Foliar Fertilizers Market Size Worth $10.6 Billion By 2030: IndustryARC

Global Foliar Fertilizers Market size is predicted to reach $10.6 billion by 2030, growing at a CAGR of 5.7% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. The foliar fertilizers market has been witnessing significant growth and attention in recent years. These liquid fertilizers are applied directly to the leaves of plants, allowing for the quick and efficient absorption of essential nutrients. This method of application has proven to be highly effective in addressing nutrient deficiencies and promoting plant health, especially during critical growth stages, finds IndustryARC in its recent report, titled “Foliar Fertilizers Market – By Type (Nutrient-Type Foliar Fertilizer, Bio-Type Foliar Fertilizer and Compound Foliar Fertilizer), By Physical Form (Solid and Liquid), By Composition (Nitrogen, Phosphorus, Potassium and Others), By Crop Types (Grains & Cereals, Oilseeds & Pulses, Flowers, Fruits & Vegetables), By Geography – Global Opportunity Analysis & Industry Forecast, 2023-2030”

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APAC to Register Highest Growth:

The APAC Foliar Fertilizers Market is projected to experience significant growth CAGR of 6.5% during the forecast period. According to the Economic Survey 2022-23, presented in Parliament by the Union Minister of Finance and Corporate Affairs in January 2023, India’s foodgrains production reached a record 315.7 million tonnes in 2021-22, marking a significant increase of 4.98 million tonnes compared to the previous year and 25 million tonnes higher than the average of the previous five years. The Asia-Pacific (APAC) region is anticipated to witness substantial expansion in the foliar fertilizer industry. Growing agricultural operations, improvements in farming methods, and growing knowledge of the advantages of foliar fertilizers are the main drivers of this increase. The necessity for effective fertilizers to increase crop yields is further fueled by APAC’s high population and rising food demand.

Foliar Fertilizers Market 2023-2030: Scope of the Report

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Foliar Fertilizers Market Report – Key Takeaways:

Bio-Type Foliar Fertilizer Segment to Register the Highest Growth

Bio-Type Foliar Fertilizer Segment analyzed to grow with the highest CAGR of 6.8% during the forecast period 2024 to 2030. In the global foliar fertilizer market, the bio-type foliar fertilizer sector is anticipated to develop at the fastest rate. Growing public awareness of environmentally friendly and sustainable farming methods is the main driver of this expansion. Natural sources of bio-type foliar nutrients provide several advantages, including bettering plant development, strengthening soil health, and lessening reliance on chemical fertilizers. The importance of these issues is growing as customers and authorities demand more environmentally friendly agriculture methods. The bio-type segment is gaining from the growing demand for organic food products, which calls for the usage of organic fertilizers, according to market trends. Technological advancements in biotechnology that improve the effectiveness of bio-fertilizers contribute to the segment’s growth. The strong development possibilities of the bio-type foliar fertilizer market are in line with worldwide trends toward organic product consumption and sustainable agricultural practices.

Phosphorus Segment to Register the Highest Growth

Phosphorus Foliar Fertilizer Segment analyzed to grow with the highest CAGR of 6.3% during the forecast period 2024 to 2030. In the foliar fertilizers market, the phosphorus sector is projected to increase at the fastest rate in the next years. Phosphorus is necessary for plant growth since it is involved in photosynthesis, energy transfer, and nutrient flow inside the plant. Demand for foliar fertilizers containing phosphorus is being driven by the need to increase crop yields and the growing emphasis on sustainable agriculture. Phosphorus is essential for high-yield farming because it enhances root development and plant vigor overall. Research has indicated that applying phosphate topically to crops produced in erratic and arid environments can markedly improve their phosphorus status and grain yield.

Formulation Complexity is a Major Challenge

Each crop has unique nutritional requirements, which complicates the formulation of foliar fertilizers that can meet the diverse needs of different plants. Developing a one-size-fits-all solution is impractical, and creating specialized formulations for various crops requires extensive research and development. This challenge is compounded by the need to balance macro- and micronutrients appropriately to ensure optimal plant health and growth. Furthermore, when these nutrients are given to plant leaves, their interactions may impact their availability and absorption. For example, the formulation process might be complicated by the presence of specific micronutrients that either boost or impede the uptake of other micronutrients. Furthermore, the stability and effectiveness of foliar nutrients can be impacted by environmental factors including temperature, humidity, and light, therefore formulations that are resilient to changing conditions are required.

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Key Opportunity Analysis:

Increased Agricultural Productivity creates business opportunities

The global population continues to rise, driving the need for enhanced agricultural productivity to ensure food security. Foliar fertilizers are crucial in this regard, as they provide essential nutrients directly to plant leaves, resulting in quicker and more efficient nutrient absorption compared to soil fertilizers. This method helps in promptly addressing nutrient deficiencies, leading to improved plant growth and higher crop yields. As a result, foliar fertilizers are becoming integral to modern farming practices aimed at maximizing productivity and sustainability. The adoption of foliar fertilizers can help farmers achieve better crop performance, resilience, and profitability, making it a vital opportunity for growth in the agricultural sector.

