USD 7.1 billion
Foliar Spray Market Size, Share, and Growth Analysis
Foliar Spray Market By Crop Type (Horticultural Crops, Field Crops), By Formulation Type (Conventional, Organic), By Spraying Type, By Application, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15C2097 |
Region:
Global |
Published Date: January, 2025
Pages:
189
|Tables:
94
|Figures:
71
Format -
Foliar Spray Market Insights
Global Foliar Spray Market size was valued at USD 7.1 billion in 2023 and is poised to grow from USD 7.47 billion in 2024 to USD 11.2 billion by 2032, growing at a CAGR of 5.2% during the forecast period (2025-2032).
Surging adoption of precision agriculture practices around the world and growing emphasis on improving crop yield on a global level are promoting the demand for foliar sprays. Rapidly expanding global population has also resulted in high demand for food products thereby favoring the adoption of foliar spray to enhance agricultural productivity. Increasing awareness regarding benefits associated with the usage of foliar sprays among farmers is also slated to favor the global foliar spray market growth in the long run. Better nutrient absorption capabilities of plants through foliar sprays are promoting their use in high-value crops like fruits, vegetables, and flowers. Surging demand for specialty crops and rising horticulture activity around the world are also estimated to bolster the sales of foliar sprays over the coming years. Moreover, advancements in spray technologies are also forecasted to offer new opportunities for foliar spray companies going forward. On the contrary, lack of awareness among farmers, high costs of application, limited efficacy for all nutrients, dependence on weather conditions, and environmental concerns are predicted to be key restraints for market players across the study period and beyond.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Liquid
Fastest Growth
Powder
Growth Rate
5.2% CAGR
Global Foliar Spray Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Foliar Spray Market Segments Analysis
Global Foliar Spray Market is segmented by Crop Type, Formulation Type, Spraying Type, Application and region. Based on Crop Type, the market is segmented into Horticultural Crops, Field Crops and Plantation Crops. Based on Formulation Type, the market is segmented into Conventional, Organic, Biostimulants and Micronutrients. Based on Spraying Type, the market is segmented into Ground Spraying, Aerial Spraying and Hydraulic Spraying. Based on Application, the market is segmented into Fruit Vegetables, Cereals Grains, Ornamental Plants, Cash Crops and Fodder. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Application
The horticulture openfield segment is slated to account for a prominent chunk of the global foliar spray market share in the future. Cost-effective and large scale production of multiple types of crops in openfield horticulture is helping this segment bring in the most revenue. Lower production costs for farmers as compared to greenhouses are also driving up the adoption of foliar sprays in this segment around the world. Better scope of climatic change adaptation and improvement of soil health are also key benefits that are slated to help promote the use of foliar sprays in this segment across the study period and beyond.
Increasing emphasis on improving agricultural yield around the world is projected to boost the demand for foliar sprays for field crops at a rapid pace in the future. Rapidly expanding global population and the need for better agricultural yields to feed people are promoting the uptake of foliar spray in field crops. Adoption of precision agriculture practices among field crop farmers are also estimated to create new opportunities for foliar spray suppliers via this segment. Emphasis on improving soil health management and correcting nutritional deficiencies of field crops are also driving the adoption of foliar sprays in field crops.
Analysis by Form
The liquid form segment is estimated to hold the largest global foliar spray market share. Easy application and easy scope of customization of nutrient mixes are helping this segment hold sway over others. High compatibility of liquid foliar sprays with other inputs and reduced environmental impact are other factors that are estimated to further cement the dominance of this segment in the long run. Efficient delivery of multiple products such as fungicides, pesticides, growth promoters, and nutrient solutions to crops via liquid foliar sprays is also expected to boost revenue generation for market players going forward.
Meanwhile, the demand for powder foliar sprays is slated to account for the second-largest share of the global foliar spray industry. Targeted delivery and rapid absorption of powder foliar sprays is expected to promote their adoption among farmers in the long run. However, weather conditions need to be just right for powder foliar sprays to work effectively, which is expected to hurt its adoption to a certain extent going forward. Ensuring proper mixing of nutrient powders and crop compatibility is also very important for the application of powder foliar sprays. Preference for liquid foliar sprays is estimated to remain higher and hurt the share of this segment by the end of the study period.
Global Foliar Spray Market By Form
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Foliar Spray Market Regional Insights
The Asia Pacific region is slated to secure the top spot in the global foliar spray industry going forward. The presence of robust agricultural activity in this region and growing awareness regarding precision agriculture are contributing to the dominance of this region. Rapidly expanding population in Asian countries, rising investments in horticulture, and rising demand for cost-effective crop yield improvement solutions are estimated to cement the high share of this region going forward. China and India are estimated to be the leading markets for foliar spray suppliers looking to make a mark in the Asia Pacific region through 2032 and beyond.
Europe is slated to account for the second-largest share of the global foliar spray market in the future. Increasing efforts of farmers in this region to opt for sustainable farming practices and the ability of foliar sprays to reduce harmful environmental impact of farming are helping generate new opportunities for market players. Growing demand for high-quality and nutritious agricultural produce from health-conscious consumers in the European region is also expected to boost the uptake of foliar sprays. Germany, Italy, France, and the United Kingdom are slated to emerge as the most opportune markets in this region over the coming years.
