Foliar Fertilizers Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2024-2030

The Foliar Fertilizers Market size is forecast to reach USD 10.6 billion by 2030, after growing at a CAGR of 5.7% during the forecast period 2024-2030.  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.

 

Foliar fertilizers are increasingly becoming a preferred choice among farmers due to their efficacy in enhancing plant health and vitality. This trend is driven by their ability to directly supply essential nutrients to plants through their leaves, bypassing soil deficiencies. Moreover, foliar fertilizers offer a convenient application method, allowing for quick absorption and rapid response from crops. As sustainability and eco-consciousness gain prominence, foliar fertilizers align with these values by promoting targeted nutrient delivery, minimizing waste, and reducing environmental impact.

 

One of the key drivers of the foliar fertilizers market is the increasing demand for high-quality crops. With a growing global population, there is a pressing need to enhance agricultural productivity and improve crop yields. Foliar fertilizers offer a valuable solution to this challenge by providing plants with vital nutrients in a targeted and readily available form.

 

Moreover, the rising awareness of sustainable agriculture practices has further fueled the adoption of foliar fertilizers. As environmental concerns mount, farmers and growers are seeking eco-friendly alternatives to conventional fertilizers. Foliar fertilizers are known for reducing nutrient leaching and pollution while optimizing nutrient uptake by plants, making them a popular choice among environmentally conscious agricultural practitioners.

The report: “Foliar Fertilizers Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the 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:  North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands and Others), APAC (China, Japan India, South Korea, Australia & New Zealand, Indonesia, Malaysia, Taiwan and Others), South America (Brazil, Argentina, Chile, Colombia and others), and RoW (Middle East and Africa).

• APAC held the largest market share with 40.1% in 2023. The Asia-Pacific region is witnessing an increased adoption of sustainable agricultural practices, rising awareness regarding crop nutrition, and the demand for high-yield crops are driving factors. Additionally, technological advancements in formulation and application methods contribute to market growth.
• The demand for Foliar Fertilizer is rising owing to the rapid advancements in agricultural technology, including precision farming, smart irrigation systems, and biotechnology, drive the adoption of foliar fertilizers. These technologies enable farmers to optimize nutrient uptake, reduce wastage, and improve overall efficiency. 
• In February 2022, Corteva Agriscience partnered with Marrone Bio Innovations' subsidiary, Pro Farm Technologies, to distribute Kinsidro® Grow in Europe, offering a novel foliar bionutrient for enhanced plant health and crop quality. This collaboration expands Corteva's global biologicals portfolio, delivering sustainable solutions for row crops like corn, wheat, soybeans, and cotton. 

Compound Foliar Fertilizer dominated the Foliar Fertilizers Market in 2023. The demand for Foliar Fertilizer is expected to grow in the coming years, as Foliar Fertilizer effectiveness in providing a balanced blend of essential nutrients tailored to specific crop requirements plays a crucial role. Compound Foliar Fertilizers offer a convenient solution for farmers seeking to address multiple nutrient deficiencies simultaneously, thereby optimizing crop health and yield potential. The growing trend towards precision agriculture and integrated nutrient management systems further fuels the adoption of Compound Foliar Fertilizers. These formulations align with modern farming practices focused on maximizing resource efficiency and minimizing environmental impact. Additionally, advancements in formulation technologies and product innovation enhance the efficacy and performance of Compound Foliar Fertilizers, making them increasingly attractive to farmers looking to achieve sustainable and profitable agricultural outcomes. Overall, Compound Foliar Fertilizers are poised to drive significant growth in the foliar fertilizer market, driven by their versatility, effectiveness, and alignment with modern agricultural practices.

Nitrogen dominated the Foliar Fertilizers Market in 2023. Nitrogen plays a pivotal role as a driver in the formulation and adoption of foliar fertilizers. Its importance stems from its critical function in plant growth and development, particularly in facilitating chlorophyll synthesis, which is essential for photosynthesis. One of the primary drivers behind the inclusion of nitrogen in foliar fertilizers is its rapid uptake and assimilation by plants through foliage, bypassing soil limitations or deficiencies. This direct application method allows for efficient nutrient delivery, especially during critical growth stages or periods of stress when plants require immediate nutrient supplementation. Additionally, nitrogen-containing foliar fertilizers offer flexibility in nutrient management strategies, enabling growers to tailor applications based on specific crop needs and environmental conditions. Moreover, the ability of nitrogen to enhance crop vigor, yield, and quality further underscores its significance as a driver in the foliar fertilizer industry. Overall, the demand for nitrogen-based foliar fertilizers is driven by the imperative to optimize crop productivity, maximize resource efficiency, and sustainably meet the global food demand in the face of evolving agricultural challenges.

