Foliar Fertilizer Market: Global Industry Analysis 2013 - 2017 and Opportunity Assessment, 2018 - 2028
Fertilizers and pesticides are the major inputs required in farming. The recent decade has shown an immense growth in the fertilizer market. For the past 50 years, chemical fertilizers and pesticides played a major role in the agriculture sector. In the recent years, agrochemicals are mostly used to obtain higher yield. The quality of the products can be altered by regulating the mineral supplies through fertilization. Fertilizers help in soil fertility and also provide necessary nutrients to the plants as well the soil. There are different ways in which a plant gets its mineral nutrients, e.g., from natural soil fertility, fertilizers that are being added to the soil, and foliar fertilizer added to the leaves. Foliar fertilizer is a direct application of the fertilizer to the plant leaves in order to supply the necessary nutrients to the plants and crops. In 1844, foliar fertilizer was used to treat a plant disease named Plant Chlorosis, which is a condition in which the plant cannot synthesize enough chlorophyll due to lack of nutrients. The foliar fertilizer is used to solve the nutrient deficiencies in the plants, and it also helps to promote the overall plant health. In the recent years, foliar fertilizer is being widely used in horticulture (fruits and vegetables). In simple terms, foliar fertilizer is a plant nutrient created for the leaf feeding. Due to the increase in soil complications, the market for the foliar fertilizer is high among the growers as the fertilizer acts as a substitute for plant nutrients.
Reasons for Covering this Title
Factors such as waterlogged soil and soil pH limit the nutrient uptake of plants from the roots. Foliar fertilizer has come forward as an ultimate plant care solution for several issues, such as lack of plant nutrients, plant diseases and lack of other supplements. The primary usage of the foliar fertilizer is done when the roots are not able to absorb the nutrients from the soil. Whereas the secondary usage of foliar fertilizer is to alleviate specific micronutrient deficiencies. Foliar fertilizer contains either a chelated iron compound or a mixture of several nutrients along with iron compound. The foliar fertilizer supplies micronutrients such as Nitrogen, Phosphorous, Potassium, Calcium, and Boron to the plants, which help them in the growth and yield. Generally, the foliar fertilizer is either applied early in the morning or late in the night, so that the nutrients are easily absorbed by the leaf. The necessary plant nutrients exist in a dissolved form in the fertilizer, and the nutrients are available to the plant parts instantly after application. Since the plant nutrients are available immediately after application, they will also be highly beneficial to solve the temporary nutrient stress. The efficiency of the foliar fertilizer is high, even when the dosage is low due to its nature. The abovementioned factors are expected to drive the growth of the market for the foliar fertilizer over the forecast period.
Global Foliar Fertilizer Market: Segmentation
On the basis of Sources, the global foliar fertilizer market has been segmented as:
On the basis of Form, the global foliar fertilizer market has been segmented as:
On the basis of Crop Type, the global foliar fertilizer market has been segmented as:
On the basis of Product Type, the global foliar fertilizer market has been segmented as:
On the basis of Region, the global foliar fertilizer market has been segmented as:
Global Foliar Fertilizer Market: Key Players
Examples of some of the key players operating in the global foliar fertilizer market are Alpine, Everris, Yara International ASA, NACHURS, Kugler Company, Best Environmental Technologies, Agro Nova Science, OMEX Agriculture Inc, COMPO EXPERT, Sustainable Agro Solutions, AGRA Group, and Helena Agri-Enterprises, LLC., among others.
Key Developments in the Foliar Fertilizer Market
In the year 2016, Sustainable Agro Solutions along with Green Eagles launched their CODA products in Malaysia. More than 100 people attended the event, where they were shown the actions of the sprays in papaya, bean, cucumber, and rice fields.
In the year 2017, COMPO EXPERT partnered in China with a leading Chinese fertilizer company Xinyangfeng. This will help in the new technology development, localized production and commercialization of the fertilizer products.
Opportunities for the Participants in Foliar Fertilizers Market
The possibility for the growth of foliar fertilizer in the market is quite high. It has a high potential driven by various factors, which can increase the purchase of foliar fertilizer to a certain level.
Brief Approach to Research
We will follow a modelling-based approach and triangulation methodology to estimate the data covered in this report. A detailed market understanding and assessment of the applications, types, forms, and end user of the product segments covered in the study will be followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes.
Key Data Points Covered in the Report
Some of the key data points covered in our report include:
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
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Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
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