Foliar Spray Market Analysis, Outlook 2019 - Trends, Opportunities and Forecast to 2026

Market Size – USD 5.65 Billion in 2018, Market Growth - CAGR of 5.9%, Market Trends – Increasing crop yield from a limited area of land.

The global foliar spray market is forecast to reach USD 8.96 Billion by 2026, according to a new report by Reports and Data. Foliar spray is a process of feeding plants by directly applying fertilizers to the leaves instead of putting it in the soil. Plants could ingest essential elements through their leaves. The absorption procedure happens through stomata and epidermis. The technology can also be utilized while applying pesticides such as insecticides, herbicides, and biopesticides to the plants.

The market for foliar spray is influenced by the increase in demand from end-use industries such as industrial agriculture, high efficiency of foliar spray products, and ease of application.

The above-mentioned factors collectively create opportunities for market growth, while factors such as fluctuating raw material prices pose limitations in the market. However, each factor would have a definite impact on the market during the forecast period. Consistent advancements in the textile chemicals market owing to innovative efforts have enhanced the efficiency of foliar spray.

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Foliar Spray Market | Reports and Data

Europe is a key region for the foliar spray market during the forecast period. The significant growth in the region is due to the high agriculture expenditure, and emphasis on technologically advanced farming techniques. These factors are expected to give consistent growth to the foliar spray market in the European region.

Further key findings from the report suggest

• The fertilizer segment held a larger market share of 61.9% in the year 2018. Liquid fertilizers are applied to the leaves of the plants, which is more effective than putting it in the soil hence affecting the market growth positively.
• The nitrogenous segment of the foliar spray market is forecasted to grow with the highest CAGR of 6.5% during the forecast period. Nitrogen is the most preferred supplement among all elements for plant growth due to its easy availability and lower price. It helps enhance the yield of corps. Nitrogenous foliar sprays are broadly favored in various applications.
• The horticultural crops segment held the largest market share of 40.3% in the year 2018 and is forecasted to grow with the highest CAGR of 6.6% during the forecast period. This is due to the extensive use of foliar spray products in the horticultural crops. Horticultural crops such as vegetable crops, tuber crops, and fruit crops have turned into a fundamental part of the daily dietary intake of individuals, which in turn, has contributed to the increased use of foliar spray fertilizers.
• The Europe region held the largest market share of 33.5% in the year 2018. Countries such as Norway, Germany, and the UK have adopted advanced farming technologies which in turn fuels the demand for foliar spray products in the agricultural industries in the region.
• Key Participants EuroChem Group AG, Nutrien, K+S Aktiengesellschaft, Yara International ASA, Israel Chemicals Ltd., The Mosaic Company, Gujarat State Fertilizers & Chemicals Ltd., Coromandel International Limited, TRIBOdyn AG, and Hebei Monband Water Soluble Fertilizer Co., Ltd. among others.

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For the purpose of this report, Reports and Data have segmented into the global Foliar Spray market on the basis of foliar type, product type, application, and region:

Foliar Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)

• Fertilizers
• Pesticides

Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)

• Nitrogenous
• Potassic
• Phosphatic
• Parathion
• Malathion
• Others

Applications Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)

• Horticultural Crops
• Field Crops
• Turfs & Ornamentals
• Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)

• North America
• U.S.
• Europe
• UK
• France
• Asia Pacific
• China
• India
• Japan
• MEA
• Latin America
• Brazil

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About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

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Feed Grade Valine Market Analysis, Growth by Top Companies, Trends by Types and Application, Forecast to 2026

Environmental changes, growing awareness, continuous developments and government provisions are the key factors contributing to the CAGR of the forecasted period.

Market Size- USD 48.4 Million, Market Growth- CAGR 4.8%, Market Trends- continuous improvement and development in the quality of feed grade valine and customization of the product.

According to the current analysis of Reports and Data, the global feed grade valine market was valued at USD 48.4 million in 2018 and is anticipated to reach USD 70.6 million by the year 2026, at a CAGR of 4.8%. The study covers the genre of feed grade agent called valine- one of the eight kinds of amino acids that are required to the body and needs to be obtained from diet. It focusses on animal food, primarily poultry and livestock. Experiments and trials are being carried out on aquaculture as well. So far feed grade valine had a successful effect on shrimps. Feed grade valine is mainly available in two types- L-type and D-type. Majority of the companies, today supply L-type valine only. This is because, as per several reports, the L-type valine has been the most effective and the safest feed in nature. 

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The industry has great scope as almost 70% of the production cost for poultry or laying hen farming. Thus, appropriate and adequate diet should be provided in order to maintain profitability and sustainability. Environmental and climatic changes have had a significant impact on the poultry across the globe, thus driving the population to opt for feed grade valine. Other factors such as, increased tolerance of animals towards anti-biotics, degraded health of animals due to inappropriate diet has further increased demand for the market. However, high costs, lower purchasing power and lack of awareness, especially in the developing and under-developed countries, act as the major problems faced by the market.

Further Key Findings from the report suggest

• Most of the companies that manufacture feed grade valine only supply L-type valine as it has been proven to be the safest type of feed grade valine for the livestock among the rest.

• L-type of feed grade valine holds the highest market share. It accounts for 80.5% of the market share. This is because it has been proven to be the most effective and the safest type of valine for the animals. In fact, almost all the companies sell only L-type of Valine. There are only a selected few companies which supply the D-type valine today.

• Ajinomoto is the largest provider accounting for 49.56% market share in 2017. It is given a tough competition by CJ Corp. (Chein Jedang Corp.) who has accounted for 40% of the market share in 2018.

• Ajinomoto spiralled towards success due to its scheme of customization of orders. This method was later adopted by almost all the manufacturers across the globe as it helps the customers choose products as per their exact needs and inevitably increases demand.

• An increase in the number of government schemes supporting animal husbandry by providing valine at subsidised rates have helped in increasing the demand for feed grade valine.

• The feed grade has high demand as it helps in measuring and managing nutritional values of the livestock and predicting their performance.

• Environmental and climatic changes have had a significant impact on the poultry across the globe, thus driving the population to opt for feed grade valine to provide better nutrition.

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• Europe and Asia- Pacific (especially China) have been identified as the major consumers. However, Europe seems to have experienced faster growth as compared to China.

• Asia- Pacific is seen to continue its growth at a CAGR of 5.3% due to the abundance of livestock in the region and availability of cheap labour. However, factors such as higher costs, lack of accessibility, especially, in developing countries are some of the major restraints in the market.

For the purpose of this report, Reports and Data has segmented the feed grade valine market on the basis of type, application, distributional channels and regions:

Type (Revenue, USD Million; 2016–2026)

• L-Type

• D-type

• Other

Application (Revenue, USD Million; 2016–2026)

• Poultry

• Livestock

• Aquaculture (Shrimps)

• Other

Distribution channel (Revenue, USD Million; 2016–2026)

• Direct sales

• Distributor

Regional Outlook (Revenue, USD Million; 2016–2026)

• North America:

o United States of America

o Canada

• Asia-Pacific:

o China

o India

o Japan

o Rest of Asia-Pacific

• Europe:

o United Kingdom

o Italy

o Germany

o France

o Spain

o Rest of Europe

• Latin America:

o Brazil

o Middle-east and Africa

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/feed-grade-valine-market

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

Contact Us:

John Watson

Head of Business Development

Direct Line: +1-212-710-1370 

E-mail: sales@reportsanddata.com

Reports  and Data | Web: www.reportsanddata.com

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