APAC dominated the Foliar Fertilizers Market in 2023. The APAC Foliar Fertilizers Market is projected to experience significant growth 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 region's extensive agricultural sector, combined with a focus on increasing crop yields, drives the demand for foliar fertilizers. Government initiatives promoting sustainable farming practices further bolster market growth. Additionally, advancements in agricultural technology and the adoption of precision farming techniques contribute to the increasing acceptance of foliar fertilizers. Environmental concerns, such as soil degradation and water scarcity, also play a significant role, leading farmers to seek eco-friendly solutions like foliar fertilization to enhance crop productivity while minimizing environmental impact.

 

                                                

 

The global population steadily rising, there's a growing need to enhance agricultural productivity to meet food demand. Additionally, changing dietary preferences and the shift towards high-value crops necessitate improved crop yields. Moreover, the pressure to maximize land use efficiency further underscores the importance of enhancing crop productivity. Technological advancements in agriculture, such as precision farming techniques and biotechnology, also drive the demand for foliar fertilizers to optimize crop yields. Furthermore, the need for sustainable farming practices encourages the adoption of foliar fertilizers to achieve higher yields while minimizing environmental impact. According to the USDA in 2023, corn for grain production in the United States achieved a historic high of 15.3 billion bushels, with record-breaking average yields of 177.3 bushels per acre and a significant 10 percent increase in harvested area to 86.5 million acres, highlighting the industry's resilience and modern agricultural efficiency. Additionally, increasing farmer awareness about the benefits of foliar fertilization contributes to the growing demand for these products. The rise in commercial agriculture and contract farming arrangements also fuels the demand for foliar fertilizers, as farmers seek to increase profitability through improved crop yields. Moreover, government initiatives and subsidies promoting agricultural productivity serve as catalysts for the adoption of foliar fertilizers. Furthermore, the prevalence of nutrient-deficient soils in many regions necessitates the use of foliar fertilizers to address nutrient deficiencies and improve crop yields. Lastly, the competitive landscape within the agricultural sector drives farmers to seek innovative solutions like foliar fertilizers to gain a competitive edge and maximize yields.

 

 

The advancements in technology, such as GPS guidance systems and remote sensing, enable farmers to precisely monitor and manage their crops' nutrient needs. This targeted approach optimizes the use of foliar fertilizers, reducing wastage and improving cost-effectiveness. Additionally, precision farming allows for real-time data analysis, empowering farmers to make informed decisions about fertilizer application rates and timing based on specific crop requirements and environmental conditions. Moreover, the increasing adoption of automation and digitalization in agriculture streamlines foliar fertilizer application processes, enhancing overall efficiency and productivity on farms. According to the Precision Agriculture Policy & Adoption Outlook 2023, the UK leads in adoption with Scotland at 85% and Irish farmers at 43%; in Denmark, 80% of wheat and barley farmers and 30-40% of oilseed growers utilize the technology, while in Germany, 30% of farmers employ precision agriculture, contrasting with Hungary's 9.9% utilization rate. Overall, the shift towards precision farming techniques represents a significant opportunity for the Foliar Fertilizers Market to align with modern agricultural practices and meet the evolving needs of farmers.

Each crop has unique nutritional requirements, making it challenging to formulate foliar fertilizers that cater to the specific needs of diverse crops. The variations in leaf structure, size, and composition among different crops affect the absorption and utilization of foliar nutrients, leading to inconsistent results. Additionally, environmental factors such as temperature, humidity, and sunlight intensity can influence the efficacy of foliar fertilizers differently across various crops. Furthermore, the stage of crop growth and development also impacts the effectiveness of foliar fertilizers, requiring precise timing and application methods tailored to each crop type. Addressing these challenges demands extensive research, innovation, and customization to optimize the performance of foliar fertilizers across different crop types. These limitations are projected to limit market revenue growth.

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Foliar Fertilizers Market. in 2023, The major players in the Foliar Fertilizers Market are 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 and Others.

• In June 2023, ICL, a prominent global specialty minerals company, has launched a new range of advanced foliar and fertigation solutions in North America under their Nova brand of water-soluble fertilizers.
• In November 2022, FMC introduced Adastrio fungicide, featuring three modes of action, providing efficient foliar disease management including the latest SDHI molecule, fluindapyr, ensuring broad-spectrum disease control for corn, grain sorghum, wheat, triticale, and barley.