Global Foliar Spray Market By Geography
- Largest
- Fastest
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Foliar Spray Market Dynamics
Drivers
Adoption of Precision Agriculture
- Increasing number of farmers around the world are focusing on opting for precision agriculture practices to maximize their yields with minimal resource usage. Foliar sprays provide an efficient method of nutrient delivery directly to plant leaves, ensuring quick absorption and reducing wastage thereby favoring the global foliar spray market outlook as precision agriculture gains traction.
High Global Food Demand
- Rapidly increasing global population and their need for food products is also expected to create new opportunities for foliar spray providers. High emphasis on improving agricultural productivity is bringing farmers towards foliar spray adoption as it becomes essential for modern agriculture to deliver high crop yields to satisfy global hunger.
Restraints
Limited Efficacy for All Nutrients
- While foliar sprays have been proven highly effective in delivering micronutrients to plants, the same cannot be said for macronutrients. This absence of ability to properly deliver macronutrients such as nitrogen, phosphorus, and potassium is expected to impede foliar spray demand across the global foliar spray market forecast and beyond.
Lack of Awareness Among Farmers
- Foliar sprays are relatively new in the field of agriculture and often associated with precision agriculture. Awareness regarding precision agriculture practices is quite low in developing regions where farmer literacy rates are nominal. Hence, this lack of awareness regarding benefits associated with foliar spray adoption is slated to impede revenue generation potential going forward.
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Foliar Spray Market Competitive Landscape
Investing in the research and development of novel foliar spray formulations can help companies stand out from competition. Targeting the Asia Pacific and Europe regions is slated to bring in the most revenue for companies as per this global foliar spray market analysis. Incorporation of sustainability and integration with smart farming practices can also help foliar spray providers generate new business scope in the long run.
Top Player’s Company Profiles
- Yara International (Norway)
- Haifa Group (Israel)
- ICL Group (Israel)
- K+S Aktiengesellschaft (Germany)
- The Mosaic Company (USA)
- Nutrien Ltd. (Canada)
- EuroChem Group (Switzerland)
- SQM (Sociedad Química y Minera de Chile) (Chile)
- Coromandel International (India)
- Gujarat State Fertilizers & Chemicals Ltd. (India)
- Zuari Agro Chemicals Ltd. (India)
- Compo Expert GmbH (Germany)
- Valagro (Italy)
- Isagro S.p.A. (Italy)
- Sapec Agro Business (Portugal)
- Tradecorp International (Spain)
- Probelte S.A. (Spain)
- Atlantica Agricola (Spain)
- AgroLiquid (USA)
- Brandt Consolidated, Inc. (USA)
Recent Developments
- In May 2024, Rizobacter BioSoluções, a multinational name in the space of bio innovation launched a new BioActivator for foliar application. RizoPower is made using soy, corn, cotton, sugarcane, rice and wheat and also features the company’s star ingredient UBP molecule to stimulate maximum growth of plants.
- In January 2023, K+S Aktiengesellschaft, a renowned German chemical organization announced the completion of 75 percent acquisition of the fertilizer business from Industrial Commodities Holdings (Pty) Ltd (ICH). Through this move, K+S strengthen its position as a leading foliar spray and fertilizer provider in the African region.
- In November 2022, FMC, a leading agricultural sciences company announced the limited commercial launch of its Adastrio fungicide in foliar spray form. The new offering was launched for the 2023 crop season and combined three modes of action to protect crops all the way up to harvesting.
Foliar Spray Key Market Trends
- Use of Organic and Bio-based Formulations: Foliar spray companies can focus on offering natural and bio-based formulations to comply with the sustainability trend. Growing adoption of eco-friendly farming practices and rising consumer demand for ethically produced food are expected to create new opportunities for companies targeting this foliar spray market trend in the future.
- Development of Multifunctional Sprays: Foliar spray manufacturers can focus on the creation of multifunctional sprays that act as an all-in-one solution for farmers. Foliar spray formulations that combine nutrients, growth promoters, and pest repellents are estimated to gain popularity in the long run and help foliar spray companies stand out from their competition as well.
Foliar Spray Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, rising global food demand and increasing adoption of precision agriculture practices are key factors promoting the demand for foliar sprays around the world. On the contrary, lack of awareness among farmers and limited efficacy for all nutrients are forecasted to slow down market growth potential in the future. Presence of robust agricultural activity in countries such as India and China are expected to help Asia Pacific region emerge as the dominant market for foliar spray suppliers in the world. Use of organic formulations and development of multifunctional sprays can also help foliar spray companies maximize their business scope and boost sales potential through 2032.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 7.1 billion |
| Market size value in 2032 | USD 11.2 billion |
| Growth Rate | 5.2% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Foliar Spray Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Foliar Spray Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Foliar Spray Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Foliar Spray Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Foliar Spray Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Foliar Spray Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Foliar Spray Market Report Snapshots
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