Growing Demand for Sustainable Farming Practices

There is a rising global demand for sustainable and eco-friendly farming practices. Foliar fertilizers support these practices by reducing the risk of nutrient runoff and soil contamination. They provide a more controlled and efficient way to deliver nutrients, aligning with the principles of sustainable agriculture. As consumers and regulatory bodies increasingly prioritize environmental sustainability, the adoption of foliar fertilizers is expected to grow. This trend presents a significant market opportunity, as farmers seek methods that not only enhance crop yield but also minimize environmental impact, meeting both economic and ecological goals.

Adoption of Organic Farming

The shift towards organic farming is creating new opportunities for foliar fertilizers, particularly those certified for organic use. Organic farming emphasizes the use of natural inputs and sustainable practices, avoiding synthetic chemicals. Foliar fertilizers fit well within this framework by providing essential nutrients without harmful additives. They help organic farmers improve crop health and productivity while adhering to organic standards. As consumer demand for organic products continues to grow, the market for organic-compliant foliar fertilizers is expanding, offering a promising opportunity for manufacturers and suppliers in the agricultural sector.

Technological Advancements in Fertilizer Formulations

Technological advancements in the formulation of foliar fertilizers have led to the development of more effective and efficient products. Innovations such as nano-fertilizers and chelated nutrients enhance nutrient uptake and reduce wastage. These advancements enable precise nutrient delivery, improving plant health and yield while minimizing environmental impact. The continuous improvement in foliar fertilizer technologies presents a significant opportunity for market growth, as farmers increasingly adopt advanced products to achieve better results. This trend highlights the importance of ongoing research and development in creating high-performance fertilizers that meet the evolving needs of modern agriculture.

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The report also covers the following areas:

• Foliar Fertilizers Market Size and Forecast
• Foliar Fertilizers Market Trends
• Foliar Fertilizers Market Analysis by Product Type

Foliar Fertilizers Market 2023-2030: Key Highlights

• CAGR of the market during the forecast period 2023-2030
• Value Chain Analysis of key stakeholders
• Detailed analysis of market drivers and opportunities during the forecast period
• Foliar Fertilizers Market size estimation and forecast
• Analysis and predictions on end users’ behavior and upcoming trends
• Competitive landscape and Vendor market analysis including offerings, developments, and financials
• Comprehensive analysis of challenges and constraints in the Foliar Fertilizers Market

Covid and Ukrainian Crisis Impact:

The enforcement of lockdowns to prevent COVID-19 transmission temporarily hampered the foliar fertilizers market. Many agricultural supply chains were disrupted, and the limited movement of goods and people affected the availability and distribution of fertilizers. Additionally, farmers faced challenges in accessing fertilizers due to restrictions and health concerns. However, as lockdowns were lifted and the situation improved, the market began to recover. The increased focus on food security and sustainable agricultural practices is expected to have a long-term positive impact on the foliar fertilizers market, particularly in developed regions.

The ongoing Russia-Ukraine conflict has significant implications for the foliar fertilizers market. The research analyzes the impact on demand-supply balances, price fluctuations, and trade dynamics. The conflict has disrupted supply chains, leading to increased prices for raw materials and fertilizers. This has affected import/export activities and created uncertainty in the market. Short-term strategies for the foliar fertilizers market include diversifying supply sources and increasing local production to mitigate the impact of such geopolitical tensions.

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List of Key Market Players in the Foliar Fertilizers Market:

The Global Foliar Fertilizers Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:

• Coromandel International Ltd.
• ICL Group
• Israel Chemicals Ltd.
• K+S AG
• Haifa Group
• Yara International ASA
• Artal Smart Agriculture
• OMEX Agriculture Ltd
• Spraygro Liquid Fertilizers
• Hydrite Chemical
• The Mosaic Company
• Sociedad Quimica y Minera de Chile SA
• Nutrien
• Aries Agro Limited
• Eurochem Group

Related Reports:

Fertilizers Market: The liquid formulation held the largest share in the fertilizers market. The ease of application and transportation are the key drivers for the growth of the liquid formulations segment.

Complex Fertilizers Market: size is estimated to reach $82.67 billion by 2030, growing at a CAGR of 7.9% during the forecast period 2023-2030. 

Specialty Fertilizers Market: specialty Fertilizers are water-soluble fertilizers and can be used in a wide range of crops owing to their micronutrient-providing capability which offers ample growth opportunities for the industry players in near future in the Specialty Fertilizers industry.

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