authorganesha
Joined: October 29th, 2019
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