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.
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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.
Foliar Fertilizers Market Poised to Grow with Product Innovations Showing Boundless Potential
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
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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 2024. 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.
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The Foliar Fertilizers market report answers important questions which include:
- What does the status of the Foliar Fertilizers market look like after the forecast period?
- Which region has the highest contribution to the global Foliar Fertilizers market and why?
- Which players remain at the top of the global Foliar Fertilizers market?
- What opportunities are available for the Foliar Fertilizers market players to expand their production footprint?
- Which segment has the maximum impact on the global Foliar Fertilizers market?
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