The foliar spray market is expected to grow from USD 7.3 billion in 2023 to USD 9.6 billion by 2028, at a compound annual growth rate (CAGR) of 5.5% during the forecast period. Technological advancements and the rising demand for organic and sustainable farming practices are key growth drivers for the industry. These innovations have enabled companies to create more efficient foliar sprays that deliver nutrients to plants more effectively. Additionally, the growing preference for environmentally friendly products is opening new avenues for market leaders to develop eco-conscious and innovative foliar spray solutions. As awareness of the benefits of foliar applications continues to rise among farmers and gardeners, the market is poised for steady expansion.
Top Companies in the Foliar Spray Market
- Eurochem Group (Switzerland)
- Nutrien Ltd. (Canada)
- Yara (Norway)
- Israel Chemical Limited (Israel)
- Coromandel International Limited (India)
- The Mosaic Company (US)
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EuroChem Group (Switzerland)
EuroChem Group is a prominent player in the global fertilizer industry and has increasingly invested in specialty fertilizers, including foliar sprays. The company has been enhancing its foliar product offerings to support micronutrient delivery for high-value crops. Leveraging its vertically integrated model, EuroChem ensures quality control from raw materials to final products. The company focuses on innovation in nutrient efficiency, which has fueled its presence in Europe and emerging markets, especially in Eastern Europe and Central Asia, where foliar application is gaining traction due to climate variability.
Nutrien Ltd. (Canada)
Nutrien Ltd., one of the world’s largest providers of crop inputs and services, offers a robust foliar spray portfolio through its retail business. With a strategic focus on precision agriculture and sustainable farming, Nutrien integrates foliar products into its broader nutrient management programs. The company’s retail arm, Nutrien Ag Solutions, supplies custom-blended foliar nutrition solutions tailored to regional crop needs, especially in North America, South America, and Australia. Ongoing investments in R&D and digital platforms have allowed Nutrien to promote foliar sprays as a key component of climate-resilient and efficient farming practices.
Yara International ASA (Norway)
Yara is a leader in crop nutrition and has a strong presence in the foliar spray market, offering a wide range of liquid and soluble foliar nutrients under its “YaraVita” brand. The company emphasizes precision application and sustainability, aligning with its broader mission to responsibly feed the world. Yara’s foliar products are particularly designed to correct deficiencies during critical growth stages, with strong market penetration in Europe, Africa, and parts of Asia. Their global agronomic network provides field-specific guidance, promoting foliar sprays as a tool for maximizing yields and nutrient use efficiency.
Israel Chemicals Ltd. (ICL) (Israel)
ICL plays a significant role in the specialty fertilizers market, including foliar sprays, through its “ICL Growing Solutions” segment. The company provides a comprehensive range of foliar nutrition products enriched with micronutrients and biostimulants aimed at boosting crop resilience and productivity. ICL’s foliar solutions are well-integrated into its smart agriculture initiatives, supporting high-value horticultural and row crops. Key markets include Europe, North America, and Latin America. Their recent innovation focuses include controlled-release technologies and compatibility with precision ag platforms.
Coromandel International Limited (India)
Coromandel, a key agricultural input company in India, has been expanding its product portfolio to include high-efficiency foliar fertilizers tailored to the unique agronomic challenges in tropical and subtropical climates. With a strong distribution network across India, Coromandel promotes foliar sprays as an effective means to supplement soil fertilization, especially in rainfed and micronutrient-deficient areas. The company also offers water-soluble and micronutrient blends for foliar use under its specialty nutrients division, targeting crops like cotton, rice, and fruits.
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The Mosaic Company (US)
The Mosaic Company has traditionally been known for its phosphate and potash fertilizers but has been diversifying into specialty plant nutrition, including foliar sprays. Through its Performance Products division, Mosaic provides advanced foliar nutrient solutions that enhance plant uptake and support abiotic stress tolerance. Mosaic’s acquisition of Vale Fertilizantes and increased focus on high-tech agronomic solutions have helped it capture market share in foliar nutrition across North and South America. Its R&D efforts emphasize synergy between foliar nutrition and soil-applied fertilizers for comprehensive crop performance.