Latest industry survey by Fact MR, predicts Nitrogen Foliar Fertilizers sales to swell at propelled CAGR through 2031, as chemical and materials sales gradually recover post disruptions caused by COVID-19. The report is aimed at furnishing insights into hidden growth opportunities and challenges. It also provides recommendations to aid businesses prep for unforeseen challenges.
The report offers actionable and valuable market insights of Nitrogen Foliar Fertilizers. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Nitrogen Foliar Fertilizers Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Nitrogen Foliar Fertilizers market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Nitrogen Foliar Fertilizers
This newly published and insightful report sheds light on Market Insights of Nitrogen Foliar Fertilizers, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Nitrogen Foliar Fertilizers Market. The study offers an inclusive analysis on diverse features including demand, revenue generation, and sales by key players in the foliar fertilizers market across the globe.
Foliar fertilizers are an excellent alternative to provide nourishment to plants and many more benefits as it can be applied directly to the leaves of plants and crops. Foliar fertilizers market is accelerating on the back of efficient nutrient absorption along with high resistivity towards insects and pests.
The presence of plant cell growth regulators like gibberellins, cytokinins and auxins are underpinning the demand for foliar fertilizers thus propelling the global market to grow at an average annual growth rate of ~4% over the assessment period of 2019-2029.
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Foliar Fertilizers Market: Segmentation
Fact.MR has segmented the foliar fertilizers market on the basis of composition, crop, nature, and region.
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The global foliar fertilizers market is relatively fragmented, with the presence of some big players in the fertilizer industry including Yara International ASA, Israel Chemicals Ltd., EuroChem Group AG, Helena Agri-Enterprises, LLC etc.
The foliar fertilizer market has witnessed significant advancements, with market players focusing towards improving both quality and activity.
Furthermore, stakeholders in the foliar fertilizers market are focusing on technological advancements, product innovation, and the adoption of a new type of blended fertilizer in order to find a cost-effective solution.
Market players are also engaging in long-term supply contracts and collaborations throughout the value chain.
- For instance, on 13th September 2019, Yara in collaboration with Lantmännen, a Northern European company launched a pilot project with the goal to introduce a fossil-free food chain.
- The product is expected to be launched in the market by 2022. It has the goal of reducing carbon footprint by using renewable energy sources to manufacture mineral fertilizers. As a result of all these factors, market players are maintaining a good balance between organic and inorganic growth strategies.
Key Takeaways of the Foliar Fertilizers Market:
- Nitrogen being the most important nutrient for growth of plants, nitrogenous foliar fertilizer accounts for over 55% of the foliar fertilizers types
- Fact.MR opines that micro Ingredients like iron, manganese, boron, zinc etc. are set to grow at a faster rate vis-a-vis other nutrients and create remunerative opportunities worth US$ 138 Mn by the end of 2029
- Grains and cereals along with fruits and vegetables are the leading segments among all crops, and are likely to create a collective incremental opportunity of around US$ 2.4 Bn by 2029
- According to Fact.MR, adoption of organic formulations has been consistently growing over the past decade, and is projected to surpass nearly US$ 300 Mn by the end of 2029
- Mineral foliar fertilizers are dominating the market and are set to continue in the same fashion over the forecast period with a lucrative opportunity worth nearly US$ 2.6 Bn till 2029
- APEJ has dominated the foliar fertilizers market and was estimated at around US$ 600 Mn in 2018. China and India are anticipated to drive the APEJ foliar fertilizers market, accounting for nearly 70% of the regional market share.
- Fact.MR says that limited applications, phytotoxicity, high costs of foliar fertilizers, along with increased use of fertigation technique are factors that are expected to slow down the growth of the foliar fertilizers market.
“High absorption rate and immediate effect of nutrients through foliar feeding are key factors augmenting the growth of the foliar fertilizer market. Key players as well as new entrants can leverage the increasing demand for organic and sustainable products to increase their penetration in the market, such as Europe,” says a Fact.MR analyst.
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More Valuable Insights on Nitrogen Foliar Fertilizers Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Nitrogen Foliar Fertilizers, Sales and Demand of Nitrogen Foliar Fertilizers, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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