India Foliar Fertilizer Market to Grow with a CAGR of 4.62% through 2028
Rising adaptability of foliar fertilizers to diverse
crops and regions is expected to drive the Global India Foliar Fertilizer Market
growth in the forecast period, 2024-2028.
According to TechSci Research report, “India Foliar
Fertilizer Market –Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2028”, the Global India Foliar Fertilizer Market stood
at USD 2.35 Billion in 2022 and is anticipated to grow with a CAGR of 4.62% in
the forecast period, 2024-2028. The India Foliar Fertilizer Market has been on
a steady upward trajectory, experiencing significant growth and innovation in
recent years. India is home to
a vast and ever-growing population, and the pressure on its agricultural sector
to meet the food demands of the nation is substantial. Farmers are increasingly
turning to foliar fertilizers as a means to boost crop productivity. These
fertilizers provide a rapid and efficient way to deliver essential nutrients
directly to plants, resulting in healthier and more productive crops.
Foliar fertilizers are known for their ability to
enhance nutrient absorption by plants. Unlike traditional soil-based
fertilization, where nutrients must travel through the soil to reach the
plant's roots, foliar fertilizers are applied directly to the leaves, allowing
for quicker and more efficient uptake of nutrients. This is particularly
advantageous during critical growth stages when crops require a rapid nutrient
boost. The
diversification of crops in India, particularly the expansion of horticultural
products such as fruits and vegetables, has driven the demand for foliar
fertilizers. These high-value crops often require precise nutrient management
and are particularly responsive to foliar fertilization. As the demand for
fruits and vegetables continues to rise, so does the market for foliar
fertilizers.
India's agricultural landscape is incredibly diverse,
with a wide range of crops grown throughout the country. Foliar fertilizers
offer versatility, as they can be customized to suit the nutritional needs of
different crops. From rice and wheat to fruits and vegetables, foliar
fertilizers cater to the unique requirements of various agricultural products,
making them an attractive choice for farmers. The Indian government has
recognized the importance of sustainable agriculture and is actively promoting
the use of foliar fertilizers through subsidies and support programs. These
initiatives aim to reduce the environmental impact of conventional chemical
fertilizers while improving overall crop yield and quality. Government backing
has played a pivotal role in propelling the India Foliar Fertilizer Market
forward.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on " India
Foliar Fertilizer Market”
The Global India Foliar Fertilizer Market is segmented
into Application, Product, Regional Distribution, And Company
Based on the Product, Mineral
Liquid/Suspension Foliar Fertilizers emerged as the dominant segment in the
global market for Global India Foliar Fertilizer Market in 2022. While
biostimulants and combinations of biostimulants with mineral fertilizer
components have gained attention for their potential benefits, mineral
liquid/suspension foliar fertilizers continue to be a staple choice across a
wide range of crops and regions. Their versatility in addressing nutrient
deficiencies and supporting overall crop growth makes them a reliable choice
for many farmers. Mineral foliar fertilizers can be customized to meet the
specific nutrient requirements of different crops and growth stages. This
flexibility allows farmers to fine-tune their fertilization practices, ensuring
that crops receive the right balance of nutrients, which is particularly
essential in India's diverse agricultural landscape. These fertilizers provide
a quick response and visible results, making them highly attractive to farmers.
When crops face nutrient deficiencies or stress conditions, mineral foliar
fertilizers offer a rapid solution, addressing these issues promptly and
effectively. This immediate impact on crop health and productivity is a
significant driver of demand.
Based on the Application, the Horticulture Greenhouse
segment emerged as the dominant player in the global market for Global India
Foliar Fertilizer Market in 2022.
Foliar
fertilizers provide a rapid response, and the results are visible in a short
period. In the competitive market for horticultural products, where the quality
and appearance of produce significantly impact marketability and pricing, the
quick response time of foliar fertilizers is a significant advantage. Greenhouse
growers aim for precision in their cultivation practices. Foliar fertilizers
can be customized to meet the specific nutritional requirements of different
crops, allowing growers to fine-tune their nutrient management strategies for
each crop variety. In closed greenhouse environments, there is a desire to
minimize nutrient runoff and leaching to ensure efficient resource utilization
and environmental sustainability. Foliar fertilization reduces the risk of
nutrient loss to the environment, making it an eco-friendly choice.
Major companies operating in Global India Foliar
Fertilizer Market are:
- Zuari Agro Chemicals LTD.
- FFCO
- Coromandel
- DFPCL
- The Fertilizers And Chemicals Travancore
Limited
- DEEPEE CHEM INDUSTRIES
- GSFC
- MAHAFEED
- Coromandel International Ltd.
- Indian Farmers Fertiliser Cooperative
Limited
Download
Free Sample Report
Customers can also request for 10%
free customization on this report
“The India
Foliar Fertilizer Market is poised for robust growth in the coming years,
driven by several compelling factors. The agricultural landscape in India is
experiencing a shift towards sustainable and precision farming practices, where
foliar fertilizers play a pivotal role. Increasing awareness among farmers
about the benefits of foliar fertilization, coupled with government support and
subsidies, is expected to drive greater adoption. Furthermore, technological
advancements and ongoing product innovation are enhancing the efficacy of
foliar fertilizers, making them more attractive to a wide range of crops and
agro-climatic zones. As India continues to diversify its crop portfolio and
expand its horticultural production, the demand for foliar fertilizers is
likely to surge. Additionally, the adaptability of foliar fertilizers to
different crops and regions positions them as a versatile and indispensable
tool for modern agriculture.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based management consulting firm.
“India Foliar Fertilizer Market Segmented By Product
(Mineral Liquid/Suspension Foliar Fertilizers, Biostimulants, Combinations of
Biostimulants with Mineral Fertilizer Components), By Application (Horticulture
Openfield, Horticulture Greenhouse, Field Crops, Turf & Ornamental, Others)
By Region and Competition, Forecast & Opportunities, 2028”, has evaluated
the future growth potential of Global India Foliar Fertilizer Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global India Foliar Fertilizer Market.
Contact
Mr. Ken Mathews
Techsci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
Tel: +1-332-258-6602
Email: [email protected]
Website: www.techsciresearch.com