North America Foliar Spray Market Size, Share, and COVID-19 Impact Analysis, By Type (Nitrogenous, Potassic, Micronutrients, and Phosphatic), By Application (Horticulture Openfield, Horticulture, Greenhouse, Field Crops, Turf & Ornamental, and Others), and North America Foliar Spray Market Insights, Industry Trend, Forecasts to 2033

North America Foliar Spray Market Insights Forecasts to 2033

• The North America Foliar Spray Market Size is Growing at a CAGR of 6.19% from 2023 to 2033
• The North America Foliar Spray Market Size is Expected to Hold a Significant Share by 2033

The North America Foliar Spray Market is Anticipated to Hold a Significant Share by 2033, Growing at a CAGR of 6.19% from 2023 to 2033

Market Overview

The market for the production and application of liquid sprays containing vital nutrients, vitamins, and minerals that are sprayed directly onto plant leaves is known as the North American foliar spray market. It allows plants to absorb nutrients quickly, which promotes growth, boosts crop yields, and makes plants more resilient to pests and disease. Foliar sprays, which offer a very efficient way to deliver nutrients, are widely used in farming, particularly in the production of crops like fruits, vegetables, and cereals. The increasing demand for high-quality, nutrient-dense crops and the growing application of precision agriculture technology are some of the key factors propelling the market's expansion. Farmers are now using foliar sprays to meet consumer demands for healthier food while also giving crops the right nutrients for growth. Foliar spray use has also increased as a result of precision agriculture, which uses advanced technologies like GPS and remote sensing tools to apply the sprays precisely, save resources, and maximize crop productivity. The foliar spray market in North America is expanding due to government policies and increased awareness of sustainable farming methods. Government subsidies for environmentally friendly inputs and organic farming have led to the development of new formulations with improved efficacy and efficiency.

Report Coverage

This research report categorizes the market for the North America foliar spray market based on various segments and regions and forecasts revenue growth, and analyzes trends in each submarket. The report analyzes the key growth drivers, opportunities, and challenges influencing the North America foliar spray market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyzes their core competencies in each sub-segment of the North America foliar spray market.

Driving Factors

The growing consumer demand for high-quality, nutrient-dense crops is one of the main factors propelling the growth of the North American foliar spray market. Foliar sprays provide a very efficient way for quick nutrient uptake, which improves crop yield and quality as agriculture faces growing pressure to increase productivity while maintaining sustainability. Additionally, farmers can use foliar sprays more effectively, maximizing resource use and reducing waste, by utilizing precision farming technologies like GPS and sensor-based systems. Since organic foliar sprays are a safer and more environmentally friendly alternative to conventional fertilizers, the market is expected to grow as organic farming and eco-friendly practices gain popularity.

Restraining Factors

High foliar spray prices, potential crop damage or inadequate nutrient uptake, regulatory hurdles, and environmental issues may deter small-scale farmers from adopting these effective products. Environmental concerns and strict environmental laws may also hinder widespread use, especially among risk-averse or budget-conscious farmers.

Market Segmentation

The North America foliar spray market share is classified into type and application.

• The nitrogenous segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

The North America foliar spray market is segmented by type into nitrogenous, potassic, micronutrients, and phosphatic. Among these, the nitrogenous segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. Nitrogen is crucial for plant growth, affecting health and productivity through protein, enzyme, and chlorophyll synthesis. Nitrogenous foliar sprays promote rapid growth, increase crop yield, and enhance plant vitality, making them globally preferred.

• The field crops segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the application, the North America foliar spray market is divided into horticulture open-field, horticulture, greenhouse, field crops, turf & ornamental, and others. Among these, the field crops segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period. Foliar sprays on field crops like cereals, grains, and legumes are used to deliver essential nutrients, such as nitrogen, phosphorus, and micronutrients, which promote growth, enhance yield, and address nutrient deficiencies in commercial agriculture, thereby boosting plant health and crop productivity.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the North America foliar spray market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• BASF SE
• The Dow Chemical Company (Corteva Agriscience)
• ICL Group
• FMC Corporation
• Yara International
• Nutrien
• Syngenta
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In November 2022, the fungicide Adastrio was introduced by FMC for the 2023 growing season. This foliar fungicide offers thorough control of major foliar diseases like anthracnose leaf blight and gray leaf spot across corn, wheat, and other important crops by combining fluindapyr, flutriafol, and azoxystrobin.

Market Segment

This study forecasts revenue at North America, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the North America foliar spray market based on the below-mentioned segments:

North America Foliar Spray Market, By Type

• Nitrogenous
• Potassic
• Micronutrients
• Phosphatic

North America Foliar Spray Market, By Application

• Horticulture Openfield
• Horticulture
• Greenhouse
• Field Crops
• Turf & Ornamental
• Others