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.
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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
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“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.
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