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Global Foliar Fertilizer Market – SIZE, SHARE, IMPACT OF COVID-19 AND FORECASTS TO 2028

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The global foliar fertilizer market is projected to register a CAGR of 5.95%. Key Highlights. Largest Segment by Type – Nitrogen: Nitrogen fertilizers like UAN which is less prone to leaching is preferred by farmers worldwide due to its less toxicity without polluting the environment.

New York, Jan. 17, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the “Global Foliar Fertilizer Market – SIZE, SHARE, IMPACT OF COVID-19 & FORECASTS TO 2028” report — https://www. reportlinker.com/p06381446/?utm_source=GNV

Fastest Growing by Type – Nitrogen: The nitrogen foliar fertilizer market is the fastest growing due to technological advancements and growing growers’ focus on sustainability and precision agriculture.
Largest Segment by Crop Type – Lawns and Ornamentals: Increasing area under cultivation with growing concerns over pollution and growing eco-tourism worldwide has increased the demand for fertilizers for such crops.
Largest segment by country – United States: The acidic nature and pH imbalance of United States soil has raised the demand for foliar fertilizers, which can be applied directly to plant parts for easier absorption.

Foliar fertilizer market trends

War crops are the largest segment by type of crop.

The foliar method of fertilizer application accounted for 11.3% of the total market value of fertilizers in 2021. War crops accounted for 83.65%, horticultural crops accounted for 11.2%, and sod and ornamental crops accounted for the remaining 7.1% of the total marketed fertilizer. in 2021. More than 90% of the world’s agricultural land is devoted to the cultivation of field crops.
The Asia Pacific and Europe regions had a market share of 40.2% and 33.8%, respectively, for the use of foliar fertilizers in field crops. South America had a share of 22.0% in 2021. The use of foliar fertilizers is expanding due to their ease of application with foliar spray techniques, which also have better nutrient uptake efficiency.
With a market share of 28.9% and 23.64%, respectively, the Asia Pacific and South America regions dominated the use of foliar fertilizers in horticultural crops in 2021. The Asia Pacific region, which includes nations such as China and India, is one of the regions with the highest rates of fertilizer consumption and have a huge area devoted to agricultural production. According to the data, it accounted for 73.0% of the global area under horticultural cultivation. Europe and North America are in second and third place, with 16.0% and 2.0% market share.
Due to the presence of a large number of golf courses and private lawns, the North America region is key to the lawn and ornamental foliar fertilizer segment. Grass grass? covers 5.0 million ha of land in the United States, which includes all stadiums, turf fields, and parks.
Therefore, the global consumption of foliar fertilizers in respective crop types is expected to grow during the forecast period.

Europe is the largest segment by region.

Foliar application of fertilizers has long been practiced in many crops, especially cereals and horticulture worldwide.
Europe dominated the foliar fertilizer market, accounting for 31.4% market share in 2021. It grew by 10.4% during the study period. Soil micronutrient deficiencies significantly affect crop yield and quality in many areas in Europe, such as soil manganese, zinc, and iron deficiencies. Empirical studies showed that 60.0% and 28.0% of the regional soil contained iron and zinc levels lower than adequate. This will drive the market in the region during the forecast period.
The Asia Pacific Foliar Fertilizer market recorded steady growth during the research period, with a total value of USD 5.99 billion in 2021 with a consumption volume of 12.4 million metric tons. War crops accounted for the largest share of 83.1%, valued at $4.98 billion in 2021.
Among countries, China dominated the APAC region, with 43.1% market share. In China, farmers apply zinc and iron extensively to paddy fields to improve crop yields. Foliar application of micronutrients is also widely practiced for fruits and vegetables in China to improve crop quality.

South America accounted for 18.0% of the global foliar market. The foliar application market in the region grew by 36.0% during the study period, and consumption by volume increased by 52.4%. The market is estimated to register a CAGR of 6.7% during the forecast period.

The adoption of precision agriculture and conservation agriculture and the rise in demand for soil micronutrients in agricultural yields are expected to increase the demand for foliar fertilizers globally.

Competitive analysis of the foliar fertilizer market

The global foliar fertilizer market is fragmented, with the top five companies occupying 20.00%. The main players in this market are Haifa Group., ICL Specialty Fertilizers, IFFCO, Sociedad Kuimica i Minera (SKM) and Iara North America (in alphabetical order).

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