Foliar Spray Market Report 2024

This Foliar Spray market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The foliar spray market size has grown strongly in recent years. It will grow from $6.67 billion in 2023 to $7.1 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth during the historic period can be attributed to higher crop yields, the growing adoption of precision agriculture, increased demand for high-quality crops, greater awareness of plant health, and the expansion of agricultural land.

The foliar spray market size is expected to see strong growth in the next few years. It will grow to $9.15 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The projected growth during the forecast period can be attributed to rising global food demand, an increase in organic farming practices, growing investment in agricultural research, the expansion of arable land, and favorable weather conditions for crop growth. Key trends expected in this period include the use of organic and natural foliar sprays, advancements in smart agriculture and precision farming, the adoption of drone technology for spray applications, personalized and customized foliar formulations, and the development of eco-friendly and biodegradable products.

The growing trend toward organic farming is expected to drive the expansion of the foliar spray market. Organic farming involves agricultural practices that exclude synthetic pesticides, herbicides, fertilizers, and genetically modified organisms (GMOs). This shift is fueled by rising consumer demand for healthier, chemical-free produce, increased awareness of environmental sustainability, and supportive government policies and incentives promoting organic farming. Organic foliar sprays that meet organic standards are increasingly used to improve crop health and yield without synthetic chemicals, catering to the needs of the organic farming sector. For example, in June 2024, Eurostat, a Luxembourg-based government agency, reported that about 16.9 million hectares of agricultural land in the European Union were dedicated to organic farming in 2022, up from 15.9 million hectares in 2021. In 2022, organic farming covered 10.5% of the total agricultural land in the EU. Thus, the growing shift toward organic farming is expected to propel the foliar spray market.

Key players in the foliar spray market are concentrating on developing crop-specific foliar product technologies, such as foliar adjuvants, to provide advanced, long-lasting insect control and improve pest resistance management. Foliar adjuvants are additives that enhance the performance of foliar sprays by improving their spread, adhesion, and absorption on plant leaves. For instance, in August 2024, BRQ Brasilquímica, a Brazil-based agrichemical company, introduced the Asperse foliar adjuvant as a premium addition to its QualyAplic line. This advanced solution improves spreading, wetting, and drift control in agrochemical sprays, particularly enhancing the efficacy of fungicides. Asperse ensures even pesticide distribution on crops such as soybeans, corn, and cotton, optimizing application efficiency and increasing agricultural yields.

In November 2022, J.M. Huber Corporation, a US-based company specializing in agricultural and industrial products, acquired Biolchim Group for an undisclosed sum. This acquisition supports Huber's goal of becoming a leading provider of sustainable, high-performance agricultural products worldwide. The expertise of Biolchim Group in biostimulants and specialty nutritional products complements Huber's existing portfolio. Biolchim Group, an Italian-based company, produces and distributes specialty foliar sprays, including plant nutrition and biostimulants.

Major companies operating in the foliar spray market are BASF SE, Syngenta AG, Bayer CropScience AG, Yara International, The Mosaic Company, Corteva Agriscience Inc., Sumitomo Chemical Company Limited, Israel Chemical Ltd., Nutrien Ltd., UPL Limited, FMC Corporation, ADAMA Agricultural Solutions Ltd., EuroChem Group AG, K+S AG, Nufarm Limited, GSFC Ltd (Gujarat State Fertilizers & Chemicals Ltd), Haifa Chemicals Ltd, Aries Agro Limited, Valent Biosciences Corporation, AgroLiquid, Hebei Monband Water Soluble Fertilizer Co Ltd, WinField United, Coromandel International Limited, Lima Europe NV, Tribodyn AG.

Asia-Pacific was the largest region in the foliar spray market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the foliar spray market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the foliar spray market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Foliar spray refers to the application of liquid fertilizers, pesticides, or other agrochemicals directly onto the leaves of plants. This technique is used to deliver nutrients or protection from pests and diseases, enabling plants to absorb these substances through their stomata (small pores on the leaves) and epidermis (outer cell layer).

The primary types of foliar sprays are nitrogenous, phosphoric, potassium, and micronutrient sprays. Nitrogenous foliar sprays, which contain nitrogen, are crucial for promoting vigorous growth and enhancing green coloration in plants. They are also used to quickly address nitrogen deficiencies in crops, improving yield and overall plant health. These sprays are available in powder and liquid forms and are applied to various types of crops, including horticultural, field, turf, and ornamental plants.

The foliar spray market research report is one of a series of new reports that provides foliar spray market statistics, including foliar spray industry global market size, regional shares, competitors with an foliar spray market share, detailed foliar spray market segments, market trends and opportunities, and any further data you may need to thrive in the foliar spray industry. This foliar spray market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The foliar spray market consists of sales of chelated foliar sprays, micronutrient foliar sprays, insecticide foliar sprays, and amino acid foliar sprays. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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