Foliar Fertilizer Market Outlook and Opportunities in Grooming Regions with Forecast to 2018 to 2028
July 23, 2019 by Steve Blade
Fact.MR has compiled vital insights on the foliar fertilizer demand and sales and has presented systematically in its new publication – “Foliar Fertilizer Market Forecast, Trend Analysis and Competition Tracking 2018-2028”. The foliar fertilizer market report offers complete understanding of key dynamics influencing the foliar fertilizer demand. The report includes in-depth assessment on past, present and future foliar fertilizer market scenario across regional markets.
According to the report, demand for foliar fertilizer is projected to expand at a CAGR of 4.0% with respect to volume during the period of forecast, 2018-2028. Steady demand for foliar fertilizer is likely to translate into significant sales volumes crossing 3,400,000 metric tons by the end of the assessment period.
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Sales of mineral foliar fertilizer are expected to gain increasing momentum across key regional markets. Mineral foliar fertilizer are expected to account for a major share in the overall foliar fertilizer market as compared to the organic foliar fertilizer. However, organic foliar fertilizer is expected to gain traction on the back of larger profit margins that they offer. Against this backdrop, manufacturers and suppliers of organic foliar fertilizer are introducing new products. For instance, Gronn Gjodsel AS has introduced Pepton 85/16, an organic foliar fertilizer featuring high nutritional content.
Decreasing Arable Land to Influence Nutrient Demand – Potential Avenue for Foliar Fertilizer Market
Arable land per person is expected to witness a further decline in the years to follow, in turn, impacting the agricultural produce. According to the World Bank, arable land (hectares per person) has reduced from 0.371 in 1961 to 0.194 in 2015. This hectares per person is likely to reach 0.15 ha per capita by 20250, according to FAO. Farmland decrease per person coupled with the increasing need for agricultural produce has pushed the growers to increase crop yield by using advanced fertilizer solutions such as foliar fertilizer, in turn, encouraging its market’s growth.
Fertigation to Challenge Foliar Fertilizer Sales
The on-going imbalance between demand and supply of water for agricultural practices has forced alterations in modern irrigation practices. This has resulted in adoption of alternative techniques such as fertigation that includes injection of fertilizers and nutrients to the irrigation system, in turn, impacting the use of foliar fertilization method. Fertigation saves time and money along with yield agriculture yield enhancement, consequently challenging the adoption of the foliar fertilizer in the agriculture industry.
The report on foliar fertilizer market covers a detailed assessment on foliar fertilizer manufacturers worldwide. Various players including, but not limited to, Helena Agri-Enterprises LLC, EuroChem Group Ag and K+S AG have been covered in the foliar fertilizer market report.
Companies are introducing new products in their portfolio to increase their scope of application in the foliar fertilizer space. For instance, Helena Agri-Enterprises LLC has introduced CitriFlo that is a foliar fertilizer used on flowers and fruit plants. It has also introduced Kendal, a nutrient supplement that enhances plant defenses.
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