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DUBLIN , Sept. 1, 2022 /PRNewswire/ -- The "Foliar Spray - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Foliar Spray Market to Reach $7.8 Billion by 2026

Amid the COVID-19 crisis, the global market for Foliar Spray is projected to reach US$7.8 Billion by 2026, registering a compounded annual growth rate (CAGR) of 5.4 % over the analysis period. Europe represents a major regional market for Foliar Spray and is projected to reach US$1.5 Billion by 2026. China is expected to spearhead growth and emerge as the fastest growing regional market with a CAGR of 8.8% over the analysis period.

Market growth is driven by their growing applications in field crops, horticultural crops, and turfs & ornamentals. The constant decline in arable land globally and increased pressure on growers to address the food needs of the world's expanding population are driving focus on to the development of more effective methods for applying fertilizers.

Rapid growth of agricultural production, especially staples such as rice and wheat, and the subsequent rise in need for fertilizers to protect crops and promote growth are leading to growth in foliar sprays market. The significant growth of foliar spray market in various application sectors is mainly attributed to their ability to increase agricultural output and increasing awareness about the advantages of foliar nutrition.

The easy to apply nature of foliar sprays and their ability to uniformly distribute nutrients onto crops is driving growth in the market. The market is also poised to benefit from the strong growth being witnessed in the industrial agriculture, which enhances need for uniform and efficient application of fertilizers to improve crop yield. Also fueling market growth is the rapidly rising demand for chemical-based plant booster in horticultural operations. Foliar sprays market is also poised to benefit by the agriculture industry`s shift towards advanced farming techniques.

For more information about this report visit https://www.researchandmarkets.com/r/q4yj4z

Research and Markets Laura Wood , Senior Manager [email protected]

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