Foliage Fertilizers Market Segmented By Natural, Synthetic type in Cereals & Grains, Pulses & Oil seeds, Fruits & Vegetables, Turfs & Ornamentals
Industry: Chemicals and Materials
Format: PPT*, PDF, EXCEL
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Report Type: Ongoing
Report ID: PMRREP32697
According to latest research conducted on Foliage Fertilizers Market, the demand is estimated to grow with a CAGR of 6% to 8% between 2021 and 2031. The increasing number of indoor farms, decreasing arable land, and the immediate effect of the plant to the foliar application of fertilizers the crop are the major factors that are driving the foliage fertilizers market.
Indoor farming is growing across the world considering its benefits over outdoor farming. Despite the high investment, high productivity and a substantial decrease in the usage of water, pesticide, and crop nutrition products are boosting indoor farming across the globe.
While the majority of the indoor farms operating on soil-less cultivation systems such as hydroponics, vertical farming, and aeroponics, the choose foliar spraying to provide additional nutrition. This is likely to boost the usage of foliar fertilizers across the globe.
The global market of foliage fertilizers is driven by advantageous properties of foliar fertilizers such as easy to use and apply. Further, adoption of precision farming and protected agriculture and rise in demand for soil micronutrients in agricultural yield, is also expected to offer growth to the global market. Government initiative to provide effective training programs regarding the use of foliar fertilizer is also expected to boost the growth of the market.
Foliar spray is the process of applying liquid fertilizers in a spray form directly on to plant leaves. The stomata on plant leaves help absorb nutrients from the foliar spray. The response of plants to foliar nutrients is more rapid than in the case of soil application. Liquid fertilizers used in foliar spray can be nitrogenous (N), phosphorus-based (P), potassium-based (K), mixed, or micronutrients.
Nitrogen is one of the most-widely consumed nutrients among all the macro and microelements required for plant growth. It is used to build amino acids, which produce proteins, and take part in almost every biochemical reaction performed in a plant. Inadequate nitrogen (N) availability in the soil is a common problem that farmers often witness.
Emerging economies, such as India and China, are focusing on maximizing their agricultural output, owing to the increasing population in these countries. Foliar spray is one of the most cost-efficient techniques to apply fertilizers, and is, hence, widely preferred in this region.
The increase in demand for food products and the limited agricultural resources in these countries will drive the growth of the market in this region. As such, the foliar spray market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period.
Asia Pacific has dominated the Foliage fertilizers market and is set to continue its supremacy over the forecast period. There are ample opportunities for market growth in developing nations such as India, Indonesia, and others.
The Europe liquid fertilizer market is projected to register a CAGR of 3.8% during the forecast period (2021-2026). Liquid fertilizers help in the efficient usage of plant nutrients, thereby minimizing environmental issues. In addition, the rapid rise in demand for high-efficiency fertilizers, ease of use and application, adoption of precision farming, protection of crops, and related environmental concerns are some of the major factors that augment the market growth. France Dominates the Europe Liquid Fertilizers Market
Based on region, the global foliage fertilizers market is studied across North America, Europe, Asia-Pacific, and LAMEA. Key players operating in the foliar fertilizers market are
Manufacturers are focusing on launching low-cost foliar fertilizers products in developing regions, where they can gain substantial profits and capture huge market shares on the back of increasing population.
By Type
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By Region
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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