Report ID: UCMIG15C2037
Report ID:
UCMIG15C2037 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The foliar spray industry is anticipated to experience significant growth, with its market size expected to increase from USD 7.3 billion in 2023 to USD 9.6 billion by 2028, representing a compound annual growth rate (CAGR) of 5.5% during this period. Foliar spraying is a method employed in agriculture for the direct application of nutrients or pesticides onto a plant's leaves. This market encompasses the provision of various products essential for this technique, such as fertilizers, herbicides, insecticides, and other plant nutrients. Foliar sprays are renowned for their rapid effectiveness and their capacity to enhance crop yield and quality.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Fertilizers & Agricultural Chemicals by segment aggregation, the contribution of the Fertilizers & Agricultural Chemicals in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG15C2037