DUBLIN, September 27, 2021--(BUSINESS WIRE)--The "Foliar Spray - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Foliar Spray estimated at US$6.3 Billion in the year 2020, is projected to reach a revised size of US$9.1 Billion by 2027, growing at a CAGR of 5.4% over the analysis period 2020-2027.
Nitrogenous, one of the segments analyzed in the report, is projected to grow at a 5.9% CAGR to reach US$4.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Phosphatic segment is readjusted to a revised 5.1% CAGR for the next 7-year period. This segment currently accounts for a 23.8% share of the global Foliar Spray market.
The U.S. Accounts for Over 26.9% of Global Market Size in 2020, While China is Forecast to Grow at a 8.8% CAGR for the Period of 2020-2027
The Foliar Spray market in the U.S. is estimated at US$1.7 Billion in the year 2020. The country currently accounts for a 26.95% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$2 Billion in the year 2027 trailing a CAGR of 8.8% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 4.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR while Rest of European market (as defined in the study) will reach US$2 Billion by the year 2027.
Potassic Segment Corners a 16.8% Share in 2020
In the global Potassic segment, USA, Canada, Japan, China and Europe will drive the 4.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$799.6 Million in the year 2020 will reach a projected size of US$1.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.2 Billion by the year 2027, while Latin America will expand at a 5.2% CAGR through the analysis period.
Select Competitors (Total 88 Featured) -
Coromandel International Limited
Gujarat State Fertilizers & Chemicals Ltd.
Hebei Monband Water Soluble Fertilizer Co., Ltd.
Israel Chemicals Limited (ICL)
Yara International ASA
Key Topics Covered:
II. EXECUTIVE SUMMARY
Influencer Market Insights
Impact of Covid-19 and a Looming Global Recession
An Introduction to Foliar Spray
Foliar Spray Market: Prospects and Outlook
Nitrogenous Foliar Sprays Emerges as the Largest Segment
Horticultural Crops at the Forefront of Growth in Foliar Sprays Market
Europe Leads the Global Foliar Sprays Market
Coromandel International Limited (India)
EuroChem Group (Switzerland)
Gujarat State Fertilizers & Chemicals Ltd. (India)
Haifa Group (Israel)
Hebei Monband Water Soluble Fertilizer Co., Ltd. (China)
Israel Chemicals Limited (ICL) (Israel)
K+S Aktiengesellschaft (Germany)
TRIBOdyn AG (Germany)
Yara International ASA (Norway)
Foliar Spray Market Poised to Benefit from the Robust Rise in Use of Liquid Fertilizers
Numerous Advantages of Foliar Feeding Drives Growth in the Foliar Spraying Market
Factors Determining Success of Foliar Spray Application
Shrinking Arable Land and Need to Increase Agricultural Production and Yield to Meet the Needs of Expanding Global Population to Bolster Market Growth
With Multi-Nutrient Deficiency Causing Food and Nutritional Insecurity, Foliar Nutrition Emerges as a Supplementary Approach to Soil Nutrient Application
Efficiency of Foliar Feeding Vs Soil Application
Intensive Farming and Emergence of Mega Farms Raises Importance of Foliar Spraying to Promote Nutrient Uptake in Crops
Farm Size Distribution Worldwide: Percentage Breakdown of Farm Land by Size and Region
Organic Foliar Spray: A Sustainable Alternative to Chemical Fertilizers
Nitrogenous Foliar Spraying Offers Significant Advantages for Nursery Production
Need to Bolster Soil Life Propels Adoption of Foliar Spray in Permaculture Gardens
Foliar Application for Horticultural Crops: A Promising Market
Increase in Horticultural Crops Production: Opportunity for Foliar Spray Market
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/cx3h19
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Laura Wood, Senior Press Manager
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